Glusea presents to you the best investments in Ghana 2020.
Finding a profitable business to invest is the most essential step in every entrepreneurial journey. The success of any business depends on the extend understanding of the trend of the market. But how can one decide on the best investments in Ghana 2020? Well we have carefully studied the market trends over the years and have brought to you the businesses with long time benefits.
You Also Check Best Business Ideas in Ghana
Best Investments in Ghana 2020
Before you think this is for the rich people, read on to find out how you can invest in real estate even if you are just a school lever.
one of the best ways to invest in real estate is to invest through real estate investment trusts (REITs). You can own real estate through REITs. A REIT is like a mutual fund that holds individual properties.
They typically specialize in certain sectors, like office buildings, retail space, or warehouse and storage facilities. You get dividends as the company make profit. A prominent REIT company in Ghana is Republic Bank.
Invest in Stocks
One of the most lucrative investments in Ghana at the moment is to own financial equities of a high performing Company. Investing in stocks or buying shares simple means you are a part owner of the company.
Buying a share of stock in any publicly traded company will most likely require the services of a brokerage firm. Due to the fact that the securities industry is highly regulated, one can’t just start selling stocks to the general public unless you’re properly registered and licenced.
You can start by opening a broker account. Some notable brokers include; CAL Brokers Limited, Firstbanc Group, Databank Group, among others. You can contact your preferred broker and you would be taken through the process.
Identifying the right time to buy stocks is a key to success in the stock market. One of the basic principles of stock investment is to buy low and sell high. The best time to buy stocks is when the prices are as low as they could possibly be.
Invest in Your Acquired Skill
In the book “The Richest Man in Babylon by George S. Clason”, one lesson you can learn from is the fact that you have to invest your money in a business you have much knowledge about.
This is by far the best investment one can make. There are few chances of failure if you understand what you do. Look for opportunities in your field of study and invest.
The easiest way to come up with a business idea is to look out for a shortfall, or a problem in a certain area and provide a solution to meet the problem.
Read How to Make Money Online in Ghana
Invest in Services Provision
As the population of Ghana continues to grow, so does the need for services increase. Many people have made millions by providing essential services. Some business ideas in this field includes; Chemical drug shops, information and Communication services, hair salons and spa, cleaning and laundry, catering g services and many more.
Best Investments in Ghana 2020
Oil And Gas
Investing in oil and gas can very risky, however, the long term benefits can not be underestimated. Price short falls, accidents are some of the risks associated with oil and gas.
Best Investments in Ghana 2020
Enroll in An Insurance Policy
This is a give away. Whiles you are thinking about putting your money into use to gain more, you also need to measures to safeguard it so as not to loose what you have in the event of an accident.
The Key Strategy to Buying Stocks in 2021
For investors looking to grow their portfolios these days, here is a hard truth: You have limited options.
In this extended era of low rates, average interest on savings accounts is close to zero. Fixed income is not much better, with 10-year Treasurys offering well below 1%.
That’s not even enough to keep up with annual inflation, let alone grow your savings for a comfortable retirement. That leaves one primary weapon in your arsenal: Equities, or shares in publicly-traded companies.
The stock market
There is more risk involved with buying stocks than with bonds or other investments, but there is also more potential return. Looking through a long-term lens of many decades, stocks are a smart place to be – returning an average of 9.2% a year over the last 140 years, according to data from Goldman Sachs.
Compound that return over many decades of your working life, and you can see why stocks are a core component of most portfolios. They not only offer potential share-price appreciation, but income generation as well, if they provide a dividend (a regular payment to shareholders).
Using a simple growth calculator at Investor.gov, if a young saver chips in $500 monthly and enjoys 7% compounded stock returns over 40 years, that adds up to an impressive $1.2 million.
“With stocks there is a greater potential for reward, which is why they are a core part of most investors’ portfolios,” says Michael Kealy, an education coach with brokerage TD Ameritrade in Salt Lake City. “Historically they have provided returns north of other asset classes. There is more risk on the table – but there are ways to offset that risk.”
How to buy stocks:
Stocks for beginners:
Here are three steps to start buying stocks:
1. Decide between a mutual fund and individual stocks
2. Decide which stocks to own
3. Selling stocks: Consider taxes and risks
1. Funds vs Stocks
So where does a new investor begin in buying individual stocks? If your primary savings vehicle is a company 401(k), you will typically be presented with a menu of mutual funds, which are baskets of large numbers of stocks. (The exception to that rule is stock in your own company, which may indeed be offered within that plan.)
