Wazua
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Treasury Bills and Bonds
Rank: New-farer Joined: 5/7/2010 Posts: 38 Location: Nairobi
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MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.  Trust in God and endure patiently.
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Rank: Member Joined: 2/20/2007 Posts: 767
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ibsi wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive. WB does not do bonds. I agree with him! They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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tom_boy wrote:ibsi wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive. WB does not do bonds. I agree with him! Why? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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tom_boy wrote:ibsi wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive. WB does not do bonds. I agree with him! Why? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. Forget these over-glorified govt papers! They are no longer the best place to pack your money. "We" moved to Money Market Unit Trusts - they pay high rates (higher than T-Bills!), agents come to you to open the account (you don't have to leave your house!), you can deposit and withdraw funds online, you can withdraw any amount at any time without loss of interest. I honestly don't know why private citizens bother with CBK Bills & Bonds... A few years ago, T-Bills were earning higher than MMFs. I went to CBK to re-activate my CDS acc. Was told I need to open it afresh. Started the whole process (it's very bureaucratic!). Checked every week for three months and they still hadn't opened it. By that time T-B rates were no longer high. Gave up & retained the money in MMF On the fourth month, CBK sent me an SMS that CDS is open. Ignored it and moved on!
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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ibsi wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive. Sounds good until you do the numbers... Doubling your money in 10 years is "just" 7.2% compounded annual return. Not so lucrative after all!
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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chiaroscuro wrote:ibsi wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive. Sounds good until you do the numbers... Doubling your money in 10 years is "just" 7.2% compounded annual return. Not so lucrative after all! Some of us are just happy to live with the money we have and manage it within our means. Triple mara 50%pa 100% plus plus plus doesn't appeal to everybody. More money more problems 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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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:chiaroscuro wrote:ibsi wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive. Sounds good until you do the numbers... Doubling your money in 10 years is "just" 7.2% compounded annual return. Not so lucrative after all! Some of us are just happy to live with the money we have and manage it within our means. Triple mara 50%pa 100% plus plus plus doesn't appeal to everybody. More money more problems Kweli... @ibsi if you ever want to offload any paper look for me.... 😊😊 possunt quia posse videntur
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Rank: Hello Joined: 12/26/2018 Posts: 2 Location: Nairobi
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chiaroscuro wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. Forget these over-glorified govt papers! They are no longer the best place to pack your money. "We" moved to Money Market Unit Trusts - they pay high rates (higher than T-Bills!), agents come to you to open the account (you don't have to leave your house!), you can deposit and withdraw funds online, you can withdraw any amount at any time without loss of interest. I honestly don't know why private citizens bother with CBK Bills & Bonds... A few years ago, T-Bills were earning higher than MMFs. I went to CBK to re-activate my CDS acc. Was told I need to open it afresh. Started the whole process (it's very bureaucratic!). Checked every week for three months and they still hadn't opened it. By that time T-B rates were no longer high. Gave up & retained the money in MMF On the fourth month, CBK sent me an SMS that CDS is open. Ignored it and moved on! I bet some of Amana funds are locked due to poor investment decisions(read collapsed Nakumatt commercial paper)
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Rank: Member Joined: 7/13/2006 Posts: 94 Location: Nairobi
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Estiko wrote:chiaroscuro wrote:MatataMingi wrote:Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.
I can do ALL the above and more online on my SCB & I & M accounts.
Rant over. Forget these over-glorified govt papers! They are no longer the best place to pack your money. "We" moved to Money Market Unit Trusts - they pay high rates (higher than T-Bills!), agents come to you to open the account (you don't have to leave your house!), you can deposit and withdraw funds online, you can withdraw any amount at any time without loss of interest. I honestly don't know why private citizens bother with CBK Bills & Bonds... A few years ago, T-Bills were earning higher than MMFs. I went to CBK to re-activate my CDS acc. Was told I need to open it afresh. Started the whole process (it's very bureaucratic!). Checked every week for three months and they still hadn't opened it. By that time T-B rates were no longer high. Gave up & retained the money in MMF On the fourth month, CBK sent me an SMS that CDS is open. Ignored it and moved on! I bet some of Amana funds are locked due to poor investment decisions(read collapsed Nakumatt commercial paper) Ladies and gentlemen of the house, hats - off for Mzee MatataMingi. We are inspired appreciate your long-term view of investing. We hope to read more from you. Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
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