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Best asset to own with 20k cash
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p_k_m
#21 Posted : Tuesday, September 04, 2012 8:32:19 AM
Rank: Hello


Joined: 9/4/2012
Posts: 3
Mutaga, If you are still looking for ideas, my proposal is that you find a few other like minded individuals who you can trust and pool together funds to be able to make a significant investment. 20K is an admirable amount to have saved by this point but the truth is that to be able to start a real venture that has potential, you need more capital as well as partners to exchange ideas with.
Until that happens, the best way to hold the money and have it not lose value is to put it into some real-assets such as livestock. A ka-cow will be able to keep giving you milk and maybe even a calf until you are ready to sell and invest in something bigger.
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mBiaLoss
#22 Posted : Tuesday, September 04, 2012 9:29:58 AM
Rank: New-farer


Joined: 6/23/2010
Posts: 52
Location: Majuu
@ Seeker a deposit with an interest of 13% is essentially useless if the rate of inflation in kenya is at 17%. That means each year you loose 4% in purchasing power. You get it! You have to beat inflation in order to consider your return worthy
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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seeker*
#23 Posted : Thursday, September 06, 2012 6:53:19 PM
Rank: Member


Joined: 9/11/2009
Posts: 132
Location: nairobi
mBiaLoss wrote:
@ Seeker a deposit with an interest of 13% is essentially useless if the rate of inflation in kenya is at 17%. That means each year you loose 4% in purchasing power. You get it! You have to beat inflation in order to consider your return worthy


This is another way of looking at this picture,one I had not considered.
thank you for the advice.
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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S.Mutaga III
#24 Posted : Monday, October 15, 2012 7:55:53 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
I bought a cow and it is now in shagz...no regrets whatsoever...Laughing out loudly
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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Mukiri
#25 Posted : Tuesday, October 16, 2012 10:55:17 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
S.Mutaga III wrote:
I bought a cow and it is now in shagz...no regrets whatsoever...Laughing out loudly


Now how to convince the family not to eat it for xmass!

Proverbs 19:21
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Pablo
#26 Posted : Wednesday, October 17, 2012 5:51:43 PM
Rank: Member


Joined: 3/17/2008
Posts: 567
Location: Nairobi
@S.Mutaga III

Good decision.
Ive been investing in stocks for more than 20yrs.
For the amount u had, there is no other better investment than that.
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