For most investors, mutual funds are the wiser path, since they offer more diversification and less risk. But if you are interested in buying shares in individual stocks, you can certainly do that elsewhere — in traditional or Roth IRAs, for instance, which are retirement accounts that let you select from a wider universe of investment options.
Or you can trade stocks in a regular taxable brokerage account, at popular online brokers like TD Ameritrade, Merrill Edge, E*Trade or Schwab. Many investors these days are even gravitating towards apps like Robinhood, which appeal to the mobile and tech-savvy mindset of younger savers.
Every brokerage offers its own educational tools, which new investors should take full advantage of.
“Whatever platform you are using, there will be a comprehensive set of research to help you make the most informed decision possible,” says Aron Levine, Bank of America’s President of Preferred and Consumer Banking and Investments. “You have to educate yourself, because you don’t want to pick stocks based on the latest rumor in the news or what you heard in the hallways.”
How to buy stocks online
Before selecting a brokerage, do your due diligence and look into fee structures, like how much they charge you to make a trade. It could be zero — in other words commission-free — at some online brokers, or it could be a modest amount like $15 or $20.
Just keep in mind that if there are fees associated with trading, frequent buying and selling will eat into your overall returns. Even if those costs seem small at first, they can add up in a big way: In fact one well-known study found that frequent traders underperformed the broader market by 6.5%, largely because of trading costs.
Part of that market lagging is that individual investors are just not skilled at successfully timing the market. We react emotionally instead of rationally, buying when stock prices are too high and selling when they are too low. So for most investors, a Warren Buffett-like buy-and-hold strategy is usually the better way to go: Purchase shares in a company you believe in, at a reasonable price, and then leave it alone and watch it grow.
2. How to pick the right stocks
How do you go about deciding which shares to buy? That’s the million-dollar question, and an inherently personal one, to which no one can give you the answer. But two typical schools of investing thought are “growth” versus “value.”
Growth stocks tend to look more expensive when compared to their current earnings, but their future potential as an expanding business justifies the higher price. Think of prominent technology companies, which have typically looked very pricey in recent decades, but have grown by leaps and bounds – and rewarded investors handsomely.
“How much growth is anticipated, should be one of your very first considerations,” says TD Ameritrade’s Kealy. “You want to see future expected earnings that are well above the past, and to find that out you can research earnings estimates from company analysts.
“When looking for attractive investments, one conventional valuation metric is price relative to earnings (P/E ratio): How much share price am I spending, compared to future earnings?”
That’s where the alternate approach of “value” investing can come in. For any number of reasons – like a broader economic slowdown, or disappointing quarterly results, for instance — a stock may be beaten down at the moment, but as a result it is on sale. Snap up that discount, wait for a rebound, and you should be well-positioned for solid returns going forward.
Another key metric to consider is dividend payout. In that way stocks can be an ongoing source of income, especially for those nearing retirement who would like an additional stream of cash in addition to pensions or Social Security. The average yield of S&P 500 stocks is around 1.5%, but if you pick and choose wisely, many companies are offering 3% or more – which far exceeds what most fixed-income products are offering at the moment.
3. Sell stocks
If you do pick a stock winner, congratulations – but just remember that in taxable accounts, Uncle Sam will want his taste. Short-term gains are taxed at ordinary income rates, while longer-term holdings fall under the capital gains rates of 0%, 15% or 20%, depending on income level. There are no capital gains taxes for buying and selling within traditional IRAs, although eventual distributions are taxed as regular income. Roth IRA investment gains are entirely tax-free, since the initial contributions were after-tax.
Another caveat about investing in individual stocks: Even if you are talking about big, well-known companies, there is a fair amount of risk involved here. As we saw during the financial crisis of 2008-9, unexpected events can take down respected and long-standing firms – and if they crash out, your investment can go to zero.
“Especially in the last six months, there has been a big rush into equities, with young investors getting excited by single stocks,” cautions Bank of America’s Levine. “That creates a great deal of risk, because those investments can go rapidly up or down, with nothing to balance them out.”
One strategy to reduce risk can be to limit such speculative stock picking to a relatively small percentage of your portfolio, while devoting the rest to broader mutual funds and other asset classes like fixed income. That overall balance should steady the ship during market storms, and prevent dramatic swings and rash decisions.
