Whateedo!
Since time immemorial, we all endlessly talk about multiple streams of income and alternative ways to make money. And of course, who doesn’t want to make some schmoneyyyyyyyy.
Monay Monay Monayyy – makes the world go round.
For most people, finding alternative ways to making more leads them to explore the incredibly exciting, not-at-all boring, extremely fun world of the stock market (every possible sarcasm certainly intended -_-). Unfortunately, a lot of people don’t even know where to begin but lucky for you, you have your friendly neighborhood stock enthusiast to help you out.
Who says being a part of the trove family does not have its perks?!
If you’re looking to start your stock journey, it is integral that you understand the fundamentals. For instance, knowing the types of stock there are.
Today, I’m going to focus on two: Income stocks and Growth stocks.
Unlike some other things in the stock market, the concept of income stocks and growth stocks are actually relatively easy to understand.
Income Stocks are dividend paying stocks.
In case, you’re wondering what dividends are, they are a portion of a company’s profits that are paid out to its shareholders or investors. Income stocks offer a steady stream of revenue for its investors.
Income stocks are usually issued by companies with a stable cash flow and a well-established financial infrastructure. The companies that issue income stocks are usually in industries that stay in business regardless of the state of the market. Such industries include, food and beverages, banking, electricity, transportation and other utilities. Income stocks are for those who don’t have the stomach for high risk investments. And if you fall into this category, don’t worry, we got you.
There are a number both local and foreign income stocks on the Trove Platform such as Walmart (WMT), AT&T (T), Manchester United(MANU), Goldman Sachs (GS), Southwest Gas Holding (SWX), United Capital (UCAP), MTN Nigeria (MTNN), to mention but a few.
Now, if you are DANGEROUSLY IN LOVE with the fast life and you have an appetite for high risk investments, then you should definitely be exploring growth stocks.
Growth Stocks are usually companies experiencing growth at an above-average speed. Unlike income stocks that pays a portion of its profits to its shareholders, the revenue of growth stock companies are channeled back into the company to drive the growth of that company.
Most growth stocks tend to be companies creating innovative products that are projected to make a significant impact on the market in the future. With growth stocks, it’s high risk, high reward… or high loss, but hey the greatest success stories often involve taking a big risk.
Again, if you fall in this category, no worry, like star boy, we dey for you. Some of the growth stocks we offer on the Trove Platform are: Tesla (TSLA), Lemonade (LMND), Netflix (NFLX), Square (SQ) and several others.
So now the question you have to ask yourself is “Am I a risk-taker or would I rather play it safe (or.. safe enough)?”
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