Investment Success: A Practical Guide to Managing Investments

By Zachariah Dauke Suleiman mnim

Do you want a guide on managing your investments? Then read the Investment Success: A Practical Guide to Managing Investments.
Identify your financial goals early, write them down, prepare a plan of action and continue to do something every day towards achieving your financial freedom.
Uncover the secrets of the Rich and Successful people in the society and enjoy your financial freedom in life.


Investment Success: Your Practical Guide for Managing Investments is a practical do-it-yourself book on how to invest in todays world and making a success of it in an environment where investment failure is a huge possibility.
The author, based on his educational background, experience and practical day-to-day learning, teaches the reader key issues in investment and how to succeed at it through understanding the concepts of investment, types of investments, the critical issues of money as an oxygen of investment, how to effectively manage success and failure in investments and other relevant areas.
Investment success: Your Practical Guide for Managing Investment is easy to read and the author makes the reading quite enjoyable and engaging by employing accessible language and avoiding the technical jargons that often make investment a cloudy issue to many.
It is bound to encourage all investors and non-investors alike to step out, armed with the principles that will ensure success in investment everytime.

• Language: English
• Publisher: Partridge Publishing Africa
• Release date: Jul 7, 2015
• ISBN: 9781482808179

Zachariah Dauke Suleiman mnim

Mr. Zachariah Dauke Suleiman is a holder of BSc degree in business administration from Ahmadu Bello University, Zaria, and has an MBA in general management from University of Science and Technology, Port Harcourt, Nigeria. He has over twenty-four years working experience in the Nigerian oil and gas industry. He is an emerging leader and team builder in the oil and gas industry in Nigeria who has actively been involved in adding value to the Nigerian National Petroleum Corporation (NNPC) in its bid to become a world-class oil and gas company. He possesses considerable experience in Nigerian content implementation compliance, leadership, project management, change management supply chain management and investment. He is currently seconded to the Brass LNG project by NNPC as the Nigerian content manager. He is a motivational speaker and enjoys mentoring and coaching on leadership qualities and investment techniques. He is a chartered member of the Nigerian Institute of Management and Nigerian Gas Association.` He hails from Zonkwa, Zango Kataf Local Government Area of Kaduna State, Nigeria. He is happily married to his heartthrob, Mrs. Martina Zachariah, Esq. The marriage is blessed with two sets of twins, Abrak and Kyangchat, Kazayet and Kazachat. He is the author of Investment Success: A Practical Guide to managing Investments. He can be contacted on www.zachariahsuleiman.com, [phone] and [e-mail]

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Copyright © 2015 by Zachariah Dauke Suleiman mnim.

All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.

Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

www.partridgepublishing.com/africa

CONTENTS

DEDICATION

FOREWORD

ACKNOWLEDGEMENT

INTRODUCTION

CHAPTER 1:  THE CONCEPT OF INVESTMENT

CHAPTER 2:  MONEY, THE OXYGEN OF INVESTMENT

CHAPTER 3:  TYPES OF INVESTMENTS

CHAPTER 4:  THE CONCEPT OF SUCCESS

CHAPTER 5:  THE CONCEPT OF FAILURE

CHAPTER 6:  HOW TO EFFECTIVELY MANAGE INVESTMENT, SUCCESS AND FAILURE

CHAPTER 7:  MOTIVATINAL QUOTES

CONCLUSION

REFERENCES

DEDICATION

T o my mother, Late Mrs. Yawo Dauke Suleiman, who passed on to glory on 20 th January, 2007. She gave her best to make me what I am today. The product of this book is a result of her efforts. I will continue to put all her advice into practice and pass them on to my children and children’s children. May her humble soul rest in the bossom of the Lord, Amen

FOREWORD

I nvestment Success, (A Practical Guide to Managing Investments) is a product of a man’s tireless effort to make a meaning of the curiously uncertain world of business investments. The outcome of this initial effort is akin to the popular adage that ‘nothing ventured, nothing gain’. Having a breakthrough requires making some elements of sacrifice. It involves venturing into difficult and not well-known terrain. It is only the courageous that can make something out of an unsure situation.

The above captures the essence of investments and the attendant success and risk, which may eventually culminate in failure. Everything under the sun may change, but the cardinal principles of achieving success via investment remain unchanged.

The book discusses, among other things, the concepts and general principles of investment. It also discusses how to manage success and failure arising from investment while also creating awareness about the intricacies of investment.

One of the unique features of the book is that the author makes no pretense about failure in investment effort. He also emphasizes the value of money as the oxygen of investment.

I have agreed to write a foreword to this book because of its value to the business world. If we describe the book as a ’Sociology of Investment’, it will not be out of place.

This book is both for the high and the low, investment experts and non-experts alike. It is devoid of the usual complex mathematical computations associated with any investment conscious mind. This type of book is desirable at a time when the Federal Government has through its reforms, opened up the economy for investments opportunities.

The target audience, therefore, are investment counselors, managers in both public and private sectors, people with investment desires and who are afraid of business uncertainties.

J. Y. Maiyaki, Ph.D

Former Director-General,

Centre for Management Development, Nigeria.

ACKNOWLEDGEMENT

M y gratitude first goes to the Almighty God. Without His inspirations this book would not have been possible. He bestowed on me the ability to write when humanly speaking, I thought I could not.

