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investing sh 1 million for 3 months
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richsure
#1 Posted : Saturday, May 09, 2009 10:17:00 AM
Rank: Member


Joined: 10/29/2008
Posts: 26
a friend of mine wants to buy a house in 3 -4 months time

he has sh 1 million in his bank account which he will use as mortgage deposit

which money market fund can he invest in

please advise



Better days are ahead
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murenj
#2 Posted : Saturday, May 09, 2009 4:27:00 PM
Rank: Member


Joined: 7/22/2008
Posts: 851
Location: nairobi
Try a pyramid scheme..... Seriously speaking,stocks are out of question. T bills will give you some pocket money. What you need is to invest in some fast moving products.... But this can only work if you are already established in such a business. The best option: maintain status quo.

The cunning of the Buffalo
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Kamaa
#3 Posted : Saturday, May 09, 2009 5:28:00 PM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
not at NSE,honestly for 3 months he can only speculate,meaning gaining or lossing,mama mboga biz could be more rewarding..

you've heard me..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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jerry
#4 Posted : Saturday, May 09, 2009 8:11:00 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
We fail exams because we don't take time to understand what the examinar is looking for! If isn't interested in stocks but money market. What is money market? May be I'm wrong.

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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rupshi
#5 Posted : Sunday, May 10, 2009 6:37:00 AM
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Joined: 6/9/2007
Posts: 23
Maintain status quo,or go for a 3 month fixed deposit account. The interest rates are good at the moment.
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murenj
#6 Posted : Sunday, May 10, 2009 9:12:00 AM
Rank: Member


Joined: 7/22/2008
Posts: 851
Location: nairobi
@ jerry. In adult learning,the use of terminollogies does not necessarily imply that the inquirer is well versed in the subject matter. MONEY MARKETS means different things to different persons. In this instance,I find the responses appropriate. Let the guy pick what suits him.

The cunning of the Buffalo
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se7en
#7 Posted : Sunday, May 10, 2009 6:25:00 PM
Rank: Member


Joined: 11/27/2006
Posts: 108
richsure... your friend might want to try ICEA's at 9.24%?

if you can not be kind,at least have the decency to be vague
speak softly and carry a big stick, you will go far... Theodore Roosevelt
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lexus
#8 Posted : Monday, May 11, 2009 10:51:00 AM
Rank: Member


Joined: 3/18/2009
Posts: 38
buy shares dont even consider it.3 months is a short period 2 invest.may be put it in a fixed account but it wont be much.

work smart
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Marash
#9 Posted : Monday, May 11, 2009 2:33:00 PM
Rank: Member


Joined: 7/1/2008
Posts: 13
I got an email for this guy lkanyari (at) family bank dot co ke from an skerian and I got a very good rate for 6 months,you could try see what you'll get
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