Mutual funds are one of the most common ways of investing, especially for monthly income earners in Nigeria. For more context, mutual funds are made up of a pool of money collected from many investors to invest in securities like bonds, money market instruments, stocks and other assets.
Most middle-class earners have remained in the confines of mutual funds because of the impression of “safety”. ' However, have you considered owning individual securities? Passfolio allows you to invest in US stocks for as little as $1.
Here are some of the reasons to consider investing in US stocks through Passfolio:
Through Passfolio Securities, you can buy as little as $1 of any stock because we allow fractional share investing (please see more info here). However, you typically need at least N2,000 to invest in mutual funds in Nigeria.
Generally, money market and bond funds are the most common mutual funds in Nigeria offered by most financial companies. Passfolio gives you access to over 3,800 stocks, ETFs and REITs from the American market.
Generally, stocks are more easily traded than mutual funds. However, unlike stocks that trade throughout the day, many mutual funds redemptions occur only at the end of each trading day.
With Passfolio, you have access to dividend-paying stocks where no fee is charged by Passfolio on the dividends received.
Investing in stocks can be volatile and involves risk, including loss of principal. Consider your circumstances before investing.
With Passfolio Securities, you can start investing in US stock with as little as $1 - all with no commission fees*. We make investing in US stocks accessible and even accept local deposit methods such as TEDs.
Investing involves risk, including the risk of loss.
* Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.
Please read important legal disclosures that apply to your relationship with Passfolio.
Passfolio is a San Francisco fintech company democratizing investment opportunities by creating a unified, global, and borderless investment market starting with the United States Stock Market.