Wazua
»
Investor
»
Bonds
»
Treasury Bills Investing-Procedure?
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Mainat wrote:March-May rains maybe on the light side. Oil is under pressure from the Iran thingy. I also expect general election related money supply... I however have a bet with somebody that the inflation will be "adjusted" again. Downward ofcourse BD had an article about IMF having 'issues' with the current inflation model. The same IMF that recommended a change (fudging of the model) back in Feb 2010 is now saying that their recommendation was not good enough. Absolute horse sh**
I too expect the inflation model to be 'tweaked' yet again to hide the KES devaluation as money has to be printed to fund the elections.
Inflation at single digits this year even if it rains from today till 31/12/2012 can only be achieved by fudging the inflation model again.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
|
Drunkard wrote:@Nabwire,
we've been in process of building a Diaspora Investment Fund that mainly invest in Kenyan Market (equity, fixed income and alternative investments) and small cap US public traded companies, even though the fund is structured such that it is a closed fund( investment by invitation), We envision more Kenyans in Diaspora starting structure that will facilitate investments for all! what to do to get an invite? Foresight..
|
|
|
Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
|
Simplified wrote:@erifloss,impunity et al
Was looking for info on how to purchase t-bills without the hustle of going to cbk (for special cds a/c opening & filling in the forms) since I work far from town. Found a solution with cfc stanbic, all I need to do is open an account with them and request them to purchase the t-bills for me,the money gets debited from my account. They charge a commission of 0.139% they say. Anyone using them? so Coop robs me with 1%? Foresight..
|
|
|
Rank: Member Joined: 11/24/2011 Posts: 833
|
[quote=Nabwire]Hisah unfortunately, I am not based in Kenya and the NSE has very limited info BUT I am going to buy KK, KCB & Kengen. Just looking at it from a contrarian investing point of view, these stocks should have decent returns.Granted the NYSE has a more fluid/ greater turnover than the NSE so I realize it could be harder to get decent returns in a short time.Hisah you are a trader, so our time frames are different plus you know the entry/ exit points, alot of your followers dont, lets wait and see. In other news http://seekingalpha.com/...of-america?source=yahoo
http://seekingalpha.com/...of-america?source=yahoo[/quote] @Nabwire it is now the end of March, how well did you do with these shares?
|
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
Its not end of March yet, a week is an eternity in the stock market. Anyhow, Bank of America is now trading at $9.85, I forget how much it was trading at at that time, I think thats when it was sub $5 right?? Anyways it has given me great capital gains yet we are only getting started. I sold of my stake in Moneygram and instead bought Fannie Freddie. Eastman Kodak is trading OTC, not much action expected from it until after the lawsuits are settled. On the other hand, how are the Treasury bills' rates? I dont hear much chest thumping anymore so im guessing the rates adjusted downwards?
|
|
|
Rank: Member Joined: 11/24/2011 Posts: 833
|
Nabwire wrote:Its not end of March yet, a week is an eternity in the stock market. Anyhow, Bank of America is now trading at $9.85, I forget how much it was trading at at that time, I think thats when it was sub $5 right?? Anyways it has given me great capital gains yet we are only getting started. I sold of my stake in Moneygram and instead bought Fannie Freddie. Eastman Kodak is trading OTC, not much action expected from it until after the lawsuits are settled. On the other hand, how are the Treasury bills' rates? I dont hear much chest thumping anymore so im guessing the rates adjusted downwards? If I remember correctly you were going to buy on the NSE and KCB was one of them right?
|
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
Yeah I was, but I explained that im not in Kenya plus other terms made me decide to wait it out. But if your question is whether the TBills group or the KCB won by March, I think its pretty obvious who won.
|
|
|
Rank: Member Joined: 8/17/2011 Posts: 207 Location: humu humu
|
inflation rates in the US are very low,2~3%. treasury bills are also low but are slighly higher than inflation rates. investing in stocks in a low inflationary environment like the us,a 10%+ rise is huge.
in kenya inflation is at 15. treasury bills rate is 16.95. the real return is not that diffrent from the US.
|
|
|
Rank: Veteran Joined: 9/19/2011 Posts: 1,694
|
gatoho wrote:Simplified wrote:@erifloss,impunity et al
Was looking for info on how to purchase t-bills without the hustle of going to cbk (for special cds a/c opening & filling in the forms) since I work far from town. Found a solution with cfc stanbic, all I need to do is open an account with them and request them to purchase the t-bills for me,the money gets debited from my account. They charge a commission of 0.139% they say. Anyone using them? so Coop robs me with 1%? @ Simplified, did you get your answer? @ Gatoho kindly share, does coop do the same?
“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
kaifastus wrote:inflation rates in the US are very low,2~3%. treasury bills are also low but are slighly higher than inflation rates.. This is a BIG lie.. US 10year treasury bond yields 1.96-2.2% pa US 2year treasury bond yields 0.25% pa 91-182day treasury bills yield 0.1% pa The Government paper usually follows the CENTRAL BANK RATE and not the INFLATION rate Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Member Joined: 11/26/2009 Posts: 67 Location: Pare pare
|
Kratos wrote:gatoho wrote:Simplified wrote:@erifloss,impunity et al
Was looking for info on how to purchase t-bills without the hustle of going to cbk (for special cds a/c opening & filling in the forms) since I work far from town. Found a solution with cfc stanbic, all I need to do is open an account with them and request them to purchase the t-bills for me,the money gets debited from my account. They charge a commission of 0.139% they say. Anyone using them? so Coop robs me with 1%? @ Simplified, did you get your answer? @ Gatoho kindly share, does coop do the same? Yes I did, started with cfc stanbic, they are on point and it's clock work, Just as they told me. FYI In coasto so am with the msa branch. Then I went to CBK and armed with my KRA pin number opening a special cds a/c is no big deal, you fill in a card that has to be stamped by your bank and returned to them. After about a month you get your special cds number sent to you via email together with the cbk virtual a/c to use for the deposits. still haven't used cbk directly waiting for cfc stanbic to come through with my cash after the 182 days.Will keep you posted. Hug the bear....ride the bull.....di$mount!!!
|
|
|
Wazua
»
Investor
»
Bonds
»
Treasury Bills Investing-Procedure?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|