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I want to be rich (for life) by age 30,willing to invest 200k a month consistently but where to?
kadonye
#51 Posted : Saturday, January 08, 2011 8:06:15 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
@vj, the rates are annual,right?
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
Vj
#52 Posted : Saturday, January 08, 2011 8:13:41 PM
Rank: New-farer

Joined: 9/6/2010
Posts: 97
Location: nairobi, kenya
@kadonye, yes they are annual, 8% a month from a CBK registered bank is not realistic.
Before you can be be old and wise, you must first be young and stupid.
kadonye
#53 Posted : Saturday, January 08, 2011 8:43:24 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
Vj wrote:
@kadonye, yes they are annual, 8% a month from a CBK registered bank is not realistic.
i agree.but someone on this thread tried to convince us so.You wonder how such a bank would make profits
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
manuPK
#54 Posted : Sunday, January 09, 2011 10:40:19 PM
Rank: New-farer

Joined: 2/16/2010
Posts: 92
Location: Nairobi
IT'd wrote:
Anyways,I've taken alot from this thread so hopefully next year I'll punguza the ballin and start putting the money into better use(I dunno,there is a swahili sayin that goes maskini akipata matako hulia mbwata and I guess that was probably it,I was just excited)


IT'd, So I know it's only the first weekend of the year that's just passed but had to find out how the new year's resolution turned out, in terms of your above sentiments?
Entrepreneurship is a cognitive bias. They can’t teach it to you.
Stealth
#55 Posted : Monday, January 10, 2011 8:52:07 AM
Rank: Member

Joined: 5/3/2010
Posts: 145
Location: East Africa
IT'd wrote:
Anyways,I've taken alot from this thread so hopefully next year I'll punguza the ballin and start putting the money into better use(I dunno,there is a swahili sayin that goes maskini akipata matako hulia mbwata and I guess that was probably it,I was just excited)


Pray
Make hay while the sun shines. Start putting the money into better use now.
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