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ADVICE ON BEST INVESTMENT REQUIRED
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Evolve
#1 Posted : Saturday, January 15, 2011 9:30:17 AM
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Joined: 9/25/2007
Posts: 96
A friend recently lost his job and seeking advice on possible investments to guarantee himself some income as he looks for another job. Luckily he has been investing in the stock exchange and has a portfolio of approximetely Kshs 4 million. I have adviced him to offload some of the shares as the dividends yields are too low and invest in money market. As he contemplates what to do, your ideas may save a soul.
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qw25041985
#2 Posted : Saturday, January 15, 2011 10:00:04 AM
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Location: Nai
a portfolio of approximetely Kshs 4 million . thats quite impressive for an unemployed...but we all know where the real money is at FOREX......with forex 4 million will toooooooooooo extravagant a capital...a mere $1000.00 is enough to asure him a 100% within a month or two..This past week i made $700.00 on my forex trading and i know next week it'll be better...
i have been actively forex trading for a year and a half so i know what i am talking about...
Your future depends on your dreams so go to sleep !
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Njung'e
#3 Posted : Saturday, January 15, 2011 11:25:11 AM
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Joined: 2/7/2007
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Location: Nairobi
@qw,
...NKT!....Be a gentleman na ulipe deni ya VVS.
Nothing great was ever achieved without enthusiasm.
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sparkly
#4 Posted : Saturday, January 15, 2011 11:54:17 AM
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Location: Enk are Nyirobi
@evolve give us more details. If your friend is young and likely to get a job in 1 or 2 months he can liquidate some of the stocks for tarmacking. If older and chances of getting a job soon slim he shld cut living expenses first - move to a cheaper house, take kids to cheaper schools, sell car. Then he can look for job or start biz. 4m is too little to produce a passive income that can sustain a middle class family.
Life is short. Live passionately.
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kyt
#5 Posted : Saturday, January 15, 2011 11:58:39 AM
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Joined: 11/7/2007
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I think the guy does not need advice, he has done 4M! He can do it again! And again!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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ngapat
#6 Posted : Saturday, January 15, 2011 2:43:23 PM
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Joined: 12/11/2006
Posts: 884
qw25041985 wrote:
a portfolio of approximetely Kshs 4 million . thats quite impressive for an unemployed...but we all know where the real money is at FOREX......with forex 4 million will toooooooooooo extravagant a capital...a mere $1000.00 is enough to asure him a 100% within a month or two..This past week i made $700.00 on my forex trading and i know next week it'll be better...
i have been actively forex trading for a year and a half so i know what i am talking about...


Forex is highly rewarding but very risky. It will take you like 2yrs to learn with lots of research and practice A/C with no surelity of succeeding. You should only try it if you r stable financially
“Invest in yourself. Your career is the engine of your wealth.”
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Gordon Gekko
#7 Posted : Saturday, January 15, 2011 4:07:00 PM
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Joined: 5/27/2008
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@sparkly, if older he probably has a mortgage. He should liquidate it with the cash. That will protect the investment and assure his family a roof. Food and fees to be followed up later.
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Wendz
#8 Posted : Monday, January 17, 2011 9:56:09 AM
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Joined: 6/19/2008
Posts: 4,268
kyt wrote:
I think the guy does not need advice, he has done 4M! He can do it again! And again!


The guy was employed. That's how he made his money. He lost his job.

How about liquidating some of it. use some to speculate on properties? He can also try this agency banking though it is also very risky given all the robbery going around.... but he could get something that will keep him going in the meantime.
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2012
#9 Posted : Monday, January 17, 2011 10:25:50 AM
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Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
@Evolve,

I think your advice was wise.
First to pay rent for 1yr (if you're renting). If he has kids in school he should put half money (2m) in a fund. I'd recommend Income fund or money market with Britak or where you can get a minimum annual return of 8% (I use britak) and with 2m you're guaranteed of at least 160k per annum divide that by 3 school terms and you get 53k. When school fees and rent are taken care of life becomes manageable.

