Rank: Elder Joined: 12/7/2012 Posts: 11,908
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brainstorm212 wrote:MugundaMan wrote:Ebenyo wrote:pyrex wrote:Hi wazuans, is it possible to save consistently in a Sacco for retirement purposes Sacco is a good place to save but the returns their are not robust enough to help you for retirement. Retirement needs good and consistent returns over time that beat inflation in the long run. I will advise that instead of a sacco,consider to save into the following diversified mix: 1.Stocks 2.Bond 3.Real estate Depending with your age, put 55% of the funds into stocks,25% into bonds and 20% into real estate.This way you cushion yourself from risks. Assuming you are below 40,do this for the next 20 years and you will retire at 60 very comfortably. I hope you do not mean our local casino called the NSE hapa Kiinya I would NOT recommend anyone put more than 1 to 2% of their net worth in the Casino. Sparky should chip in here. He and double A were jumping up and down hapa in a paroxysm of glee because my Neveready tanked to below 1 bob. Guys are getting shaved alive in the current bear market. Even blue chip powerhouses like ICDC! Woe to them if they are 55% locked in! At least with migundas no chance whatsoever of such scenarios in a developing economy with a massive supply deficit. 1-2%? But if you learned how to earn money with the help of casino? That dude is right, because someone can afford to invest 30-40 of income, because such people are either simply venturesome, either professionals and have a 10 years experience. Seriously, I don't have such experience, but even I learned how to make money with the help of casino. Personally, I found casino site ( click here), where I observed a sequence of algorithms work and it helps me expand my income :) This one of yours fits perfectly on the thread posted below and we all know how it went for those who tried. http://www.wazua.co.ke/f...561&p=109#post878588In 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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