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T-bill advise
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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kyt wrote:winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs...  That's normal; in 2011 i waited for 4 weeks! , t_bills moved from 19 to 13 % during the waiting period  at least I will ride the next wave... This one is painfully passing by as I watch For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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winmak wrote:kyt wrote:winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs... That's normal; in 2011 i waited for 4 weeks! , t_bills moved from 19 to 13 % during the waiting period at least I will ride the next wave... This one is painfully passing by as I watch I tell you again, finally, walk into your bank NOW and demand status! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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Impunity wrote:gatoho wrote:Impunity wrote:gatoho wrote:jerry wrote:I have been requested ,via phone, to buy a banker's cheque for 85,159/=. Given that I had applied for 100k T-Bill ( 364day ), what is the interest rate now? I got the same. 21.2% You are lucky yo got in while its still above 20%, this thing will plummet within the next couple of weeks. And KES. 100,000 is not an amount worth investing investing in T-Bills/or Bonds. Thats meager, a Million shillings should be the minimum if you ask me. You would have done better buying a few bags of maize huko Uasin Gishu and holding till Njaaanuary and make a kill...double your 100K. What I'd you do a 100 weekly? Ilikuja na dhow during powered by monsoon winds! Autocorrect. Meant what if you do 100k weekly. The 100k ain't as kids go as you want to make i Foresight..
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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gatoho wrote:Impunity wrote:gatoho wrote:Impunity wrote:gatoho wrote:jerry wrote:I have been requested ,via phone, to buy a banker's cheque for 85,159/=. Given that I had applied for 100k T-Bill ( 364day ), what is the interest rate now? I got the same. 21.2% You are lucky yo got in while its still above 20%, this thing will plummet within the next couple of weeks. And KES. 100,000 is not an amount worth investing investing in T-Bills/or Bonds. Thats meager, a Million shillings should be the minimum if you ask me. You would have done better buying a few bags of maize huko Uasin Gishu and holding till Njaaanuary and make a kill...double your 100K. What I'd you do a 100 weekly? Ilikuja na dhow during powered by monsoon winds! Autocorrect. Meant what if you do 100k weekly. The 100k ain't as kids go as you want to make it Grrrr kidogo not kids!! 100k not kidogo especially if from business proceeds Foresight..
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Rank: Member Joined: 8/17/2007 Posts: 294
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As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first..
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!!Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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Impunity wrote:[quote=instinct]As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. True, What next has the government mopped up all the money they wanted? Bonds? You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Impunity wrote:instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!! Sound advice @instinct
KQ ABP 4.26
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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obiero wrote:Impunity wrote:instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!! Sound advice @instinct For those who are indebted, only! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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@Winmak am looking for you... possunt quia posse videntur
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