3 Investments You Can Make With N5,000 and get 15% Interest and Above

2019 has been an intriguing year and December especially has had so many twists and turns, it has also brought with it lots of expenses and a lot of people are planning for next year because of this. By now you have probably been thinking of what January has in store. Most especially, a lot of people are looking at how the entire year will unfold financially. If you have indeed thought about the near future, you can plan to diversify your income. This means that you look for other ways to make money. Planning for the new year ideally should begin now. That being said, have you ever thought about making investments? A common misconception that people have is that investment is only for people with considerable access to resources. This is largely untrue. There are small scale investments that anyone can get into and actually accrue a positive ROI (Return On Investment). For the purpose of this article, we are going to look at 3(three) investment opportunities available to you with an initial investment on N5,000. The Custodian Lifetime Harvest The type of investment that The Custodian Lifetime Harvest offers is majorly known as a passive investment. In this scenario, you invest your money and all that is required of you is to keep tabs on the investment whenever you can and the financial institution handles the rest. It is targeted at small scale earners with little income they can afford to invest. You only have to save a fraction of your earnings on a weekly, monthly or yearly basis. Benefits 1. You get insurance with your investment 2. You are only required to have a minimum savings of N5,000 on a monthly basis. 3. You can get an interest rate of up to 18%. 4. You can be sure that your capital is kept safe Payouts are given every three years. ARM Mutual Funds This is another great investment opportunity for low-income earners. It is virtually risk-free and it does not have many restrictions to it. It is relatively a short term investment setup so it does not cater to huge payouts. With a portfolio catering to small scale investments, you are guaranteed regular payouts. Benefits 1. It carries an interest rate of 15.9% 2. Payouts are done on a quarterly basis 3. You can start with a N5,000 capital and can add as little as N1,000 whenever you want to. (FGN) Savings Bond The Federal Government of Nigeria launched a new retail investment programme through The Debt Management Office (DMO) of Nigeria, The initiative is called the (FGN) Savings Bond. The initiative was established to help Nigerians develop a saving culture, contribute to the development of Nigeria and give opportunities to get returns as dictated by the market. The FGN Savings Bond is very secure and virtually any Nigerian can get access to it. Benefits 1. Your coupon/interest from the Savings Bond is completely tax-free. 2. It helps you save towards your personal projects. 3. FGN Saving Bonds are traded as secondary market trades on The Nigerian Stock Exchange(NSE). 4. You can leverage the FGN Savings Bond as collateral for loans. 5. You can leverage the FGN Savings Bond as collateral for loans. 6. You can get your coupon/interest on a quarterly basis. Payment is made directly to your account. Investments are a solid way to accrue income for the future. Every investment carries its risks so when you finally make a decision on which one to go with, gather as much information as possible on the investment platform.