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FBNQuest Asset Management ABC of Investing

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Whether your dreams include buying a home, starting a business, or traveling the world, sound financial management is the key to turning these dreams into reality.

Personal finance is the comprehensive practice of managing your money in a way that aligns with your financial aspirations and goals.

This multifaceted discipline includes a variety of activities such as budgeting, saving, investing, and planning for retirement. Each of these components plays a crucial role in ensuring your financial stability and growth.

Budgeting in personal finance is the process of creating a plan to manage your income, expenses, and savings. It involves deciding in advance how you will allocate your money to cover various needs and goals.

Here are some key points about budgeting, Income and Expenses, Spending Control, Savings. Creating a budget can give you more control over your finances and help you achieve both short-term and long-term financial stability. Do you have any specific goals or areas you’d like to focus on in your budget?

Savings refers to the portion of your income that you set aside and do not spend immediately. This money is typically reserved for future use, such as emergencies, large purchases, or long-term goals like buying a house or retirement. cash idling in a savings account becomes wasteful because it loses purchasing power to inflation over time.

Instead, cash not tied up in an emergency should be placed in something that will help it maintain its value or grow, such as investments.

Investing is the act of allocating money into financial assets or ventures with the expectation of generating a profit or income over time. Investing can be a powerful tool for growing your wealth, but it’s important to understand the risks and do thorough research or consult with a financial advisor.

Planning for retirement in personal finance involves preparing financially for the period in your life when you will no longer be working full-time.

The goal is to ensure you have enough money saved and invested to maintain your desired lifestyle after you stop working. It’s never too early to start planning and seeking advice from a financial advisor can be very helpful.

Keep in mind that managing personal finances is an ongoing journey, not a single destination. The financial landscape is always evolving, and it’s crucial to stay informed and adaptable.

Continuously educating yourself about new financial strategies and adapting to changing circumstances will help you navigate this journey successfully. By doing so, you can ensure that your financial decisions are well-informed and aligned with your long-term goals.

Here are few steps to aid your journey into sound personal finance management.

  1. Access your Financial Health

Financial health refers to the overall condition of your financial situation, encompassing all actions that impact your monetary affairs. It’s important to recognize that everyone’s circumstances are unique, so it’s essential to tailor your assessment to your personal needs and goals. Financial health includes various aspects, such as:

  • Cash Balance: A growing cash balance indicates positive financial health.
  • Expenses and Debt: Monitor your expenses and debt, such as credit cards, mortgages, and loans. Aim for minimal fluctuations in expenses.
  • Savings and Net Worth: Assess your net worth—whether it’s positive or negative. Consider your savings, investments, and assets available for current or future use.
  • Investment Returns: Strong returns on investments contribute to financial health. Diversify your investments for stability.

To improve your financial health:

  • Assess your net worth                                          Pay down your debts
  • Create a budget you can stick to                         Build an emergency fund
  1. Understanding Investment basics

An investment involves using capital in the present to increase an asset’s value over time. It’s the act of allocating resources (usually money) with the expectation of generating income, profit, or gains.

When making an investment decision, an individual must consider some key factors; investment objective, risk and return, liquidity need and investment duration.

  • Investment Objective

An investment objective is a set of financial goals that guide an investor’s decisions regarding their investment. The objective of the investment defines the goal of an investment.

It could be Increasing the value of your investment over time (Growth), generating regular income from the investment (Income), Protecting the initial investment from loss or a combination of more than one.

Understanding your investment objective helps in creating a tailored investment strategy that aligns with your personal finance goal.

  • Risk and Returns

In personal finance, risk refers to the potential for losing some or all your investment. When considering risk, it’s important to understand both your willingness and ability to take risks. These two concepts help determine your overall risk tolerance.

Willingness to Take Risk

This is your personal comfort level with taking risks. It reflects your attitude and emotional response to potential losses and gains.

Some people are naturally more risk-averse, preferring safer investments, while others are more risk-tolerant and comfortable with the possibility of higher losses for the chance of higher returns.


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DLM Asset Management Partners Your Study Path on “School is an Asset” Webinar

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DLM Asset Management, a subsidiary of DLM Capital Group, in collaboration with Your Study Path, is excited to announce the “School is an Asset” webinar, scheduled for September 19, 2024.

This engaging virtual event will spotlight the crucial role of education as a foundation for a prosperous future and spotlight the Child Education Plan designed to help parents secure their children’s educational opportunities.

The “School is an Asset” webinar will emphasize that education is not just a path to personal success but a significant investment with lasting benefits for individuals, families, and communities.

As the world evolves, the importance of education in fostering personal and professional growth cannot be overstated. This event aims to inspire students and parents to fully embrace and leverage their educational opportunities.

We are pleased to feature an esteemed lineup of speakers, including Egunjobi Daniel Ololade, CEO of Your Study Path; ThankGod Ojabugbe, Portfolio Manager at DLM Asset Management; Goziem Nancy Idonor, Business Development Manger at DLM Capital Group; and Gbotemi Kolowale, Digital Marketer at DLM Capital Group.

Each speaker will provide valuable insights into the significance of education and discuss the Child Education Plan designed to assist parents in financially planning for their children’s education. Attendees will also have the opportunity to engage with the experts during live Q&A sessions to receive personalized advice and answers to their questions.

The webinar will take place on September 19, 2024, from 11:00 AM (WAT). It will be hosted virtually, and free registration is available here.  Join us for the “School is an Asset” webinar and take an essential step toward securing a brighter future through education.

 


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VCON 2024: QNET Boosts Wellness Products with Cutting-Edge Technology

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QNET, a leading brand in the global direct selling industry, has disclosed significant improvements to its health and wellness products, leveraging the latest advancements in technology.

