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where to keep funds for buying shares
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Chaka
#11 Posted : Thursday, September 03, 2015 4:55:59 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
heri wrote:
nashx wrote:
Pan Africa has the best rate latest daily yield is at 14.69%
http://www.pan-africaassets.com/


@nashx, thanks, i visited pan Africa. I hear they pay some small comission of you refer people to them. You should contact them to get your commission




Does Pan-African charge an adminstration fee?
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  | | Edit by moderator: Thursday, September 03, 2015 6:42 PM | Reason: spacing
TheGeek
#12 Posted : Thursday, September 03, 2015 6:31:01 PM
Rank: Member

Joined: 7/3/2014
Posts: 245
Chaka wrote:
nashx wrote:
Pan Africa has the best rate latest daily yield is at 14.69%
http://www.pan-africaassets.com/

Monday's daily rate as given in yesterday's DN,
CIC,14.97%
Pan African,14.11%

be wary of the following fine print
1. minimum period
2.gross vs net yield
3. admin fees
4. withdrawal process


piece of advice money for trading should be in your brokerage account. speed of execution is critical in these volatile times.

remember, every time you move money you loose some of it.

In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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  | | Edit by moderator: Thursday, September 03, 2015 6:42 PM | Reason: spacing
nashx
#13 Posted : Thursday, September 03, 2015 9:51:49 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
heri wrote:
nashx wrote:
Pan Africa has the best rate latest daily yield is at 14.69%
http://www.pan-africaassets.com/


@nashx, thanks, i visited pan Africa. I hear they pay some small comission of you refer people to them. You should contact them to get your commission




I didn't know about any commission. But I'm sure it is not worth the hustle of going there. I think their money market fund is awesome though
Offering my personal finance knowledge for free
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nashx
#14 Posted : Thursday, September 03, 2015 9:53:59 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Chaka wrote:
heri wrote:
nashx wrote:
Pan Africa has the best rate latest daily yield is at 14.69%
http://www.pan-africaassets.com/


@nashx, thanks, i visited pan Africa. I hear they pay some small comission of you refer people to them. You should contact them to get your commission




Does Pan-African charge an adminstration fee?


For the money market fund? ... nope
Offering my personal finance knowledge for free
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doubletap
#15 Posted : Thursday, September 03, 2015 10:05:50 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
heri wrote:

@nashx, thanks, i visited pan Africa. I hear they pay some small commission of you refer people to them. You should contact them to get your commission


So how good is the deal? What rate did you get and about the admin fees and is there a minimum time to invest? Did you buy unit trust? Which one?

@Chaka thanks for the quick lesson. One more question, the daily yield can go up or down right, is there a minimum? How would one calculate into the future?
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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  | | Edit by user: Friday, September 04, 2015 10:01 AM | Reason: Not specified
heri
#16 Posted : Friday, September 04, 2015 9:57:34 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
doubletap wrote:
heri wrote:

@nashx, thanks, i visited pan Africa. I hear they pay some small commission of you refer people to them. You should contact them to get your commission


So how good is the deal? What rate did you get and about the admin fees and is there a minimum time to invest? Did you buy unit trust? Which one?

@Chaka thanks for the quick lesson.


i bought pata+ money market fund

there is a fee of 1.2% per annum

they sent me their daily historical rates. highest has been 16.6% and lowest 10.5%
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heri
#17 Posted : Friday, September 04, 2015 10:02:31 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
TheGeek wrote:
Chaka wrote:
nashx wrote:
Pan Africa has the best rate latest daily yield is at 14.69%
http://www.pan-africaassets.com/

Monday's daily rate as given in yesterday's DN,
CIC,14.97%
Pan African,14.11%

be wary of the following fine print
1. minimum period
2.gross vs net yield
3. admin fees
4. withdrawal process


piece of advice money for trading should be in your brokerage account. speed of execution is critical in these volatile times.

remember, every time you move money you loose some of it.



i used to keep cash with my brokers when i was using African Alliance since i could move the cash to money market fund and to stocks easily

when i moved to NIC securities, i did not get the same facilities

My bank was giving me 5% on the current account until they slashed to 1.5% hence the move to use pan africa money market funds

Yes there is a risk of delays in getting funds since they say once you want to access cash you have to give them 3 days

you can withdraw cash any time you want and but there is a charge of 500 if it is more than once per month. also a fee of 1.2% per annum is charged
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doubletap
#18 Posted : Friday, September 04, 2015 10:10:13 AM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
heri wrote:

i bought pata+ money market fund

there is a fee of 1.2% per annum

they sent me their daily historical rates. highest has been 16.6% and lowest 10.5%


This is compound interest no?
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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heri
#19 Posted : Friday, September 04, 2015 10:16:29 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
doubletap wrote:
heri wrote:

i bought pata+ money market fund

there is a fee of 1.2% per annum

they sent me their daily historical rates. highest has been 16.6% and lowest 10.5%


This is compound interest no?


compunded yes
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heri
#20 Posted : Friday, September 04, 2015 10:19:10 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
heri wrote:
doubletap wrote:
heri wrote:

i bought pata+ money market fund

there is a fee of 1.2% per annum

they sent me their daily historical rates. highest has been 16.6% and lowest 10.5%


This is compound interest no?


compunded yes


and sorry it is pesa+ money market fund
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