Types of Investments for beginners (No Finance Degree Needed)
Alright dear, now that we've talked about how to start investing. Let's talk about what you can actually invest in. Because investing without without explaining the options is giving... finance bro energy, and we're better than that. So here's your no stress guide to the main types of investments you'll hear about and what they actually mean for people like us who want to build wealth without crying into our bank accounts. 1. Mutual Funds/ Unit Trusts aka: " the chill no stress group project of investing" In here, you put your money in the fund, can be via buying units of the fund or just depositing money and the fund manager spreads it across a number of assets like shares, bonds and other securities. You don't do anything yourself, you just let the pros do the work for you. Good For; 1. Beginners 2. People who want low effort investing and low risk 3. If you want to start small. Some funds minimum investment entry is as low as TZS 10,000 and have ...