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I Have Kshs 2 Million to Invest. Please advise.
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guru267
#21 Posted : Tuesday, February 01, 2011 10:43:58 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:

I know Mumias will go sub 7/- and that would be a good time to buy.


There is no good time to buy mumias... The profits will be lower for very long...
Mark 12:29
Deuteronomy 4:16
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Ericsson
#22 Posted : Tuesday, February 01, 2011 11:07:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Buy Corporate Bonds.U are guaranteed interest every 6 or 12 months and they are safe and secure.No hasstles
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#23 Posted : Tuesday, February 01, 2011 11:28:35 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,452
goodiecom wrote:
Am successful business owner based in Uganda.
Since 2008,am doing mobile phone refurbishing. This is where I buy scrap phones from the UK and USA and work on them to virtually turn them unto ‘’new’’ working handsets.
A handset purchased at $8 usually sales at $37 and above after refurbishing it.
I currently have a proven sales record of over 1000 handsets per week.
With funding, the company is targeting a turnover of more than $1.6m in the first 12months. This project can surely or easily turn $100,000 into $1m just in 16monhts of investment.
any amount well above $25000 is worth investing
Call me on +256772666655or text me your details. for more info about this project.

What kind of English is taught in Nigeria? You guys should invest in some English lessons if your con job is to be a success. And your massacred English is very similar! Is there some sort of Con Job High School you all go to? Or do you all hail from the same village?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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The Merchant
#24 Posted : Tuesday, February 01, 2011 11:46:06 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
qw25041985 wrote:
@ azizakhadija . i mean even after havin all the spotlight,for being a quack u still dnt quite. Where actually are your offices if you have any ??? @ Nairobi City Centre u say . whats that ??? u expect your clients to search the whole of Nairobi City Centre !!!! can u put a proper location.Not that i am interested in your services but just for the sake of the wannabes who might fall into your trap.

Give this Aziza Khadija guy a break. He/She is just an agent for an investment bank. He is not even claiming to give certain returns. I do not think its wrong for one to solicit business in this forum especially when there is clearly a need. You don't expect him/her to vomit all his co. deatails here for all to see now do you? Better he sends such info on email. Be nice fellows.Shame on you
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jano
#25 Posted : Friday, September 02, 2011 2:07:38 PM
Rank: New-farer


Joined: 7/12/2011
Posts: 57
Location: nairobi
going for stocks with a short term goal might get you into a ditch,why not research on short term government t-bills? but if you consider money market as an option i can give some ideas since i work with icea asset management.drop me a mail janice.kinyua@icea.com
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mv_ufanisi
#26 Posted : Friday, September 02, 2011 2:42:06 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
I'd consider converting that money into Euros or Swiss Francs and keep it in the bank account. Between January to Now the NSE index has gone down by more than 20% and the foreign currencies i.e. Euros have gone up by 20%. As we go towards 2012 and the ICC process, I think the shilling is likely to weaken and the stock market to either go down or stagnate. Smart money is keeping cash for now.
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Ali Baba
#27 Posted : Friday, September 02, 2011 3:46:54 PM
Rank: Member


Joined: 8/29/2008
Posts: 571
Shs 2 million guy:Just be greedy when others are fearful and be fearful when others are greedy !!! But do your homework well.So many people here thrive on fear,like the guy telling you to convert your cash into dollars,euros etc.Once you have your ability to stomach the risk,go for it.Those fearful guys will just stay there,dreaming to one day have sh 2m....which they only see in end-year financial results of companies......
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hisah
#28 Posted : Friday, September 02, 2011 3:56:04 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mv_ufanisi wrote:
I'd consider converting that money into Euros or Swiss Francs and keep it in the bank account. Between January to Now the NSE index has gone down by more than 20% and the foreign currencies i.e. Euros have gone up by 20%. As we go towards 2012 and the ICC process, I think the shilling is likely to weaken and the stock market to either go down or stagnate. Smart money is keeping cash for now.

And someone mentions my favourite paper hedge - swissie aka swiss franc aka CHF. I'm looking at this thing CHFKES above 120/- looking to head to 140 before Dec 2011. I never the thot swissie would rally like mad vs KES having started hedging at 87/-. I was looking for 10 -15% gains based on the USDKES moves, but where the exchange rate is now and the loony toons at CBK and Treasury assure the the rate will be at highs for a while...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Wendz
#29 Posted : Friday, September 02, 2011 4:01:04 PM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
hey good people.....you mean this guy has never investment that money since early this year? He should have given me to keep for him.... i'd be returning it in full today.... without Bank charges..... or is it the usual wazuan style of not reading the date of the thread.....late advise? I know i am a culprit in some threads...
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Cde Monomotapa
#30 Posted : Friday, September 02, 2011 4:01:42 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Why would I buy the top instead of the bottom? I must want to make @hisah rich when he sells me his 87 bob CHFs.
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hisah
#31 Posted : Friday, September 02, 2011 4:20:17 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Why would I buy the top instead of the bottom? I must want to make @hisah rich when he sells me his 87 bob CHFs.


