Fafanua

Lo! Kuna aina mbili ya mvua. Mvua nzuri, na mvua mbaya. Darubini yako yatwambia ni gani?

For those saying cash is king, umm, not in Kenya. Inflation is eroding your cash, if I was in Kenya I would put my reserve cash in Tbills or anything that has a decent return, like the 91 day one. And yes, I would be buying, but kidogo kidogo, then hopefully if you are employed, use your salary to pay for your bills, forget about going out, eating out, movies etc etc. Just focus on making your money work for you, the money you have left over after paying bills, if its big enough buy more Tbills, if its kidogo, buy you some stocks. I know it sounds contradictory, but that money is better off in the stock market than being eaten away by inflation. Since you cant call the bottom, you will have accumulated some stocks, and atleast your money will be growing somewhat, well inflation is still higher than the interest rates given. Now if you really have a big chunk of money, buy blue chips with high dividends, let the dividends pull you through this bear. Note that this bear might last a long while so kazeni mshipi

Thats the spirit. But thing is you need some money just in case of emergency. Imagine if you put all your money in stocks then you need money ASAP, you wont want to cash out of KCB at 16, thats why Tbills make sense. Instead of putting that emergency cash in a bank, you'd rather give it a little boost.
If you have 100,000 @ 13% thats 13,000 if you get a Tbill
However if you have 1,000,000 in my opinion its more advisable to buy a high yielding blue chip at say 6%, thats 60,000 every quarter plus when the market turns around, you have locked in your gains.

???? Mvua ikinyesha, mavuno tutakula