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Any ideas - on how to maximize my returns
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Sabina
#1 Posted : Wednesday, September 22, 2010 10:49:55 AM
Rank: New-farer

Joined: 8/9/2010
Posts: 5
Look at this scenario a pal of mine, has left me some money {2m} to pay his lawyer upon perfection of some docs. This might take 1-2months which means I will be holding this money for that duration. I am tempted to through it in the stock exchange for that duration, which is against my investment policy - Invest Long term.
Any ideas from wazuans.
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My 2 cents
#2 Posted : Wednesday, September 22, 2010 10:54:51 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
DO NOT EVEN THINK ABOUT IT!!!!!!!!!!!!!!!!!!!!!!!!!!!
Use the money for the purpose intended by your friend. What kind of friend are you anyway?

If still in doubt, ask your friend what you should do with his money in this two months.
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wasee
#3 Posted : Wednesday, September 22, 2010 10:58:23 AM
Rank: Member

Joined: 2/5/2010
Posts: 273
Location: NBI
weka fixed deposit account.
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My 2 cents
#4 Posted : Wednesday, September 22, 2010 11:02:04 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
wasee wrote:
weka fixed deposit account.

I dont believe there is a fixed deposit account for 2 months.

They start from 3 months onwards......

Please good people do not encourage this Sabina person to misuse friends money.
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VituVingiSana
#5 Posted : Wednesday, September 22, 2010 11:05:34 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Las Vegas Casino in Westlands. Roulette Wheel #3. Don't tell anyone. bet it on #5.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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bird_man
#6 Posted : Wednesday, September 22, 2010 11:11:06 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Surely surely!....
Weka hiyo pesa in a fixed depo account and forget about using it.When time comes to use it pay the lawyer then ask your friend what you should do with the interest it will have earned.He might share some of it with you for being a good boy.
Formally employed people often live their employers' dream & forget about their own.
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mukiha
#7 Posted : Wednesday, September 22, 2010 11:20:43 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Invest the money with me; I'll give you 20% per week for 8 weeks and then return the 2m on the 9th week.

Email me for more details info[at]HumanBrainForSale[dot]com
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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se7en
#8 Posted : Wednesday, September 22, 2010 12:08:41 PM
Rank: Member

Joined: 11/27/2006
Posts: 108
put it in one of the higher earning money market accounts, they work great for short term commitements, the one i have gives me 6.5
speak softly and carry a big stick, you will go far... Theodore Roosevelt
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The Merchant
#9 Posted : Wednesday, September 22, 2010 12:14:04 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Whatever you choose to do let your friend know.
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Stealth
#10 Posted : Wednesday, September 22, 2010 1:19:50 PM
Rank: Member

Joined: 5/3/2010
Posts: 145
Location: East Africa
Be very careful. One mistake and your friendship is gone. Whatever you choose to do make sure your friend knows about it. Make no move without his authority. Be a trustworthy friend.
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