When you invest in what you don’t know, you are simply gambling aka ‘try your luck’. Growing up, I remember itinerant scam artists who staged road shows to attract the gullible, promising instant prizes for picking the right card. All you needed to do was to pay the ‘entry fee’ and then ‘try your luck’. The returns were instant but many went home without the money they left home with. Sadly, many people are still trying their luck. They don’t know what they are doing but still go ahead to do it, with the hope that the promised returns will materialize.
With the advent of the information age triggered by the coming of the internet, ignorance is no longer an excuse. If you can read, own a smartphone with data, you have a massive amount of information at your fingertips. With Google translate, you can access information in major Nigerian languages. The issue is no longer lack of information, but what to do with it.
SOURCE: http://punchng.com/stop-gambling-with-your-finances/
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