The coronavirus pandemic has affected every economy across the globe and left many uncertain about their financial future.
With many losing their jobs and prior investments, it is hard to know where to put one’s money during this period.
We have listed five possible investment options for Nigerians to consider in 2020.
Investors should consider looking at choice stocks in the Nigerian and foreign stock exchanges, as well as investments in money market instruments where some decent profits can be made. It is advisable to track liquid stocks, have good financials and good corporate governance, to limit risks borne by investors. The valuation of the shares could be done by comparing stock value and earnings per share.
The agric sector has witnessed a boom during the COVID-19 pandemic and the reason is not farfetched, food is an essential commodity. Investors should look at putting their money in crowdsourcing platforms, after which they can sit back and watch their funds grow over a period of 5 months to a year.
Now is a now good time than ever to invest in foreign currencies and crypto-currencies to balance one’s portfolios. Taking a look at the foremost cryptocurrency, one can see that Bitcoin has maintained a steady appreciation over the last decade giving investors high yields. Although the market is highly speculative and unregulated, its high returns and high risk indicate that investors with high-risk appetites could find the market more attractive.
The pandemic has caused a boom in the medical field so if you are looking at making some quality investments, looking at the healthcare sector is not a bad idea. You can invest in businesses that deal with medical supplies and the likes.
One of the challenges that the pandemic has brought with it is the need for social distancing in a bid to spread the curb of the virus. With everyone trying to stay safe, e-commerce platforms have witnessed a surge in sales, and throwing your money into that line will yield returns.