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Safaricom Investment Cooperative
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YoungMulla
#41 Posted : Monday, June 25, 2012 2:38:55 PM
Rank: Member


Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
Just heard about SIC today, am definately going to dig more on it.
Before I die - i will touch the sky!!
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King G
#42 Posted : Wednesday, June 27, 2012 4:38:56 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
This is a good investment idea
Thieves
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BGL
#43 Posted : Wednesday, June 27, 2012 10:51:00 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
YoungMulla wrote:
Just heard about SIC today, am definately going to dig more on it.


You are welcome to join SIC.
I can see the numbers are increasing here at Wazua.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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mchawi
#44 Posted : Sunday, July 08, 2012 5:29:59 PM
Rank: New-farer


Joined: 4/4/2011
Posts: 94
Location: Nairobi
Been a SIC member for the last two years and I can't complain!
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BGL
#45 Posted : Sunday, July 08, 2012 5:53:35 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
This is the most efficient organization that i have been part of. Efficient in terms of responding to queries and updating statements upon receipt of funds.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Impunity
#46 Posted : Monday, July 09, 2012 11:32:41 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
60K will would have earned me how much dividend as at the end of the previous year?
And if I decide to pull out today, what is the procedure and will I get all my money invested as per that date?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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King G
#47 Posted : Tuesday, July 10, 2012 2:07:05 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Impunity wrote:
60K will would have earned me how much dividend as at the end of the previous year?
And if I decide to pull out today, what is the procedure and will I get all my money invested as per that date?
d'oh!


Mzee wacha kasheshe mob na leta pesa SIC. We are looking for more guys for expansion
Thieves
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bird_man
#48 Posted : Tuesday, July 10, 2012 4:45:59 PM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
42%p.a return just sounds fishy especially when you dont pay it out in cash form.Those are methods employed by Saccos/Companies with liquidity issues hoping to impress would be investors.You have 1M in your savings & earn 420k in dividends of which you will only receive 100k in cash.....really?
Formally employed people often live their employers' dream & forget about their own.
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Impunity
#49 Posted : Wednesday, July 11, 2012 9:27:11 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
bird_man wrote:
42%p.a return just sounds fishy especially when you dont pay it out in cash form.Those are methods employed by Saccos/Companies with liquidity issues hoping to impress would be investors.You have 1M in your savings & earn 420k in dividends of which you will only receive 100k in cash.....really?


Where do they take the other 320K?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Blackberry
#50 Posted : Wednesday, July 11, 2012 10:29:19 AM
Rank: Member


Joined: 11/9/2007
Posts: 420
Location: Nairobi
Impunity wrote:
bird_man wrote:
42%p.a return just sounds fishy especially when you dont pay it out in cash form.Those are methods employed by Saccos/Companies with liquidity issues hoping to impress would be investors.You have 1M in your savings & earn 420k in dividends of which you will only receive 100k in cash.....really?


Where do they take the other 320K?
d'oh!


plowed back of course

Opinion is free, truth is sacred.
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bird_man
#51 Posted : Wednesday, July 11, 2012 11:42:18 AM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Plough back the 320K dividend by force?It simply means they have liquidity issues & don't wanna make cash payouts.

They should just say dividend is 10% & kill all those fancy 42% dividend stories.Bonus shares has never been equal/similar to dividend.It is misleading to declare that dividend was 42%.
Formally employed people often live their employers' dream & forget about their own.
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Impunity
#52 Posted : Wednesday, July 11, 2012 1:00:25 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
bird_man wrote:
Plough back the 320K dividend by force?It simply means they have liquidity issues & don't wanna make cash payouts.

They should just say dividend is 10% & kill all those fancy 42% dividend stories.Bonus shares has never been equal/similar to dividend.It is misleading to declare that dividend was 42%.


Nditto!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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maka
#53 Posted : Wednesday, July 11, 2012 1:37:04 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
...I concur with birdman on this.Something else crossed my mind aren't they limited as to how much capital they can successfully employ before returns diminish,some sort of capacity constraint and as more investment money comes in the opportunities to profit from their investment idea progressively becomes exhausted.What happens next when this point is reached you can only finitely buy huge parcels of land and sub divide...
possunt quia posse videntur
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Mukiri
#54 Posted : Wednesday, July 11, 2012 3:20:52 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
I'm a mono.. Day 1 in school. However, I'm proud of myselfsmile All eager trying to map my destiny.

I have with me my early retirement package n' this looks attractive with little risk. Ama? Being the cautious fellow that I am, where do I sign up?


Proverbs 19:21
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patrazi
#55 Posted : Wednesday, July 18, 2012 8:08:40 PM
Rank: New-farer


Joined: 7/18/2012
Posts: 76
Hi. I joined SIC in June this year. I contribute thro M-PESA bill no. 163163.
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mchawi
#56 Posted : Wednesday, July 18, 2012 9:54:32 PM
Rank: New-farer


Joined: 4/4/2011
Posts: 94
Location: Nairobi
patrazi wrote:
Hi. I joined SIC in June this year. I contribute thro M-PESA bill no. 163163.


Patrazi? What does that mean? Welcome to Wazua!
You made the right choice in joining SIC.
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patrazi
#57 Posted : Wednesday, July 18, 2012 10:34:54 PM
Rank: New-farer


Joined: 7/18/2012
Posts: 76
It means I took posts on the forum seriously. I heard of SIC here and liked SIC's investment model.
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patrazi
#58 Posted : Thursday, July 26, 2012 8:40:24 PM
Rank: New-farer


Joined: 7/18/2012
Posts: 76
mchawi wrote:
Been a SIC member for the last two years and I can't complain!

What's your take on SIC plots offered at SALAMA.
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hobbit
#59 Posted : Tuesday, August 14, 2012 8:34:34 AM
Rank: New-farer


Joined: 5/25/2011
Posts: 88
QW25091985 wrote:
next we are going to hear . Kencel INVESTMENT COOPERATIVE
or Nokia 1100 INVESTMENT COOPERATIVE . or even Mulika mwizi INVESTMENT COOPERATIVE or ODM INVESTMENT COOPERATIVE (just to attract the luo folks) . aiigh . the creativeness in this cooperatives is just amazing



When will Saccos learn to come up with creative names. i like UNAITAS sacco. these guys has shown them the way to go.
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jamplu
#60 Posted : Tuesday, August 14, 2012 8:51:57 AM
Rank: Veteran


Joined: 3/25/2010
Posts: 939
Location: Nai
patrazi wrote:
mchawi wrote:
Been a SIC member for the last two years and I can't complain!

What's your take on SIC plots offered at SALAMA.



thats not salama its past ULU and they are overpriced!
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