Knowing your why before taking a step to investing is really important and it helps you make the right decision. I have learnt the difference between saving and investing and why I should have a separate account for an emergency fund. Its important to conduct a due diligence before investing in any project. Building long term wealth should be my ultimate goal.
Sserubira Elizmas Country UGANDA COHORT 9 I HAVE learnt that,I should only invest what I can afford to loose and that I should also never invest in what I don't understand
Carol Zulu Zambia Corhot 29 What I learnt in this module is that investment is a skill that requires patience and knowledge we need to understand what the importance of investment and growing wealth
Full Name: Samuel Frank Country: Malawi Cohort: 26 Certification: Certified Micro-Investment Consultant (CMIC)
Summary of what I learned:
My experience with the Certified Micro Investment Consultant program, The program has taught me about some investing basics and why it's essential to be well informed regarding any financial choice. saving and investing are different, one is for safety and the other for wealth building, learnt also how risks and returns affect decisions related to the investments, and why planning is necessary for achieving short and long term goals.
I have also been empowered with the portfolio management and community investment approaches, which helped me learn about risk reduction through diversifying investments and community cooperation aimed at easing entrepreneurial opportunities and financial access .I have gained some advisory skills that include successful communication, listening skills, tolerance, understanding the cultural differences and guidance in ethical aspects of finances.
This program in synopsis has really equipped me with a thorough understanding on how to approach and advise people on savings, investment, planning, budgeting, market research, cooperating and diversifying ventures.
What I learnt from the first topic is first understanding what investing is, Investing isn't saving but growing wealth. Understanding what investment to undertake, the risks involved in the investment how risk can be mitigated if possible and never forgetting your Why factor which helps identify they suitable and right investment for an individual.
Full name: Virginia Kurambwi Country Zimbabwe Cohort 35 The biggest lesson is that saving protects your money, while investing gives your money an opportunity to grow. However, investing is not about simply chasing the highest returns. It is about understanding risk, inflation, compound growth, time and your financial goals and making informed decisions. In short..Start early, invest consistently, understand the risks and give your money enough time to compound.
Knowing your why before taking a step to investing is really important and it helps you make the right decision. I have learnt the difference between saving and investing and why I should have a separate account for an emergency fund. Its important to conduct a due diligence before investing in any project. Building long term wealth should be my ultimate goal.
ReplyDeleteSserubira Elizmas
ReplyDeleteCountry UGANDA
COHORT 9
I HAVE learnt that,I should only invest what I can afford to loose and that I should also never invest in what I don't understand
Carol Zulu
ReplyDeleteZambia
Corhot 29
What I learnt in this module is that investment is a skill that requires patience and knowledge we need to understand what the importance of investment and growing wealth
Full Name: Samuel Frank
ReplyDeleteCountry: Malawi
Cohort: 26
Certification: Certified Micro-Investment Consultant (CMIC)
Summary of what I learned:
My experience with the Certified Micro Investment Consultant program, The program has taught me about some investing basics and why it's essential to be well informed regarding any financial choice. saving and investing are different, one is for safety and the other for wealth building, learnt also how risks and returns affect decisions related to the investments, and why planning is necessary for achieving short and long term goals.
I have also been empowered with the portfolio management and community investment approaches, which helped me learn about risk reduction through diversifying investments and community cooperation aimed at easing entrepreneurial opportunities and financial access .I have gained some advisory skills that include successful communication, listening skills, tolerance, understanding the cultural differences and guidance in ethical aspects of finances.
This program in synopsis has really equipped me with a thorough understanding on how to approach and advise people on savings, investment, planning, budgeting, market research, cooperating and diversifying ventures.
Full Name: Chikondi Zulu
ReplyDeleteCohort: 35
Country: Zambia
Certification: Certified Micro -Investment consultant (CMIC)
Topic 1: Mastering Fundamentals.
What I learnt from the first topic is first understanding what investing is, Investing isn't saving but growing wealth.
Understanding what investment to undertake, the risks involved in the investment how risk can be mitigated if possible and never forgetting your Why factor which helps identify they suitable and right investment for an individual.
Full name: Virginia Kurambwi
ReplyDeleteCountry Zimbabwe
Cohort 35
The biggest lesson is that saving protects your money, while investing gives your money an opportunity to grow. However, investing is not about simply chasing the highest returns. It is about understanding risk, inflation, compound growth, time and your financial goals and making informed decisions.
In short..Start early, invest consistently, understand the risks and give your money enough time to compound.