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Where would you invest 7 million shillings?
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murchr
#41 Posted : Tuesday, September 25, 2012 6:25:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Drunkard wrote:
masukuma wrote:
can someone advice me on how to invest this tidy sum.



All these people are excited and unrealistics, it is only one guy here who talked about risk profile and that I think is the only person who you should pay a little more attention to because he probably understand something about investment.

Mine is to tell you what not to do.

1)First if you're not yet marry, do not get married, thats the worst thing you can do at the moment.
2)If you've never had a hooker, do not get one and this is very important, if you've never been to a strip club do not go there. But if you really want to go to strip club start with training yourself by watching porn movies, if you watch porn movies 2 weeks straight you'll be so used to naked women that when you go to strip club you'll not be excited about nudity so you won't drop cash easly. Infact you'll be able to make great investment research at a strip club, I alway read WSJ at tit bars.
3)I know you're Masukuma you probably think kshs 7million is alot of money but it is not so do not let it get in your mind.
4)Do not give 10% to your church it is a reap off.
5)Don't come here expecting any advices!


d'oh! d'oh! d'oh! Laughing out loudly Laughing out loudly Laughing out loudly
Masukuma I hope u made up your mind. If not...start hanging out with wazee's or those chama women. You will be surprised at how much you can learn from these people.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Drunkard
#42 Posted : Tuesday, September 25, 2012 6:29:02 PM
Rank: User

Joined: 5/3/2011
Posts: 559
KenyanLyrics wrote:
The repetitiveness of the suggestions betrays how narrow Kenyans' thinking is when it comes to investing. No wonder random Wahindis, Wazungus and Wachina come to our country and swiftly become mega-rich in a matter of 5 years or less.

While we are busy doing traditional stocks+bonds+realestate investments, the foreigners come in, spot virgin niches and attack them with no mercy, making out like bandits in the end. Take for example that oil in Turkana. The Mkenya saw that the best investment he could make would be the usual buy a plot -> sell it later formula. The Mzungu saw oil below that plot and is now mining. Fine, the Mkenya has some change in pocket, but the Mzungu now has money beyond his wildest dreams.

Bwana masukuma, I urge you to expand your mind and find the many poorly served niches we have in Africa. The greatest financial rewards lie there.


Kshs 7million or 7 billion? Kenyanlyrics, stick to music these money thing is too complex! Which virginity are you talking about? with 7 million I guess you're talking about female virginity because yes! you can drive up until Central Africa conquiring villages full of virgin girls infact you'll be lucky to get there before you run out of money, thats the only virginity you can spot with Kshs 7 Million!
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  | | Edit by user: Tuesday, September 25, 2012 6:34 PM | Reason: Not specified
KenyanLyrics
#43 Posted : Tuesday, September 25, 2012 6:55:10 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
guru267 wrote:
KenyanLyrics wrote:

While we are busy doing traditional stocks+bonds+realestate investments, the foreigners come in, spot virgin niches and attack them with no mercy, making out like bandits in the end. Take for example that oil in Turkana. The Mkenya saw that the best investment he could make would be the usual buy a plot -> sell it later formula. The Mzungu saw oil below that plot and is now mining..


KYL = Know Your Level

Akina wachina have billions of dollars while our friend has a meagre 7million Kshs ($80,000)...

Even Wazungu cannot do much with ($80,000)!

you seem to be the one with a shallow mind as you do not seem to know the level of experience, passion, CAPITAL, time & sweat that is needed to make any venture successful!





So according to your KYL mantra, Kenyans are on a lower level than the Wazungu/Wahindi expats? Witness the effects of colonialism.

I believe it is you who may have underestimated my experience in making a successful venture. For one, I know that no entrepreneur worth his salt gives CAPITAL as a primary excuse for not diving into something.

And let's not restrict my example to oil alone. My example was just to show about how Kenyans let opportunities go simply because of fear and lazy investing habits formed over the years.
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murchr
#44 Posted : Tuesday, September 25, 2012 7:04:45 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
KenyanLyrics wrote:
guru267 wrote:
KenyanLyrics wrote:

While we are busy doing traditional stocks+bonds+realestate investments, the foreigners come in, spot virgin niches and attack them with no mercy, making out like bandits in the end. Take for example that oil in Turkana. The Mkenya saw that the best investment he could make would be the usual buy a plot -> sell it later formula. The Mzungu saw oil below that plot and is now mining..


KYL = Know Your Level

Akina wachina have billions of dollars while our friend has a meagre 7million Kshs ($80,000)...

Even Wazungu cannot do much with ($80,000)!

you seem to be the one with a shallow mind as you do not seem to know the level of experience, passion, CAPITAL, time & sweat that is needed to make any venture successful!





So according to your KYL mantra, Kenyans are on a lower level than the Wazungu/Wahindi expats? Witness the effects of colonialism.

I believe it is you who may have underestimated my experience in making a successful venture. For one, I know that no entrepreneur worth his salt gives CAPITAL as a primary excuse for not diving into something.

