The most common advice I give beginners is to protect their investments from themselves.
I think this is partly why older people have long recommended real estate as a first investment. You can’t check the price daily, and you can’t wake up and flip it on a whim.
For many workers, a pension ends up being their best-performing asset because it’s largely out of their reach.
Trading, on the other hand, is a no-go for beginners. It brings all of you into play, and you’ll quickly learn you can’t be trusted with your own money, given how fast you can lose it.
I started a company with one overarching rule: every kobo that goes in stays in, compounding. It has been my best-performing venture.
The highest volatility in any investment is the investor. Protect your investment from it.
– Osasu Oviawe