Here's my current investment strategy/position.
- An emergency fund in Diamond High Interest Deposit Account (HIDA) holding my 5 months living expense. I use it for emergencies and quickly refill the account as soon as possible.
- A mutual fund account with ARM. It's the Discovery Fund account; it currently holds about 70% of my total investment. I make a monthly automated transfer to it (direct debit). The mutual fund invests in stocks, fixed income, real estate and money market. I have had the account since 2011 and actively investing in it. I am very impressed with the fund performance, as it didn't drop as much as I expected despite the stock market crash.
- A stock brokerage account with ARM that I use to buy and sell Nigerian stocks. While planning to start my company in 2013 and 2014, I sold off my shares and since then I haven't actively traded on the NSE. Plus I found out that the ARM Discovery fund did better than I did with my own investment. Oando give me a black eye. GTB was a big winner for me then. The others were just there.
- A Forex account I have had since 2014, Now closing it. It's like gambling. Time consuming and not worth it. Whenever I think I have gotten how to play it right, I lose all the gains I have made and my capital. It's a system where the average guy loses.
- Some binary options accounts I sunk $650 to try out and lost almost everything. I only managed to get $165 out of my original investment and it was after a lot of deceit from the broker.
- And finally, a US stocks investment/brokerage account. Planning to put all my foreign income (income from Google Adsense, Amazon book sales, Udemy Video courses and Upwork earnings) into the account. I am currently invested in the Vanguard S & P 500 Growth ETF and it's the only stock/etf I plan to invest in. Saves me a lot of stress and time trying to catch up on news of my investment performance. As long as the US economy is growing, I am happy.