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Where can I invest sh250,000?
jonminah
#1 Posted : Tuesday, July 14, 2009 10:18:00 AM
Rank: Member


Joined: 7/14/2009
Posts: 19
Hi SK pals,

I av 250k that have saved from my previous and current jobs. To be very sincere,I am 21years old and with no slight idea of what to invest on (I don't like forex)! Pliz someone advice me on what I can do with the money coz its just idle in the bank!

I was also thinking of joining a Sacco,which are the best ones?

Thanks!

Progress is a slow process
wa P
#2 Posted : Tuesday, July 14, 2009 12:15:00 PM
Rank: Member


Joined: 5/26/2009
Posts: 326
Location: Nairobi
Congratulations. 250k is a tidy sum if properly invested.

Go into retail. From the outset,may i inform you that I play in the retail industry,so you can discount my enthusiasm.

If you buy an assortment of fmcg (fast moving consumer goods) on wholesale and then retail with 3% average markup,holding everything constant,your portfolio will be 257,500 on the first wave. Buy more stocks worth 257.5k at 3%....by the time you are on the 4th stock cycle,you shall have made 12% profit on your investment. That can be achieved within a month or two depending on choice of stocks and location.

Of course its not all that linear,but if you partner with an existing retail outlet,your contribution towards management of business (overheads) is small,your investment will not loose value,you are shielded from inflation,you can avoid tax,and you shall get debt working in your favor (if you buy stocks worth 250k from a wholesaler,you can get credit for another 250k on 30-60 days terms) Imagine the turnaround in 60 days! On average you should make at least 10% per month on invested capital.

If you need to discuss this further,write to liz.wamo@gmail.com

If it looks clean,it keeps your pockets clean. I mean,look at the soil...
jonminah
#3 Posted : Wednesday, July 15, 2009 5:53:00 AM
Rank: Member


Joined: 7/14/2009
Posts: 19
Thanks Liz 4 your advice. However,I dont think of any fmcg (fast moving consumer goods) that I can easily purchase. On the other side,am in a fulltime job meaning that if I consider your option I will have to employ someone.


Progress is a slow process
smano
#4 Posted : Wednesday, July 15, 2009 7:24:00 AM
Rank: Elder


Joined: 12/13/2006
Posts: 2,589
Unit trust a good option,money market fund a good safe haven with better returns than any bank for your amount as you decide the next step. If you have no immediate use for the money,any equity based fund can give you considerably good returns if invested for the long term (recommended 3 yrs +,ideally 5 yrs +),on average conservative 15% p.a for the invested period. Money works for you as you do your work,exit whenever you please as unit trusts are open ended so you're not tied in to any period. Good especially if you're not inclined to trade in the NSE direct due to lack of time for research anconstant monitoring.

Alternatively get youself a plot and wait to for it to appreciate or develop it at a future date

smano
BEER IS LIVING PROOF THAT GOD LOVES US AND WANTS US TO BE HAPPY!
jerry
#5 Posted : Wednesday, July 15, 2009 7:43:00 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@Jonminah..,I think ur signature says it all 'progress is a slow process...'. Buy a plot in a developing area. In a couple of years it will have appreciated to double the amt. Just be sure u do all the necessary checks,take precaution so that u r not cheated in the process of acquiring the plot.

Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season.
The opposite of courage is not cowardice, it's conformity.
Miri
#6 Posted : Wednesday, July 15, 2009 8:26:00 AM
Rank: Member


Joined: 7/15/2009
Posts: 1
Hi,

you can consider buying pieces of plots in areas with prospects of

growth in the future. They will appreciate after some time. However,be carefull

so that you are not conned.
jonminah
#7 Posted : Wednesday, July 15, 2009 9:34:00 AM
Rank: Member


Joined: 7/14/2009
Posts: 19
Am not very conversant with unit trusts,however,I do think that investment in land for future sale is much better although there is a greater risk of being conned! Which are the best places to get a nice piece of land ranging on that amount of money?

Progress is a slow process
moshthepitt
#8 Posted : Wednesday, July 15, 2009 6:29:00 PM
Rank: Member


Joined: 5/23/2009
Posts: 35
As I said elsewhere on a similar SK thread,why to try an online thing? You won't need the whole of that 250k to start with. And the margins are better than most places. Though you have to work really hard...

But you can start with 10k,or 50k....and get amazing results. Think about it.

www.likechapaa.com
Bobb
#9 Posted : Thursday, July 16, 2009 8:09:00 AM
Rank: Member


Joined: 9/25/2008
Posts: 52
@MOSH

What is this on-line thing? Kindly give us an idea. I feel interested.


BOBB
moshthepitt
#10 Posted : Thursday, July 16, 2009 8:19:00 PM
Rank: Member


Joined: 5/23/2009
Posts: 35
@ Bobb

I mean try to make some chapaa online.

Kindly have a look at these two threads:

http://stockskenya.com/n...?stk=1004&top=15747
http://stockskenya.com/n...?stk=1004&top=16131

Also have a look at www.likechapaa.com Sometimes its interesting

www.likechapaa.com
extrablessed
#11 Posted : Friday, July 17, 2009 6:13:00 AM
Rank: Member


Joined: 7/28/2007
Posts: 290
Location: Nairobi
young man,go to Syokimao or Kitengela and buy a peace of land and then forget about it. By the time you are 30,you will thank yourself for having made a very wise decision! By then,there will be no land available in Nairobi and sorrounding areas...except the national park.

Life is worth living cos God planned it to be so.
jonminah
#12 Posted : Friday, July 17, 2009 11:26:00 AM
Rank: Member


Joined: 7/14/2009
Posts: 19
I have seen a friend of mine try the online forex thing and I cant risk my cash on that field! The 'buying plot' venture is far better. So,do I have to go through the plot selling agents or does any1 know the best persons to go for?
Pliz update me!

Progress is a slow process
myfundi
#13 Posted : Monday, July 20, 2009 10:35:00 AM
Rank: Member


Joined: 7/18/2009
Posts: 21
Buy a piece of land worth that amount irrespective of it's size.
Wanjy
#14 Posted : Tuesday, July 21, 2009 11:48:00 AM
Rank: Member


Joined: 2/16/2009
Posts: 26
Pal!

You've got to be extra care full when purchasing a piece of land,I think you should consider develope of the area.......like how fast,security wise,the kind of soil - you might be required to have a bore hole with the current situation with water.... i think that should also be part of consideration......... you might think of farming before you decide what to do or hire the place to someone for farming so fatility of the soil should be looked at ........... ama!!!!


S.Wanjy
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