The US stock market is the largest creator of wealth for US citizens. It’s the engine that fuels so much of the industry and growth that makes the US economy the biggest in the world. Americans are lucky for having easy access to it, and millions of people benefit from it daily, totally passively, without even thinking.
In the developing world, reliable passive investments such as this are scarce. When millions of people from these nations earn money, there are often no real options for reliable passive investments to help them build their wealth and achieve their financial goals.
After many years of living, working, and investing in the US, me and some of my partners moved back to Africa (Ghana & Ivory Coast specifically) and we quickly realized this problem. As soon as we began telling people about earning money from stocks and mutual funds, people begged us to invest their money. We started investing for friends and family, and they saw great results. People were able to invest money to start businesses, buy equipment, save for children’s school fees, and more.
So, we decided to make it our mission to provide this wealth-creation engine to as many people as we could.
-Kojo Mienza
Founder, xMutual