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T-bill advise
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maka
#91 Posted : Friday, October 23, 2015 10:34:42 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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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Impunity
#92 Posted : Friday, October 23, 2015 10:48:12 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
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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Mike Ock
#93 Posted : Friday, October 23, 2015 12:17:21 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
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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maka
#94 Posted : Friday, October 23, 2015 12:29:55 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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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instinct
#95 Posted : Friday, October 23, 2015 3:48:29 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
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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shiznit
#96 Posted : Friday, October 23, 2015 4:43:19 PM
Rank: New-farer

Joined: 5/21/2013
Posts: 72
Location: KENYA
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!!!!Sad Sad


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. Anxious
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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whiteowl
#97 Posted : Friday, October 23, 2015 8:26:28 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
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!!!!Sad Sad


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. Anxious



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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  | | Edit by user: Friday, October 23, 2015 8:30 PM | Reason: Not specified
Impunity
#98 Posted : Friday, October 23, 2015 9:27:54 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
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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Speculz
#99 Posted : Wednesday, October 28, 2015 11:31:07 AM
Rank: Member

Joined: 5/6/2011
Posts: 391
Location: Nairobi
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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kasibitta
#100 Posted : Wednesday, October 28, 2015 11:56:22 AM
Rank: Member

Joined: 2/7/2014
Posts: 155
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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