The Ponzi scheme, MMM might be dead and buried, but market watchers have predicted another might spring up soon in time, and warned Nigerians must beware not to fall victim.
Mrs. Nimi Akinkugbe, 23-years experienced banker, speaking on “Personal Wealth Management” at The Platform on May Day urged Nigerians need to make good decisions on financial management.
Where you have investments that return 18% per annum and you get an offer that returns 30% per month, what you do is, run, Akinkugbe said.
She further stated that investing is a conscious decision for the future and stressed individual investors must diversify investments across sectors and across currencies to curtail uncertainties.
In her final analysis, she said planning, saving, investing and giving are the core factors to consider in developing a best personal financial profile; and emphasized life is not measured in naira and dollars.
“After you have built wealth, protect your properties with insurance,” Akinkugbe said conclusively.