Wazua
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Treasury Bills and Bonds
Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting   Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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GOK is doing further budget cuts as bond issues fail to hit target Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:GOK is doing further budget cuts as bond issues fail to hit target We need to move 100 to 200 bps for longer ended papers to make them attractive....14% would be good... possunt quia posse videntur
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Rank: New-farer Joined: 5/7/2010 Posts: 38 Location: Nairobi
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Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Trust in God and endure patiently.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now.  Towards the goal of financial freedom
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Rank: Member Joined: 4/21/2015 Posts: 151
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maka wrote:Ericsson wrote:GOK is doing further budget cuts as bond issues fail to hit target We need to move 100 to 200 bps for longer ended papers to make them attractive....14% would be good... True. 11.95% for such a long tenure is low. How would one go about buying the 2017/12 years from the secondary market?
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Rank: Member Joined: 4/21/2015 Posts: 151
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Ebenyo wrote:Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. The dust bowl whirlwind seems to have died down
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Ebenyo wrote:Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Naysayers claim you can put the 100M in sportspesa and double it overnight....but you can also lose it overnight! Just imagine what you can do with a 1M monthly income? You can rent those 200K per month serviced apartments hapo Rosdlyn Heights and be neighbors with kina Caroline Mutoko and other top end slay queens...and still have change to buy plot monthly huko Kitee! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Have you factored in the capital appreciation of the 2 mansions over 40 years? If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Swenani wrote:Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Have you factored in the capital appreciation of the 2 mansions over 40 years? Appreciation for who? 40 years you would be gone, enjoy live now my fren. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Angelica _ann wrote:Swenani wrote:Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Have you factored in the capital appreciation of the 2 mansions over 40 years? Appreciation for who? 40 years you would be gone, enjoy live now my fren. The way he is landing on anything with a hole...haezi fika ata midlife. In 20 years those houses in kitusuru may be looking like zile za komarocks...slums! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:Angelica _ann wrote:Swenani wrote:Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Have you factored in the capital appreciation of the 2 mansions over 40 years? Appreciation for who? 40 years you would be gone, enjoy live now my fren. The way he is landing on anything with a hole...haezi fika ata midlife. In 20 years those houses in kitusuru may be looking like zile za komarocks...slums! Well that's my school of thought.... Capital appreciation is so over rated... We are trying to live like permanent citizens in a temporary world... Tengenezea watoto Trust... possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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maka wrote:Impunity wrote:Angelica _ann wrote:Swenani wrote:Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Have you factored in the capital appreciation of the 2 mansions over 40 years? Appreciation for who? 40 years you would be gone, enjoy live now my fren. The way he is landing on anything with a hole...haezi fika ata midlife. In 20 years those houses in kitusuru may be looking like zile za komarocks...slums! Well that's my school of thought.... Capital appreciation is so over rated... We are trying to live like permanent citizens in a temporary world... Tengenezea watoto Trust... If you invest in those IFB at +12, tax free & amortised. You are way better off than the capital gains nonsense. However the amount invested must be substantial to make sense - in one tranche!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Angelica _ann wrote:maka wrote:Impunity wrote:Angelica _ann wrote:Swenani wrote:Impunity wrote:ibsi wrote:Impunity wrote:Angelica _ann wrote:Impunity wrote:KulaRaha wrote:Angelica _ann wrote:maka wrote:Angelica _ann wrote:maka wrote:Tap sale... Am too high to get the info... But yes we have a tap... Kesho is another day. We will be waiting Now this is good, mbus came back for the masses, unlike previously. Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon... The coupon rate remains same coz it's a tap sale. The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market. I moved from bonds to 1 year t-bills, better compounded returns and no sales headaches. I don't think Tbills at 9% before 15% haircut is comparable to 12% net profit IFB. You will be more liquid with a monthly spreadout bills and you risk misusing the liquidity on some urembo za bure. I prefer Bonds to Bills coz of the interest rate and also ease in handling them especially rolling over. Once you buy a 20 yr bond you'll just relax and get interest semi annually and reinvest the interest and by the time the bond matures, you'll have made a fortune to make you survive. Me thought so too. Imagine placing 100M in a 20 year IFB bond coupons at 12%. This will give you monthly salo ya Kes.1M for 20 years (Yaani 4 terms as an mpig). Contrast this with buying a 20M land in kitusuru and putting up 2 mansions at 40M each...each mansion giving 200K pm at the best...thats 400K pm assuming full time occupancy. Then think about maintenance,kanjo,Riparian fears,non occupancy,difficult luo tenants etc for 20 years! Sometimes it's good to let the money work for you....sadly we don't have the 100M now. Have you factored in the capital appreciation of the 2 mansions over 40 years? Appreciation for who? 40 years you would be gone, enjoy live now my fren. The way he is landing on anything with a hole...haezi fika ata midlife. In 20 years those houses in kitusuru may be looking like zile za komarocks...slums! Well that's my school of thought.... Capital appreciation is so over rated... We are trying to live like permanent citizens in a temporary world... Tengenezea watoto Trust... If you invest in those IFB at +12, tax free & amortised. You are way better off than the capital gains nonsense. However the amount invested must be substantial to make sense - in one tranche!!! Minimum tranche inafaa ikue ngapi?Na I know sio eti 1M only. @maka,hio story ya capital appreciation is like a person living only for his/her kids...of what use will it be to be a millionaire at 80 years old?You can't even even party at that age. And even after those 30 years,the guy will still not sell those houses. He will be a millionaire only on the books. Let your kids also work hard,why make them live an easy lazy life while you toil like a slave now? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Impunity wrote:@maka,hio story ya capital appreciation is like a person living only for his/her kids...of what use will it be to be a millionaire at 80 years old?You can't even even party at that age.
And even after those 30 years,the guy will still not sell those houses. He will be a millionaire only on the books.
Let your kids also work hard,why make them live an easy lazy life while you toil like a slave now? Amen!!! You are just a glorified askari, taking care of the money for others to spend! Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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You know at the age of 50-60 you can sell one of the houses and buy bonds to live off the interest in retirement. I'm sure healthcare costs would be really be expensive. In Africa due to inflation real estate still remains king. Africa is too risky for bonds politicians can mess up big-time. Imagine buying Somali govt bonds and the state collapses or a new regime deciding to give bond holders a haircut.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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wukan wrote:You know at the age of 50-60 you can sell one of the houses and buy bonds to live off the interest in retirement. I'm sure healthcare costs would be really be expensive. In Africa due to inflation real estate still remains king. Africa is too risky for bonds politicians can mess up big-time. Imagine buying Somali govt bonds and the state collapses or a new regime deciding to give bond holders a haircut. Mimi niko hapa ....so you understand . But you cannot start learning how to deal with bonds/bills at this age. Therefore you must start early. Invest in a family house to stay in, rest enjoy life my fren. Even the Michukis have estate administration dispute, of all the people. Let your kids build their own investment - provide them with good education, formation and moral standing. But let them chart their own course/destiny. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: New-farer Joined: 5/7/2010 Posts: 38 Location: Nairobi
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wukan wrote:You know at the age of 50-60 you can sell one of the houses and buy bonds to live off the interest in retirement. I'm sure healthcare costs would be really be expensive. In Africa due to inflation real estate still remains king. Africa is too risky for bonds politicians can mess up big-time. Imagine buying Somali govt bonds and the state collapses or a new regime deciding to give bond holders a haircut. There's no need to live in fear about political turmoil. If anything, the first people who would suffer loss of investments are those who who own real estates and other businesses. As somebody said earlier, live now and let the others take care of themselves. For children, give them quality education environment, they'll enjoy making their own money. Trust in God and endure patiently.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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ibsi wrote:wukan wrote:You know at the age of 50-60 you can sell one of the houses and buy bonds to live off the interest in retirement. I'm sure healthcare costs would be really be expensive. In Africa due to inflation real estate still remains king. Africa is too risky for bonds politicians can mess up big-time. Imagine buying Somali govt bonds and the state collapses or a new regime deciding to give bond holders a haircut. There's no need to live in fear about political turmoil. If anything, the first people who would suffer loss of investments are those who who own real estates and other businesses. As somebody said earlier, live now and let the others take care of themselves. For children, give them quality education environment, they'll enjoy making their own money. That fear of political turmoil, that government won't make the revenues to repay is what all adds up to the yield. Those fears is the 12% interest rate. If things are so upbeat then bonds should yield you 7.5% over 20 years.
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