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Investments that compound interest in Kenya
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tony stark
#21 Posted : Wednesday, July 24, 2019 11:55:52 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
Extrapreneur wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


@wkari; Hi, I'm currently testing a forex trading strategy aimed at making low but consistent gains with emphasis on leveraging on compounding gains. If you are interested in following my progress, check out the daily updated stats at http://penwise.webs.com/...apreneur-trading-secret
that is, if international forex trade cuts it as 'an investment in Kenya' smile
PS: Right click image and open in new tab/window


Well this website doesn't exist anymore. Clearly a statistic of companies that don't survive the 5 year mark!

I hope no one invested here!
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chiaroscuro
#22 Posted : Wednesday, July 24, 2019 2:51:16 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills
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maka
#23 Posted : Sunday, July 28, 2019 9:33:43 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
chiaroscuro wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills


Entry, Exit, Management fees? Tax?
possunt quia posse videntur
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chiaroscuro
#24 Posted : Monday, July 29, 2019 9:46:15 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
maka wrote:
chiaroscuro wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills


Entry, Exit, Management fees? Tax?


Most will accept 5k to start. Some even 2k.

Withdrawal is on demand. Just allow 3 days for EFT to be effected - most transfer funds to your bank account in a matter of hours!

You can withdraw as much as you wish... some have minimum balances of about 2k - 5k. Some don't - I have one with 900bob!

I don't know people keep glorifying T-Bills and Fixed deposits. Money Market Unit Trust Funds have been out-performing them every month for the last five years!

Oh, and BTW, you don't have to go to them to open the account; you just call them to your office and they come running with all the forms!
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chiaroscuro
#25 Posted : Monday, July 29, 2019 9:54:24 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
maka wrote:
chiaroscuro wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills


Entry, Exit, Management fees? Tax?


Management fees are minimal: 2% pa .. and it is collected monthly (0.17%), up-front. So, the earnings you see in your statement are NET of fees.

Withholding tax is 15% of earnings. Also collected upfront [just like in the case of FXD & T-Bills]. Thus what you see in your monthly statement is the net - yote ni pesa yako!

The well-managed funds are earning around 9% monthly after tax and fees. Compounded is about 9.4%

The only thing better is M-Akiba.....if only CBK can do better publicity!
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chiaroscuro
#26 Posted : Monday, July 29, 2019 9:59:58 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
maka wrote:
chiaroscuro wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills


Entry, Exit, Management fees? Tax?



MMFs in Kenya:

1. Affrican Alliance
2. Old Mutual
3. Britam
4. Stanlib
5. CIC
6. Co-Op Bank
7. Zimele
8. Amana Capital
9. Alpha AFrica
10. Madison
11. CBA [KES & USD]
12. ICEA
13. Sanlam
14. Cyton
15. Apollo
16. Nabo Africa [KES & USD]
17. Dry Associates [KES & USD]
18. GenCap
19. Equity Bank
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nashx
#27 Posted : Monday, July 29, 2019 10:12:27 AM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
maka wrote:
chiaroscuro wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills


Entry, Exit, Management fees? Tax?


all you need to know about money market funds can be read here>>>https://nashthuo.com/money-market-funds-kenya/
Offering my personal finance knowledge for free
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Swenani
#28 Posted : Monday, July 29, 2019 11:43:15 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
chiaroscuro wrote:
maka wrote:
chiaroscuro wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills


Entry, Exit, Management fees? Tax?


Management fees are minimal: 2% pa .. and it is collected monthly (0.17%), up-front. So, the earnings you see in your statement are NET of fees.

Withholding tax is 15% of earnings. Also collected upfront [just like in the case of FXD & T-Bills]. Thus what you see in your monthly statement is the net - yote ni pesa yako!

The well-managed funds are earning around 9% monthly after tax and fees. Compounded is about 9.4%

The only thing better is M-Akiba.....if only CBK can do better publicity!


What? 9 % per month? So the annualised return is 108%
If Obiero did it, Who Am I?
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Angelica _ann
#29 Posted : Monday, July 29, 2019 11:45:12 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Swenani wrote:
chiaroscuro wrote:
maka wrote:
chiaroscuro wrote:
wkari wrote:
Hi

is anyone aware of any investments that compound interest in Kenya?

Let me know please

Thanks


Money Market Unit Trust Funds....and most have higher rates that the over-glorified T-Bills


Entry, Exit, Management fees? Tax?


Management fees are minimal: 2% pa .. and it is collected monthly (0.17%), up-front. So, the earnings you see in your statement are NET of fees.

Withholding tax is 15% of earnings. Also collected upfront [just like in the case of FXD & T-Bills]. Thus what you see in your monthly statement is the net - yote ni pesa yako!

The well-managed funds are earning around 9% monthly after tax and fees. Compounded is about 9.4%

The only thing better is M-Akiba.....if only CBK can do better publicity!


What? 9 % per month? So the annualised return is 108%


Never ever!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Kenyan Oracle
#30 Posted : Monday, July 29, 2019 12:23:44 PM
Rank: Member

Joined: 5/31/2011
Posts: 262
For CIC it's 9-11%PA
You lose money chasing women, but you never lose women chasing money - NAS
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