Tope Adu, PMP@ADUOLUWATOPE
This @compoundinnaira ₦100m investment portfolio is why people should take their investment journey seriously, so you’re not struggling to feed yourself in old age. If you read the story carefully, he never had a million Naira to deposit in his brokerage account at a time, he added to his brokerage account in bits.
Let me share real-life examples, starting with myself.
Shortly after I got married, I had no fresh income for 9 months. Why? A lot of the contracts i was on expired about the same time. No new contracts. We practically survived that period on my investments and dividends. That experience made it clear I was never going to abandon investing.
In 2015, my wife sent me our child’s hospital bill from the U.S. I was in South Africa at the time, battling it out with NU Unlimited on a project. I had planned for the bill based on the cash I had. Suddenly, the dollar moved from ₦250 to ₦520 the following week. I sold my position in Mobil to cover the bill and other incidentals. Once again, my investments came through.
A friend of mine lost his dad and got admission into a U.S. university that same year for his master’s program. His late dad had bought 20,000 units of Nestlé shares at less than ₦40 several years ago. Those shares were sold to pay his fees. Today, he’s in the U.S. Marines.
Don’t be deceived, don’t wait until you earn big. Start with whatever you have and stay consistent. Keep adding to it.
My first investment was 2,000 units of a First Bank public offer at ₦33. That's ₦66k total. I knew nothing about stocks at the time. Staff were given targets so i bought the shares to help my friend working in the bank at the time. But I didn’t stop there. Every month, I wrote a cheque, ₦5k, ₦20k, ₦50k, ₦100k and took it to my broker in Ikoyi. Friends in banking and others earning well laughed and said it was a waste of time.
One of them ran into financial difficulty in 2024. I gave him half of my interim dividend that month and reminded him that the money came from the same “stock investment” he dismissed years ago. @gentlemanway007 this paragraph would have been my response to that your tweet.
