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with 1.5 milli bony chest
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs.
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Ngong wrote:Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs. @Ngong, Kindly what is the return rate from the Stanchart account? If I bought a plot for 1M now, it will certainly fetch more than 1.1M afta a year, that is more than 10% 'profit'. Can the returns from the acc exceed 10%? Your plan were my initial thoughts, but again am looking at buying a plot for a home at 1M, and thinking it wont be such a good place esp in Nai. I am also thinking I would rather rent and start an income generating project, than buy a plot for a home which I may not move in say in the next 5 years, plus the place may be very far yet I will have pushed in quite a bit. Your thoughts please "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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tnai9 wrote:Ngong wrote:Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs. @Ngong, Kindly what is the return rate from the Stanchart account? If I bought a plot for 1M now, it will certainly fetch more than 1.1M afta a year, that is more than 10% 'profit'. Can the returns from the acc exceed 10%? Your plan were my initial thoughts, but again am looking at buying a plot for a home at 1M, and thinking it wont be such a good place esp in Nai. I am also thinking I would rather rent and start an income generating project, than buy a plot for a home which I may not move in say in the next 5 years, plus the place may be very far yet I will have pushed in quite a bit. Your thoughts please We have Faulu at 12% but taking a loan to invest in a fixed deposit?
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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kitale, could be a better option
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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mawinder wrote:tnai9 wrote:Ngong wrote:Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs. @Ngong, Kindly what is the return rate from the Stanchart account? If I bought a plot for 1M now, it will certainly fetch more than 1.1M afta a year, that is more than 10% 'profit'. Can the returns from the acc exceed 10%? Your plan were my initial thoughts, but again am looking at buying a plot for a home at 1M, and thinking it wont be such a good place esp in Nai. I am also thinking I would rather rent and start an income generating project, than buy a plot for a home which I may not move in say in the next 5 years, plus the place may be very far yet I will have pushed in quite a bit. Your thoughts please We have Faulu at 12% but taking a loan to invest in a fixed deposit? That is my point exactly, the profit from the fixed acc will possibly be equal to the interest paid on the loan. Even at 12%-my sacco did 11% this year-, the returns out of 1M is 120K which,is still less compared to the value land can appreciate with, in the same year. "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Jamani wrote:kitale, could be a better option Jamani would you kindly explain, bearing in mind my other views about value gain on land vs profits from alternative investments. What I didnt recal was If I make 300K in Kitale, that is actually turnover. The profit would be like 150K. "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Where in Kitale are you buying?
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Look it this way:
Buy the plot 1 Million today after one year 1.1M but can you sell the plot immediately and take opportunity of another deal or investment-selling a plot is not easy.
Two,1M purchase,200K fence how long will it take you to get about 1.5M to construct.
Third plots,cars,nice suits,beautiful ladies are not bought by first loan but generation from a profitable venture.
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Jamani wrote:Where in Kitale are you buying? On your way to cherangany "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Ngong wrote:Look it this way:
Buy the plot 1 Million today after one year 1.1M but can you sell the plot immediately and take opportunity of another deal or investment-selling a plot is not easy.
Two,1M purchase,200K fence how long will it take you to get about 1.5M to construct.
Third plots,cars,nice suits,beautiful ladies are not bought by first loan but generation from a profitable venture. What is the average time it takes? I guess is depends on location and price. More concerns about the kitale plan is on price of the produce/weather. I know I have to choose something regardless of the risks, but would like to make the 'best' move "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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