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Faulu Kenya now beats T-Bills for fixed deposits
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Pesa Nane wrote:Impunity wrote:Please explain how the current Tbills beat Faulu hands down, please illustrate with figures as I did above.  T-Bill 1895 the weighted price of Ksh.100 is 88.777 meaning a discount of Ksh. 11.223 per every 100 bob. Mr. Faulu = 1,000,000 Mr Tbill (1895) = 1,000,000 Investing options: Mr. Faulu: 1,000,000 at 12% in Faulu Mr. T-bill: 887,770 in T-bill and 112,230 at 12% in Faulu (Remember 112,230 is the upfront discount) After 1 Year: Mr. Faulu 1,000,000 + 12% interest = 1,120,000 Mr. Tbill 1,000,000 yield + (112,230 + 12% interest) = 1,125,697.60 Difference = 5,697.60  The difference is pesa nane for real!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Impunity wrote:Pesa Nane wrote:Impunity wrote:Please explain how the current Tbills beat Faulu hands down, please illustrate with figures as I did above. T-Bill 1895 the weighted price of Ksh.100 is 88.777 meaning a discount of Ksh. 11.223 per every 100 bob. Mr. Faulu = 1,000,000 Mr Tbill (1895) = 1,000,000 Investing options: Mr. Faulu: 1,000,000 at 12% in Faulu Mr. T-bill: 887,770 in T-bill and 112,230 at 12% in Faulu (Remember 112,230 is the upfront discount) After 1 Year: Mr. Faulu 1,000,000 + 12% interest = 1,120,000 Mr. Tbill 1,000,000 yield + (112,230 + 12% interest) = 1,125,697.60 Difference = 5,697.60 The difference is pesa nane for real!!! Nice settlement.  But take that in multiples and well...... Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Faulu gives you that % interest if invested amount is 1,000,000 and above
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Pesa Nane wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Yes.Faulu FDR is 13% if you negotiate well.Just walk into Faulu with 5m cash and tell them they either give you a rate of 13% or you go away with the money.I know a friend who was given a rate of 13% by Faulu early this year.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ngong wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature! Japwa???So you even shrub while typing? OK. By the way the sms inqury to 0708000111 is charged at normal provider rate so u can even sms freely on yu! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Impunity wrote:Ngong wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature! Japwa???So you even shrub while typing? OK. By the way the sms inqury to 0708000111 is charged at normal provider rate so u can even sms freely on yu! Utoto nayo! kweri haina dawa.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ngong wrote:Impunity wrote:Ngong wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature! Japwa???So you even shrub while typing? OK. By the way the sms inqury to 0708000111 is charged at normal provider rate so u can even sms freely on yu! Utoto nayo! kweri haina dawa. Keep your cool dear wazuans.  Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 6/7/2010 Posts: 52 Location: mumu humu
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If I invest 100K in T
-Bills what will I cash out on day 365 if it's not a weekend?
You try some of these silly teacher's sacco and put in the same 100k come September and see if in January 2014 you won't find 11K in your bank account as dividend. Do the math for a mil or 10.
Thing is, they will never shut down as they're monthly taking in by check-off members contributions and loan repayments from TSC.. . And if there's one thing that teachers have more than any other category of employees anywhere else in the country, the continent and probably the planet, it's job security. This keeps the saccos no less secure and ever more liquid, and as the govt invariably hires more teachers their reserves get replenished, monthly. These saccos give said teachers several loans one atop another,have embraced m-banking and gone fully commercial--they're 'members' banks masquerading as saccos, only they're way way cheaper with their loans. Best part is you don't have to be a teacher--just a member with shares in the name of 'a deposit'.
My next mil is going right into one of them, late in the year, to be chucked out plus interest early the next year. The particular sacco shall remain unnamed, for now.
Do your research.
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Rank: New-farer Joined: 7/9/2010 Posts: 39
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wazo wrote:If I invest 100K in T
-Bills what will I cash out on day 365 if it's not a weekend?
You try some of these silly teacher's sacco and put in the same 100k come September and see if in January 2014 you won't find 11K in your bank account as dividend. Do the math for a mil or 10.
Thing is, they will never shut down as they're monthly taking in by check-off members contributions and loan repayments from TSC.. . And if there's one thing that teachers have more than any other category of employees anywhere else in the country, the continent and probably the planet, it's job security. This keeps the saccos no less secure and ever more liquid, and as the govt invariably hires more teachers their reserves get replenished, monthly. These saccos give said teachers several loans one atop another,have embraced m-banking and gone fully commercial--they're 'members' banks masquerading as saccos, only they're way way cheaper with their loans. Best part is you don't have to be a teacher--just a member with shares in the name of 'a deposit'.
My next mil is going right into one of them, late in the year, to be chucked out plus interest early the next year. The particular sacco shall remain unnamed, for now.
Do your research. true dat. i know one which declared dividend of 16%
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Rank: Member Joined: 1/24/2013 Posts: 325
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mawinder wrote:Pesa Nane wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Yes.Faulu FDR is 13% if you negotiate well.Just walk into Faulu with 5m cash and tell them they either give you a rate of 13% or you go away with the money.I know a friend who was given a rate of 13% by Faulu early this year. What if you walk in with a milli and ask for the same? Mawinder nimekumiss...
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Rank: Member Joined: 1/24/2013 Posts: 325
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Banker wrote:Ladies and gentlemen, I beg to be allowed to put this matter to rest. I had thought the problem was one of semantics but i have since realized its not. My earlier post would appear to support the theory that T-bill holders earn their discount upfront. That was INCORRECT and indeed very embarrassing.
