Imagine investing N100,000 in various assets at the start of 2024 and seeing how they perform by December 30. BusinessDay analyzes the performance of the investments and the factors influencing their growth or decline.
1. US Dollar – N170,132: A N100,000 investment in USD would now be worth N170,132 due to the Naira’s depreciation.
2. Dangote Cement – N149,700: An investment of N100,000 in Dangote Cement stocks would be worth N149,700 with a 49.7% year-to-date increase.
3. Bitcoin – N379,587: A N100,000 investment in Bitcoin would now be worth N379,587 due to its impressive growth in 2024.
4. MTN Nigeria – N78,712: An investment of N100,000 in MTN Nigeria shares has declined to N78,712 due to the company’s financial struggles.
5. GTCO Holdings – N140,700: A N100,000 investment in GTCO Holdings would return N140,700 with a 40.7% year-to-date gain.
6. Ethereum – N253,430: An investment of N100,000 in Ethereum has grown to N253,430 due to its 49% year-to-date appreciation.
7. Vanguard S&P 500 ETF – N214,903: A N100,000 investment in the Vanguard S&P 500 ETF now stands at N214,903 due to its 26% appreciation over the year.
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