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I Have Kshs 2 Million to Invest. Please advise.
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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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  | | Edit by user: Friday, September 02, 2011 4:22 PM | Reason: Not specified
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: 573
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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  | | Edit by user: Friday, September 02, 2011 8:40 PM | Reason: Not specified
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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