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Treasury Bills and Bonds
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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maka wrote:NewMoney wrote:MatataMingi wrote:maka wrote:Chaka wrote:https://www.businessdailyafrica.com/markets/marketnews/StanChart-eyes-investors-with-mobile-bonds-app/3815534-5459372-7s3fvi/index.html
Good progress .... I will give it a try just as I did with G- Kuze by Genghis which is crap TBH... Let's see how this goes. @ maka. Standard Chartered are useless when it comes to such things.After the cap on interest rates , they came up with many money making schemes to fleece some customers who were not well informed about investing. I have been a Priority Customer for many years. They had been calling me all the time to offer their services to buy T Bills/Bonds. Their charge was 3% of the face value of the Bill/Bond. Lets say, I need to buy a Bill/Bond worth 5 million. They wanted to charge 150K. I told them to go stuff it. After they launched this new app, my relationship manager was very excited to tell me that they had reduced their charges to 2% of the face value. I told her to check the CBK site. No response. that percentage sounds okay to me considering the improved level of service and peace of mind you will get from stanchart. I would say it all depends on how much time you have in your hands and what else you have going with the bank .. for some people it's a reasonable rate That eats into your chumz we need to be efficient in such matters....CBK charge 0...Maybe you only pay RTGS fees like 5sok depending on your bank.... No brainer, tbill is 9.5%pa before withholding tax then you give some 3% on the principal amount not even on interest yawa. Hata kama. Yet you can apply, bid, get results & transfer the cash at the comfort of your office / laptop. Why would i pay 3% of the principal amount , for what service? 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: 3/2/2009 Posts: 26,331 Location: Masada
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Angelica _ann wrote:maka wrote:NewMoney wrote:MatataMingi wrote:maka wrote:Chaka wrote:https://www.businessdailyafrica.com/markets/marketnews/StanChart-eyes-investors-with-mobile-bonds-app/3815534-5459372-7s3fvi/index.html
Good progress .... I will give it a try just as I did with G- Kuze by Genghis which is crap TBH... Let's see how this goes. @ maka. Standard Chartered are useless when it comes to such things.After the cap on interest rates , they came up with many money making schemes to fleece some customers who were not well informed about investing. I have been a Priority Customer for many years. They had been calling me all the time to offer their services to buy T Bills/Bonds. Their charge was 3% of the face value of the Bill/Bond. Lets say, I need to buy a Bill/Bond worth 5 million. They wanted to charge 150K. I told them to go stuff it. After they launched this new app, my relationship manager was very excited to tell me that they had reduced their charges to 2% of the face value. I told her to check the CBK site. No response. that percentage sounds okay to me considering the improved level of service and peace of mind you will get from stanchart. I would say it all depends on how much time you have in your hands and what else you have going with the bank .. for some people it's a reasonable rate That eats into your chumz we need to be efficient in such matters....CBK charge 0...Maybe you only pay RTGS fees like 5sok depending on your bank.... No brainer, tbill is 9.5%pa before withholding tax then you give some 3% on the principal amount not even on interest yawa. Hata kama. Yet you can apply, bid, get results & transfer the cash at the comfort of your office / laptop. Why would i pay 3% of the principal amount , for what service? Me I kent....Its free with cbk,you can even used email to them. Only extremely lazy and dumb-ass people will pay 3% on face value as fee. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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Impunity wrote:
Me I kent....Its free with cbk,you can even used email to them.
Only extremely lazy and dumb-ass people will pay 3% on face value as fee.
 I have a relative who is sooooooo lazy, they could not make that short trip to CBK to fill some forms, verify bank account and start bidding for free. Hata RTGS from our bank to CBK is free. Na kimpelempele mingi they went ahead and bought cbk bonds through Barclays. Can you say shaved super proper? I think out of a 12% bond they are getting 6% and are very happy about it. They keep talking about how much they are "making a good 12% without the hassle of having to walk allll the way to CBK." Bure sana. In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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amorphous wrote:Impunity wrote:
Me I kent....Its free with cbk,you can even used email to them.
Only extremely lazy and dumb-ass people will pay 3% on face value as fee.
I have a relative who is sooooooo lazy, they could not make that short trip to CBK to fill some forms, verify bank account and start bidding for free. Hata RTGS from our bank to CBK is free. Na kimpelempele mingi they went ahead and bought cbk bonds through Barclays. Can you say shaved super proper? I think out of a 12% bond they are getting 6% and are very happy about it. They keep talking about how much they are "making a good 12% without the hassle of having to walk allll the way to CBK." Bure sana. Oooh that is the peace of mind that the banks offer. Bure kabisa, he should have even paid you some money to run around with the forms. I did that to a friend ako majuu. Bure yeye. 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: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Angelica _ann wrote:amorphous wrote:Impunity wrote:
Me I kent....Its free with cbk,you can even used email to them.
