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what do i do with my extra kshs 10000?
Rank: Hello Joined: 3/27/2012 Posts: 1
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Hi Guys, I am new in this forum and need your advise on what to do with some extra 10k I have every month.I have met all my expenditures and am a member of mhasibu Sacco.I want to diversify my investment and dont want to add this money to Mhasibu Sacco.I am considering the following options: a)Put the money in the fixed deposit account in Faulu to earn 13% return. b)Buy some shares. c)Invest in government bonds-though i heard i need 50K for a start. d)buy some unit trusts. Your wisdom guys is most welcome "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
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Rank: Member Joined: 11/24/2011 Posts: 833
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take time to read al threads on similar lines and you ll make up your mind
karibu sana
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Rank: Member Joined: 4/14/2011 Posts: 639
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peterinvestor wrote:Hi Guys,
I am new in this forum and need your advise on what to do with some extra 10k I have every month.I have met all my expenditures and am a member of mhasibu Sacco.I want to diversify my investment and dont want to add this money to Mhasibu Sacco.I am considering the following options:
a)Put the money in the fixed deposit account in Faulu to earn 13% return.
b)Buy some shares.
c)Invest in government bonds-though i heard i need 50K for a start.
d)buy some unit trusts.
Your wisdom guys is most welcome shamba,shamba,shamba
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Hunderwear wrote:peterinvestor wrote:Hi Guys,
I am new in this forum and need your advise on what to do with some extra 10k I have every month.I have met all my expenditures and am a member of mhasibu Sacco.I want to diversify my investment and dont want to add this money to Mhasibu Sacco.I am considering the following options:
a)Put the money in the fixed deposit account in Faulu to earn 13% return.
b)Buy some shares.
c)Invest in government bonds-though i heard i need 50K for a start.
d)buy some unit trusts.
Your wisdom guys is most welcome shamba,shamba,shamba Utashomeka bule for shamba. For a start continue saving as u continue thinking,no hurry in Afrique. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 7/9/2011 Posts: 730 Location: Nairobi
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read more about shares then buy a few months to the election save some in a sacco then after a while you can buy a shamba through the sacco use some to improve yourself ie get another qualification/skill to increase your chances of promotion or earning in short dont put your eggs in one basket, hakuna perfect investment, returns depend on your risk appetite and exposure happy hunting our goals are best achieved indirectly
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Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi
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Karibu sana!
Investments should follow your life goals.
You need to ask yourself what you want to have in your life in the short term and in the long term.
For me shares and interests on deposits are vehicles for getting enough money accumulated to do what I want. They are short term goals that lead me to achieving long term goals. If you put 10k a month in Faulu for 13% return, how long will it take before it gets to the goals you have set for yourself ?
Stocks fluctuate in value and the dividends paid out are rarely worth talking about, the only time you make substantial money in stocks is when you buy low and sell high. Note; you have to sell to make the money, holding a portfolio of stocks indefinitely is not investing.
You need a long term plan.
1. If you want more academic qualifications, a better job or a different career, then you can save that money and put it into education: go to college, buy books etc.
2. If you want to own property like land or a house,, then you need to start looking at what you want to buy, note the prices while still saving to move towards that goal.
3. If you have a family, you will need to educate kids, provide for their entertainment and future needs. You can start putting aside some for the child's high school and college education.
4. If you intend to go into business at some point, use the cash to build your capital for the business, while working on your business plans and doing research on what you wish.
The 10k might look kidogo but inch by inch everything is a cinch, whatever you choose to do with it in the short term, don't gamble it and decrease or loose it. If you are not sure, the fixed deposit thing is probably your best bet for the short term.
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Rank: Member Joined: 12/7/2010 Posts: 520 Location: Epicentre - Ngamia 1
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madhaquer wrote:Karibu sana!
Investments should follow your life goals.
You need to ask yourself what you want to have in your life in the short term and in the long term.
For me shares and interests on deposits are vehicles for getting enough money accumulated to do what I want. They are short term goals that lead me to achieving long term goals. If you put 10k a month in Faulu for 13% return, how long will it take before it gets to the goals you have set for yourself ?
Stocks fluctuate in value and the dividends paid out are rarely worth talking about, the only time you make substantial money in stocks is when you buy low and sell high. Note; you have to sell to make the money, holding a portfolio of stocks indefinitely is not investing.
You need a long term plan.
1. If you want more academic qualifications, a better job or a different career, then you can save that money and put it into education: go to college, buy books etc.
2. If you want to own property like land or a house,, then you need to start looking at what you want to buy, note the prices while still saving to move towards that goal.
3. If you have a family, you will need to educate kids, provide for their entertainment and future needs. You can start putting aside some for the child's high school and college education.
4. If you intend to go into business at some point, use the cash to build your capital for the business, while working on your business plans and doing research on what you wish.
The 10k might look kidogo but inch by inch everything is a cinch, whatever you choose to do with it in the short term, don't gamble it and decrease or loose it. If you are not sure, the fixed deposit thing is probably your best bet for the short term. Insightful  Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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Rank: Member Joined: 8/4/2009 Posts: 136
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I'd say put the money in a sacco and when you have saved enough borrow a loan and use that for a project
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Rank: New-farer Joined: 5/13/2011 Posts: 41
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Forester wrote:madhaquer wrote:Karibu sana!
Investments should follow your life goals.
You need to ask yourself what you want to have in your life in the short term and in the long term.
For me shares and interests on deposits are vehicles for getting enough money accumulated to do what I want. They are short term goals that lead me to achieving long term goals. If you put 10k a month in Faulu for 13% return, how long will it take before it gets to the goals you have set for yourself ?
Stocks fluctuate in value and the dividends paid out are rarely worth talking about, the only time you make substantial money in stocks is when you buy low and sell high. Note; you have to sell to make the money, holding a portfolio of stocks indefinitely is not investing.
You need a long term plan.
1. If you want more academic qualifications, a better job or a different career, then you can save that money and put it into education: go to college, buy books etc.
2. If you want to own property like land or a house,, then you need to start looking at what you want to buy, note the prices while still saving to move towards that goal.
3. If you have a family, you will need to educate kids, provide for their entertainment and future needs. You can start putting aside some for the child's high school and college education.
4. If you intend to go into business at some point, use the cash to build your capital for the business, while working on your business plans and doing research on what you wish.
The 10k might look kidogo but inch by inch everything is a cinch, whatever you choose to do with it in the short term, don't gamble it and decrease or loose it. If you are not sure, the fixed deposit thing is probably your best bet for the short term. Insightful Informative...very informative Whenever you find yourself on the side of the majority, it is time to pause and reflect.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Go to a broker and buy shares in HFCK and Kula 12% in just dividends.. These are the best returns for 10k ANYWHERE!! Mark 12:29
Deuteronomy 4:16
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