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411 on dividend and AGM
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streetwise
#291 Posted : Friday, July 22, 2016 4:33:49 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Charged 19% and bank manager explains WHAT (?)
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sparkly
#292 Posted : Friday, July 22, 2016 5:57:02 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
enyands wrote:
Ebenyo wrote:
K.c.b dividend is in by EFT.The irony is that i have been charged 19% of the total sum by my banker,equity.But after getting explanation from the manager,im okey.
Im now only waiting for safaricom in december to close the year.So far so good,i have collected dividends from the following counters this year:
1.Longhorn
2.Equity
3.Barclays
4.Co-op bank
5.Kcb

Im now working towards building dividends for the next year 2017 and the following counters are already in my line:
1.Kengen
2.Equity
3.Kcb
4.Safaricom

Thinking to add six more before end year to make a permanent honey sucking of 10 for life.For me and my children,grandchildren and great grand children.That will make "EBENYO EMPIRE."



Unapenda banks sana. Diversify kidogo. If I'm you I'll keep equity and kcb ,then think of bamburi (real estate) and kapchorwa (agriculture) too much uncertainty on esp bbk


No need to have Equity and KCB in the portfolio. Same size, strategy and price trends. I would keep Equity which is way more efficient in utilising capital and assets and diversify into a 2nd tier bank like NIC or DTB.
Life is short. Live passionately.
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Ebenyo
#293 Posted : Friday, July 22, 2016 9:32:06 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
sparkly wrote:
enyands wrote:
Ebenyo wrote:
K.c.b dividend is in by EFT.The irony is that i have been charged 19% of the total sum by my banker,equity.But after getting explanation from the manager,im okey.
Im now only waiting for safaricom in december to close the year.So far so good,i have collected dividends from the following counters this year:
1.Longhorn
2.Equity
3.Barclays
4.Co-op bank
5.Kcb

Im now working towards building dividends for the next year 2017 and the following counters are already in my line:
1.Kengen
2.Equity
3.Kcb
4.Safaricom

Thinking to add six more before end year to make a permanent honey sucking of 10 for life.For me and my children,grandchildren and great grand children.That will make "EBENYO EMPIRE."



Unapenda banks sana. Diversify kidogo. If I'm you I'll keep equity and kcb ,then think of bamburi (real estate) and kapchorwa (agriculture) too much uncertainty on esp bbk


No need to have Equity and KCB in the portfolio. Same size, strategy and price trends. I would keep Equity which is way more efficient in utilising capital and assets and diversify into a 2nd tier bank like NIC or DTB.


@enyands and sparkly,thanks for your advice.I will look into it.
But why do you choose kapchorua over say,williamson,limuru,kakuzi or eagads?
Towards the goal of financial freedom
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  | | Edit by user: Saturday, July 23, 2016 7:46 AM | Reason: Not specified
Ebenyo
#294 Posted : Friday, July 22, 2016 9:35:34 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
streetwise wrote:
Charged 19% and bank manager explains WHAT (?)


The bank manager said,that they charge a one off fee for every dividend by eft.
Towards the goal of financial freedom
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jawgey
#295 Posted : Friday, July 22, 2016 10:04:32 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Ebenyo wrote:
streetwise wrote:
Charged 19% and bank manager explains WHAT (?)


The bank manager said,that they charge a one off fee for every dividend by eft.

That should be sh. 110 just like they do when they process salary
Seeing is believing
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Othelo
#296 Posted : Saturday, July 23, 2016 7:24:41 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
jawgey wrote:
Ebenyo wrote:
streetwise wrote:
Charged 19% and bank manager explains WHAT (?)


The bank manager said,that they charge a one off fee for every dividend by eft.

That should be sh. 110 just like they do when they process salary

Suffering the same fate with CIC dividends Sad
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Aguytrying
#297 Posted : Saturday, July 23, 2016 9:26:09 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
sparkly wrote:
enyands wrote:
Ebenyo wrote:
K.c.b dividend is in by EFT.The irony is that i have been charged 19% of the total sum by my banker,equity.But after getting explanation from the manager,im okey.
Im now only waiting for safaricom in december to close the year.So far so good,i have collected dividends from the following counters this year:
1.Longhorn
2.Equity
3.Barclays
4.Co-op bank
5.Kcb

Im now working towards building dividends for the next year 2017 and the following counters are already in my line:
1.Kengen
2.Equity
3.Kcb
4.Safaricom

Thinking to add six more before end year to make a permanent honey sucking of 10 for life.For me and my children,grandchildren and great grand children.That will make "EBENYO EMPIRE."



Unapenda banks sana. Diversify kidogo. If I'm you I'll keep equity and kcb ,then think of bamburi (real estate) and kapchorwa (agriculture) too much uncertainty on esp bbk


No need to have Equity and KCB in the portfolio. Same size, strategy and price trends. I would keep Equity which is way more efficient in utilising capital and assets and diversify into a 2nd tier bank like NIC or DTB.


exactly. When i read this i almost thought im the one who wrote it. I would also add a mature bank like stanchart for dividend and stability
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#298 Posted : Saturday, July 23, 2016 8:22:11 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Othelo wrote:
jawgey wrote:
Ebenyo wrote:
streetwise wrote:
Charged 19% and bank manager explains WHAT (?)


The bank manager said,that they charge a one off fee for every dividend by eft.

That should be sh. 110 just like they do when they process salary

Suffering the same fate with CIC dividends Sad


Have your dividends credited into a savings account. Its illegal to charge fees on a savings account so your dividend will be free from those EFT charges.
Life is short. Live passionately.
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VituVingiSana
#299 Posted : Saturday, July 23, 2016 8:40:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
My bank doesn't charge a penny on incoming EFT/RTGS. I am surprised y'all are sticking with such a bank. And some of the charges are very hefty.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#300 Posted : Saturday, July 23, 2016 9:32:56 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
VituVingiSana wrote:
My bank doesn't charge a penny on incoming EFT/RTGS. I am surprised y'all are sticking with such a bank. And some of the charges are very hefty.


who is your banker? the problem i have is that my shares are held by the same bank.so if i were to change bank,i will have to change CDS account too which is a tedious process.
Towards the goal of financial freedom
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