NewMoney wrote:Impunity wrote:mlennyma wrote:Ericsson wrote:Pesa Nane wrote:MatataMingi wrote:10% Tax Free is not a bad return. About 11.75% Gross
How much can a person invest, I mean the maximum.
There is no ceiling. Put as much as you may wish.
NB:
Mobile payments (M-Pesa and others) have a transaction limit of Ksh. 140,000.00 per day
PesaLink on the other hand has a transaction limit of Ksh. 999,999.00 but NO LIMIT to the number of transactions per day. You are 'unlimited' hapa.
10% return is too low
Good for fund managers and tycoons...I don't see any normal wanjiku keeping 3000 for 1year to get 300bob
Peanut for real.
You to deposit those to stolen money to make sense here.
Otherwise wanjiku can easily double her 3K in 2 days selling bananas on the traffic jam.
This kind of mentality only works for the hoi polloi living hand to mouth who can only afford selling labour to earn money. The kind of crowd I expect to find in this forum are people who make money work for them and appreciate any clean business that can earn upto 10% pa. 10% is an extra ordinary return on your investment if you are worth anything notable. This begs the questions, how many dollar millionaires do we have on this forum? 50%? 20%? 0%?
It will a hopeless exercise to put 100K in such venture when you can earn but some bags of maize in low season and sell in high demand season.
If you can put say 10M at least in such venture then it can make sense.
It's not only a matter of clean return,but also opportunity cost.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.