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Make yourself Billionaire........
Rank: New-farer Joined: 1/17/2011 Posts: 7 Location: India
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For Investment purpose, we often wait to collect a large amount of money and invest it all at once. These investments are done to achieve our future goals like buying a house, child's education, marriage or retirement planning. However recurring household expenses always erode the money which we would have otherwise kept for investments and the result - we end up compromising on our financial goals. So,in order to get the dual benefits of investment and that too of small amount periodically, we have Systematic Investment Plan(SIP). A systematic investment plan or SIP (as it is more commonly known) is a way to invest in mutual funds with small sums of money on regularly basis typically monthly or quarterly , over a longer period of time. These small and regular investments will help in growth of your wealth in the long run and you will surely reap the benefits of the fruits that you have planted by doing systematic investments of your hard-earned money in mutual funds.
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Rank: Elder Joined: 9/7/2010 Posts: 2,148 Location: elderville
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Just go straight to the point already and tell us of this great mutual fund of yours that will make us billionaires!  He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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Rank: New-farer Joined: 1/17/2011 Posts: 7 Location: India
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Dear Elder, If I want to explain my post in detail to everybody, then why you are having a problem for it?
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Rank: Elder Joined: 9/7/2010 Posts: 2,148 Location: elderville
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No problem if that were the case. I just can't reconcile your topic and post. Have shades of pyramid schemes and billionaire pap lotteries to me. Honest details should have mentioned that small and periodic investments even in SIP cannot make one a billionaire. He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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Rank: New-farer Joined: 1/17/2011 Posts: 7 Location: India
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Dear Elder, Read my post properly. I already wrote that SIP in mutual funds can help in growth of your wealth over a longer period of time which will grow your investment pile that ultimately would result in making you a billinaire..
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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Its not worth jabs being thrown around. Just be easy guys. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 9/7/2010 Posts: 2,148 Location: elderville
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jiten702 wrote:Dear Elder,
Read my post properly. I already wrote that SIP in mutual funds can help in growth of your wealth over a longer period of time which will grow your investment pile that ultimately would result in making you a billinaire.. Ok. Wont let the title of the thread detract me from the content. Welcome to Wazua. He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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I was trying to imagine that i earn 50,000 per month nett and i begin saving 15,000 in a mutual fund whose returns is an impressive 10%. At the time of starting i am 30 years of age and i plann to retire at 55 years. assuming that throughout the 25 years of earning i will not default in submitting the 15,000 and that the returns is a constant 10%, if my mathematics is correct, then by the end of the 25th year i will be having 1,804,846.80 . ajaaah...this is not for small time earners. next, to earn a billion when the parameters remain as above, it will take 91.4years..jesus christ!!! ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Veteran Joined: 10/8/2008 Posts: 1,575
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just made myself one by ordering mugambes notes  I care!
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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@Kaiganggio,
Sorry mate. Your maths are wrong.
If you invest 15000 per month i.e 180000 per year, that over 25 years alone will get you 4,500,000- WITHOUT any interest.
Now consider the impact of compound interest over the the years !!
I think you will walk away with at least 20 Million not 1.8 million as you state.
A billion is another story !!!!
Regards
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Rank: Member Joined: 8/29/2008 Posts: 571
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KAIGANGIO:If after saving for 25 years you will be having only sh 1.8 million,then factor inflation etc and your cash will be enough only for beer only for one weekend.My advise is if you want be a "B-naire",get in touch with drug dealors like Sonko and you won't wait for 25 years!
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Rank: Elder Joined: 10/23/2008 Posts: 3,966
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jiten702 wrote:Dear Elder,
If I want to explain my post in detail to everybody, then why you are having a problem for it? Kizungu ni hard. Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
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Rank: Member Joined: 12/7/2010 Posts: 520 Location: Epicentre - Ngamia 1
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Jus Blazin wrote:jiten702 wrote:Dear Elder,
If I want to explain my post in detail to everybody, then why you are having a problem for it? Kizungu ni hard. Kizungu ilikuja na meli  Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Forester wrote:Jus Blazin wrote:jiten702 wrote:Dear Elder,
If I want to explain my post in detail to everybody, then why you are having a problem for it? Kizungu ni hard. Kizungu ilikuja na meli @Forester, Its also a second language in Kenya, yet many people on this forum write fluent English. I am afraid I am not able to take anyone writing in such a broken way seriously, especially where money is concerned.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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@Jiten,
Does it mean you are already a billionaire?Ama its like an insurance salesman selling insurance when they have nil insurance cover themselves?
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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quicksand wrote:Forester wrote:Jus Blazin wrote:jiten702 wrote:Dear Elder,
If I want to explain my post in detail to everybody, then why you are having a problem for it? Kizungu ni hard. Kizungu ilikuja na meli @Forester, Its also a second language in Kenya, yet many people on this forum write fluent English. I am afraid I am not able to take anyone writing in such a broken way seriously, especially where money is concerned. The guy is indian..... and the investment sounds just like the English... and anything is possible in that side of the world... you know. You pay half the fare, they fly you on half the plane....... or at a restaurant door, an advert goes 1/2price for a plate of food today... at service level, veve nalipa nusu, veve napata sahani nusu...
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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correction: investing 15,000 per month or 180,000 per year at a return rate of 10% for 25 years will yield a total of ksh 19,472,717.80. and it would take 65.3 years to realise ksh 1.0 billion investing exactly as above...  thanks matatamingi ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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Chaka wrote:@Jiten,
Does it mean you are already a billionaire?Ama its like an insurance salesman selling insurance when they have nil insurance cover themselves? this heat is too much for our friend Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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