Establishing The Effect Of Investment Strategies On Wealth Creation In Uganda
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The study was carried out to assess the effect of investing strategies on wealth creation in Uganda. Using both quantitative and qualitative approaches, the study adopted correlational and cross-sectional designs on a sample of 96 respondents. Data analysis was carried out at univariate, bivariate and multivariate. Univariate analysis involved use of percentages and descriptive statistics in particular the mean, bivariate was carried out using correlation and multivariate analysis was carried out using regression. The study found out that investment strategies had a significant positive effect on wealth creation. The investment strategies included investment in estates, company shares, income generating businesses, higher qualifications, business partnerships who provide profitable services. It was therefore concluded that Investment strategies which were made matched with the low wealth creation. The study recommended that employers both in private sector and public civil services should enhance the remuneration of employees such that they have some money to spare for investment in order to generate wealth, the government of Uganda should help to train the people in investment, and policy makers in Uganda should design policies that encourage investment to help people create wealth.
- Social Sciences