I especially appreciate my dear wife and children for their unconditional love and understanding during the period of writing this book. It was not easy, but their continuous support and encouragement made it possible for me to forge ahead. I feel proud having them as family.

To my employers, the Nigerian National Petroleum Corporation (NNPC), where my pay-cheque comes from I sincerely thank the management for giving me the opportunity to grow and improve myself to the level of writing this book.

My colleagues, at the NNPC, and Brass LNG, especially Mrs. Philomena Ikoko and Olujimi Tewe who proof read the book I thank them for a wonderful contribution, support and cooperation.

I also want to acknowledge the 1st Fifty Investment Club for entrusting me with the leadership responsibility that exposed me to putting into practical use the ideas of this book. Investing part of the members’ monthly income into assets that are yielding great returns for their collective benefit is a wonderful experience.

To the Centre for Management Development who edited and foreword this book, I thank them for accepting my manuscript and encouraging me. Dr. Maiyaki, you are a wonderful mentor.

To the management of Kazlight Nigeria Limited, especially Mr. Iliya Usman and staff and Adekunle Ade who formatted and designed the book, thank you for the efforts and support.

I indeed also want to acknowledge Professor A. S. Mikailu of Usman Dafodio University, Sokoto State, Nigeria. He reviewed and critiqued the book. I thank him for the time and efforts.

I also sincerely appreciate the support and contributions of other mentor like Dr. Obadiah Mailafia, Former Deputy Governor, Central Bank of Nigeria, A.V. M Ishaya Shekari (rtd), Mr. Ishaya Dare Akau, Chief Musa Aduwak and Chief Bulus Danmagaji.

To all the individual authors whose ideas have formed part of this book that could not be recognized, I thank them for making their ideas available to me.

And to those who contributed in one way or the other to make this book a success, especially my friends, Timothy Sheriff, Habila Madaki, Bala Zakka, and others too numerous to mention, thank you for the wonderful support and contributions.

Zachariah Dauke Suleiman,

Lagos, Nigeria.

INTRODUCTION

F or many years past the urge to write a book on Investment Success: A Practical Guide to Managing Investments had been in my mind but due to continued procrastination, it was not acted upon. However, I found that the more I procrastinated, the more the urge to write kept coming into my heart. Apart from this, there was this believe that only highly gifted and talented people could write and even expressed themselves to the delight of the reading public. Interestingly, the more I remember this saying, the more the urge to write kept coming.

The keen interest in the concept of investment kept developing due to my background having read Business Administration as a first and second degree. This interest also led me to read a lot of books on investment, success and failure even after my formal education. As I read, the interest to share my discovery continued to grow and the urge to write also increased.

I have discovered over the years of reading, that there is a relationship that is hidden in the concepts of investment, success and failure that many people are not aware of. This relationship manifest whenever you invest. Any time you invest whether on yourself, family, career, health, finance and personal development, two things happen. You either succeed or fail. When you succeed, there is need to continue to succeed as success is a process and not a destination. To continue to succeed, there is need to effectively manage the success achieved. Inability to effectively manage your success would lead to failure. You must effectively manage failure for you to get out of failure to succeed again after experiencing setbacks.

Most people are scared of failure that they cannot commit their resources into investment. Some who are bold enough to invest incidentally do not know how to effectively manage their success to avert failure. Some are able to overcome failure and still forge ahead to succeed whereas, the majority usually accepts failure and quit.

What I discovered over the years is the product of this book you are reading today. In this book, I intend to treat investment, success and failure as concepts. Bring out their relationship and also discuss the different ways you can effectively manage these three concepts, bring out their relationship and also discuss the different ways you can effectively manage them. The way you manage or mismanage these concepts would definitely determine your progress or regression in life. How you effectively manage your investment will determine how successful you will be. The way you manage your success will in turn determine your continues progress in life. It is the same with failure. The different types of investments would be discussed in this book.

In between these three concepts lays the oxygen of investment - money that is required for you to function properly. It is my intention to further expose the nature of money, the other aspects of money, the different ways people acquire money and the fundamental ways of handling this commodity called money.

Success can be sweet as it brings along more friends, additional contacts, popularity and access to many opportunities. Success could also be bitter as it could also come along with more enemies and challenges. If care is not taken, success if not effectively managed could disappear within a twinkle of an eye. The concept of success would be discussed in this book. The phases of success and necessary ways of effectively managing the success achieved would also be discussed.

Failure to achieve set goals after several attempts can be frustrating. It is not the inability to meet expected result that matters but the ability to persist and try again. What really makes us fail is the lack of courage and zeal to continue in our struggle whenever we experienced a setback. This calls for a proper way of effectively managing failure. When you give up anytime you experience a setback, you have accepted to be a failure. Failure should be seen as a friend not an enemy. Failure should be the price you pay for success. That extra effort you put in after experiencing a setback could be the magic act that you may require to look beyond failure and achieve success.

Investment Success: A Practical Guide to Managing Investments is a necessary book that would add value to you. Just be patient, focus and read on with zeal to find out how to effectively manage these concepts. I would like to appeal to you to put whatever you read into practice so that your financial independence will be achieved.

CHAPTER ONE

THE CONCEPT OF INVESTMENT

T he times are changing faster now than before. You will agree with me that the world of today is different from the world we all knew some years back. Our organizations and the society we live in today have changed from what