By Mabaraza Brenda
In most cases when one comes across shares, dividends, capital markets, capital gains, stock broker, SCD account, among other related terms, they are baffled by what they mean. As evident from the term, a share is a unit of ownership in a company.
As the Capital investment revolution is upon us, we as a country should endeavor to intersect with the rest of the world and fight poverty in a different angle and investing in shares should be an eye opener.
Speaking to media during a Business reporting training in Kampala, Andrew Mwima, the Trading Manager at Uganda Trading Exchange said that,
“shares are one of the four main investment types, along with cash, bonds, and property.”
He added that,
“they carry risk, but they often offer the highest returns.”
A countless number of Ugandans today think investing in company shares is either difficult and tedious or meant for the rich.
“…after being interested in buying shares, I was given a pile of documents to fill, I got lazy and forgot about it,” NBS TV business reporter highlighted. Bernard Yiga, a UBC reporter had a similar encounter,
“…the process was so long for a beginner yet I had lots of other things to do,” he remarked.
Others said they had no money when Andrew Mwima openly posed a question to the journalists asking why they had no shares in any company.
He further disagreed with the claim that the process is long and tedious.
“…once you have contacted a broker, the next step is opening a Securities Central Depository (SCD) account which is free and simple to fill,” he supplemented.