By Amanda-Ellen Jojo
COMMITING capital towards the stock exchange is one of the rewarding endeavors that lead to financial freedom.
In a book titled; “Zimbabwe Stock Exchange Stories From Retail Investors,” Albert Nangara (25) combines 25 stories which are rich in teachings coupled with tactics from the investment society.
“The main fabric of the book is story-telling to inspire. You will find 25 unique stories which are different in their own way but common in that they describe Exodus to the market, regrets and lessons and some words of advice from other retail investors.
“It was launched on 11 March 2022 and the response so far is just overwhelming with other people coming back and saying they were inspired and go lengths to register accounts and starting investing which was the main aim really,” Nangara told The Entrepreneurial Magazine.
The book is a weighty read which presents captivating accounts and strategies through colorful personalities and variety of tools set to aid potential investors on the Zimbabwe Stock Exchange (ZSE) to make sound decisions.
“The target market is everyone, also those who are already investing on ZSE can read it to learn from other people and avoid some certain mistakes done before as well as those who are not investing it will act like a catalyst or stimuli to start doing so,” Nangara added.
Nangara doubles as an entrepreneur (founding director of Analyte Laboratories) and financial literacy enthusiast because he believes that investing and entrepreneurship complement each other.
He said: “Investing is one of my interests among many others and I believe it is not limited to what I do but what I do kind of cement my investment decisions and help me grow thus the book was inspired by the need to encourage others to participate on capital markets but using our very own and relatable Zimbabwean context.
”In that regard, he underscored that taking part in the financial literacy drive has given him peace of mind especially in his entrepreneurial activities.
“I no longer worry about certain things which will come that require financial aid since I know I have value in my portfolio. I will just sell my shares, withdraw and do whatever I want.
“To the economy at large, investing gives companies capital for growth and new projects financing which will catapult revenue and it gives diversity too,” he said.
Nangara’s philosophy on investment, financial literacy and inclusion overlaps with this year’s theme of the Global Money Week which is, “Build your future, be smart about money.”
The theme captures the significance of thinking about the future when making financial decisions.Commenting on that he said; “Everything that advocate for financial freedom is a winner for me, the Global Money Week is a wonderful initiative and I applaud those spearheading it. Now we can’t talk about being smart about money without talking about investing. build your future yes, but how? investing is one of the paths to doing so.”