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Treasury Bills Investing-Procedure?
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pariah
#141 Posted : Sunday, March 25, 2012 5:14:02 PM
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?
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Nabwire
#142 Posted : Monday, March 26, 2012 12:59:53 AM
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.
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kaifastus
#143 Posted : Sunday, April 08, 2012 6:14:44 PM
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.
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Kratos
#144 Posted : Saturday, April 28, 2012 8:26:08 PM
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
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guru267
#145 Posted : Sunday, April 29, 2012 6:22:40 AM
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
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Simplified
#146 Posted : Monday, June 04, 2012 8:40:54 PM
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!!!
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