Inflation is a complex economic occurrence that happens when purchasing power declines and the price of goods and services goes up.
Inflation silently chips away at your savings, diminishing their value over time. However, there’s a way to not just protect your wealth but potentially grow it: investing.
By putting your money into assets like stocks, bonds, or real estate, you can earn returns that outpace inflation, preserving and increasing your purchasing power over time.
Bamboo is a great platform to start your investment journey. This post will walk you through the step-by-step process to get started. I will show you how to invest in stocks with Bamboo from Nigeria.
Before proceeding, check out our previous post where we outlined the comprehensive details on trading Nigeria stocks and Treasury bills.
NB: Posts on Ftalk may contain promotional links and we might earn commissions from them.
Why should you bother investing?
Investing is an effective way to put your money to work and potentially build wealth. Smart investing allows your money to outpace inflation and increase in value.
When you invest, you put your money to work with the hope that over time, it will generate an income and grow. In simple terms, investment is all about making your money work for you. This can happen in two ways:
- An investment may generate income for you. For example, you may receive dividends on your shares, coupon interest income from bonds or rental income from the property that you lease/rent out.
- An investment may grow in value over time, allowing you to make a profit when you sell. This is often referred to as a “capital gain”. For example, if you may purchase an asset at a certain price and after a number of years you sell at a higher price, then the profit that you make is called “capital gains”.
Overall, the income and capital gains you receive from your investment can be much higher than the interest from bank deposits, which means you accumulate wealth faster. Of course, the faster you accumulate wealth, the sooner you get to achieve your financial goals.
Savings alone wont make you rich
Saving is awesome, and i believe is a fundamental when it comes to growing wealth. However, savings alone can not build wealth.
Inflation erodes the purchasing power of money over time. When prices rise, the same amount of money buys fewer goods and services. This means that the value of savings decreases over time if they are not growing at a rate that outpaces inflation.
On the other hand, investing allows your money to potentially grow at a rate higher than inflation, preserving and even increasing its purchasing power. By investing in assets like stocks, bonds, real estate, or mutual funds, you have the opportunity to earn returns that outpace inflation, thereby protecting your wealth and helping it grow over the long term. You can easily do this using Bamboo.
What is bamboo ?
Bamboo is an investment platform that helps you access smarter investment options and earn returns. Bamboo make investing simple, accessible and affordable.
With Bamboo, you can invest in:
- The U.S. stock market: Buy shares and become a part-owner of global companies such as Apple, Microsoft and many more.
- Bamboo Fixed Returns: A fixed-income dollar-denominated investment that gives you up to 8% annual returns. Which is available for it’s Nigeria User.
Exchange Traded Funds (ETFs):Want to quickly diversify your portfolio? Unsure what stocks to buy? Want to follow an index like the S&P 500 that tracks the US economy? ETF got you covered.
Why Bamboo?
Bamboo provide an easy way to access smarter investment options and earn real returns, making investing simple, accessible and affordable. Also your our US stocks investment portfolio is insured by the United States SIPC up to $500,000.
Bamboo helps you to bypass the whole stress of dealing with brokers directly as it is the link between you – the investor, and the broker. It simplifies and makes the process more efficient for all parties involved.
Bamboo currently has over 3,000 stocks available. You also have the ability to invest in ETFs and Fixed return assests.
How do I invest in stocks with Bamboo?
If you don’t have the app yet, please visit your Android or iOS app store, and search for ‘Bamboo: Invest. Trade. Earn.’ and download the app. Or click here to get started with the registration right away
Once downloaded, open the app and click ‘Start Building Wealth’ to sign up. And use oladipupo42738 as referral code during the registration to enjoy the welcome bonus.
After signing up, you can deposit money in your Bamboo wallet to get started with your investment journey.
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How much do I need to Invest in stocks with Bamboo?
The minimum investment amount for Nigeria is $2. Bamboo allows you to buy shares in fractions so even if you don’t want to buy 1 whole share, you can buy less. You can buy any stock with any amount you wish to, regardless of the share price.
However, you will need to have money in your Bamboo wallet with which you can start investing in Fixed Returns or stocks. The minimum amount you can deposit in your wallet is $1 for Nigeria.
How do I deposit money into my Bamboo wallet?
Please follow the steps below to make a deposit:
- On the homepage, click on the ‘+’ sign beside ‘Your Total Wealth’ on your
- Choose which of your ‘Bamboo Wallets’ you wish to deposit into: USD Wallet or NGN Wallet.
- Type in the amount depending on the currency selected then click the ‘Deposit icon’. There is a $1 minimum per deposit for Nigeria. The equivalent of this in your local currency will be dependent on the exchange rate at the time of depositing.
