Investment Ideas for Remote Workers

As a remote worker, freelancer, digital nomad, or solopreneur, you have the freedom to work from anywhere. But with this freedom comes the responsibility of managing your finances effectively. 

Growing your wealth without taking on more work is possible through smart investments. In this post, we’ll explore various investment ideas specifically tailored for remote workers in Nigeria, focusing on options like ETFs, dollar-denominated stocks, and real estate investments.

Why is investing important?

Investment is not just for the wealthy; it’s a strategy that everyone can use to build wealth over time. For remote workers, the flexibility in your income can be leveraged to create a more stable financial future. The key is to start investing early and regularly, allowing your money to grow through compound interest and market appreciation. 

But how do you begin? Here are some investment ideas tailored for your unique situation.

1. Invest in Exchange-Traded Funds (ETFs)

ETFs are a popular investment choice, especially for those new to investing. These funds typically hold a collection of stocks or other securities, allowing you to invest in a diversified portfolio without the need to pick individual stocks. Here’s why ETFs can be a great option for remote workers:

• Diversification: By investing in an ETF, you gain exposure to multiple assets without being exposed to more risk.

• Lower Fees: ETFs generally have lower expense ratios, allowing you to keep more of your earnings.

• More Flexibility: For the newly initiated, ETFs provide more flexibility because you can buy and sell them like regular stocks during market hours, no need to hold them for long.

2. Diversify with Real Estate Investments

For users in Nigeria, platforms like Risevest offer opportunities to invest in and earn returns on real estate assets in dollars. This means that if you’re looking to diversify your investment portfolio and want to go into real estate, you can save yourself the stress of doing everything by yourself and use a platform that offers that service. What are some of the benefits of real estate investments?

• Low Risk: Real Estate investments are some of the least risky investment vehicles out there because the market is frequently growing.

• Diversification: As a new 

3. Explore Mutual Funds

Simply put, mutual funds are investment vehicles that generate funds from multiple investors and invest in a mix of carefully curated instruments. For example, a mutual fund can pool funds from multiple investors and invest that fund in an ETF or group of stocks. As a newbie, it is important to pay attention to what a mutual fund is invested in.  Some benefits of mutual funds are:

• Lower Risk: Mutual funds, by their nature, carry less risk than many other investment instruments (like stocks). 

• Flexibility: Mutual funds also guarantee some level of flexibility, especially if you’re not familiar with the industry or know what assets to invest in. 

Where can I invest?

For Nigerian freelancers and remote workers looking to explore new opportunities to grow their income with sustainable investments, there are many apps to use. One of the more popular ones is Risevest. Recently, we have partnered with Risevest to simplify the process of funding your Risevest wallet without losing value to exchange rates. 

Using Cenoa + Risevest is 3x cheaper than funding your Risevest account with Naira! You keep more of your money—and grow more of it too. You can read more about this partnership here. 

Finally, note that none of these is financial advice. Investing comes with reasonable risks and it is important to consider the risks before investing in any asset or instrument. This blog is meant to create awareness on the investment options available. If you need investment advice, please consult a professional.