EVERYONE SHOULD HAVE FOUR STREAMS OF INCOME(PART 3)
STREAM THREE. THE PAPER ASSET STREAM
The most reliable, sustainable investment scheme is still the stock market. Investing in stocks is investing in paper assets.And yes the stock market has had its down turns but it is still the most reliable place to put in your investment for a long time. Even the Nigerian stock exchange is strong and has lasted for more than 40 years. Billions still exchange hands every single day in the Nigerian stock exchange. There are people who earn yearly dividends from their stocks. There are others who buy and sell stocks and bonds in the stock market every single day.
Do you have shares in any company?
So only recently I got interested in what is called penny stocks. Rather than look out for big companies, I buy shares from small companies whose value are as low N1 per share. At N1 today, they can shoot up in value to N4 in 3 days. So if I invested N1 Million for 1 million shares. In days, we are talking about N4 Million.That is about 400% increase. What I do is buy cheap stocks and sell high. Now that is by far bigger than the so-called MMM ROI promise. Do your check on what penny stocks is. Of course you need an intelligent stock broker to guide you.
OK let me not belabour you with stock market terms. Yet again it is smart to understand its workings and to profit from it.