BBI will solve it :)
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Evolve
#10 Posted : Monday, January 17, 2011 10:54:45 AM
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Joined: 9/25/2007
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My friend is in his mid-thirties and has a young family (two kids aged 10 and 5). Luckily, he has a house in the suburbs which he does not pay a loan. The house is incomplete but is habitable.
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QD
#11 Posted : Monday, January 17, 2011 10:58:38 AM
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Joined: 8/5/2009
Posts: 597
He could liquidate part of the money and put in afixed deposit account i.e 2M renewable every month something like 4%-6%. will be assured of every month kidogo income and principle preservation. if the issue of rent is taken care of.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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2012
#12 Posted : Monday, January 17, 2011 12:20:12 PM
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Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
QD wrote:
He could liquidate part of the money and put in afixed deposit account i.e 2M renewable every month something like 4%-6%.


4-6% per month? With which bank/institution?

BBI will solve it :)
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My 2 cents
#13 Posted : Monday, January 17, 2011 12:29:59 PM
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Joined: 6/2/2010
Posts: 1,066
Tell your friend to "Kaa Ngumu" and aggresively look for another job. Selling those shares SHOULD BE THE LAST RESORT!!!!!!!!!!!!!!!!!!!!!!!!!!!! Only after he has been out of a job for several several months. Right now he needs to concentrate on cutting his expenses to bare bones as he looks for another job.
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QD
#14 Posted : Tuesday, January 18, 2011 1:25:08 PM
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Joined: 8/5/2009
Posts: 597
2012 wrote:
QD wrote:
He could liquidate part of the money and put in afixed deposit account i.e 2M renewable every month something like 4%-6%.


4-6% per month? With which bank/institution?

Contact me to invest your funds en yes its a bank en remember terms en conditions apply.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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githundi
#15 Posted : Tuesday, January 18, 2011 2:37:23 PM
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Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
QD wrote:
2012 wrote:
QD wrote:
He could liquidate part of the money and put in afixed deposit account i.e 2M renewable every month something like 4%-6%.


4-6% per month? With which bank/institution?

Contact me to invest your funds en yes its a bank en remember terms en conditions apply.

p.a paid monthly or rate per month equiv to 48 to 72 %?
Democracy does not belong to the dead
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Stealth
#16 Posted : Tuesday, January 18, 2011 2:49:54 PM
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Joined: 5/3/2010
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Location: East Africa
@ QD
Tell us clearly is it 4 - 6% p.a and renewed monthly or its 4 - 6% monthly thus 48 - 72% p.a?
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Stealth
#17 Posted : Tuesday, January 18, 2011 2:57:20 PM
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Joined: 5/3/2010
Posts: 145
Location: East Africa
4 - 6% per month from a bank? Uwesmek. Kwani they are giving out free money?
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bwenyenye
#18 Posted : Tuesday, January 18, 2011 2:59:49 PM
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Joined: 5/24/2007
Posts: 1,805
Guys just check out today's Business Daily. The banks are sitting on too much deposits. The average deposit rate is about 3.42% and those with big money ( Fund Managers, Insurance cos, EABL, HNWI) are gettign a maximum of about 6%. There is no banker in his good mind who can give you 72% p.a.. Hakunaa.

I think QD is 4-6% P.A renewing every month.
I Think Therefore I Am
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Mainat
#19 Posted : Tuesday, January 18, 2011 4:26:28 PM
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Joined: 11/21/2006
Posts: 1,590
3-4% would mean the bank was losing money. Unlikely.
Either buy a plot or put it in Equity.
Sehemu ndio nyumba
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QD
#20 Posted : Wednesday, January 19, 2011 1:05:00 PM
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Joined: 8/5/2009
Posts: 597
Sorry guys the rate is P.A renewed monthly. anyone still interested???.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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