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    Stock Investing for Young Ethiopians
    Stock Investing for Young Ethiopians
    Stock Investing for Young Ethiopians
    Ebook120 pages51 minutes

    Stock Investing for Young Ethiopians

    By Elias Tsegaye

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    About this ebook

    This small book was written to help young investors in Ethiopia understand the basics of investing in the stock market. It covers topics in investment analysis, portfolio management and financial independence.  

    LanguageEnglish
    PublisherElias Tsegaye
    Release dateJun 15, 2020
    ISBN9781393988786
    Stock Investing for Young Ethiopians
    Author

    Elias Tsegaye

    Elias Tsegaye is an economist who has worked in major development projects over the years. He is also the co-founder of maagus.info, a capital management startup that aims to educate young investors and create massive opportunities in the Ethiopian economy. In addition, he Is a commercial pilot and spends most of his days crisscrossing Africa and the Middle East.

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      Book preview

      Stock Investing for Young Ethiopians - Elias Tsegaye

      1.  Why this book is essential for you

      Investment is a basic fact of life. Sowing and reaping, expanding, multiplying are all natural phenomena. Those who understand the principles of investment can make their lives easier, while those who don’t are captured in a circle of poverty, self-pity, and destitution.

      No doubt, as a hard-working Ethiopian eager to improve your economic situation, you want your hard-earned labor to reward you with growing wealth. For this to happen, you need to have at least a basic understanding of investment principles. By reading this book, you will gain a basic understanding of stock valuation and investment, and portfolio management in the Ethiopian context.

      You need to know about investment because everything you need can be acquired by investment. A house, a car, and some level of financial security; are considered necessities these days, but you should not expect the government or someone else to hand you these things. That is simply impossible.  There needs to be self-responsibility, a conviction that you, and nobody else, is responsible for taking care of you.

      This small book is written for the young people of Ethiopia, who need to understand what personal investment is, and how to increase wealth using ancient and time-tested methods. It gives a basic understanding of the economic situation of the country, the available investment options, how to analyze investment decisions, and general guidelines on how to manage a portfolio of investments.

      Who this book is for

      Although this book was written for young Ethiopians, it might not be helpful to all young people. It is rather targeted at those who have achieved a certain level of financial success. Although not definitive, a typical reader of this book should be aged 20-45, with a stable income, having a saving of 40,000 ETB at least, and is considering making investments to grow his/her wealth.

      Why I wrote this book

      As a young man in high school, whose mother was an aid worker, I had witnessed some disturbing aspects of poverty during the 2010/11 drought in Hararghe zone, eastern Ethiopia. Since then, the question of poverty and how it can be tackled had haunted me. Not long after graduating, I joined the  Ethiopian government body tasked with helping the country reduce poverty. Ironically, while working as an agent of development, I found myself in a position of lack. As a graduate whose only skill was a vague understanding of economics, I found my income insufficient to meet my monthly needs, let alone plan for investment.

      My stint in the government, despite its financial unpleasantness, increased my understanding of poverty both at a national and personal level.  It was during those days that I sat up many nights reading into ways of tackling poverty sustainably. What was different this time was that I was reading to also tackle my poverty.

      I have performed a lot of career and education gymnastics since then to stabilize my economic life, and some of the things I did worked. Finding myself with a relatively stable and good income, I took up the challenge of creating a guideline for people like myself to create and/or increase their wealth.

      The issue of youth poverty is indeed a pressing issue, as can be evidenced by the political and social instability rocking the country.  Something has got to be done to help the youth in the country see a brighter future. As things stand now, the only thing they can see is the gaping mouth of poverty, ready to swallow them whole into a life of destitution, illegal migration, prostitution, and other very unpleasant things. No wonder they are rebelling against a system and institutions which have failed them drastically.

      The way I see it, the masses of university graduates have nothing going right for them.  Other than low wages in the civil service, they also suffer from low wages in the private sector or face outright unemployment. Those who are faced with unemployment have the unpleasant alternative of becoming thieves, prostitutes, leaving the country to work for foreign masters in utterly despicable conditions, or fighting what they perceive to be an unjust system.

      Even those who were lucky enough to be hired in the few government positions or private offices are faced with a bleak future, owing to the meager salaries which are hardly adequate even to meet their nutritional needs.

      The problem could be summarized as a situation whereby tens of thousands of new graduates periodically swarm the economy which can offer only a few

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