All You Need To Know About Zeekron


There is a new entrant into the online “investment” sphere – Zeekron. The Zeekron website is relatively new (Feb 1, 2020), which means it has been online for less than 6 months from today and its owners are local – Lagos.

The owners are not transparent – no physical address on the website, no telephone, no workable social media handles and details are not found on reputable platforms to cross-check their information and claims.

The few reviews available online are those who are using their referral codes to get more users for the platform. This should be a potential red flag for anyone planning to join the company. This is because it means the company can up and vanish with your hard-earned money.

Don’t get carried away with the testimonials.

It seems they organise seminars. You might want to look out for that and attend a physical programme where you can get more information about the company and founders.

Promotion is simply via word of mouth which is a form of revenue for the company and the users. This means users bear lots of risk in terms of online exposure and registration fee.

Business model…

One revenue channel is for those who want to trade currencies so that means they are operating like an online bureau-de-change.

Another revenue channel is for those who want to invest and earn 40% ROI in 30 days. It’s lousy but doable for a while (especially if they operate it like a ponzi scheme).

A Ponzi scheme is a system that works to pay old members with the investment of new members while not investing in any actual business. It can typically work for so long until it bursts when there are no longer new members in the system. A Ponzi scheme is not the same as Multi-level Marketing.

The last revenue channel is for those who want to promote the company.

Proceed with serious caution on the investment channel but you can try the other revenue channel (promotion) found here (since that won’t cost much to start with).

To learn more about investments and arranging your personal finance, here are some guidelines and details.

What The Average Person Does Not Understand About Investing (2)

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How to Understand Investment Channels

Let’s take a look at the 3 investment channels previously discussed and understand what drives the gains or losses of these investments:

1. Private Businesses.

A. A Business Idea. Let’s say a friend of yours bring an amazing idea to you for you to invest in. Do you allow sentiments or emotions to guide you? Or you allow logic? Let’s say you allow logic. How do you prove if it’s worth it or not? Will you take a look at the business plan or check to see the office or online sketch? There’s truly no easy answer. What I can offer you is 60 minutes of my time to help you decide. If you’re interested, you can schedule a session here.

B. A Building. It’s important to note here that if you buy a building or build a house, it’s not necessarily an asset. (You should know that basically an asset is what brings in money while a liability is what takes money from you. It can be an investment but not an asset.) Here are some questions you should ask and get answers: How do you know if a building has a good rental value? Here are some factors to consider: location, utilities, neighbourhood etc.

C. Independent Forex Traders. I’m classifying this group here because more and more traders are seeing the opportunities in this field and are looking for investments from individuals. How do you know the right forex trader to work with? Before you sign an agreement with any trader, you need to see their books. How do they organize their process? What’s their cash flow? How long have they been trading? Where are the independent testimonies? How can you learn while they are trading your money? Don’t get carried away with the promise of lucrative returns within a short period and be quick to jump the process. It’s your money. Put a value on it by getting answers to your questions.

2. Capital Market. The capital market, also known as the stock market is a publicly traded and regulated market where companies sell their shares to the general public. The dividends and rise in share value are the key benefits of this market. The products and services of the listed companies are the bedrock of the value of the company. It’s important to consider the services of a stockbroker before playing in this field. The stockbroker is equipped with the required information from reports, research and analysis to guide an investor.

In Nigeria, the Nigerian Stock Exchange (NSE) manages the local capital stock market and it’s regulated by the Securities and Exchange Commission (SEC).

3. Money Market. The money market includes bonds, treasury bills and diverse kinds of funds provided by financial institutions and regulated by the Securities and Exchange Commission. The value of the funds is determined by the profits and losses of the funds. Most of these funds are invested in the capital market, corporate bonds, economic bonds, treasury bills and similar investments.

These funds are made available to the public by capital holding companies like FBN Holdings and Stanbic IBTC Asset Management.

What The Average Person Does Not Understand About Investing (1)

about investing, forex

Most people have heard that to be rich (legitimately), you have to invest. More often than not, the questions the average person will ask are: what do I invest in? How do I invest? How much should I invest? When do I invest? And lots more…

The purpose of this article is to break down the basic principles of investing in the most practical way for a fellow Nigerian that will enable anyone to take action.

Knowledge is key. Even if you don’t have the money at hand to invest today, you can take note of this information for when it will be useful.

So let’s dive in. First, some definition: What’s investing? Without a dictionary, almost anyone will agree with this conventional wisdom that “investing is putting money in a venture with the expectations of returns (or gains) for a particular period.”

If you agree with this definition, it means to invest will involve your money, a venture (business in any form) and time.

Now to answer some questions:

How much should I invest? The short answer here is to invest a percentage of your income consistently. No matter the size of your income, you can start to put a little away to invest. Anything from 10-30% is a good number to start with.

When should I invest? The quick answer here is every time. If you’re a salary earner, once you get your salary alert. If you’re a trader, everyday you make a profit. If you’re a business person, at the end of every month when you have tidied your books for the month.

Even though this article is about investing, it’s good to note that budgeting is a key habit towards sustainable investing. Budgeting will help to put your income, expenses, savings and investments in good order. It will help your planning. And planning is what prevents failure.

What should I invest in? This is the key part. Different financial advisors will counsel you in different ways. They will point you towards different directions. Friends and families will pull you to different paths all in the name of massive gains and with less thought toward security and stability.

