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What to do with my chama's 2M?
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Multipod
#1 Posted : Wednesday, March 07, 2018 10:06:59 AM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
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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watesh
#2 Posted : Wednesday, March 07, 2018 10:34:38 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
How long term can the investment be in terms of years?
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deadpoet
#3 Posted : Wednesday, March 07, 2018 10:44:01 AM
Rank: Member

Joined: 9/27/2006
Posts: 505
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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Multipod
#4 Posted : Wednesday, March 07, 2018 10:50:09 AM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
watesh wrote:
How long term can the investment be in terms of years?


I would say over 5-10 years.
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Chaka
#5 Posted : Wednesday, March 07, 2018 10:53:24 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
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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Multipod
#6 Posted : Wednesday, March 07, 2018 10:54:13 AM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
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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Multipod
#7 Posted : Wednesday, March 07, 2018 10:56:38 AM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
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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deadpoet
#8 Posted : Wednesday, March 07, 2018 11:10:18 AM
Rank: Member

Joined: 9/27/2006
Posts: 505
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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Chaka
#9 Posted : Wednesday, March 07, 2018 11:21:27 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
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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Multipod
#10 Posted : Wednesday, March 07, 2018 11:42:26 AM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
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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Kili
#11 Posted : Wednesday, March 07, 2018 1:06:42 PM
Rank: Member

Joined: 12/10/2015
Posts: 103
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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Multipod
#12 Posted : Wednesday, March 07, 2018 1:22:07 PM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
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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Kili
#13 Posted : Wednesday, March 07, 2018 2:38:43 PM
Rank: Member

Joined: 12/10/2015
Posts: 103
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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sparkly
#14 Posted : Wednesday, March 07, 2018 5:46:31 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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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Swenani
#15 Posted : Wednesday, March 07, 2018 7:43:57 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
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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  | | Edit by user: Wednesday, March 07, 2018 7:50 PM | Reason: Not specified
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