There comes a time when you decide to allow your money to work for you, or a scenario where you could also be clueless on how to spend the large sums in your bank account. The easiest solution here would be to fall on investments, this way you can send your money out to trusted companies and have them send you dividends while also experiencing an increase in your stock price as the company succeeds.
Making investments sounds great; however, the issue/limitation people face is actually how to get started, where to put their money, or who to give it to, especially when it comes to investing in stocks that are not listed in their country’s stock exchange market. This is where specialized fintech platforms come into play.
The Nigerian Tech space has, in recent years, brought about the emergence of different Fintech platforms that have so far been able to bridge the gap between ambitious/optimistic investors and the international investment society. Especially the ones emanating from the United States of America.
Top Investment Apps in Nigeria To Earn Money
Below is a list of some highly recommended options that Nigerians can explore when they decide to venture into Investment.
1. Bamboo:
Bamboo has earned its spot as one of the top players rendering the service, allowing Nigerians access to a plethora of foreign stocks on a platform that allows easy monitoring and scaling.
On the mobile app, Bamboo offers access to a plethora of stocks, primarily from the United States, which happens to be one of the largest and most prosperous in the world. The Bamboo platform is designed to make accessing these foreign stocks very easy.
To get started, Bamboo makes registration very easy, requiring a few important particulars with a lower entry-level age for registration. Age may not be a barrier to you, however, the cost per stock for the majority of American companies is likely to be a strong barrier. Thankfully, Bamboo understands this and has made provision for such scenarios.
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Bamboo has a fractional investment plan that allows Nigerian investors to invest as little as 15,000 Naira in any stock. E.g., if the price for one unit of Tesla stock is $100 (The minimum you can invest), it means you would still be able to pay 15,000 naira to get a piece of the Tesla share, and dividend payments would be made according to the fraction of the share you purchased.
In regards to security of funds, Bamboo is insured with SPIC and FINRA meaning there is a measure of security in the event that things go south.
Download Bamboo on iOS | Android
2. Trove:
Another top and highly recommended service provider in the Nigerian tech for investment space is Trove.
The main mantra pushed by Trove is simplicity, as they appear to be on a mission to make investments easy for Nigerians to access. With this motive in place, intending investors are served with a platform that is easy to navigate. Inside this platform, you would also find a portal to an investment course that demystifies the concept of investment and how to go about making it profitable.
To take guidance up a notch, Trove doesn’t just provide tutorials for investing, but they also allow users to copy the portfolio of successful investors, that’s you get to see the companies and industries successful investors have placed their money and in turn invest your own money there, in a bid to increase your chances of success.
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Away from the tutorial side of making investment easy, Trove provides world-class tools such as a technical summary, market quotes, and lots more.
Above all, Trove allows its users access to foreign stocks not listed in Nigeria, which is a big win, because Nigerians wouldn’t be limited to the stocks only available on the NGX.
Download Trove on iOS | Android
3. RiseVest:
Get ready to improve your finances with RiseVest. Like the aforementioned, the platform is designed to bridge the gap between Nigerian investors and stocks from the United States.
RiseVest has so well-designed its platform that you can see how wealthy you want to be in the future after retirement, and it will go ahead to craft a plan which will enable attain that level of wealth in the future. This feature places Risevest in a spot where it can be characterized as having the features to help you plan for your retirement.
In a similar fashion to Trove, RiseVest offers quality educational materials, designed to help newbies learn the science of making investments in stock. Risevest connects its users with experts for guidance, You can chat with them or book a session for more clarity.
Like Bamboo, Risevest doesn’t require you to invest the full price of stock, but rather, you can invest as low as $10 to get a share of the stock.
Download RiseVest on iOS | Android
Wrapping up – There you have it – a comprehensive list of the best investment apps in Nigeria. They may not be many in number; however, be assured that the recommended provisions in this article are trusted and would be efficient in helping you build