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Managing A Celeb.
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selah
#1 Posted : Monday, October 26, 2009 11:14:00 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
If a celeb makes about ksh 30,000/= per show and in a month gets 10 shows.What investment advice can SKerians offer to this dude so that when he 'burns out' in,lets say,five years to come,can be assured of a reliable source of income,and stiil maintain his celebrity lifestyle.

you can achive all things through Him(Jesus Christ)
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Kausha
#2 Posted : Monday, October 26, 2009 11:51:00 AM
Rank: Member


Joined: 2/8/2007
Posts: 808
Selah

Tell your mate to save at least 67% of his monthly income. Live off the 33% which is very possible. Assuming a good year this works out to 2.1m annual savings. Off this amount put up to 65% in a fixed income portfolio (dont go buying a house or shamba yet). I am assuming your mate is in their lower teens and they don't pay any tax. Invest the rest in a high growth reputable stock (not kengen or KPLC). Off the fixed income portfolio,make sure you are buying government bonds only and the very long ones 15yrs or 20yr to give u around 14% interest p.a. Use the bonds interest to buy medical insurance and other covers while using the rest of the interest which is about 200K on celebville. The aim is to preserve capital while earning something while the shares should grow the portfolio and possibly could be used to buy a house one day.
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Wendz
#3 Posted : Monday, October 26, 2009 12:17:00 PM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
@sel

I would say,mix both equity/unit investments and property in your portfolio. dont put your eggs in one basket. if one market collapses and takes another 5 or more years to recover,you need a back-up. Factor in inflation too.

@kausha
which 'lower teens' kenyan celebs are making that much? I thought at that time they would still be in school hence to time for 10 shows in a month?

Experience is what you get when you don't get what you want.
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Kamaa
#4 Posted : Monday, October 26, 2009 12:39:00 PM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
@ kausha

i dont think a celeb can manage to save a whooping 67%...

not a celeb not under the current economic times...!

@ selah

besides the options listed below,also govt bonds/bills would be a good saving avenue...

When you run so fast to get somewhere,you miss the fun of getting there... Life is not a race,so take it slowly....
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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