- Choose your preferred funding option and follow the on-screen instructions.
- Deposits reflect instantly in your Bamboo wallet but may take up to 1 hour.
You will receive an email notification once the deposit is reflected in your wallet.
Please check the homepage and scroll down to your ‘Bamboo Wallets’ to view the funds deposited.
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How to pick rewardable stocks on bamboo?
When you’re choosing stocks, think about the basics. Look for companies that are doing well financially – growing revenue, making good profits, and not drowning in debt. Also, check out what makes the company special compared to its rivals.
Consider what’s happening in the industry and if there are any big trends driving growth. But don’t put all your eggs in one basket – spread your investments across different types of companies/stocks Read more on stocks here.
And don’t forget about the price. Even if a company is awesome, if its stock is too expensive, it might not be worth buying. Aim for stocks that are priced fairly or even on sale compared to what they’re worth.
By keeping these things in mind, you can make smarter choices when you’re picking stocks on Bamboo. It’s all about building a diverse portfolio that could bring in some solid returns.
Always think long-term, that is usually the difference investment and gamble.
How do I withdraw money to my bank account?
On the Bamboo homepage, under ‘Bamboo Wallets’, click on the wallet you want to withdraw from.
Click the withdraw button.
- Type in the amount to be withdrawn and click ‘Proceed’.
- Select the already saved account details you want the funds transferred to, and input your transaction PIN.
- You can also add a new bank account number. Please note that the new bank account will require verification from our compliance team. Also, note that we do not honor third-party withdrawals.
- For Nigerian users, withdrawals below ₦500,000 will reflect instantly if they meet certain criteria, otherwise, they will be processed within 2-3 business days in Naira bank accounts.
- USD/foreign bank account withdrawals reflect within 5-7 business days.
You can only withdraw money from a sale after the sale has settled; it takes two business days for a sale to settle and for the funds from the sale to become available for withdrawal.
What is a Fixed Returns investment on Bamboo?
Fixed interest is another way you can invest with Bamboo. Bamboo offers a fixed-income dollar-denominated investment that gives you up to 8% USD annual returns. It takes the risk out of investing while exposing you to all the benefits of being invested, including higher yields than regular dollar savings accounts.
With Bamboo Fixed Returns you can deposit and lock your money for anywhere between 90 days to a year. You can also create as many fixed-return investments as you want. This particular option is available for its Nigerian User.
How do I make profit when I invest in stocks with Bamboo?
There are three primary ways to earn money from investing on Bamboo:
- Capital Appreciation
When you buy shares and you sell the shares at a higher price than when you bought them. This is known as capital appreciation. For example, if you buy shares at $305, and the share price goes up to $390 and you sell the shares, you have made $85. Making profit is dependent on the rise and fall of share prices on the stock market.
- Dividends
When a company whose shares you have bought, distributes dividends (a company may distribute profits to its shareholders by declaring partial or full dividends). Companies pay dividends from the profit they make within a period, or when they sell an asset. Not all companies pay dividends.
- Fixed Returns (NIGERIA ONLY)
You can invest in Bamboo Fixed Returns — a fixed-income dollar-denominated investment that gives you up to 8% USD annual returns. With Bamboo Fixed Returns, you can deposit and lock your money for anywhere between 90 days to a year and earn up to 8% returns without lifting a finger.
Conclusion
To sum it up, getting started with investing on Bamboo in Nigeria is a wise move for your money’s future. Follow the steps we’ve laid out in this guide, and you’ll be all set to invest in stocks with bamboo.
Bamboo gives you access to lots of different stocks, so you can spread out your investments and lower your risks. Remember, investing takes time and attention, but with Bamboo, you’ve got a great tool to help you grow your money and reach your financial goals. So, don’t wait any longer – start your investing journey today with Bamboo!
Disclaimer: Investing carries risk, including potential loss of principal. Values may fluctuate, and past performance doesn’t guarantee future results. Before investing, consider your financial situation, objectives, and risk tolerance, and consult a financial advisor. Information on this blog is for education only.
If you are looking for a more risk tolerant investment, Read this post on how to Start investing on Treasury bill
Userful links
- https://faq.investbamboo.com/en/articles/6882313-how-to-sign-up-on-bamboo
- https://faq.investbamboo.com/en/articles/6891864-how-do-i-transfer-my-shares-from-another-platform-to-bamboo
- https://faq.investbamboo.com/en/articles/3430388-how-do-i-deposit-money-into-my-bamboo-wallet
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Till next time.
Cheers ❤️
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