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Treasury Bills Investing-Procedure?
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Nabwire
#51 Posted : Sunday, January 08, 2012 12:28:50 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
erifloss wrote:
Everything held constant for the year at the current rate of 20.696%, if one rolls over their investment the effective rate will be around 22.35% now where else can one get a safe return like this.



20% is roughly 5% every 3 months, even if we get generous and stretch it to 9% every 3 months, thats only 3% per month!! Nimekataa, there are stocks that rally 10% in a couple of days, I just dont get it. But then again, Im not loking for a safe return.
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Nabwire
#52 Posted : Sunday, January 08, 2012 12:31:07 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
.
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  | | Edit by user: Sunday, January 08, 2012 12:32 AM | Reason: Not specified
Impunity
#53 Posted : Monday, January 09, 2012 9:04:30 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
I'm glad am making money from the bear economy.
T-bills for now is better than keeping the money in the bank or buying paka at 1.50 spend sleepless night as the price slides below 1 bob!
smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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QW25081985
#54 Posted : Monday, January 09, 2012 9:28:28 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Nabwire wrote:
erifloss wrote:
Everything held constant for the year at the current rate of 20.696%, if one rolls over their investment the effective rate will be around 22.35% now where else can one get a safe return like this.



20% is roughly 5% every 3 months, even if we get generous and stretch it to 9% every 3 months, thats only 3% per month!! Nimekataa, there are stocks that rally 10% in a couple of days, I just dont get it. But then again, Im not loking for a safe return.



now what the heck are you sayin????
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Impunity
#55 Posted : Monday, January 09, 2012 2:27:11 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Repetition posting.
See below.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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  | | Edit by user: Monday, January 09, 2012 4:26 PM | Reason: Not specified
Impunity
#56 Posted : Monday, January 09, 2012 2:33:00 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Borrowing from SACCO at between 12-14% then putting everything in T-bills at 21.96 pa (364-Day paper) now seems to make economic sense!

Say borrow 1,000,000 at 14%pa and pay total interest of 77,400 and invest in 364-paper at 21.96% and get 152,000.

Net profit = 152000-77400 = 77,600 (Better that sitting and thinking nothing)
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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kyt
#57 Posted : Tuesday, January 10, 2012 9:12:34 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
impunity thats an idea right there
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Impunity
#58 Posted : Tuesday, January 10, 2012 9:43:24 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
kyt wrote:
impunity thats an idea right there


But you need to be in job or bizna paying you some 89,700 shillings per month coz this is the monthly contribution the bank/sacco will expect from you every month end.
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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bird_man
#59 Posted : Tuesday, January 10, 2012 10:11:51 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
So you take a loan of 1M to make about 70K that whole year?
You had better even buy cows or plant something.1M for 70K.....
Formally employed people often live their employers' dream & forget about their own.
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Mainat
#60 Posted : Tuesday, January 10, 2012 10:32:12 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Impunity-you are right. I believe this is how the money market funds are doing it...
Sehemu ndio nyumba
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