By Reporter
As Africans, land and real estate are often our most popular investment options. And that’s okay. Followed closely by more formal options such as good ole stocks, treasury bonds, T-bills, and fixed deposits.
Now here’s the thing. https://www.youtube.com/watch?v=Om5bC6AUDPc
These investment options are often big-ticket investments and require a significant cash outlay from investors. This means first-time investors—usually the younger population— can’t build wealth this way as they are either still dependent on their caretakers or simply don’t have enough disposable income to spare.
But that’s about to change
Fractional shares, the new kid on the investing block, are crucial to making investing in stocks easier and more accessible, especially for African countries with lower valued currencies.
“Today, we’re launching a revolutionary product, U.S. fractional stocks,” says Ham Serunjogi, CO-founder and CEO of Chipper Cash. “This product is probably our most impactful product since the launch of the original Chipper app just three years ago.”
“For the first time ever, Ugandans of all economic backgrounds will be able to invest as little as $1 or 3,500 Uganda Shillings in the world’s largest public companies listed on the New York Stock Exchange – when we talk about unlocking global opportunities, this what we mean. As a proud Ugandan, it means so much to me that we get to launch a product that will empower my fellow countrymen and women,” he continues.
With the launch of Chipper’s Global Stocks Investing product, Ugandans (both old and young) can easily invest in publicly traded global companies such as Facebook, Amazon, Tesla, Netflix, etc.
