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I HAVE A FAIRLY GOOD SALARY- ADVICE ME ON INVESTMENTS OPTIONS
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mashaa
#1 Posted : Wednesday, April 20, 2011 12:08:40 PM
Rank: New-farer

Joined: 2/7/2011
Posts: 20
Location: Uganda
Hello good people,
I have been employed for two years now and i get a fairly good salary .I realize employment is a good way to earn a living but it does not really secure the future. Allow me to share with you an indicative breakdown of my income and expenditure:

Income(net): 170,000 (Salary)

Expenditure:
Rent: 15,000
Family:15,000
Other Expenses: 20,000

I have savings of 400,000 sitting in a bank ( I know that is silly!)
I have being doing some reading on investment options, including stocks, forex, trusts,real estate.....however the info is too much to process quickly. Wazuans please share your vast investment experience with me.
Thanks in advance!
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Genghis Khan
#2 Posted : Wednesday, April 20, 2011 3:51:01 PM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
Your income is 170k with expenses of 50k... its time to buy a house!

I've noticed your location is Uganda but I've assumed you are talking KES not UGX.
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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Chaka
#3 Posted : Wednesday, April 20, 2011 3:57:35 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
@mashaa,
Maybe you should be in the shylocking biz..
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mashaa
#4 Posted : Wednesday, April 20, 2011 4:38:46 PM
Rank: New-farer

Joined: 2/7/2011
Posts: 20
Location: Uganda
@Genghis you are right. I am in Uganda. The income is in KES. Should i buy a house first, or invest elsewhere and then buy one?
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Impunity
#5 Posted : Wednesday, April 20, 2011 4:47:45 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
How old are you?
Put that silly 400K in NSE even with your eyes shut.
Save and but a couple of plots in Kitengela,then come we talk again.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Lolest!
#6 Posted : Wednesday, April 20, 2011 6:07:46 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Fairly good salary? Life must be good in Uganda!
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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For Sport
#7 Posted : Wednesday, April 20, 2011 6:25:59 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Lolest! wrote:
Fairly good salary? Life must be good in Uganda!


Its not how much s/he makes; its how much s/he's retaining - in this case, 120k per month. Imagine that amount per month chanelled into investment..
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Lolest!
#8 Posted : Wednesday, April 20, 2011 6:46:17 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
@for sport, i can only imagine, i can only imagine. 170K net? My tusavings per month can only buy penny stocks!
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Gordon Gekko
#9 Posted : Wednesday, April 20, 2011 7:21:17 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Investment has never been a function of your earnings, but is directly correlated to your discipline.
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sparkly
#10 Posted : Wednesday, April 20, 2011 7:58:57 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mashaa wrote:

I have being doing some reading on investment options, including stocks, forex, trusts,real estate.....however the info is too much to process quickly.


If its too much to process quickly then its not for you.
Life is short. Live passionately.
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