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A million shilings:Help!!

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maina20		#21 Posted : Friday, November 23, 2012 3:51:25 PM
Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi		Mucene wrote: @Miser, Now that in the meantime you don't have any investment ideas and in consideration of the fact that the rates are focused to drop further, you should probably look at what the bank is also telling you, that you have 24,318.06 shillings per month that you can save. Put the cash in a savings account until you have some use for it. You will earn yourself some interest and will probably need less than the one million for your invesment I guess a sacco will be the better option - high earnings in divided and low interest on loans..... ..desire to succeed is always fighting with fear of failure..
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PKoli		#22 Posted : Friday, November 23, 2012 4:23:10 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		Mucene wrote: @Miser, Now that in the meantime you don't have any investment ideas and in consideration of the fact that the rates are focused to drop further, you should probably look at what the bank is also telling you, that you have 24,318.06 shillings per month that you can save. Put the cash in a savings account until you have some use for it. You will earn yourself some interest and will probably need less than the one million for your invesment Interesting logic. I never thought of it this way, but this is a fact.
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Pesa Nane		#23 Posted : Saturday, November 24, 2012 2:14:24 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		miser wrote: Dear Wazuans, My bank tells me I qualify for a million shillings loan to pay in six years at 16% p.a and no grace period!My loan calculator tells me that is a cool 24,318.06 shillings per month! Now the million dollar..ooh shillings is, where do I invest this money to cover for the interest and realize also some profit. Any practical ideas? Pretty Easy. Pick your loan at 16% and loan it over at 50% to @kenyacareers. Easy Profit, sweat-free and not a finger moved. Kenyancareers wrote: I need ksh.500,000 to expand a business, payable in two years with 50% interest, that is ksh.250,000. The interest is payable after the agreed upon two years. 3months grace period. contact me: kenyancareers@gmail.com Serious investors ONLY. They say if the deal is too good think twice, if you are not a risk taker ad urge you to think a hundred times, For those who know the value of rare opportunities, keep in touch, first come first served basis. Pesa Nane plans to be shilingi when he grows up.
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StatMeister		#24 Posted : Saturday, November 24, 2012 10:57:17 AM
Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos		A bad day fishing is better than a good day at work
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King G		#25 Posted : Saturday, November 24, 2012 2:37:07 PM
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo		Pesa Nane wrote: miser wrote: Dear Wazuans, My bank tells me I qualify for a million shillings loan to pay in six years at 16% p.a and no grace period!My loan calculator tells me that is a cool 24,318.06 shillings per month! Now the million dollar..ooh shillings is, where do I invest this money to cover for the interest and realize also some profit. Any practical ideas? Pretty Easy. Pick your loan at 16% and loan it over at 50% to @kenyacareers. Easy Profit, sweat-free and not a finger moved. Kenyancareers wrote: I need ksh.500,000 to expand a business, payable in two years with 50% interest, that is ksh.250,000. The interest is payable after the agreed upon two years. 3months grace period. contact me: kenyancareers@gmail.com Serious investors ONLY. They say if the deal is too good think twice, if you are not a risk taker ad urge you to think a hundred times, For those who know the value of rare opportunities, keep in touch, first come first served basis. That would be the best way to lose money while still repaying it as loan Thieves
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S.Mutaga III		#26 Posted : Saturday, November 24, 2012 3:16:48 PM
Rank: Member Joined: 3/26/2012 Posts: 830		This is a perfect case of putting the curt before the horse...ideas come first and then the capital later.If you didnt have an idea before,dont take the loan until you get one...remember that a loan is a banks way of making money!! 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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Pesa Nane		#27 Posted : Saturday, November 24, 2012 5:08:25 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		S.Mutaga III wrote: This is a perfect case of putting the curt before the horse...ideas come first and then the capital later.If you didnt have an idea before,dont take the loan until you get one...remember that a loan is a banks way of making money!! Could that be cart? Pesa Nane plans to be shilingi when he grows up.
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S.Mutaga III		#28 Posted : Saturday, November 24, 2012 6:05:43 PM
Rank: Member Joined: 3/26/2012 Posts: 830		Pesa Nane wrote: S.Mutaga III wrote: This is a perfect case of putting the curt before the horse...ideas come first and then the capital later.If you didnt have an idea before,dont take the loan until you get one...remember that a loan is a banks way of making money!! Could that be cart? Cart it is...thanks for the correction mate 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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Gatheuzi		#29 Posted : Saturday, November 24, 2012 9:26:31 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Loans can kill or make. I have a chap who was earning a net of 79K in 2011. He had a loan of 650K where he was repaying about Kes23K per month. He then moved to greener pastures and the net moved to 107K. The guy saw the opportunity to grow the loan and he was offered 1M (of course this was like 350 top-up). The repayment now went to 33K. That was in Aug 2011. Then in Jan this year, the bank reviewed the rates in response to movement in CBK rates to 19%. This means the monthly repayment went up to 43K. In the meantime the guy had acquired a plot of 1.5M. That was good investment of course but lets analyse this further... Since inflation had in 2011 pushed up the costs of most of the basic things, the net after loans was not just 64K and the guy was hardly able to cope with his loan repayment and other house needs. Currently he is surviving on top-up loans and hardly able to save or do anything progressive. @ Miser; banks are not the best financing option but if must just be ready for an adjustment of rates to like 30%. This means you have to keep a buffer just in case. INVESTMENT IDEAS: 1) Land Speculation. 2) Stocks. 3) Taxis 4) Matatus 5) Mini-Supermarkets 6) Loaning money as a shylock 7) Etc Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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miser		#30 Posted : Monday, December 03, 2012 9:09:39 AM
Rank: Member Joined: 7/7/2008 Posts: 124		S.Mutaga III wrote: This is a perfect case of putting the curt before the horse...ideas come first and then the capital later.If you didnt have an idea... Why the sermon?Just give the ideas,hayo mengine ninayafahamu!
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miser		#31 Posted : Monday, December 03, 2012 9:15:45 AM
Rank: Member Joined: 7/7/2008 Posts: 124		Pesa Nane wrote: Pretty Easy. Pick your loan at 16% and loan it over at 50% to @kenyacareers. Easy Profit, sweat-free and not a finger moved. [/quote] 'Gullible' is not my second name...but U could be in cahoots with that career thingy which is more of a pyramid scheme!
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Pesa Nane		#32 Posted : Monday, December 03, 2012 5:58:33 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		miser wrote: 'Gullible' is not my second name...but U could be in cahoots with that career thingy which is more of a pyramid scheme! miser wrote: Why the sermon?Just give the ideas,hayo mengine ninayafahamu! I see double standards, do you?! You wanted an idea, and voila... Pesa Nane plans to be shilingi when he grows up.
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