This development was announced at the ongoing V-Malaysia Conference (VCON) at the Penang Spice Convention Center, Penang in Malaysia, marking QNET’s 26th anniversary and the beginning of a new business model to foster entrepreneurship, self-reliance, personal development, and contribute to the economic growth of communities.

With 8000 people from 30+ countries in attendance, including Nigeria, the company’s representatives demonstrated how the improved health and wellness products enhance the overall health benefits and user experience, which further highlighted QNET’s commitment to innovation, well-being and genuine products and services.

According to Techeconomy.ng, QNET has integrated advanced biotechnology and nanotechnology into its nutritional supplements and personal care products which were unveiled at the conference themed: ‘Unstoppable’.

Read Also: V-Convention Underscores QNET’s Commitment to Transparency and Accountability – Biram Fall

These upgrades are designed to improve bioavailability, ensuring that essential nutrients are absorbed more effectively by the body.

Some of the improved products QNET unveiled at V-Malaysia 2024 are; EDG3 Plus, Amezcua Bio Disc 3, Amezcua Chi Pendant 4 and Amezcua E-Guard X, while its lifestyle products include the Home Pure Nova and Home Pure Zayn.

EDG3 Plus is a mixed-berry flavored powder supplement that contains amino acids that the body uses to produce glutathione. Glutathione is said to protect DNA from free radicals, fight pathogens, and pollutants.

On the other hand, the Amezcua Chi Pendant 4 is a wearable wellness device designed to balance a wearer’s energy field and promote overall health.

While Amezcua products are not intended to diagnose, treat, cure, or prevent any disease, they are designed with Amezcua’s proprietary pendant technology to maintain specific frequencies that harmonize the wearer’s biofield.

The pendant is said to, among other things, support against stress, protect from electronic pollution, promote quality sleep, and enhance productivity and creativity.

Read Also: QNET Reaffirms Commitment to Adhere to Ethical Practices, Local Laws & Regulations

The Amezcua Bio Disc 3 is a product that is said to restructure water molecules and increase energy levels.

During the demonstration session, the QNET team said Amezcua Bio Disc 3 is part of a holistic approach to pain management that also includes the Bio Light 3, which is designed to provide natural pain relief.

According to QNET, the enhanced product line will[D2] , help boost energy levels in the body thereby improving mental clarity, physical endurance and overall wellness. The company’s focus on research and development ensures that its products are not only scientifically backed but also align with modern health trends.

During a media chat, Mr. Trevor Kuna, the chief marketing officer (CMO) of QNET, said that with a local presence in 30 countries and a multilingual global support centre servicing 12+ languages across 14 hubs worldwide, QNET ensures seamless experience for its vast network of distributors and customers.

The company also boasts of six global logistics hubs and more than 50 product stockists globally, “further solidifying our international footprint”, he said.

He described Africa as an important market for QNET, He said QNET is contributing towards community development and empowerment of entrepreneurs to make extra income through direct selling on the continent.

According to Kuna, QNET’s business model does not support a ‘get-rich-quick’ mentality, rather a resilient spirit to remain ‘unstoppable’ despite challenges.

Read Also: QNET Unveils Amezcua Bio Light 3 & Bio Disc 3 for Peak Athletic Performance

He said the company will continue to partner with local authorities to weed out people who do not comply with the company’s ethical marketing policies. This, he said, will ensure only genuine Independent Representatives (IRs) of QNET get to promote QNET products to the public.

“QNET is a global direct selling company that sells products and services in areas such as health and nutrition, personal care, home and living, travel and luxury, and education. QNET’s business model aims to foster entrepreneurship, self-reliance, personal development, and contribute to the economic growth of communities”, he explained.

VCON also witnessed the unveiling of QNET’s Watch and Jewellery brand “Bernhard H. Mayer’s” Serendipity Collection, featuring jewellery made from sustainable materials and the Limited-Edition Wave Rider watch, highlighting QNET’s commitment to sustainable luxury.


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Vale Finance Unveils New Business Banking App to Empower Nigerian Businesses

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Vale Finance has launched a new business banking web app. The app is designed to provide innovative financial solutions to empower businesses to thrive amidst the current economic landscape.

According to Sola Adeyinka, Managing Director and Co-founder of Vale Finance Limited, the company has positioned itself as a key partner to Nigerian businesses by launching the new web app. He noted that Vale Finance Limited became fully operational in January 2022 and has since demonstrated its resolve to be a bank that truly pays its customers.

Natasha Atirene, Head of Strategy, Innovation, and Products, emphasized that the Vale Business Banking app is designed to address the challenges faced by Nigerian businesses, particularly the lack of accessible financing options with competitive interest rates. She highlighted that the platform offers quick and easy access to low-interest loans, enabling businesses to secure the necessary capital for growth.

Ayodele Adebayo, Business Development Lead at Vale Finance Limited, stated that the company’s mission has always been to leverage technology to bring financial freedom to businesses and individuals. He added that the launch of Vale Business Banking is a crucial step towards empowering business owners across the country.

Segun Ojo, Chief Technology Officer and Co-founder, spoke about the app’s capabilities, stating that Vale Business Banking offers seamless transaction capabilities, ensuring that every business owner can manage their finances and customer interactions efficiently. He added that the web app provides a user-friendly interface, allowing businesses to easily register and set up accounts.

Patrick Osadebe, Director of Business Banking at Vale Finance Limited, concluded by saying that the launch is a testament to the company’s commitment to supporting Nigerian businesses. He emphasized that Vale Business Banking is providing businesses with the tools they need to overcome challenges and achieve sustained growth.

The Vale Business Banking web app is now available for registered businesses, marking a new era of financial empowerment for entrepreneurs across Nigeria.


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