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FIXED DEPOSIT TERMS
Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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mukiha wrote:mwekez@ji wrote:mukiha wrote:mwekez@ji wrote:mukiha wrote:mwekez@ji wrote:T Bills outdo Fixed Deposit Terms any day! And Money Market Unit Trusts are currently better than T-Bills. Check out Britam and CIC @mukiha, give us the numbers after factoring in the fund management charges The quoted figures are net of management fees and withholding taxes! @mukiha, what are the quoted figures (net of management fees and WHT? Link? Figures are listed in the newspapers daily... on the same page as stocks and currencies. My January statement at CIC has just arrived, the fund earned an average of 9.39% pa net - this is the amount credited to my account. 90-day T Bills were hovering around 8.5% in the same month. The longer the period the higher the rate. Can't compare a 90 day t/bill with an annual rate
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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For Sport wrote:mukiha wrote:mwekez@ji wrote:mukiha wrote:mwekez@ji wrote:mukiha wrote:mwekez@ji wrote:T Bills outdo Fixed Deposit Terms any day! And Money Market Unit Trusts are currently better than T-Bills. Check out Britam and CIC @mukiha, give us the numbers after factoring in the fund management charges The quoted figures are net of management fees and withholding taxes! @mukiha, what are the quoted figures (net of management fees and WHT? Link? Figures are listed in the newspapers daily... on the same page as stocks and currencies. My January statement at CIC has just arrived, the fund earned an average of 9.39% pa net - this is the amount credited to my account. 90-day T Bills were hovering around 8.5% in the same month. The longer the period the higher the rate. Can't compare a 90 day t/bill with an annual rate I loath the days back in 2012 same time or thereabout when T-bills were hovering about 16% for 90 days!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 8/23/2010 Posts: 63 Location: Kampala
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mukiha wrote:mwekez@ji wrote:mukiha wrote:mwekez@ji wrote:T Bills outdo Fixed Deposit Terms any day! And Money Market Unit Trusts are currently better than T-Bills. Check out Britam and CIC @mukiha, give us the numbers after factoring in the fund management charges The quoted figures are net of management fees and withholding taxes! Guys, UAP Financial Services has quotes of 14-13%p.a. If your interested, just drop email at msimon@talk21.com
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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msimon wrote:Guys, UAP Financial Services has quotes of 14-13%p.a. If your interested, just drop email at msimon@talk21.com Are they licenced by CMA to do this business?
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Rank: New-farer Joined: 8/23/2010 Posts: 63 Location: Kampala
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Chaka wrote:msimon wrote:Guys, UAP Financial Services has quotes of 14-13%p.a. If your interested, just drop email at msimon@talk21.com Are they licenced by CMA to do this business? Yep, they are licensed/
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Impunity wrote:mukiha wrote:Chaka wrote:mukiha wrote:mwekez@ji wrote:T Bills outdo Fixed Deposit Terms any day! And Money Market Unit Trusts are currently better than T-Bills. Check out Britam and CIC What about Amana? I don't know anything about Amana apart from that they report higher returns than everybody. But who's their tall uncle? CIC has Co-Op bank behind it Britam has Eqty ICEA is, well, huge in it's own right. etc How about Amana? Who knows? For that reason, I am hesitant to put my money with them. And with which Trust do you put your money? Read post #37 Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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mawinder wrote:Impunity wrote:Ngong wrote:And the USD rates quite good,are we heading to hundred?  If a certain coalition wins then USD rate will hit 150 by June 2013; dump and wait for rate to come down. That is why I support that unnamed coalition. You will make so much KES but you wont buy anything valuable since the cost of say bread will be kindu Kes.200 from currently 50 due to erosion of economy. So its a two-aged sword.  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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mukiha wrote:Impunity wrote:mukiha wrote:Chaka wrote:mukiha wrote:mwekez@ji wrote:T Bills outdo Fixed Deposit Terms any day! And Money Market Unit Trusts are currently better than T-Bills. Check out Britam and CIC What about Amana? I don't know anything about Amana apart from that they report higher returns than everybody. But who's their tall uncle? CIC has Co-Op bank behind it Britam has Eqty ICEA is, well, huge in it's own right. etc How about Amana? Who knows? For that reason, I am hesitant to put my money with them. And with which Trust do you put your money? Read post #37 CIC ok. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Impunity wrote:mawinder wrote:Impunity wrote:Ngong wrote:And the USD rates quite good,are we heading to hundred? If a certain coalition wins then USD rate will hit 150 by June 2013; dump and wait for rate to come down. That is why I support that unnamed coalition. You will make so much KES but you wont buy anything valuable since the cost of say bread will be kindu Kes.200 from currently 50 due to erosion of economy. So its a two-aged sword. Then we will impeach the coalition to ensure peace is there and the dollar goes to 60 bob.Another coalition's deal is sweeter i.e you go with a business proposal and you get the funds,no guarantors,security,or other unnecessary paperwork and the best thing is that the money is free and is for all youth.That reminds me of the great depression when children were using bank notes to make toy cars.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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