at his age and with that amount of cash, he has to tread cautiously. if he has to go into business, should do something that requires no more than 100,000 to start.

@ Mapozi

I visited some place yesterday and saw a wonderful thing and perhaps i could suggest that your uncle tries it out, as part of his plans. i did interview the guys running the set-up and the following is true:


Buy 5 60-egg incubators @ approx 20K = Ksh100k

Eggs (Kienyeji-New breed) 300eggs @ 35=Ksh10,500

Electricity = Ksh7,500

Feeds = Ksh3,400

vaccines = Ksh1,500

Total = ksh122,900

Assuming a hatchability rate of 40/60 eggs, he will have 200 chicks which, if he looks after for just a month could dispose at Ksh300 each, giving him a turnover of Ksh60,000/-

He will just need to do 2 runs ( Ksh120,000 ) therefore to recoup in excess of his initial capital outlay of Ksh100,000

The successive periods of hatching will mean a profit injection into his life, except for the running costs.

Every run as above generates Ksh60,000 turnover, running costs are approx. Ksh23,000, then Ksh37,000 is going to be his approx net income per month (approx.)infinitely. This i guess is going to be more than his employment income, in addition to the fact that he could invest the rest of the monies elsewhere.

GM

Chicken business very good but requires passion and zeal. I have a friend in it and he tells me there are nights when he sleeps with the day olds to literally teach them how to eat. He has to grab each of them, push their beaks into the food and ensure they get the hang of how to eat. Then he has to watch over and separate the strong ones from the weak ones because if he doesn't, the weaklings don't get a chance to get to the food moat and die - remember these things eat all day, so when a tough guy parks infront of the food he camps there. Then there is this one time a certain disease wiped out everything. But the cash is good. He needs several chicken houses so that he has different age groups to ensure a constant income. It is HARD work, he also needs a little pickup (datsun 1200 like) for bringing in the feed, chicks and for supplying the local schools, markets etc. Transport can wipe out profits.

@ JasonHill I suggest that before you commit your money consult widely and remember to read the small print before you sign any documents.
If I was to think about it myself I would ask questions like, if I lived for another 60 or even more years would I still continue enjoying the monthly payment? Do they revise the figure periodically to cover for inflation etc. (If u have certain saving plans with insurances I believe they use the inflation figures to revise the premiums and they also charge a percentage as management fees so I would expect them to pay for inflation if I am the one to receive money.) There r many angles to look at it from.

Genghis Khan and Kaka M, thank you very much for the information.

So do you prefer a pension, or Government bonds? I'm not halfway to retirement, so I don't think that a pension will give me what I want at the moment, and with inflation, I'm not sure it would once I get older.

Best,

Hill

There is surely an underlying lesson to be learned here.

My uncle told me once that retirement handsake money is your last "salary", must be careful with it.

Truth be told; black and white!