In the end, your eventual financial success is your absolute responsibility. You need to know your options and make your decision on every investment. No one will make it for you. A quick note, if you follow the crowd too much, you won’t be in charge of your own decisions and the results, either success or failure.

There are different things to invest in, commonly called instruments of investments. I will focus on the markets that you can buy these instruments and then break it down further: private business, capital market and money market.

Investing in a Private Business: This is when you put money into a business that you own or owned by a friend for a return after a particular period. This can happen in diverse forms. You can invest in a farm and get returns when the farm’s products are sold. You can invest in a building and rent it out for a fee. You can invest in a business and get paid monthly depending on how the business generates revenue. You can invest in an idea until the idea becomes a viable business and so on. The risk here is high and your capital is often not secured.

Investing in the capital market. This is when you buy a share of a publicly-traded company on the stock exchange. In this market, you make money by getting dividends as defined by the company or when you sell your share at a price higher than when you bought the stock. The risk here is medium and your capital is fairly secure.

Investing in the money market. This is when you put your money into the banking system in the form of fixed deposits, treasury bills, and bonds. The risk is low and your capital is secure to a large extent.

No investment guarantees your capital. Every investment carries risk and this is why it’s important to ask as many questions as possible and get the answers before parting with your money on any investment medium, no matter the promised returns.

I’m sure many people will want to know about other investments like forex trading and the likes. I won’t count Forex trading as an investment. As the name suggests, it’s Foreign Exchange trading. It relies on the different currencies of the world. Just as any petty trader will go to the open market to sell their wares, forex traders are on their computer systems buying and selling currencies per second. And with any other trading, you win some, you learn some. We will try and shed more light on Forex trading in subsequent articles.

A key path to understanding financial investments is asking questions, no matter how silly. Do not hesitate to ask questions that will help you understand the effect of your decisions.

Read the concluding part of the article here.

Disclaimer: This article does not constitute financial advice. Do your research and consult your financial advisor before you make any investment decision.

Recharge And Get Paid Business Opportunity

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It’s been a while I wrote here. I’ve been busy with trainings and proving online business opportunities for clients. I found this one, did my due diligence and I flew in.

I think you should know why.

Do you know that everytime you recharge with your favorite bank’s shortcode, the bank makes money? If you do it through the other middlemen like Konga, Jumia, Quickteller, Paga, Alat, same thing – you spend, they make money.

At least, they make 5% on airtime and a big 12% on data recharge.

What if I show you HOW others and I are making back (in hard cash) at least 2% on airtime recharge and 10% on data recharge?

I’ll walk you through the steps and before long, you can start making back your money and spending it on other things.

I know you will want to be a part of this recharge and get paid business. Let me tell you why?

– You want to make money.
– You want others to make money also.
– You’re tired of banks or other middlemen (like Quickteller/Paga/Jumia) ripping you off.
– You don’t have to quit your current employment.

Nothing is more straightforward!

(Hint: Don’t be deceived by the multiple back-to-back bonus you get from the service provider. You can’t convert the bonus to hard cash).

Leave a comment below and I will contact you and show you how to get started today and position yourself to make between 200,000 and 500,000 (or even more) per month.

Recharge and get paid business opportunity is a unique online business.

What Bitcoin Futures Mean To The Future of Bitcoin

Bitcoin futures

Bitcoin futures launched on the Chicago Board Options Exchange (CBOE) on December 10, 2017 and started trading the day after. It’s also now started trading on the bigger Chicago Mercantile Exchange (CME) on December 18th, 2017.

SEE ALSO: All You Need To Know About Bitcoin

What does Bitcoin Futures mean?

Bitcoin futures are contract agreements that will be based on the price of Bitcoin and speculators can place a “bet” on what they believe the price of Bitcoin will be in the future. This contract  helps investors to able to speculate on the price of Bitcoin without actually having to OWN Bitcoin.

There are 2 main consequences for the release of these futures:

  1. Since Bitcoin remains unregulated, Bitcoin futures can be traded on regulated exchanges. This is great news for those who are concerned about the risks related to the lack of regulation in the crypto industry – retail and institutional investors.
  2. In countries where trading Bitcoin is banned, Bitcoin futures allow investors to still be able to speculate on the price of Bitcoin.

Bitcoin Futures will contribute positively to the value of Bitcoin. How?

  1. It will be much easier to buy, sell or trade Bitcoins as Bitcoin Futures will allow more liquidity in the market.
  2. Institutional investors are positioning to start offering this contract to their clients as a viable investment option in a regulated market.
  3. People who were very skeptical of Bitcoin, due to lack of regulation, will now be more open to investing directly in Bitcoin or in Bitcoin Futures.
  4. Countries that have banned the trading of Bitcoins are likely to start looking at possible options to customize this contract or be a part of it.

Do you think Bitcoin will go down in value? Think again.

JP Morgan, whose CEO (Jamie Dimon) has tagged Bitcoin as a fraud in September 2017 is already one of the few institutional investors that are prepared to offer these contracts to their clients. It might interest you to know that JP Morgan is the 6th largest bank in the world and the largest in the US with about $2.5T under management.

Read the full explanation of Futures and its application to Bitcoin with CoinTelegraph

Would you like to fast-track your success with Bitcoin and get started quickly? Start trading and mining with this company with at least 5% profit monthly!