Namibia's young derivative traderFinancial markets fundi A young Namibian financial analyst is using his blog to teach Namibian youth and people around the globe to understand financial markets. Since 2012, I've been following financial markets. I am blessed to have engaged and received thumbs up on my journey from Innovus Innovation Agency in South Africa, from Mertceh's founder Francois van Niekerk, Naspers chairman Koos Bekker, and Colin Coleman, managing director of Goldman Sachs International, South Africa. Through my research, in 2015 I identified Namibia's looming economic woes, several quarters ahead of the technical recession. In 2016, I also predicted South Africa's downgrade. I also remember how I created a model for cattle to be exported with the use of derivatives when drought in Namibia was at its worst; this was necessary to manage price risk.
It is a fact that derivates are extremely complex and can be used for a number of purposes. As a result, I can find a way to trade exposure to any instrument on worldwide financial markets. I am currently trading FX derivate. During the last six months, I've been tracking commodities and precious metal including oil and gold respectively. I want Namibians to learn about financial markets otherwise we can never take charge of our own gross domestic product growth and personal wealth. We have financial institutions with many initiatives like FNB's 100 million special SME fund, money maximiser and the business 48-hour investment product. This is proof that it is time to be more proactive with our finances, especially us, the youth. We have also seen things such as the financial literacy initiative and special workshops training women on finance, I am going to do my part to keep the ball rolling because The Harambee Prosperity Plan needs everybody's input.
I am going to train 100 Namibians how to trade, starting with forex, and what financial institutions can assist us with to manage our business and personal finances. So far, I have 271 members on my blog learning, from all over the world. I would like to cap the total at 500. We should beware that there are many foreigners who claim trading, especially foreign currency, and a way to become a millionaire and some who flaunt flashy things in order to convince you to part with your money. There is a difference between the real and the make believe. I have a fiduciary responsibility to protect people's financial wellbeing. These foreign players should abide by exchange controls and respect the sound Namibian financial system. I shall rather teach people how to become wealthier over time, but by using the right risk models. It is true the past week I made over 17% return, but that is an attribute of my research. I am going to start sharing my research with my students.
I constantly share some tips on my blog: blackstreetworldwide.wordpress.com and this is where I teach those who subscribe. I am also available on Instagram as PhillipoWorldwide.
PHILLIP LIKANDO
It is a fact that derivates are extremely complex and can be used for a number of purposes. As a result, I can find a way to trade exposure to any instrument on worldwide financial markets. I am currently trading FX derivate. During the last six months, I've been tracking commodities and precious metal including oil and gold respectively. I want Namibians to learn about financial markets otherwise we can never take charge of our own gross domestic product growth and personal wealth. We have financial institutions with many initiatives like FNB's 100 million special SME fund, money maximiser and the business 48-hour investment product. This is proof that it is time to be more proactive with our finances, especially us, the youth. We have also seen things such as the financial literacy initiative and special workshops training women on finance, I am going to do my part to keep the ball rolling because The Harambee Prosperity Plan needs everybody's input.
I am going to train 100 Namibians how to trade, starting with forex, and what financial institutions can assist us with to manage our business and personal finances. So far, I have 271 members on my blog learning, from all over the world. I would like to cap the total at 500. We should beware that there are many foreigners who claim trading, especially foreign currency, and a way to become a millionaire and some who flaunt flashy things in order to convince you to part with your money. There is a difference between the real and the make believe. I have a fiduciary responsibility to protect people's financial wellbeing. These foreign players should abide by exchange controls and respect the sound Namibian financial system. I shall rather teach people how to become wealthier over time, but by using the right risk models. It is true the past week I made over 17% return, but that is an attribute of my research. I am going to start sharing my research with my students.
I constantly share some tips on my blog: blackstreetworldwide.wordpress.com and this is where I teach those who subscribe. I am also available on Instagram as PhillipoWorldwide.
PHILLIP LIKANDO