Investing involves allocating money, capital, or resources towards projects, endeavours, financial instruments, etc., with the expectation of generating income, gains, or profit. Investing is a great way to build up your finances and grow your wealth, and in this article, we will discuss the basics of investing.

Investing can take several forms, including investing in stocks, bonds, mutual funds, real estate, etc. with the goal of generating positive returns over time.

Factors to consider before investing

1. Your income
2. Your financial goals
3. The amount of financial risk you are willing to take
4. The amount of money you have to invest

Here are 5 tips to help you in your investment journey;

1. Start investing as early as possible

Regular investments early in life can reap huge benefits in the long run. If you start early, you give your money enough time to generate wealth, and it also helps you develop your financial knowledge and build your financial stability for the future. Investing early does not only help you build wealth, but it also secures a nest egg for when it’s time to retire.

2. Decide how much to invest

Determine how much money you can invest based on factors such as your financial situation and circumstance, your income level, your expenditure etc.

3. Define your risk tolerance

Define your tolerance for risk, which is the chance that you may lose money while investing.

4. Determine the assets you want to invest in and diversify your investments

There are various assets which you can invest in, which include stocks, bonds, exchange-traded funds (ETFs), index funds, mutual funds, crypto, real estate, etc. Diversification is a strategy that involves investing in various assets. By doing so, you’re not putting all of your eggs in one basket, which helps you reduce your overall risk and maximize the overall return on your investment.

5.Define an investment strategy

Define your financial goals and periodically review your goals to make sure you’re achieving them and map out a financial plan for yourself.

This allows you to effectively strategize and plan for the future, knowing how much you could save daily, weekly or monthly.

The risk of investing

Investing involves some level of risk, and the value of your investment may not increase over time which can lead to you losing your money. Knowing how to manage your risk as an investor to achieve your financial goals is critical. You should not invest all your money or savings but only allocate a certain amount of your income and know why you want to invest.

Having a financial advisor can also help you in making investment decisions and developing a sound investing plan tailored to your needs

Investing is a great way to build up your finances, and it’s important to plan, research and understand the risks before you start investing.

Clipp yield is the best feature that allows you to easily invest money in the long run and get a 7% annual interest. You can start with as little as $30 and be able to build up your finances and in no time achieve your financial goals.

Care Personnel — Melissa-Jane Akorah

How did you hear about Clipp?

I heard about Clipp through Paul Akubo, before it launched. He told me about it, so when it came out I checked Clipp out.

What do you use the Clipp app for?

I use the Clipp app for emergency savings, that’s the Clipp yield, and also for conversions.

What made you choose Clipp for your savings and conversions?

I liked the fact that I was able to convert money myself without having to go to the bank or to find a malam to exchange my dollars and also the 7% annual interest that Clipp yield gives and that’s a very good feature. I also like the fact that I’m able to convert my money because Naira doesn’t have value anymore so it doesn’t make sense saving in naira. The ability for me to save in another currency and also get interest on that money is really cool.

For the currency conversion, is there anything you like specifically about the feature?

I haven’t converted money in recent times, but I like the fact that you guys are able to put up the rates, I think that was a recent development. I really like the fact that we’re able to see the currency rates now.

What has been your overall experience with the Clipp app?

I remember when I started using the app and tried to sign up, there were a lot of questions asked and I feel like that is a plus for the app because it’s good to know your customer and to avoid scams. The know your customer process was very good.

What features are you looking forward to see next on the Clipp app?

I would say the virtual cards, I think I saw something about cards, I’m really looking forward to that.

It’s an amazing experience for us at Clipp to hear user stories on how Clipp helps in solving financial issues. You can also start building your finance today with Clipp yield and make seamless currency conversions.

Go to https://www.useclipp.app to get started.

Cheers, 🤍

The Clipp Team.

Clipp allows you to open various foreign bank accounts for free, create virtual dollar cards, send, receive, and convert currencies in minutes, and earn up to 7% annual interest on fixed dollar savings. This is why every African, whether at home or abroad, needs a Clipp account to make international transactions and also build their finances.

Opening a Clipp account is easy; Let’s show you how to do it!

Step 1 - Sign up

• Download the app from the App Store or Google Play Store
• Sign up by entering your key information; your name, phone number, email address, and your preferred password, then accept Clipp’s terms and conditions and input your pin. There you go; you’ve successfully signed up for Clipp!

Step 2 - KYC Registration

Now that you’ve signed up, the process continues as you are required to fill in your KYC information. Clipp requires all customers’ KYC information to verify all our customers’ identities.

• Start filling in your KYC information by; inputting your “BVN, date of birth, occupation, country, state, home address, city, zip code”.
• Select an “Identification Type” (either a driver’s license, international passport, or NIN)
• Enter the “ID Number, ID issue date, ID expiry date.”
• Then you will be required to “upload the ID document” and a “utility bill.”
• Click “verify”, and you have successfully completed your KYC registration.

