WHY IT IS IMPORTANT FOR WORKING PROFESSIONALS TO FORM INVESTMENT CLUBS

 It is the desire of any working professional to improve their income. This is a daily discussion among working professionals whether in office or at lunch time. One of the secrets that working professionals who earn thrice their counterparts is that they leverage the numbers. They belong to groups where they pool resources and invest together. As a financial literacy trainer for the last over 7 years I have been in the space of advocating for working professionals to form groups so that they can invest nd learn together. It seems that it is part of human nature that people who unite are much likely to develop faster than those who work in isolation.

I know of a group of university students who formed an investment club in their final year and as we speak it is worth billions in investments. The members have greatly benefitted in belonging to an investment club. I know of another investment club that was formed by youths in a certain church and today it is a big cooperative that is changing lives.

In a nation where over 70% of the population is below 30 years there is a need to popularize the power of collective investment schemes such as investment clubs so that young people can learn to save and invest together. Today most leading banks such as Equity Bank have tailor made services for investment clubs. The youths can tap into such opportunities as they seek to improve the quality of their lives.

Investment is a risky venture and it is important that before a working professional invests their money they research carefully. There are so many cases of working professionals who have lost their money in fake investment schemes. With adequate research as an investment club, such cases can be minimized.

For individual and corporate financial literacy training contact:

Coach Phillip Kiryowa

Personal Finance Coach (CPC)

Certified Master Trainer, Bank of Uganda 

Founder, Advanced Empowerment Link

0752615916

For Financial Freedom and Sustainable Enterprises.

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