And let's not restrict my example to oil alone. My example was just to show about how Kenyans let opportunities go simply because of fear and lazy investing habits formed over the years.


Really!!! Why not tell masukuma what you think he should do with his money instead of coming here and abusing everyone else genius!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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maka
#45 Posted : Tuesday, September 25, 2012 7:06:53 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
masukuma wrote:
can someone advice me on how to invest this tidy sum.

...Ok since we,ve bin asked by @kenyanlyrics to think outside the box,buy some 10 acres somewhere then drill a borehole put up lyk 10 greenhouses and cultivate a lot of marijuana ul make millions...or get a bond wth a coupon rate of around 12% after tax you,l be netting around 65k a month,frm this start setting aside probably half of it to buy equities,the rest think of a business to do...
possunt quia posse videntur
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guru267
#46 Posted : Tuesday, September 25, 2012 7:45:41 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
KenyanLyrics wrote:
So according to your KYL mantra, Kenyans are on a lower level than the Wazungu/Wahindi expats? Witness the effects of colonialism.


Kindly bless with your uncolonized genius and give us examples of wahindi/Wazungu who have made it bigger than us colonized Kenyans with only 7million shs starting capital...


Mark 12:29
Deuteronomy 4:16
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KenyanLyrics
#47 Posted : Tuesday, September 25, 2012 9:56:28 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
murchr wrote:

Really!!! Why not tell masukuma what you think he should do with his money instead of coming here and abusing everyone else genius!


Well since you asked so kindly, my suggestion would be to set up an app development firm for iOS. 5 Objective C developers, a high speed internet connection and you're good to go. Sell enterprise apps on iTunes, targeting US market. Would take less than 4m and potential revenue is in millions per month.
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young
#48 Posted : Tuesday, September 25, 2012 10:35:39 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@kenyalyrics

If you don't mind please give a breakdown of how less
than 4m ksh can be used to set up your
suggested ICt biz to our friend taking into
consideration.
- Rental cost for 2 years in a good location not
in kitengela or kawagware it has to be in central
nairobi.
- Cost of Furnishing and sundry.
- Cost of acquisition of computer hardware as a training
center you need min of 4 systems
- Cost of software licence enterprise licence not single user licences
- Working capital for salary and sundry
expenses
- Cost for utilities, Stationery
- Cost of registeation of biz name and advertising including
statutory sign post charges for city council of
nairobi
- cost of training our friend to acquire this
specific ICT skill to be competent
- Cost of marketing
- Other charges and expenses

Let us know your estimated turnover in the short
term and the projected profit.
Educate us on how you will spend less than 4
million shillings in year 2012 not 2002 to set up this biz
Explain also how to get clientele because this
kind of business require some time up to
2 years to get client as it is very competetive and
in requires some time to earn client confidence
in such a start up with no previous reference
point or experience.

Regards
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Tuesday, September 25, 2012 10:42 PM | Reason: Not specified
murchr
#49 Posted : Tuesday, September 25, 2012 10:55:32 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
KenyanLyrics wrote:
murchr wrote:

Really!!! Why not tell masukuma what you think he should do with his money instead of coming here and abusing everyone else genius!


Well since you asked so kindly, my suggestion would be to set up an app development firm for iOS. 5 Objective C developers, a high speed internet connection and you're good to go. Sell enterprise apps on iTunes, targeting US market. Would take less than 4m and potential revenue is in millions per month.


Let me give u free advice from the Richest Man in Babylon.

1. Gold cometh gladly and in increasing quantity to any man who will put not less than one tenth of his earnings to create an estate for his future and that of his family. (Pay thy self first)

2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employement, multiplying even as flocks of the field. (Invest and build more wealth)

3. Gold clingeth to the protection of the cautious owner who invests it under the advise of wise men in its handling. (Read, study, seek qualified advise)

4. Gold slippeth away from the man who invests it in business or purpose with which he is not familiar or which are not approaved by those skilled in its keep. (Know your business)

5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment. (Dont be greedy)

I dont know what makes you think that Masukuma has any interest or skill in ICT to even have any interest in investing in programming and software let alone market it.

But heed to the red part and you shall never regret.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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jaggernaut
#50 Posted : Tuesday, September 25, 2012 11:50:53 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
I'd suggest that you do real estate. Get an eighth acre at 1m at mwiki, ruai etc. It can fit 7 one bedroom flats on each floor. Each unit at 30m2. Build 2 floors ie ground and 1st floor, a total of 14 units. Construction cost will be 14units x 30m2 @15000 which totals to 6.3m. Rental income will be 14 units x 8,000 each totaling 112,000. Using the rent proceeds you can now choose where to rent a house for you to live in at maybe 40k and pocket the 72k balance every month.

With time and using the rent generated, you can add another 4 floors pole pole, maybe 1 floor per Yr, bringing the total no. of units to 42 and a monthly income of KES 336,000. This amount will be enough for you to rent a luxury apartment at Le Mac Westlands (at only 150k pm). Then you can get another 1/8th and do it again.....and again.
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  | | Edit by user: Wednesday, September 26, 2012 12:01 AM | Reason: Not specified
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