Investment: doacInvest's founder, Didi-Omah Augustine Chinazaekpere Speaks On The Danger Of Owning Shares In Your Name

One of the mistakes most people makes in owning stocks or company shares is owning it personally. Because if you do so, you are exposing yourself to more liability and disasters ahead. Executive. Let us come to natural context: Augustine owns some units of shares at UBA Nigeria worth over millions of Naira. When marital divorce or family division or relative conflicts that attract financial legal rights — that shares will be divided and given to the other party.

Yes, but the third parties did not invest, they didn't contribute to own the shares, but legally they have become owners of millions of Naira shares at UBA Nigeria through Augustine's finances in the cause of some differences that occurred. See, investors ought to think wisely, widely and ahead. Taking risks is taking calculated risks not blind risks. Executive. We are to take calculated risks not blind risks. Because when we take blind risks we fall into the deep ditch pit.

I personally own nothing but I control things. Nothing do I own personally but I control tangible, valuable and potential assets. Because I corporately invest in these. Here is what I have discovered from my years and studies in investment. When starting an investment, you can start personally no doubt, but when that investment is above five million naira or in any currency of your country or in the world. Please, get a business name, legally register that business name, legally turn it into a company through registration — then let that company hold the investment.

From five million naira and above, you should not be holding it personally, let your registered company do so. You can start investing personally it is perfect, but as your investment is increasing definitely you are earning money to make all these registration and banking documentation possible. Be more strategic in increasing money and be more open to make money. Think of divorce, think of family issues, think of landlord wahala, think of any disaster ahead of time. Executive. We are not praying for evil but we are planning and securing ourselves from evil — and this is the best approach.

The company holding your investment may not have a physical location at start but it must have a legal and registered presence for you to scale and be above any personal or marital or family or relationship issues that will divide your investment to third parties that did not understand your statement, because of some differences. So you should be a calculated risks taker not blind risks taker. Executive. We can transfer our shares or investment to anyone within our power, yes, we can do so. Let it be that you transfer your investment to someone and not it divided by court to someone due to some differences.

© Didi-Omah Augustine Chinazaekpere 

Founder/President, doac, Invest.