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Investments that compound interest in Kenya

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tony stark		#21 Posted : Wednesday, July 24, 2019 11:55:52 AM
Rank: Veteran Joined: 7/8/2008 Posts: 947		Extrapreneur wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks @wkari; Hi, I'm currently testing a forex trading strategy aimed at making low but consistent gains with emphasis on leveraging on compounding gains. If you are interested in following my progress, check out the daily updated stats at http://penwise.webs.com/...rapreneur-trading-secret that is, if international forex trade cuts it as 'an investment in Kenya' PS: Right click image and open in new tab/window Well this website doesn't exist anymore. Clearly a statistic of companies that don't survive the 5 year mark! I hope no one invested here!
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chiaroscuro		#22 Posted : Wednesday, July 24, 2019 2:51:16 PM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills
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maka		#23 Posted : Sunday, July 28, 2019 9:33:43 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		chiaroscuro wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills Entry, Exit, Management fees? Tax? possunt quia posse videntur
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chiaroscuro		#24 Posted : Monday, July 29, 2019 9:46:15 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		maka wrote: chiaroscuro wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills Entry, Exit, Management fees? Tax? Most will accept 5k to start. Some even 2k. Withdrawal is on demand. Just allow 3 days for EFT to be effected - most transfer funds to your bank account in a matter of hours! You can withdraw as much as you wish... some have minimum balances of about 2k - 5k. Some don't - I have one with 900bob! I don't know people keep glorifying T-Bills and Fixed deposits. Money Market Unit Trust Funds have been out-performing them every month for the last five years! Oh, and BTW, you don't have to go to them to open the account; you just call them to your office and they come running with all the forms!
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chiaroscuro		#25 Posted : Monday, July 29, 2019 9:54:24 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		maka wrote: chiaroscuro wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills Entry, Exit, Management fees? Tax? Management fees are minimal: 2% pa .. and it is collected monthly (0.17%), up-front. So, the earnings you see in your statement are NET of fees. Withholding tax is 15% of earnings. Also collected upfront [just like in the case of FXD & T-Bills]. Thus what you see in your monthly statement is the net - yote ni pesa yako! The well-managed funds are earning around 9% monthly after tax and fees. Compounded is about 9.4% The only thing better is M-Akiba.....if only CBK can do better publicity!
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chiaroscuro		#26 Posted : Monday, July 29, 2019 9:59:58 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		maka wrote: chiaroscuro wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills Entry, Exit, Management fees? Tax? MMFs in Kenya: 1. Affrican Alliance 2. Old Mutual 3. Britam 4. Stanlib 5. CIC 6. Co-Op Bank 7. Zimele 8. Amana Capital 9. Alpha AFrica 10. Madison 11. CBA [KES & USD] 12. ICEA 13. Sanlam 14. Cyton 15. Apollo 16. Nabo Africa [KES & USD] 17. Dry Associates [KES & USD] 18. GenCap 19. Equity Bank
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nashx		#27 Posted : Monday, July 29, 2019 10:12:27 AM
Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi		maka wrote: chiaroscuro wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills Entry, Exit, Management fees? Tax? all you need to know about money market funds can be read here>>>https://nashthuo.com/money-market-funds-kenya/ Offering my personal finance knowledge for free
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Swenani		#28 Posted : Monday, July 29, 2019 11:43:15 AM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		chiaroscuro wrote: maka wrote: chiaroscuro wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills Entry, Exit, Management fees? Tax? Management fees are minimal: 2% pa .. and it is collected monthly (0.17%), up-front. So, the earnings you see in your statement are NET of fees. Withholding tax is 15% of earnings. Also collected upfront [just like in the case of FXD & T-Bills]. Thus what you see in your monthly statement is the net - yote ni pesa yako! The well-managed funds are earning around 9% monthly after tax and fees. Compounded is about 9.4% The only thing better is M-Akiba.....if only CBK can do better publicity! What? 9 % per month? So the annualised return is 108% If Obiero did it, Who Am I?
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Angelica _ann		#29 Posted : Monday, July 29, 2019 11:45:12 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		Swenani wrote: chiaroscuro wrote: maka wrote: chiaroscuro wrote: wkari wrote: Hi is anyone aware of any investments that compound interest in Kenya? Let me know please Thanks Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills Entry, Exit, Management fees? Tax? Management fees are minimal: 2% pa .. and it is collected monthly (0.17%), up-front. So, the earnings you see in your statement are NET of fees. Withholding tax is 15% of earnings. Also collected upfront [just like in the case of FXD & T-Bills]. Thus what you see in your monthly statement is the net - yote ni pesa yako! The well-managed funds are earning around 9% monthly after tax and fees. Compounded is about 9.4% The only thing better is M-Akiba.....if only CBK can do better publicity! What? 9 % per month? So the annualised return is 108% Never ever!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Kenyan Oracle		#30 Posted : Monday, July 29, 2019 12:23:44 PM
Rank: Member Joined: 5/31/2011 Posts: 262		For CIC it's 9-11%PA You lose money chasing women, but you never lose women chasing money - NAS
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