You can also try your hand at stock picking by using a practice account, or what is called “paper trading”. TD Ameritrade, for instance, has a platform called Thinkorswim where new traders can get familiar with how the process works, without putting any actual money on the line.
“It’s basically Monopoly money, and you can see what plays out without it being a live account,” says Kealy. “It’s a good way to practice and build confidence, because education is so important for investors who are dipping their toes in for the first time.”
Richest Woman in Namibia
Who is the Richest Woman in Namibia
Monica Geingos is the richest woman in Namibia
Monica Geingos is a Namibian entrepreneur, lawyer, and First Lady of Namibia since 2015. She has been a board member and director within many of the country’s large companies. She had also chaired the Presidential Economic Advisory Council.
Geingos married the then-President-elect of Namibia, Hage Geingob, on February 14, 2015, shortly before he was sworn into office. She has served as First Lady since March 2015.
she was voted one of the 12 most influential people of Namibia, and in 2020 she was in the list of 100 most influential African women. Geingos is a graduate of the University of Namibia, and spent the early part of her career working for the Namibia Stock Exchange (NSX) in Windhoek. Geingos served as Chairman of the Board of eBank Namibia and is the managing director of the financial undertaking Stimulus, and General Director of Point Break.
Richest Woman in Namibia
Monica Geingos is arguably the richest woman in Namibia. She founded the Economy Foundation in 2016.
Promising to give away all her wealth – estimated at $3 million – to charity when she dies, Monica Geingos is on a mission to change the image of African first ladies and tackle sexism and inequality in Namibia, the world’s second most unequal country.
Geingos married Hage Geingob on Valentine’s Day in 2015 – a month before he was sworn in as president of the southern African desert nation, which gained independence from apartheid South Africa in 1990 but remains starkly unequal.
The couple then voluntarily declared their combined assets of some 110 million Namibian dollars ($7.44 million), a popular move in a continent where politicians and their wives, like Zimbabwe’s Grace Mugabe, grab headlines over unexplained riches.
About 6% of Namibia’s 2.5 million people are white. They dominate businesses and land ownership, a legacy of German and South African colonial rule, along with a growing black elite.
How to Make Money on Quora
Learn how to make money by asking questions on quora
Did you know you can make money just by asking relevant questions or giving useful answers to questions online?
We are about to show you how.
What is Quora ?
Quora is an American question-and-answer website where questions are asked, answered, followed, and edited by Internet users, either factually or in the form of opinions.
Today, the site gets almost 500 million views per month. this means the a great opportunity for anyone with an expertise in any field to make some real money.
There two main ways one can make money on the quora platform.
1 Quora’s Partner Program
The Quora Partner program is an invite-only system that will pay you real money for asking questions on Quora. That’s right- by just asking questions, you can potentially earn thousands of dollars every month. You don’t have to provide answers either- users of Quora will happily provide answers to your questions- you get paid based on the questions you ask. It sounds simple right? So how do you get an invite for this get-rich-quick scheme?
Unfortunately, Quora’s partner program is invite-only. That means, you have to be asked by Quora themselves to participate. They usually only ask users of their site who have been active in the past.
The is no real statistics on how one can qualify for this program. However, spending more time on the platform by answering questions and asking relevant questions can work a trick.
You can also qualify by updating you bio, and filling your profile info.
You get paid for asking questions because, quora will place ads on the page where your questions appear. The more people see your questions, the more you get paid.
Why is the Quora Partner program invite-only? Good question. It’s probably to help sustain the program. By allowing everyone to sign up to it, Quora’s moderators will have a harder job at filtering through all the junk questions and the overall quality of Quora questions will slowly go down
how to make money on quora
2 Affiliate Marketing
We spoke about the Quora partner program which is an invite only program, now if you are on the Quora platform but you are not invited, how do you make money?
Well you can search for questions relating to particular products you are familiar with, provide accurate and relevant answers to those questions and providing a link to your affiliate product, in that way when someone purchase something through your link, you get a commission.
Create a Business Profile
If you are a business owner seeking to get more customers for your products, you might want to make good use of the Quora business profile.
You can earn money this way by answering questions from your customers and linking them to your products. Also quora will place your business bio next to answers you provide on the platform thereby giving your business more exposure.
To create a business profile on quora, you can visit this link
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