The CEO of OctaneDC, Dr. Suzy Aku Puplampu, has shared valuable insights for individuals especially those under the age of 30, emphasizing the importance of consistent savings and smart investments.
In an interview with TV3 Dr. Puplampu recommended individuals allocate a minimum of 10% of one’s earnings for savings.
“Under 30, starting at a base of 10% of your earnings, let’s say 1,000 on a regular basis. Constituency is very important, you don’t start and stop.” If you earn GHC1000 every month, you should at least save GHC100 every month,” she added.
Addressing the question of what to do with the accumulated savings at the end of the year, Dr. Puplampu highlighted the core principle: “The idea is to invest it in something.”
She stressed the importance of strategic investment, emphasizing that merely saving is not enough.
“Investing will come with an interest which will help you have a little above what you have saved,” she added.
OctaneDC is a Ghanaian-owned investment advisory and fund management firm, operating under the regulatory oversight of the Securities and Exchange Commission (SEC).
Its commitment lies in delivering tailored fund management and advisory services to both individuals and institutions.
Within its comprehensive range of offerings, OctaneDC specializes in providing services such as mutual funds, pension funds, portfolio management (with a focus on High-Net-Worth Individuals), institutional funds, endowment funds, and support for investment clubs.
Through diverse portfolio, OctaneDC aims to cater to the distinct financial needs and objectives of its clientele, ensuring a bespoke and effective approach to wealth management.
If you earn GHC1000 every month, you should at least save GHC100 every month – Dr. Suzy Aku Puplampu, CEO of OctaneDC#TodaysWoman pic.twitter.com/kyIX9goDvS
— #TV3GH (@tv3_ghana) January 21, 2024