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ADVICE ON BEST INVESTMENT REQUIRED
Evolve
#1 Posted : Saturday, January 15, 2011 9:30:17 AM
Rank: Member

Joined: 9/25/2007
Posts: 96
A friend recently lost his job and seeking advice on possible investments to guarantee himself some income as he looks for another job. Luckily he has been investing in the stock exchange and has a portfolio of approximetely Kshs 4 million. I have adviced him to offload some of the shares as the dividends yields are too low and invest in money market. As he contemplates what to do, your ideas may save a soul.
qw25041985
#2 Posted : Saturday, January 15, 2011 10:00:04 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
a portfolio of approximetely Kshs 4 million . thats quite impressive for an unemployed...but we all know where the real money is at FOREX......with forex 4 million will toooooooooooo extravagant a capital...a mere $1000.00 is enough to asure him a 100% within a month or two..This past week i made $700.00 on my forex trading and i know next week it'll be better...
i have been actively forex trading for a year and a half so i know what i am talking about...
Your future depends on your dreams so go to sleep !
Njung'e
#3 Posted : Saturday, January 15, 2011 11:25:11 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@qw,
...NKT!....Be a gentleman na ulipe deni ya VVS.
Nothing great was ever achieved without enthusiasm.
sparkly
#4 Posted : Saturday, January 15, 2011 11:54:17 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@evolve give us more details. If your friend is young and likely to get a job in 1 or 2 months he can liquidate some of the stocks for tarmacking. If older and chances of getting a job soon slim he shld cut living expenses first - move to a cheaper house, take kids to cheaper schools, sell car. Then he can look for job or start biz. 4m is too little to produce a passive income that can sustain a middle class family.
Life is short. Live passionately.
kyt
#5 Posted : Saturday, January 15, 2011 11:58:39 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
I think the guy does not need advice, he has done 4M! He can do it again! And again!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
ngapat
#6 Posted : Saturday, January 15, 2011 2:43:23 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
qw25041985 wrote:
a portfolio of approximetely Kshs 4 million . thats quite impressive for an unemployed...but we all know where the real money is at FOREX......with forex 4 million will toooooooooooo extravagant a capital...a mere $1000.00 is enough to asure him a 100% within a month or two..This past week i made $700.00 on my forex trading and i know next week it'll be better...
i have been actively forex trading for a year and a half so i know what i am talking about...


Forex is highly rewarding but very risky. It will take you like 2yrs to learn with lots of research and practice A/C with no surelity of succeeding. You should only try it if you r stable financially
“Invest in yourself. Your career is the engine of your wealth.”
Gordon Gekko
#7 Posted : Saturday, January 15, 2011 4:07:00 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@sparkly, if older he probably has a mortgage. He should liquidate it with the cash. That will protect the investment and assure his family a roof. Food and fees to be followed up later.
Wendz
#8 Posted : Monday, January 17, 2011 9:56:09 AM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
kyt wrote:
I think the guy does not need advice, he has done 4M! He can do it again! And again!


The guy was employed. That's how he made his money. He lost his job.

How about liquidating some of it. use some to speculate on properties? He can also try this agency banking though it is also very risky given all the robbery going around.... but he could get something that will keep him going in the meantime.
2012
#9 Posted : Monday, January 17, 2011 10:25:50 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
@Evolve,

I think your advice was wise.
First to pay rent for 1yr (if you're renting). If he has kids in school he should put half money (2m) in a fund. I'd recommend Income fund or money market with Britak or where you can get a minimum annual return of 8% (I use britak) and with 2m you're guaranteed of at least 160k per annum divide that by 3 school terms and you get 53k. When school fees and rent are taken care of life becomes manageable.

BBI will solve it
:)
Evolve
#10 Posted : Monday, January 17, 2011 10:54:45 AM
Rank: Member

Joined: 9/25/2007
Posts: 96
My friend is in his mid-thirties and has a young family (two kids aged 10 and 5). Luckily, he has a house in the suburbs which he does not pay a loan. The house is incomplete but is habitable.
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