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Any ideas - on how to maximize my returns
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Sabina
#1 Posted : Wednesday, September 22, 2010 10:49:55 AM
Rank: New-farer


Joined: 8/9/2010
Posts: 5
Look at this scenario a pal of mine, has left me some money {2m} to pay his lawyer upon perfection of some docs. This might take 1-2months which means I will be holding this money for that duration. I am tempted to through it in the stock exchange for that duration, which is against my investment policy - Invest Long term.
Any ideas from wazuans.
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My 2 cents
#2 Posted : Wednesday, September 22, 2010 10:54:51 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,070
DO NOT EVEN THINK ABOUT IT!!!!!!!!!!!!!!!!!!!!!!!!!!!
Use the money for the purpose intended by your friend. What kind of friend are you anyway?

If still in doubt, ask your friend what you should do with his money in this two months.
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wasee
#3 Posted : Wednesday, September 22, 2010 10:58:23 AM
Rank: Member


Joined: 2/5/2010
Posts: 273
Location: NBI
weka fixed deposit account.
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My 2 cents
#4 Posted : Wednesday, September 22, 2010 11:02:04 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,070
wasee wrote:
weka fixed deposit account.

I dont believe there is a fixed deposit account for 2 months.

They start from 3 months onwards......

Please good people do not encourage this Sabina person to misuse friends money.
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VituVingiSana
#5 Posted : Wednesday, September 22, 2010 11:05:34 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
Las Vegas Casino in Westlands. Roulette Wheel #3. Don't tell anyone. bet it on #5.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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bird_man
#6 Posted : Wednesday, September 22, 2010 11:11:06 AM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Surely surely!....
Weka hiyo pesa in a fixed depo account and forget about using it.When time comes to use it pay the lawyer then ask your friend what you should do with the interest it will have earned.He might share some of it with you for being a good boy.
Formally employed people often live their employers' dream & forget about their own.
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mukiha
#7 Posted : Wednesday, September 22, 2010 11:20:43 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Invest the money with me; I'll give you 20% per week for 8 weeks and then return the 2m on the 9th week.

Email me for more details info[at]HumanBrainForSale[dot]com
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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se7en
#8 Posted : Wednesday, September 22, 2010 12:08:41 PM
Rank: Member


Joined: 11/27/2006
Posts: 108
put it in one of the higher earning money market accounts, they work great for short term commitements, the one i have gives me 6.5
speak softly and carry a big stick, you will go far... Theodore Roosevelt
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The Merchant
#9 Posted : Wednesday, September 22, 2010 12:14:04 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
Whatever you choose to do let your friend know.
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Stealth
#10 Posted : Wednesday, September 22, 2010 1:19:50 PM
Rank: Member


Joined: 5/3/2010
Posts: 145
Location: East Africa
Be very careful. One mistake and your friendship is gone. Whatever you choose to do make sure your friend knows about it. Make no move without his authority. Be a trustworthy friend.
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FundamentAli
#11 Posted : Wednesday, September 22, 2010 1:31:04 PM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Look for the best paying call deposit by Banks. Choose a reputable bank also.
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Surealligator
#12 Posted : Wednesday, September 22, 2010 2:39:04 PM
Rank: User


Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
@Sabina

Ati unawachiwa 2million by a friend? Why are you measuring my brains?

The last time I left 1 million to someone to hold for a month was my wife. She took 10% of it to her pastor as tithe and the rest were prayed for to make them fruitful. I won't reveal what I did with the pastor and the wife cauze police might add one plus one here and come for me.

I've known only 3 Sabina's in my life. Which one are you?

By the way, you are another one. In any open blog, there is bound to be conmen, criminals etc. Don't go telling everyone here that you have access to such an amount. The last time I remember, a woman at westlands was hypnotised and made to withdraw a million shillings from KCB Kencom.

What you should have done is say you have 200,000. Whatever suggestion you get, multiply it by ten.

my E-mail is Thebigkahuna@yahoo.com

Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Chaka
#13 Posted : Wednesday, September 22, 2010 2:56:11 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
@se7en,
Which money market fund is that?Is the 6.5 per cent net after administration fee and taxes?
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tony stark
#14 Posted : Wednesday, September 22, 2010 3:21:20 PM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
Sabina wrote:
Look at this scenario a pal of mine, has left me some money {2m} to pay his lawyer upon perfection of some docs. This might take 1-2months which means I will be holding this money for that duration. I am tempted to through it in the stock exchange for that duration, which is against my investment policy - Invest Long term.
Any ideas from wazuans.


What is this world coming to. With friends like you that guy can do without enemies.

Do not touch the money. Do not think of touching the money. Go and confirm maybe the lawyer is through with "perfection" and pay him the money.
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se7en
#15 Posted : Wednesday, September 22, 2010 3:26:21 PM
Rank: Member


Joined: 11/27/2006
Posts: 108
Chaka wrote:
@se7en,
Which money market fund is that?Is the 6.5 per cent net after administration fee and taxes?


@chaka, I'm with the ICEA one, the 6.5 is PER ANUM(lest I'm misquoted) but compounds for as long as am in the fund which doesnt bother me much cuz my bank(BBK) hawesmek hio.

yes its after the admin charges but the withholding tax iko hapo ndani which goes upto 1.5%, month of august they chopped off .75% cuz according to them, almost half of the securities are tax freesmile
speak softly and carry a big stick, you will go far... Theodore Roosevelt
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2012
#16 Posted : Wednesday, September 22, 2010 3:34:44 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Buy KPLC or Kengen*. Good results expected in less than a month**.

*At your own risk
**Terms and conditions apply

BBI will solve it :)
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sparkly
#17 Posted : Wednesday, September 22, 2010 5:55:27 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Sabina wrote:
Look at this scenario a pal of mine, has left me some money {2m} to pay his lawyer upon perfection of some docs. This might take 1-2months which means I will be holding this money for that duration. I am tempted to through it in the stock exchange for that duration, which is against my investment policy - Invest Long term.
Any ideas from wazuans.

how can you think of investing your friend's money, for one month. You conman/woman, shindwe
Life is short. Live passionately.
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VituVingiSana
#18 Posted : Wednesday, September 22, 2010 7:24:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
2012 wrote:
Buy KPLC or Kengen*. Good results expected in less than a month**.

*At your own risk
**Terms and conditions apply
You work for Safaricom's Promotions department?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkonomtupu
#19 Posted : Wednesday, September 22, 2010 7:37:06 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
@Sabina seriously you are not thinking about it. if you are waiting for documents to be perfected it means there is some contract awaiting completion where time is of the essence. You don't want to screw up a contract your friend will pay much more than any interest you will get in a month or two or.....
you can go to Mwaniki & sons & cybercafe, they have all the ideas for gambling wako nyuma ya OTC river road-uchunge kanju!!!
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guru267
#20 Posted : Wednesday, September 22, 2010 7:37:20 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
2012 wrote:
Buy KPLC or Kengen*. Good results expected in less than a month**.

*At your own risk
**Terms and conditions apply
You work for Safaricom's Promotions department?

Laughing out loudlyLaughing out loudlyLaughing out loudly
Mark 12:29
Deuteronomy 4:16
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