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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:doubletap wrote:Impunity wrote:Which is worse should the gaaament go Greece way: Keep your money in Equity or keep them in CBK (read Bills and Bonds)  Good question. What would signal that they have mopped up all the liquidity from the market? I guess the moment they start geting under-subscription en-masse? with this high rates we won't see undersubscripitons any time soon.... possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Impunity wrote:doubletap wrote:Impunity wrote:Which is worse should the gaaament go Greece way: Keep your money in Equity or keep them in CBK (read Bills and Bonds) Good question. What would signal that they have mopped up all the liquidity from the market? I guess the moment they start geting under-subscription en-masse? with this high rates we won't see undersubscripitons any time soon.... It has started to level out...my balls tells me it has leveled now. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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if we are going Greece then your money is safer invested in land.
Note I am not saying real estate, I mean undeveloped land
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Rank: Member Joined: 1/22/2015 Posts: 682
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I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step
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Rank: Member Joined: 6/15/2013 Posts: 301
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Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. 3M liquid cas...mmm, wazualets are watching. And that amount ivested today will give you KES. 550,241.10 come 24-Oct-2016. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 5/28/2010 Posts: 151
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..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!!  Ni Uhuru wa Mbesha...Niguo kana tiguo?
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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kyukkamba wrote:..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!! It will resurrect. If you don't trust it then have a mattress bank! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Boris Boyka wrote:kyukkamba wrote:..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!! It will resurrect. If you don't trust it then have a mattress bank! It is worse leaving your mirrions in Equity or CBA...may be buy an 8 inch thick mattress. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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kyukkamba wrote:..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!! The only way you can survive a government bankruptcy is to have foreign currency under your mattress. The local currency will be severely devalued and the few banks still in operation will have a crazy withdrawal limit like $10/day..Kenya isn't bankrupt yet but give it a few years.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. 3M liquid cas...mmm, wazualets are watching. And that amount ivested today will give you KES. 550,241.10 come 24-Oct-2016. Not bad returns.... possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Impunity wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. 3M liquid cas...mmm, wazualets are watching. And that amount ivested today will give you KES. 550,241.10 come 24-Oct-2016. Not bad returns.... Yep,considering the minimal risk involved...very few plots in Nairobi can give that return within a year but the risk in proti is so high plus liquidating a prot takes much time...even buying one. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/22/2015 Posts: 682
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mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Mike Ock wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today Mandate card zimeisha...hadi Monday... possunt quia posse videntur
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Rank: Member Joined: 8/17/2007 Posts: 294
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maka wrote:Mike Ock wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today Mandate card zimeisha...hadi Monday... Greek crisis scenario possible...
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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whiteowl wrote:kyukkamba wrote:..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!! The only way you can survive a government bankruptcy is to have foreign currency under your mattress. The local currency will be severely devalued and the few banks still in operation will have a crazy withdrawal limit like $10/day..Kenya isn't bankrupt yet but give it a few years. But what is causing the sudden gain by the KES against the USD? Didn't it print 101.9/- yesterday? Feels like honey with the taste of bile.  “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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shiznit wrote:whiteowl wrote:kyukkamba wrote:..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!! The only way you can survive a government bankruptcy is to have foreign currency under your mattress. The local currency will be severely devalued and the few banks still in operation will have a crazy withdrawal limit like $10/day..Kenya isn't bankrupt yet but give it a few years. But what is causing the sudden gain by the KES against the USD? Didn't it print 101.9/- yesterday? Feels like honey with the t aste of bile. Liquidity squeeze means fewer shillings circulating and any scarce commodity tends to increase in value.It will continue appreciating possibly to below 90 and CBK would like it to stay there until we are done paying USD loans next year but the econ will bleed.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Mike Ock wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today Mandate card zimeisha...hadi Monday... Are you sure? I was there at 11am anyway left a long queue of clueless wannabes in matters T Bills/Bonds. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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How does one know your account has been opened? Do they notify you or you have to visit physically? "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Member Joined: 2/7/2014 Posts: 155
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Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me.
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