Wazua
»
SME
»
Ideas
»
Investment/Business Ideas.Capital 700k
Rank: New-farer Joined: 9/4/2012 Posts: 16
|
Hello Wazuans,
Obviously I'm a newbie, I came in here looking for business or investment ideas and from what I've read so far this a good place to start.
So I've saved up 700k over the years, and I need ideas on what I can do with it. Most Wazuans seem to reccommend Stocks and Unit Trusts/Bonds etc, thing is I'm a total newbie on this things. So if anyone can tell me just where to start...
I've worked so hard to save this amount and I'd hate to lose it due to lack of knowledge.
Any help please?
PS.I'm in full time employment and love my job so I'd like something that I can do on the side.
Thanks in advance y'all. I know this type of question has been asked 2367971 times on this forum alone but kindly help me too.
|
|
|
Rank: Member Joined: 2/12/2010 Posts: 474 Location: Nairobi
|
Your contacts please....  Keep it simple
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Vall...I dont know if there will be someone who will give you the best answer because, 1. the best investment is one which you understand and 2. you find very enjoyable doing. Another thing, make sure you diversify, there is a wise old expression that says dont put all your eggs in one basket so if it was ME.. i would have a mix of land, stocks etc "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
|
Put the money in land and forget about it for about 3 years. You dont need to keep looking behibd your back every day. the only thing you have to ensure is that the process of buying the land is full proof - use of genuine lawyers Thieves
|
|
|
Rank: New-farer Joined: 9/4/2012 Posts: 16
|
Thanks murchr and King G. The land idea is a good one, I wanna look into that.
Richdad; SMH. Lol
|
|
|
Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
|
how old are you?
what stage in life are you,
you seem to love your job very much, why not invest in advancing your professional skills and put the rest of the cash in a retirement benefit program.
|
|
|
Rank: New-farer Joined: 9/4/2012 Posts: 16
|
nakujua wrote:how old are you?
what stage in life are you,
you seem to love your job very much, why not invest in advancing your professional skills and put the rest of the cash in a retirement benefit program. Im in my mid 20's. First job, unmarried etc I'm already in school and my salary can handle that. Retirement benefit? But I want something that will generate revenue bana...I hear you though
|
|
|
Rank: Member Joined: 4/18/2011 Posts: 459
|
investopedia.com will teach you several things about investing in shares etc.
I would add abit of cash onto that and buy a canter to transport farm produce and other goods between various destination.( After assessing logistics and research.)
I would put that money in a Sacco then keep on contributing for 6 months and make sure I maintain a healthy bank account.
After 6 months I would borrow from the Sacco to buy an apartment with the apartment as collateral and rent it out to help me repay the sacco, a healthy bank account will be required as proof of capability of repayment.
Finally my colleague gave me an idea recently of buying plots with every penny I can spare. With time I would then sell off some of the plots after they have appreciated in value and use the money to develop others.
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
King G wrote:Put the money in land and forget about it for about 3 years. You dont need to keep looking behibd your back every day. the only thing you have to ensure is that the process of buying the land is full proof - use of genuine lawyers And dont forget the potential squatters if you buy & forget for 3 years! I recommend you throw your money in the cheapest and largest blue chip shares eg KCB and forget for 3 years.. The management will protect & grow your cash for you! In 3 years you would have made a killing just from dividends!! Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: New-farer Joined: 9/4/2012 Posts: 16
|
Now you guys are talking!
|
|
|
Rank: New-farer Joined: 11/3/2011 Posts: 35
|
Invest your money wisely in a real estate.Buy a plot in juja farm and eventually you are going to sell it and make a profit.For more details email:danielluke75@yahoo.com
|
|
|
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
|
sonko2 wrote:Invest your money wisely in a real estate.Buy a plot in juja farm and eventually you are going to sell it and make a profit.For more details email:danielluke75@yahoo.com Hapo sasa ogopa! Thieves
|
|
|
Rank: New-farer Joined: 9/4/2012 Posts: 16
|
King G wrote:sonko2 wrote:Invest your money wisely in a real estate.Buy a plot in juja farm and eventually you are going to sell it and make a profit.For more details email:danielluke75@yahoo.com Hapo sasa ogopa! I know right??? *Shudders*
|
|
|
Rank: Member Joined: 4/16/2008 Posts: 157
|
Mine is a very workable option.
Not just limited to you but for anyone interested to in it.
It's always nice when opportunity meets preparedness.
I've a perfect business suggestion for you, drop me a line at jsaitoti(dot)gmail(dot)com
It'll gurantee good returns on your investment.
Your seach stops here.
|
|
|
Rank: Member Joined: 5/22/2009 Posts: 206
|
@ Vall: Would you like to invest in KPLC's prepaid meter installation and power line construction at 25% p.a. ROI?
|
|
|
Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
|
TNT wrote:@ Vall: Would you like to invest in KPLC's prepaid meter installation and power line construction at 25% p.a. ROI? TNT bado hujapata mteja.mwanaume ni effort kweli punda amecheka
|
|
|
Rank: Member Joined: 5/22/2009 Posts: 206
|
@ newfarer: You really need to learn how to put things into perspective. For instance, this thread is about someone looking for investment ideas, so the appropriate response to the thread would be....? (Feel free to chime!)
In spite of that, let me humor you and feed your ego and hopefully give your pride a little boost - which from your statement, I can tell you need so bad:
I'm looking to raise the KES. 2M from a number of investors as opposed to one investor. That seems to be the logical thing to do, well until I gain investors' confidence anyway.
Now, to answer your question, despite the many leads I got on my post, not one of them has yet offered what matters the most: cold, hard cash.
Does that vindicate you, even a little bit?
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
TNT wrote:@ newfarer: You really need to learn how to put things into perspective. For instance, this thread is about someone looking for investment ideas, so the appropriate response to the thread would be....? (Feel free to chime!)
In spite of that, let me humor you and feed your ego and hopefully give your pride a little boost - which from your statement, I can tell you need so bad:
I'm looking to raise the KES. 2M from a number of investors as opposed to one investor. That seems to be the logical thing to do, well until I gain investors' confidence anyway.
Now, to answer your question, despite the many leads I got on my post, not one of them has yet offered what matters the most: cold, hard cash.
Does that vindicate you, even a little bit? @TNT how about coming up with an information memorandum but in a simplified version then you can send out to enquirers. Investors like looking at raw hard figures on how you have performed over the years, your projected growth your business model and the management before even doing due diligence and looking at your books
|
|
|
Rank: Member Joined: 5/22/2009 Posts: 206
|
mkonomtupu wrote:TNT wrote:@ newfarer: You really need to learn how to put things into perspective. For instance, this thread is about someone looking for investment ideas, so the appropriate response to the thread would be....? (Feel free to chime!)
In spite of that, let me humor you and feed your ego and hopefully give your pride a little boost - which from your statement, I can tell you need so bad:
I'm looking to raise the KES. 2M from a number of investors as opposed to one investor. That seems to be the logical thing to do, well until I gain investors' confidence anyway.
Now, to answer your question, despite the many leads I got on my post, not one of them has yet offered what matters the most: cold, hard cash.
Does that vindicate you, even a little bit? @TNT how about coming up with an information memorandum but in a simplified version then you can send out to enquirers. Investors like looking at raw hard figures on how you have performed over the years, your projected growth your business model and the management before even doing due diligence and looking at your books @ mkonomtupu: I've said time and again that that information is readily available to willing and able investors. Such investors only need to come to my office to look at it.
|
|
|
Wazua
»
SME
»
Ideas
»
Investment/Business Ideas.Capital 700k
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|