Aduragbemi Omiyale
By Aduragbemi Omiyale
Investors have been urged to consider using the services of wealth advisors, as they are trained to assist their clients in making informed investment decisions.
This was the opinion of some financial market experts present at a virtual event put together by DLM Asset Management Limited some weeks ago.
The webinar tagged Grow your Cash Flow and Finish Strong in 2023 was anchored by the chief executive of Money Africa, Ms Oluwatosin Olaseinde, and had a few experts in attendance.
The one-hour programme covered critical issues affecting the Nigerian economy, such as the removal of fuel subsidies and the unification of foreign exchange (FX) segments. It also highlighted the various wealth creation strategies that participants could adopt to thrive in a challenging economy.
The panellists explained in greater detail how participants could implement these strategies to optimize their efficiency as they grow and sustain their wealth at these critical times. Adopting the right lifestyle and expanding one’s income stream was emphasized.
Consequently, the fixed-income fund, which has an average yield of 15 per cent, was noted as one important investment product that investors and participants can leverage to expand their income streams or cash flow.
Also, the DLM High-Interest Invest Plan (HIIP), which gives investors the opportunity to earn up to 19 per cent interest, was pointed out as a very important investment product that could help investors achieve their money goals in 2023 without many hassles.
Furthermore, the importance of planning and budgeting was well explained by the panellists, especially with the use of the DLM Target Date Plan (TDP) to achieve short-term, mid-term, and long-term goals was also discussed.
Investors were lectured on the importance of having a dedicated wealth advisor and the need to rebalance their portfolios at these critical times.
Speaking on these strategies, the Head of Asset Management at DLM Asset Management Limited, Mr George Aniegbunem, enlightened attendees on the importance of financial discipline, planning, budgeting, and investing in challenging times.
“Planning and budgeting are critical strategies for Nigerians right now, as the Nigerian economy remains volatile even as the new government begins to develop new policy frameworks that will enable them to deliver their campaign promises to the electorates.
“In fact, as new policies are developed and implemented, the best way to maintain stability in your personal finances is to plan every other day and keep your ears open to viable market information.
“This is because policies are critical factors that will determine how businesses and other economic activities will run. In all, keep investing to increase your cash flow,” he said.
