Ask Shade About Trusts: My Salary Has Been Slashed, How Can I Give my Child the Best Education?

Ask Shade About Trusts: My Salary Has Been Slashed, How Can I Give my Child the Best Education?

Dear Shade,

I am a single mother and for the past 6 years, I have been raising my child alone. I vowed to do whatever I can to give my child the best of education so that she can achieve her dream of becoming a pilot. Due to the current COVID-19 pandemic, we had a pay-cut at work where my salary was reduced by 30%, but I still want to fulfill my vow of giving my child the best education. Kindly advise me on what I can do. 

– Stella, Bonny Island

***

Dear Stella,

I appreciate you reaching out to me.

Firstly, I must commend your strength and determination to provide your daughter with the very best education.
The COVID-19 pandemic took everyone by surprise and I am sorry to hear that you were directly affected financially. I do hope things revert to normal as soon as possible.

In pursuit of achieving the high standard you have set and uninterrupted education for your daughter, you could consider establishing an education trust. An education trust is an arrangement that allows you to set aside funds for your daughter’s education and welfare by transferring funds to a corporate trustee to hold in trust for the benefit of your daughter. By setting up the education trust, you would be ensuring that your daughter’s education remains uninterrupted regardless of a change in your circumstances, i.e., death, job loss, or permanent disability. An education trust also ensures the protection of the trust fund from unwanted access or undue family interference and promotes tax savings.

Another feature of the education trust worth mentioning is the fact that the trust fund is never left idle. It would be invested to ensure the growth of the fund and liquidity pending when it is required for the purpose for which the education trust was set up for, such as making payments for school fees. In order to find out more about how this arrangement works, I would advise that you speak with a trust advisor.

I do hope that the information which I have provided is very helpful and I wish you the very best as you forge ahead in your endeavors.

Warm regards,

The post Ask Shade About Trusts: My Salary Has Been Slashed, How Can I Give my Child the Best Education? appeared first on Realising Ambitions.

ARM Mutual Fund: Fact Sheet (August 2020)

Get free professional advice from an experts

ARM Launches ARM Sandbox, an API Service for Fintech Startups

Leading Financial Services firm, Asset& Resource Management Holding Company; ARM, has launched a new and more efficient way for Fintech firms to scale their integration and customer acquisition plans, the ARM Sandbox. .

The ARM Sandbox allows Fintechsthat resell APIs (Application Program Interface), provide e-wallet, investments and payment services to integrate ARM’s API into their solutions. This will provide a platform for Fintechs to expand their services to new markets, leverage the credibility of the ARM brand name and best of all, earn from the management fees paid quarterly by the company.

ARM has been at the fore front of innovation through collaboration, by helping startups realise their ambitions. So Far, the company has partnered with Ventures platform to create a Fintech focused accelerator called Labs By ARM and its youth awards initiative, DAAYTA f Through these  programs, ARM supports g entrepreneurs with smart and innovative ideas that have a positive impact on people’s lives and the communities that surround them..

The introduction of ARM Sandbox is in line with the company’s objective of collaborating with Fintechs and providing a platform that enables innovation and reduce the barrier to entry for Fintechs in the asset management industry.

Speaking at the launch, Henrietta Bankole-Olusina; Managing Director, ARM Financial Advisers, Stated that; “The ARM Sandbox platform will empower fintech firms across Africa to achieve their growth goals. Also, it will give them the opportunity to provide value added services to their clients and improve and enhance their customer acquisition strategies”.

We encourage Developers, Product Managers, Business development officers to visit www.sandbox.arm.com.ng to viewand test  the APIs. If interested  they can reach out to[email protected] to get started. Our APIs are RESTful and we have ensured proper API documentation to guarantee ease of use.

 

ABOUT ARM

Established in 1994, ARM is an asset management firm that offers wealth creation opportunities through a unique blend of traditional asset management and alternative investment services. Managing a total asset of approximately N1.25 trillion (as at December 2019)

With an AA rating from Agusto and Co. and was named Investment Management Company of the year by The International Investor Awards. The Firm is regulated by the Nigerian Securities and Exchange Commission (SEC).

4 important things 2020 taught us

Get free professional advice from an experts

12 lessons from Juliet on wealth creation

Get free professional advice from an experts

Top 5 Emotional Mistakes to Avoid When Trading Stocks

You know that voice in your head, that says “buy” when you see a stock you know? It is sometimes the voice of your emotions, and emotional buying is never the best strategy. Sometimes it is really hard to drop emotions when trading in stocks because as humans, emotion is an integral part of us. But every stocktrader must know how to pull off the garment of emotions when trading, else, one may make the following mistakes:

  1. Buying because it’s trendy

There are times when there is a sudden buzz around a particular stock, and everyone seems to be going for it. That is not a great time to go for it. Whenever you buy a stock that many  people are buying too, it will be expensive – in some cases even severely overpriced. That’s why you should leverage research from experts like ARM and even do your own research, to allow you anticipate the possible trendy stock that people will demand for, and you get to sell at a higher price.

