Wazua
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What to do with my chama's 2M?
Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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Hi Wazua
So members in my chama have been faithfully contributing monthly and we currently have about 2M to invest. We're open to investing in anything and have the advantage of age and few obligations.
What would you advise us to invest in?
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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How long term can the investment be in terms of years?
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Rank: Member Joined: 9/27/2006 Posts: 503
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I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps.
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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watesh wrote:How long term can the investment be in terms of years? I would say over 5-10 years.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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So, where have you "parked" the cash as you wait to invest it? Multipod wrote:Hi Wazua
So members in my chama have been faithfully contributing monthly and we currently have about 2M to invest. We're open to investing in anything and have the advantage of age and few obligations.
What would you advise us to invest in?
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps. This is very interesting. I have never considered this. Are there any other Middle Eastern countries that are good to trade with? Aside from UAE.
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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Chaka wrote:So, where have you "parked" the cash as you wait to invest it? Multipod wrote:Hi Wazua
So members in my chama have been faithfully contributing monthly and we currently have about 2M to invest. We're open to investing in anything and have the advantage of age and few obligations.
What would you advise us to invest in? We parked it in a money market fund. Well, half of it. The rest we're considering trading it in shares.
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Rank: Member Joined: 9/27/2006 Posts: 503
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Multipod wrote:deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps. This is very interesting. I have never considered this. Are there any other Middle Eastern countries that are good to trade with? Aside from UAE. I can't say for certain, but because those countries are all deserts, its a given they import everything they need/want. The Kingdom, UAE, Qatar and the like are all economic powerhouses to boot.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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I am thinking that exporting goats and sheep for e,g during the haj may work..?Also wondering how one may know what's currently exported from Mombasa as that may give an idea where to start.. deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps.
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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Chaka wrote:I am thinking that exporting goats and sheep for e,g during the haj may work..?Also wondering how one may know what's currently exported from Mombasa as that may give an idea where to start.. deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps. I'm thinking of all the paperwork involved in exporting livestock. Also, is that done from Mombasa port? I'm sure it's cheaper to do this from Somalia.
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Rank: Member Joined: 12/10/2015 Posts: 103
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Multipod wrote:Chaka wrote:I am thinking that exporting goats and sheep for e,g during the haj may work..?Also wondering how one may know what's currently exported from Mombasa as that may give an idea where to start.. deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps. I'm thinking of all the paperwork involved in exporting livestock. Also, is that done from Mombasa port? I'm sure it's cheaper to do this from Somalia. I import livestock frequently & the process is very simple/fast.So is exporting.Permits are now approved online
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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Kili wrote:Multipod wrote:Chaka wrote:I am thinking that exporting goats and sheep for e,g during the haj may work..?Also wondering how one may know what's currently exported from Mombasa as that may give an idea where to start.. deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps. I'm thinking of all the paperwork involved in exporting livestock. Also, is that done from Mombasa port? I'm sure it's cheaper to do this from Somalia. I import livestock frequently & the process is very simple/fast.So is exporting.Permits are now approved online Do you run a ranch? Or are you sourcing from farmers in the region. I hear some shipping companies only have export permits for certain ranches.
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Rank: Member Joined: 12/10/2015 Posts: 103
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I do it to upgrade my gene pool.What you are talking about is freighting.I was alluding to getting permits from the office of the director of veterinary services (DVS) Kabete
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Multipod wrote:Chaka wrote:So, where have you "parked" the cash as you wait to invest it? Multipod wrote:Hi Wazua
So members in my chama have been faithfully contributing monthly and we currently have about 2M to invest. We're open to investing in anything and have the advantage of age and few obligations.
What would you advise us to invest in? We parked it in a money market fund. Well, half of it. The rest we're considering trading it in shares. Send me your email to 0708733938. I will share some material for your consideration. Life is short. Live passionately.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Pesa ni pesa. If your chama members are not too judgemental,buy three Samantha's at 700K each. A Samantha in kilimani,kileleshwa will fetch you 5K each on a bad day remove 2K for operational costs na ufanye hesabu. #pesanipesa# If Obiero did it, Who Am I?
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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Swenani wrote:Pesa ni pesa.
If your chama members are not too judgemental,buy three Samantha's at 700K each.
A Samantha in kilimani,kileleshwa will fetch you 5K each on a bad day remove 2K for operational costs na ufanye hesabu.
#pesanipesa# Banange! 
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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sparkly wrote:Multipod wrote:Chaka wrote:So, where have you "parked" the cash as you wait to invest it? Multipod wrote:Hi Wazua
So members in my chama have been faithfully contributing monthly and we currently have about 2M to invest. We're open to investing in anything and have the advantage of age and few obligations.
What would you advise us to invest in? We parked it in a money market fund. Well, half of it. The rest we're considering trading it in shares. Send me your email to 0708733938. I will share some material for your consideration. Will do.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Kili wrote:Multipod wrote:Chaka wrote:I am thinking that exporting goats and sheep for e,g during the haj may work..?Also wondering how one may know what's currently exported from Mombasa as that may give an idea where to start.. deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps. I'm thinking of all the paperwork involved in exporting livestock. Also, is that done from Mombasa port? I'm sure it's cheaper to do this from Somalia. I import livestock frequently & the process is very simple/fast.So is exporting.Permits are now approved online Could I trouble you for a dairy sheep or two? Or advice of what the import process entails
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Rank: Member Joined: 9/27/2006 Posts: 503
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deadpoet wrote:Multipod wrote:deadpoet wrote:I was reading about this story the other day and mulling over its implications: http://invest.go.ke/sixt...es-weekly-mombasa-line/
Perhaps you or a member of your chama could use 5% of the funds you've accumulated to fly to Saudi Arabia and identify products to export there? Could be something as simple as crisps. This is very interesting. I have never considered this. Are there any other Middle Eastern countries that are good to trade with? Aside from UAE. I can't say for certain, but because those countries are all deserts, its a given they import everything they need/want. The Kingdom, UAE, Qatar and the like are all economic powerhouses to boot. Hey Multipod, what did you opt for several months down the line? In case you still find exports interesting, in the intervening months I've found that the Exports Promotion Council (EPC) can be quite helpful. Here's their twitter handle: https://twitter.com/ExportsKenya
Also, some interesting trade stats can be found here: http://kenyatradeportal.go.ke/statistics
Let us wazuans know how you're getting on.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Dunia kuna mambo
Multipod I hope you listed to none of the advice above about exporting and importing goats and the like!
Jamaneni this is how nightmares begin. If you did listen to them I already know you got burned, sindio?
Why would you engage in risky ventures in which your chama prolly has zero experience in?
Do the right thing and invest in safe and sure assets and those do not include the ones found in the Casino (NSE)!
Shalom
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