Category : Investing , Savings

Savesting = Saving + Investing

Savesting = Saving + Investing

We’ve all been told how saving and investing can make us wealthy. We all read stories about Warren Buffet and others who invested their way to wealth. According to Investopedia, “investing is the act of committing money or capital to an endeavour (a business, project, real estate, etc.), with the expectation of obtaining an additional income or profit.”

From this definition, it is clear an upfront amount/capital must have been invested earlier in order to reap additional income. This upfront capital is the reason lots of people do not consider investing. This is understandable because the current investment management system is designed to benefit those who have a relatively large amount of capital to invest. For instance, most investment management firms in Nigeria require a minimum investment amount from N5000 to N50 Million and above.

So how does someone with little income start investing? The answer is Cowrywise.

Our mission at Cowrywise is to democratize access to wealth management services. For the uninitiated, this simply means financial planning, saving and investing money. Cowrywise helps you achieve all these. Behind the scenes, the Cowrywise platform is set up to help you with saving and invest your savings in risk-free investment instruments, that normally is only available to people that are investing actively with large upfront capital.

Cowrywise is “Savesting” for everyone! (New word alert, meaning saving and investing at the same time).

This provides Cowrywise savers with 3 key benefits:

1. They get to automate their savings securely.
2. They get to keep their savings locked away from bank charges and fees.
3. They get to enjoy the benefits/returns that is only available to high net-worth individuals.

Today, Cowrywise is providing access to thousands of young people by helping them with saving and investing in the best possible way. This means that they do not have to wait until they save up large sums of money before they can start reaping the rewards of investing money.

Cowrywise is absolutely free of any charges or penalties. We make money when your savings earn returns. And even better, you get the larger part of the returns (≥10% p.a). In comparison, your bank’s savings account currently gives you around 3% interest p.a.

To provide security of funds, we have partnered with Meristem Trustees, an SEC-regulated trustee to hold all our savings and investments on behalf of savers. This means, you never ever get to lose money. We also use a PCI-DSS certified payment processor to move your savings from your bank account securely into your Cowrywise account.

Get started with Cowrywise now and start savesting!

See you at the top!