Founded in 2019 by Eleanga Eric, a graduate of Accounting and Finance from the South Carolina
State university, Bosun Mayowa Lawal and Anthony
Odiba, Risevest is a dollar investment app that allows people to engage in long term investment. As a legitimate company, Risevest's operations are legal and backed by the law. It's a Fintech company registered with Corporate Affairs Commission (CAC) with RC number 1622382 through it's cooperative licencse 17080.
Currently, they've over 200,000 people actively investing with Risevest. Their stock's portfolio as at 2021 was 30.19% YTD while their real estate portfolio was at 11.39% YTD.
Is Your Money Safe With Risevest?
Yes, your money is secured with Risevest. They make use of an encryption technology that's also used by banks. Interestingly, their stock investments are insured by US investment Protection Corporation (SIPC) up to $500,000
Why Should you use Risevest?
1. They act as fund manager. You don't have to stress yourself out on which stocks to invest, Risevest professionals invest on your behalf in highly performing stocks and as such they are bound to get much profit , they help you to manage your money. You'll be given returns from the investment.
2. Great for beginners.
Even if you have no knowledge of investing, Risevest is the best place for you to be, all you need is to deposit the money with them and they will help you get the necessary returns
3. Offers financial advice
They educate their customers on investing by giving financial advice for customers that hope to grow their funds. They guide you on the perfect investments that you need to do.
4. Active Community (Risevest investment club)
With the active investment club on Telegram, it makes the Risevest closer to their customers.It also gives investors the opportunity to build a wide range if network with other investors, as well as getting the necessary information as related to the use of Risevest app.
5. It's hard to lose money on Risevest
Anyways, there's always a probability of losing money while investing on any platform, but the probability of losing money with Risevest is very very low. With silicon valleys backing them, that shows their high level of credibility.
6. Allows you to choose available investments depending on your risk appetite.
You have the opportunity to choose between Fixed Income, US real estate, Stocks investment. Each of these three has it's own level of risk with fixed income being the lowest and Stocks investment with the highest level of risk.
7. Availability of Auto invest.
This helps you to be consistent with your investments even when you do not have in mind. You can set a funding amount frequency and payment method, Risevest will then automatically fund fund your investments from your bank account.
8 You can start from a low amount.
You don't necessarily need to start big before investing with Risevest, you can invest for as low as $10 .
9. You can save in dollars
Dollar is one of the most stable currencies in the world, you should invest your money in dollars to avoid losing your money due to inflation.
10. Regulated by SEC( Securities And Exchange Commission) through a trusteeship agreement with ARM Trustees overseas.
11. You can easily reach Risevest representatives.
You can basically invest with Risevest in 3 major ways.
1. Fixed Income (Low risk)
This is for those who want to ensure that their money is saved in a currency that appreciates like the dollar, it's risk level is very low. It's advisable for those that want to just save their money and that have a low risk appetite.
In this particular investment, you can choose to create a plan and invest your money for a period of 3, 6 or 12 months. When the particular time you set elapses, you get your interest together with your capital. The basic thing about this particular investment is that you're having your money fixed in another currency, it still remains one of the best ways to save.
2. Real estate (medium risk)
Risevest through experts usually buy and rent properties the United states, that are popular in demand in the US market, that are also guaranteed of getting the maximum returns. This is actually safe because these properties are well insured against risks that often accompany real estate investment. With the business Risevest does with those properties, you can be rest assured that you would get your returns.
This particular investment is suitable for those with medium risk appetite.
3. Stocks ( High risk)
When it comes to Stocks, Risevest helps you to invest and engage your money by investing in their portfolio of high returns which are the strongest and best. You do need need to know about the type of stocks to invest in, the best of it is that they invest in the high perfoming stocks in the US market.
How do you invest with Risevest?
Go to Google play store to download the app
Make sure the app is installed on your phone.
Launch the app on your device.
Create an account with Risevest
Link your BVN to your account so that you can withdraw your money when it's due.
Start investing
Choose the type of investment you want whether it's Fixed Income, Real Estate and Stocks investment depending on the risk level you're comfortable with.
Set the duration for your plan whether it's for 3, 6 or 12 months.
You can also choose to auto invest so as to aid your consistency.
Con's of Risevest
1. It's not too flexible when it comes to investing, it's mainly determined by Risevest, the customer has little or no say.
2. You can only invest for long term purposes and not for short term
3. Penalty fee, should in case you want to withdraw your money before the agreed time.
4. To fund your wallet with naira, it charges at the black market rate which is not the official rate from the Central Bank of Nigeria.
5. The amount they charge for managing your funds is a little bit high relative to other investment platforms.
Conclusion
Especially for a beginner, Risevest remains one of the best apps you can use to invest as the naira continually depreciates, don't just allow your money to stay idle in the bank, it's just going to waste away due to inflation.
But if you've a a good knowledge of Investments, you can choose to invest your money by yourself in whatever platform that you're sure will give you the best of returns.
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