Best answer: What is the best investment for monthly income in Nigeria?

What is the best investment to get monthly income?

Best Investment Plan for Monthly Income

  • Post Office Monthly Income Scheme.
  • Government Bond.
  • Corporate Deposits.
  • Monthly Income Plan.
  • Senior Citizen Savings Scheme. Related Articles.

19.04.2021

Which investments have the best returns in Nigeria?

Here are the most lucrative investment opportunities in Nigeria:

  1. Agriculture. Nigeria’s population is estimated to be over 200 million. …
  2. Real Estate. Real Estate in one of the most profitable investment opportunities in Nigeria. …
  3. Oil and Gas. …
  4. Mining. …
  5. Manufacturing Industry. …
  6. FGN Savings Bond. …
  7. Stocks. …
  8. Fixed deposit.

How much money do I need to invest to make $3000 a month?

By this calculation, to get $3,000 a month, you would need to invest around $108,000 in a revenue-generating online business. Here’s how the math works: A business generating $3,000 a month is generating $36,000 a year ($3,000 x 12 months).

IT IS INTERESTING:  Quick Answer: How many local government are there in Niger Republic?

How much money do I need to invest to make $1 000 a month?

So it’s probably not the answer you were looking for because even with those high-yield investments, it’s going to take at least $100,000 invested to generate $1,000 a month. For most reliable stocks, it’s closer to double that to create a thousand dollars in monthly income.

How much money do I need to invest to make 2000 a month?

To cover each month of the year, you need to buy at least 3 different stocks. If each payment is $2000, you’ll need to invest in enough shares to earn $8,000 per year from each company. To estimate how you’ll need to invest per stock, divide $8,000 by 3%, which results in a holding value of $266,667.

How much do I need to invest to make 500 a month?

To make $500 a month in dividends you’ll need to invest between $171,429 and $240,000, with an average portfolio of $200,000. The actual amount of money you’ll need to invest in creating a $500 per month in dividends portfolio depends on the dividend yield of the stocks you buy.

How can I double my money in Nigeria?

Below are some carefully selected ways you can double your money in Nigeria.

  1. Put your assets to work:
  2. Buy shares:
  3. Dividend re-investment:
  4. Federal Government of Nigeria (FGN) bonds:
  5. Forex trading:
  6. Cryptocurrency trading:
  7. Cryptocurrency investment platforms:
  8. Setting up a side hustle:

Where should I invest money to get good returns?

For those looking to get higher returns on their savings, here’s a list of the best investment options for you to make your wealth grow.

  • Saving Account.
  • Liquid Funds.
  • Short-Term & Ultra Short-Term Funds.
  • Equity Linked Saving Schemes (ELSS)
  • Fixed Deposit.
  • Fixed Maturity Plans.
  • Treasury Bills.
  • Gold.
IT IS INTERESTING:  You asked: What is the dominant religion in Kenya?

Who is the best company to invest money with?

The Best Investment Firms:

  • Best for Personal Finance: Vanguard Personal Advisor Services.
  • Best for ETFs: Charles Schwab.
  • Best for Art Investments: Masterworks.
  • Best for Goal Tracking: Merrill Edge.
  • Best for IRAs: Fidelity Investments.
  • Best for Low-Cost Advising: Facet Wealth.

How much is 3000 a month per year?

Converting $36,000 a year in another time unit

Conversion Unit
Monthly salary $36,000 a year is $3,000 per month
Biweekly salary $36,000 a year is $1,385 per 2 weeks
Weekly salary $36,000 a year is $692 per week
Daily salary $36,000 a year is $138.46 per day

How can I make 3000 a month from home?

If you leverage two or three of these money making methods, there’s no reason why you can’t make $3000 a month.

  1. Complete Online Surveys.
  2. Work as a Proofreader.
  3. Nielsen Application.
  4. Set up an E-Commerce Business.
  5. Work Remotely From Home.
  6. Affiliate Marketing.
  7. Run and Monetize a Blog.
  8. Test Websites.

Is $3000 a month good?

While you’ve given no points of reference, I would say $3,000 a month is a great income, a nice round figure. When I was in high school, I dreamt often of making $3,000 a month, which would be nearly double the national median income at the time. Major CEOs were only making about $8,000 a month.

How can I make 1000 a month?

26 Ways to Make an Extra $1,000 a Month

  1. Freelance Writing. I’m going to start with a method that’s near and dear to my heart. …
  2. Graphic Design. …
  3. Web Development. …
  4. Audio Transcription. …
  5. Helping People with Computers. …
  6. Investing Your Money. …
  7. Selling Your Old Stuff. …
  8. Retail Arbitrage.
IT IS INTERESTING:  What is Zimbabwe doing about climate change?

Can I retire on $10000 a month?

If you’d like to retire early and have $10,000 per month, you’ll need a solid plan — and perhaps a little bit of luck as well. After all, to sustainably generate $10,000 per month, you’ll need a portfolio with millions of dollars in it.

Can I retire on 4000 a month?

Retiring on $4,000 a month will give the average American plenty of options for a fulfilling retirement—and leave some room to splurge on the grandkids and travel.

Hai Afrika!