smile That's the nature of money... one's gains is another's loss... the game of musical chairs continues... The moment the USDKES broke down the 90/- barrier, that was as good a hint that it's all systems go... That 90/$ rate was my cue to selloff all NSE holdings and troop to the money market - now I'm hiding behind T-Bills until further notice...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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bwenyenye
#32 Posted : Friday, September 02, 2011 4:34:19 PM
Rank: Elder


Joined: 5/24/2007
Posts: 1,805
Interested wrote:
Thanks guys for your advice. Since I am a newbie in this, I have further questions: Should I choose to invest Ksh1.5m or the entire Ksh2m in the money market, how much interest should I expect within a year? And whats the best money market to invest in? Also, will I have the option of getting back my money (and any interest earned) say after nine months or are money market investments fixed and non-negotiable?


This guy is the con!
I Think Therefore I Am
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Cde Monomotapa
#33 Posted : Friday, September 02, 2011 4:34:24 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Why would I buy the top instead of the bottom? I must want to make @hisah rich when he sells me his 87 bob CHFs.


smile That's the nature of money... one's gains is another's loss... the game of musical chairs continues... The moment the USDKES broke down the 90/- barrier, that was as good a hint that it's all systems go... That 90/$ rate was my cue to selloff all NSE holdings and troop to the money market - now I'm hiding behind T-Bills until further notice...

There U have it folks smile know what U are doing.
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Cicero
#34 Posted : Friday, September 02, 2011 5:23:47 PM
Rank: Member


Joined: 7/7/2009
Posts: 111
It may be better to buy a plot of land which in two years may be worth 4 million that any other asset or anything else in the money market. Real estate is always going up far above the inflation rate but i havent seen that when it comes to shares especially for the last 3 years (2008 - 2011).

I kept my shares when i friend of mine bought land in Membley in 2008 a quarter at 1.5 million. Now the same quarter is 3.5 million and my shares money has not given me a cent.

Shares require Euphoria followed by a huge Dysphoria for investors to make money ...

But for the last 3 years Kenyans and foreigners have ignored the market. NSE has lost loads of money for majority of investors ... especially those not schooled enough to follow closely, listen hard and sell out when there is danger ...

Good luck however!
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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Ali Baba
#35 Posted : Friday, September 02, 2011 7:08:56 PM
Rank: Member


Joined: 8/29/2008
Posts: 571
Euphoria: You said it all.90% of investors who buy through euphoria hardly make any money.They just loose their hard earned cash to 10% sophisticated investors who bought earlier when there was no euphoria.Buffett says you can't buy what's popular and do well.You must buy early enough.
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Drunkard
#36 Posted : Friday, September 02, 2011 7:10:47 PM
Rank: User


Joined: 5/3/2011
Posts: 559
Interested wrote:
I have saved Kshs 2 million and would like to invest it in a lucrative business that will give me a good return on investment in the short-term (3 - 6 months) as I save up for long-term investments such as property. I need a business that requires little day-to-day attention or in which I can employ only one assistant to do the day-to-day stuff because I have a very busy job and won’t be able to run and manage every little thing in the business. Any ideas?



2 million is not alot of money, my advise is, buy something you're comfortable with, something you'll sleep happy. If you're to invest, invest 33% of you 2 million every year for 3 yrs, that way you build confidence on what you're doing, after the first year, you should be able to see some returns!
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2012
#37 Posted : Friday, September 02, 2011 7:15:46 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I hope you bought land. There's no better security at this time.

BBI will solve it :)
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Cde Monomotapa
#38 Posted : Friday, September 02, 2011 8:36:54 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
@hisah... I bet U r dumping those CHFs. Swiss QoQ employment level falls from 4.11M to 2.77M Sad
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Cde Monomotapa
#39 Posted : Friday, September 02, 2011 8:43:49 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
@hisah... I bet U r dumping those CHFs. Swiss QoQ employment level falls from 4.11M to 2.77M Sad

so much for the "safe haven" herding.
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kenyancontractor
#40 Posted : Saturday, September 03, 2011 9:23:16 PM
Rank: New-farer


Joined: 9/3/2011
Posts: 13
Gold is going to get to $2000/ounce! Check out the gold ETF -GLD I would park my money there for a while.
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