  1. Selling when it looks bad

The best time to buy shares is when prices drop. It allows you get a piece of the company at a cheaper rate. A lot of investors who leverage emotions, start to panic and sell their stocks when there is a price drop, forgetting that there will be a price gain soon. Buy when is cheap or the market is bleeding and sell when the market is booming.

  1. Spending all your money

New investors often get excited about the stock market and invest all the money for their portfolio within the first few days. The results are careless purchases and a lack of liquidity if prices drop. You should put money into your trading account on a regular basis, but always leave some of it there – for the times, when stock prices drop to allow  you buy more stocks at a cheaper cost

  1. Selling all your stocks in a crash

The reality is the next stock market crash is coming. However, we’ve already survived quite a few crashes in recent time. That means: If the stock market crashes, stay cool. It will recover. What won’t recover are your savings if you sell all your shares at a time when everyone else is doing the same. It’s hard, but you should always follow the old rule: invest slowly, sell slowly.

  1. Putting all eggs in one basket

Anyone who discovers a promising industry is tempted to really go for it. Why buy one tech giant when you can buy three? The problem is, what do you do if the industry collapses? In that case the value of your portfolio can quickly evaporate. That’s why you need to diversify – to invest in many different areas at the same time. Even if one of them temporarily crashes, it won’t hurt you too much. And remember: If the value of a stock drops, it’s a good reason to buy more.

3 Smart Ways to Give Your Child/Ward The Best Education

Imagine the smile on the face of your child, looking directly at you, and wearing that beautiful school graduation gown- That look is priceless! One of the ultimate goals of most parents is to give their children/wards the best of education. The best education to an extent adds the icing on the cake to the parenting career.  Sadly factors such as rising school fees, inflation, and general economic situation of a country always pose as obstacles to this great plan that parents have for their children.

Despite these factors, it is still possible to give your children the best education if well planned. We have listed 3 smarts ways every parent can plan for their children’s education, to guarantee them seeing their children in the beautiful graduation gown.

  1. Start early

Planning for your child’s education is a long-term financial goal. The best time to start planning for your child’s future needs is when he or she is born. Assuming your child will go to the University at the age of 18, you will have nearly two decades to create the right-sized fund for your child’s need. The effect of compounded growth will allow you to achieve this goal with small, monthly contributions.

  1. Diligently choose the right school

Children will mostly likely spend more time in school than at home, parents should be diligent when choosing a school for their children/ward.

The type of school a child/ward goes will have a great impact in the life of the child/ward. Before you settle for a school, you should consider the vision, mission and culture of the school to see if it they align with what you want for your child. You also need to fact check from people associated with that school, such as parents who already have their children enrolled in that school to hear what they have to say about the school

  1. Set up an EduTrust

An edutrust is a legal agreement where money is put aside for the sole purpose of educating the children, irrespective of whatever, untold events the future holds.  It is aimed at assisting parents and guardians in securing uninterrupted education for their child(ren) or ward(s).

As a parent, this trust enables you to provide for the education of named beneficiaries. The standard, level of education is determined by you, subject to adequacy of funds in the Trust account. The Trust can comprise of a lifestyle component to provide for other needs of beneficiaries such as vacations, excursions, school trips etc.

We will love to celebrate you and your kids as they graduate from their dream schools. Get started on making that graduation smile a reality today by setting up  an education trust for your child here

Not the ‘dream wedding’ he planned

Get free professional advice from an experts

ARM Mutual Fund: Fact Sheet (July 2020)

Get free professional advice from an experts

ARM Investment Managers bag the Investment Management Company of the Year award

ARM Investment Managers has received the 2020 investment management company of the year award and recognized for excellence in investment innovation and management expertise by International Investor Magazine. ARM Investment Managers stands tall amongst over twenty-nine (29) highly-recognized global investment management companies in this award category.

The International Investor Awards was set up to help individuals both inside and outside of the industry to nominate financial institutions and listed companies. In a survey, a vast majority of the magazine’s subscribers recommended ARM Investment Managers, highlighting the many investment opportunities the company across a number of geographical regions and business sectors.

The team at International Investor Magazine have used a wide range of criteria and multiple research platforms to inform its decision for the 2020 awards. The critical eye of experienced business journalists and judges was combined with the comprehensive information gathered by the research team.

International Investor is an online and printed journal which provides sensitive news, industry analysis and investing opportunities amongst others to a vast global subscriber base which includes institutional investors and industry leaders to name a few.

This award comes at the back of ARM’s 26th anniversary as one of Nigeria’s topmost asset management firm with superior research quality, financial advisory service, and investment management track record.

ARM Investment Managers has over the years, provided professional global asset management services across a wide spectrum of traditional and alternative investment options, including equities, fixed income securities, cash, and real estate. With a diversified client base numbering in their tens of thousands including corporations, high net-worth individuals and small savers, the company has stayed true to its promise of helping people realise their ambitions.