Like every part of the world, Nigeria also celebrates its annual Father’s Day on the 3rd Sunday of June each year. It is a day designated to show gratitude towards the first Superhero of your life, your father. Although there is nothing that can ever pay off what a father does for his children but celebrating a whole day in his name just revives the memories of his love, care, support, and wisdom.
As you plan to surprise your father or father figures this year, here are some investments ideas that you can gift to your dad, which will not only be thoughtful but would go a long way.
1. Start a Mutual Fund for him in a small way:
If you earn money as an employee or a business owner, then you may probably afford to gift your dad mutual funds, and you can start the investment with as little as N5,000. While this may appear to be small to you, it will surely give a lot of joy to your dad to see your willingness to invest in his life. Above all, when you look back at this investment at a future date, you will realize the power of compounding, and how little finds can multiply.
2. Gift him a solid dividend yield stock for his future:
This is not a very common idea, but something worth trying. If you scan the list of stocks, several good-quality stocks give such attractive dividend yields. The beauty of high dividend yield stocks is that their downside risk is usually limited and as the company improves its performance, the dividends also grow proportionately. After all, equities are the best bet to grow wealth in the long run.
3. Gift him special retirement insurance and health insurance plans
Your father may have forgotten about his post-retirement plans in his professional pursuits. He may not realize it now, but at a certain age, he may not have the resources or eligibility to obtain retirement or health insurance. You can close that gap this Father’s Day. Insurance plans require only a small monthly investment. Remember that medical costs are skyrocketing, and a health policy will be a great asset to him in his golden years. Our Insurance brokerage business can assist you with this, send an email to: [email protected]
Of course, you can still go ahead and buy him a cake, gift, or take him out on a nice trip. But this is the appropriate time for you to gift your dad something that he can cherish and enjoy in the years to come. After all, isn’t that what Father’s Day is all about?
For more inquiries on how you can go about the various investment options listed above, send an email to [email protected]