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Best asset to own with 20k cash
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samsa
#11 Posted : Tuesday, August 28, 2012 11:53:13 AM
Rank: Member

Joined: 5/7/2009
Posts: 155
S.Mutaga III wrote:
I am currently persuing my degree at the university and simultanously doing CPA.Adding another course at this time is overworking myself.My parents are able to educate me and so I have only one option not to waste the money on girls,Invest it in an asset.


I am very impressed with you.

With Kshs 20k, you may not have an asset that you can feel proud to own. An asset you need to look for is an asset that appreciates in value or does not depreciate to an extent you will not use it when you are done with your studies. Currently, 20k may not give you that asset. However, you can invest that money in a savings account and you will see it grow. Since you mention you are a CPA student, visit mhasibu offices and you will be glad to join and keep your savings there for sometime until you are able to buy an asset worthy of your attention. Increase your savings regularly by topping it up whenever you have more savings. Develop this culture of saving and you will never regret in life.
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specky
#12 Posted : Tuesday, August 28, 2012 3:56:14 PM
Rank: Member

Joined: 4/28/2011
Posts: 213
S.Mutaga III wrote:
I am currently persuing my degree at the university and simultanously doing CPA.Adding another course at this time is overworking myself.My parents are able to educate me and so I have only one option not to waste the money on girls,Invest it in an asset.


Applause Applause Applause
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maka
#13 Posted : Thursday, August 30, 2012 1:27:34 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Whwn I was 20 and had 20k I would have drowned it all down and pee the end result,the advice given here is awesome if your interested in the market start studying it now,take not of events as they usually tend to repeat themselves...It would be better to grow the 20k rather than dumping it into one asset from the proceeds you can now start re investing...
possunt quia posse videntur
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Museveni
#14 Posted : Friday, August 31, 2012 12:28:33 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
Sufficiently Philanga....thropic wrote:
@Mutaga,....
In the game of stocks,patience,once you have made informed decisions really pays. Learn to sell greed & buy fear & you'll always be ahead of the crowd. At your age,i really envy you,you truly have a bright future should you stay focused!Take time to study the stock market,its history,where we are headed in terms of futures,commodity markets & REITS. Also study other markets in Africa eg JSE,Europe,Asia & North America! This will help you know where we are going at the NSE.
Happy investing!




Sufficiently Philanga....thropic

Mastermind

What stocks would you advice @Mutaga anunue right now . . ?

Assuming he will be trading not investing for the 'long haul'
S.Mutaga III wrote:
...I would appreciate if anyone advised me on an income generating asset within the above budget(20k)....
so as to 'sharpen his stock market skills and overcome his fear from previous year's losses
Live and learn; and don’t forget, nothing ventured, nothing gained.
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seeker*
#15 Posted : Friday, August 31, 2012 1:22:19 PM
Rank: Member

Joined: 9/11/2009
Posts: 132
Location: nairobi
What of faulu kenya's fixed deposit account,they accept as little as 5k offering 13% interest rate on deposits? visit their site

faulu kenya site link

wazua faulu post link


all the best in your endeavors

Applause Applause Applause Applause
Don't fight a battle if you gain nothing by winning.” Erwin Rommel
When I was a child, I spoke like a child, thought like a child, and reasoned like a child. When I became an adult, I no longer used childish ways.
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  | | Edit by user: Friday, August 31, 2012 1:30 PM | Reason: Not specified
S.Mutaga III
#16 Posted : Saturday, September 01, 2012 7:07:15 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
@Sufficiently...despite having a bad year in stocks and being very green,I also didnt miss the KCB bus...although I got it at 15.10...I havent sold a single share to date....I have decided to get back to stocks and I bought Sasini at 11.15...am waiting for another counter for diversification.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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seniorchief
#17 Posted : Monday, September 03, 2012 9:22:36 AM
Rank: Hello

Joined: 7/11/2012
Posts: 4
savant wrote:
Step 1 - The Asset
Buy a quality, high resolution camera

Step 2 - The Skill
i) Read up
ii) Learn from those who have gone before you,
iii) Practice taking photos; this also includes digitally tweaking them (there are a number of free user-friendly software available e.g. picasa)

Step 3 - The Money (otherwise known as income)
Go online and send an email to every local website/on-line store (within your area). Product photography is a sorely needed service! Check out http://www.rubibags.com/ to get a feel of what's needed.

Step 4 - Enjoy the fruits of your labour!



nice advice
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Sufficiently Philanga....thropic
#18 Posted : Monday, September 03, 2012 4:45:47 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
S.Mutaga III wrote:
@Sufficiently...despite having a bad year in stocks and being very green,I also didnt miss the KCB bus...although I got it at 15.10...I havent sold a single share to date....I have decided to get back to stocks and I bought Sasini at 11.15...am waiting for another counter for diversification.

That's the spirit!
@SufficientlyP
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Museveni
#19 Posted : Monday, September 03, 2012 4:52:02 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
S.Mutaga III wrote:
@Sufficiently...despite having a bad year in stocks and being very green,I also didnt miss the KCB bus...although I got it at 15.10...I havent sold a single share to date....I have decided to get back to stocks and I bought Sasini at 11.15...am waiting for another counter for diversification.



S.Mutaga III I see you already in the Bus na ninakuulizia fare . .

Angalia ushushwe stage!

Happy hunting
Live and learn; and don’t forget, nothing ventured, nothing gained.
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Chaka
#20 Posted : Monday, September 03, 2012 8:48:17 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
seeker* wrote:
What of faulu kenya's fixed deposit account,they accept as little as 5k offering 13% interest rate on deposits? visit their site

faulu kenya site link

wazua faulu post link


all the best in your endeavors

Applause Applause Applause Applause



@seeker,
Are these guys for real?I talked to them and they told me the minimum period is 3 months..so will the give me back the principal plus interest after the three months promptly i.e nil delay?
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