A few months ago, I was interested in purchasing some of the most sought-after MTN shares when the company went public. I asked my mother and she told me to enlist the help of stockbrokers, and the likes etc. Unfortunately, my experience with some of the stockbrokers I tried was not pleasant. Let’s boil it down to how they do not expect to be bothered by a young millennial woman, who looks like she only has 20,000 Naira or less to spend, especially on shares.
And then, I stumbled on Trove Finance. Trove Finance is a financial technology platform that allows everyone, including and especially milllennials like us, buy shares both in Nigeria and “in the overseas”. In this day and age, a lot of young people want to be able to partake in stock markets around the world. We are trying to be more in charge of our finances and working hard to make plans for the future.
To cut the long story short, I got my MTN shares hassle free. The best part is I got to buy even more shares!!! Like I said, HASSLE FREE… and from the convenience of my smartphone.
The process is pretty easy. First, you need to download the Trove App on your phone. You need to have a residence in Nigeria, and have a valid government-issued means of identification. The entire process of completing your signing-up process is simplified here. Thereafter, you would receive a confirmatory email if your account has been approved. This usually takes 1-2 business days. In my case, it took about 2 days.
On the Trove App, you have access to two wallets: the Naira wallet and the Dollar wallet. The dollar wallet basically allows you access to foreign shares from companies like Uber, Google, etc. You even have access to ETFs of different companies, bonds/treasury bills, and mutual funds both in Nigeria and in the United States. Sounds cool right?
You can also monitor returns on investments purchased through the Trove platform. Everyday, the Trove app lets you know which companies are leading at the stock markets, so you have a pretty good idea in what direction to invest in. If you do not know the half of where to begin, this Trove article is a great start!
It would interest you to know that Sigma Securities Limited, a Securities firm registered with the Securities and Exchange Commission (SEC) and a dealing member of the Nigerian Stock Exchange hold all Nigerian assets bought on the Trove app. While the US Drivewealth LLC, a regulated member of FINRA/SIPC, holds assets. Drivewealth is a member of SIPC, and protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
Guess what? This entire long story would be for nothing if you do not get on your phone this minute and download the app. To download, click here.
Use the code S7QEMY on sign up to get FIVE free shares of Guaranty Trust Bank or Dangote Sugar.