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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Dude Cytonn 18% ends this month. They pay interest monthly
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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Why accept 9% and CIC Money market is giving 11.5% or there about? I work so I can afford the amount of alcohol required to continue going to work
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Ryko wrote:Why accept 9% and CIC Money market is giving 11.5% or there about? Why accept 11.5% when Panafrica Pesa+ gives 14-15% pa.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Horton wrote:Dude Cytonn 18% ends this month. They pay interest monthly Kindly clarify what you mean by "18% ends this month". The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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jerry wrote:Horton wrote:Dude Cytonn 18% ends this month. They pay interest monthly Kindly clarify what you mean by "18% ends this month". @Jerry cytonn are reducing their CMS rates at the end of this month. So if u lock in at 18% pa, ur good. If not, u would have to get in at the lower rates. I have locked in mine for 2 years. They are paying interest of 18% pa on their CMS
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Horton wrote:jerry wrote:Horton wrote:Dude Cytonn 18% ends this month. They pay interest monthly Kindly clarify what you mean by "18% ends this month". @Jerry cytonn are reducing their CMS rates at the end of this month. So if u lock in at 18% pa, ur good. If not, u would have to get in at the lower rates. I have locked in mine for 2 years. They are paying interest of 18% pa on their CMS The cookie is crumbling. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Horton wrote:jerry wrote:Horton wrote:Dude Cytonn 18% ends this month. They pay interest monthly Kindly clarify what you mean by "18% ends this month". @Jerry cytonn are reducing their CMS rates at the end of this month. So if u lock in at 18% pa, ur good. If not, u would have to get in at the lower rates. I have locked in mine for 2 years. They are paying interest of 18% pa on their CMS There will be no Cytonn in 2 years when your funds mature. Mark my words. Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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@kularaha i find ur confidence quite fascinating....deluded really....many people here also said something similar about equity a few years back!
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Horton wrote:@kularaha i find ur confidence quite fascinating....deluded really....many people here also said something similar about equity a few years back!
They also raised a red flag about Imperial Bank right here! Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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kaka2za wrote:Horton wrote:@kularaha i find ur confidence quite fascinating....deluded really....many people here also said something similar about equity a few years back!
They also raised a red flag about Imperial Bank right here! Dont remember seeing a redflag on imperial until after
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Rank: New-farer Joined: 10/28/2015 Posts: 47
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Horton wrote:kaka2za wrote:Horton wrote:@kularaha i find ur confidence quite fascinating....deluded really....many people here also said something similar about equity a few years back!
They also raised a red flag about Imperial Bank right here! Dont remember seeing a redflag on imperial until after As a rule of thumb, monthly payments raise a red flag if the fundamentals are not clear; plus that interest rate is too high not to raise questions from curious investors ...
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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tmakto wrote:Horton wrote:kaka2za wrote:Horton wrote:@kularaha i find ur confidence quite fascinating....deluded really....many people here also said something similar about equity a few years back!
They also raised a red flag about Imperial Bank right here! Dont remember seeing a redflag on imperial until after As a rule of thumb, monthly payments raise a red flag if the fundamentals are not clear; plus that interest rate is too high not to raise questions from curious investors ... red flag for dubai bank and chase bank was raised here in wazua too.Im also exposed to faulu bank fixed deposit but im opting out as soon as my investment matures in dec.I will move to treasury bond. Towards the goal of financial freedom
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Usually T-bills, considered the "gold standard" for safety, usually pay less my friend
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Horton wrote:Usually T-bills, considered the "gold standard" for safety, usually pay less my friend Not 50% less my friend.... Business opportunities are like buses,there's always another one coming
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Rank: New-farer Joined: 10/28/2015 Posts: 47
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Ebenyo wrote:tmakto wrote:Horton wrote:kaka2za wrote:Horton wrote:@kularaha i find ur confidence quite fascinating....deluded really....many people here also said something similar about equity a few years back!
They also raised a red flag about Imperial Bank right here! Dont remember seeing a redflag on imperial until after As a rule of thumb, monthly payments raise a red flag if the fundamentals are not clear; plus that interest rate is too high not to raise questions from curious investors ... red flag for dubai bank and chase bank was raised here in wazua too.Im also exposed to faulu bank fixed deposit but im opting out as soon as my investment matures in dec.I will move to treasury bond. @Ebenyo please enlighten on doubts over Faulu.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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@tmakto,i dont have any news yet but what happened at chase bank was an eye opener.Its better to put ur money where u feel safe.Cbk is 100% safe unless something tragic happens like civil war. Towards the goal of financial freedom
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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There are three levels of rates being offered in the market: One group pays t bill rates or lower, mostly banks in tier 1 & 2 Another group pays way above t bill, near 12 to 13%, mostly banks in tier 3 & 4 Last group pays "crazy" rates like 18%, mostly "investment companies" like Cytonn, my neighbourhood shylock, my uncle who wants to borrow to start some hair-brained business etc Business opportunities are like buses,there's always another one coming
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Rank: New-farer Joined: 10/28/2015 Posts: 47
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@Ebenyo Thanks, makes sense. I think Faulu owners (OldMutual etc) are a better lot overall, so should be ok mid-term
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Rank: Member Joined: 3/9/2012 Posts: 144
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KulaRaha wrote:There are three levels of rates being offered in the market:
One group pays t bill rates or lower, mostly banks in tier 1 & 2
Another group pays way above t bill, near 12 to 13%, mostly banks in tier 3 & 4
Last group pays "crazy" rates like 18%, mostly "investment companies" like Cytonn, my neighbourhood shylock, my uncle who wants to borrow to start some hair-brained business etc
@ Kularaha ebu expound for us brick walls for heads!!! I found meaningful work🤓
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