Importance of completing your KYC registration on Clipp

Clipp requires all customers to provide KYC information in order to verify their identity. Your KYC details will help secure your Clipp account and prevent your account from identity theft and financial crime in the long run. This means that only you have easy access to your Clipp account, and your money is safe with Clipp.

Go to https://www.useclipp.app/ to get started.

Cheers, 🤍

The Clipp Team.

CEO of Bridgecard — Tunde Adewole

How did you hear about Clipp?

Paul Akubo, the CEO of Clipp, reached out to me a couple of months back when the product was not live yet, and then he told me about the product. I thought it was awesome and nice, the fact that I could save whatever cash it is I have in naira to dollars, and I don’t have to do any other thing apart from the end of the month when I have to go back and check how much dollar interest I have on the money, so it felt good, and it made sense. I just told him when the product is out, he should shoot me a link, and then I would love to try it out, and that’s how I found out about Clipp.

What do you mostly use Clipp for?

I have some revenue cash that I earn in naira, and I do save monthly, and rather than leaving it in my bank account where I don’t get any interest off it plus SMS alert charges, I decided to keep it on the Clipp app. The first month I deposited 100k just to see how it goes, funded my Clipp yield wallet, and locked it up for one month. By the end of the month, I had already gained almost 11,000 naira more, and I was like, wow, this makes sense. I moved all my money there since it made sense, and that’s basically what I use Clipp for, just the yield savings; that’s one amazing stuff that I like.

What’s your take on savings and investment in foreign currencies rather than your local currency?

Devaluation is really crazy in Nigeria right now. If you leave your money in the bank today, let’s say 100k, what you can use it to buy today, you will definitely not be able to use that same 100,000 naira to buy it in the next 3 months. So just leaving your money in the bank doesn’t cut it anymore, and that way, you’d just be losing money, and I think that’s where Clipp does make a lot of sense. The interest rate on my money helps me beat the inflation and beat against the devaluation of the naira, and then I still get decent profit from my money; that’s where I think saving on the Clipp app makes sense. My 100k turned into 111k in one month.

Have you tried using Clipp for payments and sending money abroad?

No, I haven’t. I don’t have the use case of having to send money abroad for now. But I didn’t have an app that could help me solve the savings of naira. After my first experience with Clipp yield savings, I’ll definitely be trying other features too.

It’s an amazing experience for us at Clipp to hear user stories on how Clipp helps in solving financial issues. You can also start building your finance today with Clipp yield.

Go to https://www.useclipp.app to get started.

Cheers, 🤍

The Clipp Team.

It’s been over 3 months we launched Clipp — To give everyone the power to manage their finances better and build more wealth.

With over 3,000 converted users, we remain passionate about seeking new ways to add more value to the lives of our users. We added new features and conducted a system maintenance exercise on the Clipp applications to fix some minor issues which we observed some users were experiencing with the app. Verification/KYC process and transactions are now seamless.

Thank you for choosing Clipp and joining us on our journey so far. We have outlined some of the benefits you can get from us for you to get the most out of Clipp.

Virtual Dollar Cards — The latest feature on the Clipp App! 😃

The newest feature on the Clipp app is Virtual Dollar Cards which users can easily use to make online payments for whatever they need. There’s above $20,000 limit for our Clipp dollar cards and users can create as many dollar cards as they want for different purposes.

Clipp Yield

We give users the ability to save money in dollars and earn up to 7% interest yearly. Clipp users can choose from a yield plan of 1, 2, 3, 6, 9, or 12 months and start saving with as little as $30. With Clipp Yield, we want Africans to be able to avoid inflation by earning more on their money and building their finances. We are partnered with different verified and licensed liquidity providers ranging from real estate to decentralized finance that invest our customers’ funds and give us an interest rate, then we take our fees from the rates and give our customers 7%.

Why should you save with Clipp yield? As we all know, it’s better to see your money growing daily especially in a currency that beats devaluation than your money remaining stagnant and the value decreasing due to inflation. This is the opportunity we offer.

Currency conversions

You can also convert various currencies on the Clipp app for free. It could be USD to GBP, EUR and NGN, NGN to USD, GBP and EUR, GBP to NGN, USD and EUR and so on. We are giving you the opportunity to be your own bank, eliminate middlemen and transact peer-to-peer. We’ve added a currency rate page, where users can see the current value of currencies on the app.

Virtual bank accounts

At Clipp, we are determined to provide the best solution to cater to the needs of those who need to carry out cross-border transactions. If you need to send money to a relative in the UK or receive money from a client in the US, we’ve got you covered. Clipp allows you to create foreign virtual bank accounts in GBP, EUR, USD and NGN (Pounds, Euro, Dollars, and Naira) to send and receive money globally hassle-free. The GBP, EUR & NGN accounts are currently available for active Clipp users. However new users might experience a delay in the issuance of the virtual bank accounts.

Kindly update your Clipp app to the latest app version and you can now proceed with your transactions both locally and globally across our channel.

There’s definitely so much left to do, and we’re committed to making it a reality!

Thanks for being part of our journey.

Cheers, 🤍

Paul Akubo,

CEO, Clipp.