Financewise

LAST week, we defined Portfolio Allocation and got some interesting feedback. The point to note is that, many of us already have different asset classes in our investment portfolios, so we have inadvertently done some form of portfolio…

This week we are returning to the basics and redefining some common investment concepts.Passive Income is income from Investment Assets. After the initial efforts used in making the investment, not much additional effort is required…

These certainly are uncertain times. Inflation is on the upward swing. VAT increase is now effective. There are rumours of removal of petrol subsidy. The price of electricity is scheduled to increase in April. The Central Bank is having…

Every well run business is expected to prepare its Accounts (Financial Statements) periodically. These accounts are essential for appraising its performance and guiding its management on how to move the business forward. In business…

With the recent increase in the VAT rate, there is a lot of buzz about our tax obligations. This is underscored by the new policy requiring every bank account owner to have a Tax Identification Number (TIN). This implies that our bank…

Happy new year to all our readers. May the new year be prosperous for us in every way.For the Nigerian investor, the investment climate is quite challenging. Value Added Tax will soon go up on most of our favourite goods and services.…

Last week, we appraised our stewardship this year. This week, we will look ahead and prepare for the 20s. Whether we have been financially responsible in 2019 or not, we can do much better in 2020 and the incoming decade. However, for next…

WE are already in December. A new decade, the twenties, beckons. As this year draws to a close it is vital to take stock  of how one has fared and plan towards the new year. Many of us have made new year resolutions in the past and have…

As we plan our financial future, there are obstacles that pose risks to our financial well-being and prosperity. Life is full of surprises and the financially intelligent are wise enough to proactively cater for unpleasant surprises and…

Black Friday is the day after the US Thanksgiving Holiday. It is the first day of the shopping season that traditionally ends on Christmas Eve. Retailers traditionally slash the prices of merchandize and shoppers go into a frenzy trying to…