Only extremely lazy and dumb-ass people will pay 3% on face value as fee.
I have a relative who is sooooooo lazy, they could not make that short trip to CBK to fill some forms, verify bank account and start bidding for free. Hata RTGS from our bank to CBK is free. Na kimpelempele mingi they went ahead and bought cbk bonds through Barclays. Can you say shaved super proper? I think out of a 12% bond they are getting 6% and are very happy about it. They keep talking about how much they are "making a good 12% without the hassle of having to walk allll the way to CBK." Bure sana. Oooh that is the peace of mind that the banks offer. Bure kabisa, he should have even paid you some money to run around with the forms. I did that to a friend ako majuu. Bure yeye. A shareholder of Barclays/ABSA is smiling Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/1/2009 Posts: 272
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Ericsson wrote:Angelica _ann wrote:amorphous wrote:Impunity wrote:
Me I kent....Its free with cbk,you can even used email to them.
Only extremely lazy and dumb-ass people will pay 3% on face value as fee.
I have a relative who is sooooooo lazy, they could not make that short trip to CBK to fill some forms, verify bank account and start bidding for free. Hata RTGS from our bank to CBK is free. Na kimpelempele mingi they went ahead and bought cbk bonds through Barclays. Can you say shaved super proper? I think out of a 12% bond they are getting 6% and are very happy about it. They keep talking about how much they are "making a good 12% without the hassle of having to walk allll the way to CBK." Bure sana. Oooh that is the peace of mind that the banks offer. Bure kabisa, he should have even paid you some money to run around with the forms. I did that to a friend ako majuu. Bure yeye. A shareholder of Barclays/ABSA is smiling 
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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amorphous wrote:Impunity wrote:
Me I kent....Its free with cbk,you can even used email to them.
Only extremely lazy and dumb-ass people will pay 3% on face value as fee.
I have a relative who is sooooooo lazy, they could not make that short trip to CBK to fill some forms, verify bank account and start bidding for free. Hata RTGS from our bank to CBK is free. Na kimpelempele mingi they went ahead and bought cbk bonds through Barclays. Can you say shaved super proper? I think out of a 12% bond they are getting 6% and are very happy about it. They keep talking about how much they are "making a good 12% without the hassle of having to walk allll the way to CBK." Bure sana. Guys, don't waste so much energy typing such large paragraph's just to prove you are smarter than someone else. Things are not always black and white, there are good reasons to pay the 2% or 3% especially with a word-class reputable provider like stanchart. you just DON"T KNOW WHAT YOU DON"T KNOW
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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NewMoney wrote:amorphous wrote:Impunity wrote:
Me I kent....Its free with cbk,you can even used email to them.
Only extremely lazy and dumb-ass people will pay 3% on face value as fee.
I have a relative who is sooooooo lazy, they could not make that short trip to CBK to fill some forms, verify bank account and start bidding for free. Hata RTGS from our bank to CBK is free. Na kimpelempele mingi they went ahead and bought cbk bonds through Barclays. Can you say shaved super proper? I think out of a 12% bond they are getting 6% and are very happy about it. They keep talking about how much they are "making a good 12% without the hassle of having to walk allll the way to CBK." Bure sana. Guys, don't waste so much energy typing such large paragraph's just to prove you are smarter than someone else. Things are not always black and white, there are good reasons to pay the 2% or 3% especially with a word-class reputable provider like stanchart. you just DON"T KNOW WHAT YOU DON"T KNOW Tell us in black & white, we are all ears!!! 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: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Angelica _ann wrote:NewMoney wrote:amorphous wrote:Impunity wrote:
Me I kent....Its free with cbk,you can even used email to them.
Only extremely lazy and dumb-ass people will pay 3% on face value as fee.
I have a relative who is sooooooo lazy, they could not make that short trip to CBK to fill some forms, verify bank account and start bidding for free. Hata RTGS from our bank to CBK is free. Na kimpelempele mingi they went ahead and bought cbk bonds through Barclays. Can you say shaved super proper? I think out of a 12% bond they are getting 6% and are very happy about it. They keep talking about how much they are "making a good 12% without the hassle of having to walk allll the way to CBK." Bure sana. Guys, don't waste so much energy typing such large paragraph's just to prove you are smarter than someone else. Things are not always black and white, there are good reasons to pay the 2% or 3% especially with a word-class reputable provider like stanchart. you just DON"T KNOW WHAT YOU DON"T KNOW Tell us in black & white, we are all ears!!! That feeling of belonging!
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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Angelica _ann wrote:
Tell us in black & white, we are all ears!!!
I am all eyes as well  his answer promises to be quite entertaining And let's remember this is a forum for serious talk about wealth! In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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