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: 992 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: 505
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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: 505
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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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Wazua
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What to do with my chama's 2M?
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