The principal amount on which CBK pays the interest, or discount if you may, is the net figure that the investor gives to CBK and not the full amount payable on maturity. E.g. for 100K, the amount being invested is the 90K, and CBK will calculate the interest on the 90K not 100K.
ION : I am supposed to log in to Wazua through g-mail but i have realized that option is not available on the log-in screen on my I-pad. Is there something am not doing right ? I can only log-in to wazua on the laptop. Any assistance will be highly appreciated. So banker, should we put our chums at Faulu or buy T-bills? Conclude this...
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Rank: Member Joined: 1/24/2013 Posts: 325
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wazo wrote:If I invest 100K in T
-Bills what will I cash out on day 365 if it's not a weekend?
You try some of these silly teacher's sacco and put in the same 100k come September and see if in January 2014 you won't find 11K in your bank account as dividend. Do the math for a mil or 10.
Thing is, they will never shut down as they're monthly taking in by check-off members contributions and loan repayments from TSC.. . And if there's one thing that teachers have more than any other category of employees anywhere else in the country, the continent and probably the planet, it's job security. This keeps the saccos no less secure and ever more liquid, and as the govt invariably hires more teachers their reserves get replenished, monthly. These saccos give said teachers several loans one atop another,have embraced m-banking and gone fully commercial--they're 'members' banks masquerading as saccos, only they're way way cheaper with their loans. Best part is you don't have to be a teacher--just a member with shares in the name of 'a deposit'.
My next mil is going right into one of them, late in the year, to be chucked out plus interest early the next year. The particular sacco shall remain unnamed, for now.
Do your research. We wazo tupe full info wacha kuficha. Name of Sacco pls?
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Rank: Member Joined: 1/24/2013 Posts: 325
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ChumsQuest wrote:wazo wrote:If I invest 100K in T
-Bills what will I cash out on day 365 if it's not a weekend?
You try some of these silly teacher's sacco and put in the same 100k come September and see if in January 2014 you won't find 11K in your bank account as dividend. Do the math for a mil or 10.
Thing is, they will never shut down as they're monthly taking in by check-off members contributions and loan repayments from TSC.. . And if there's one thing that teachers have more than any other category of employees anywhere else in the country, the continent and probably the planet, it's job security. This keeps the saccos no less secure and ever more liquid, and as the govt invariably hires more teachers their reserves get replenished, monthly. These saccos give said teachers several loans one atop another,have embraced m-banking and gone fully commercial--they're 'members' banks masquerading as saccos, only they're way way cheaper with their loans. Best part is you don't have to be a teacher--just a member with shares in the name of 'a deposit'.
My next mil is going right into one of them, late in the year, to be chucked out plus interest early the next year. The particular sacco shall remain unnamed, for now.
Do your research. We wazo tupe full info wacha kuficha. Name of Sacco pls? That's a kshs 330,000/yr interest. Donno if I should believe that or insist you give me the details? 33%? When a deal is too good? Kwanzaare these sacco's FDIC insured am mtu ataend up kuokota makaratasi?
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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ChumsQuest wrote:mawinder wrote:Pesa Nane wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Yes.Faulu FDR is 13% if you negotiate well.Just walk into Faulu with 5m cash and tell them they either give you a rate of 13% or you go away with the money.I know a friend who was given a rate of 13% by Faulu early this year. What if you walk in with a milli and ask for the same? Mawinder nimekumiss... I may not know as those returns are minimal and I consider it lazy to invest in Tbills,bonds,fixed deposits etc as the returns are meagre.Anything below 75% p.a I don't touch but if I must then I must consult Moses Muregi and John Thagana.
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Rank: Member Joined: 1/24/2013 Posts: 325
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ChumsQuest wrote:ChumsQuest wrote:wazo wrote:If I invest 100K in T
-Bills what will I cash out on day 365 if it's not a weekend?
You try some of these silly teacher's sacco and put in the same 100k come September and see if in January 2014 you won't find 11K in your bank account as dividend. Do the math for a mil or 10.
Thing is, they will never shut down as they're monthly taking in by check-off members contributions and loan repayments from TSC.. . And if there's one thing that teachers have more than any other category of employees anywhere else in the country, the continent and probably the planet, it's job security. This keeps the saccos no less secure and ever more liquid, and as the govt invariably hires more teachers their reserves get replenished, monthly. These saccos give said teachers several loans one atop another,have embraced m-banking and gone fully commercial--they're 'members' banks masquerading as saccos, only they're way way cheaper with their loans. Best part is you don't have to be a teacher--just a member with shares in the name of 'a deposit'.
My next mil is going right into one of them, late in the year, to be chucked out plus interest early the next year. The particular sacco shall remain unnamed, for now.
Do your research. We wazo tupe full info wacha kuficha. Name of Sacco pls? That's a kshs 330,000/yr interest. Donno if I should believe that or insist you give me the details? 33%? When a deal is too good? Kwanzaare these sacco's FDIC insured am mtu ataend up kuokota makaratasi? BTW, my calculation is for a milli....
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Rank: Member Joined: 1/24/2013 Posts: 325
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mawinder wrote:ChumsQuest wrote:mawinder wrote:Pesa Nane wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Yes.Faulu FDR is 13% if you negotiate well.Just walk into Faulu with 5m cash and tell them they either give you a rate of 13% or you go away with the money.I know a friend who was given a rate of 13% by Faulu early this year. What if you walk in with a milli and ask for the same? Mawinder nimekumiss... I may not know as those returns are minimal and I consider it lazy to invest in Tbills,bonds,fixed deposits etc as the returns are meagre.Anything below 75% p.a I don't touch but if I must then I must consult Moses Muregi and John Thagana. What??? Mawinder, ati anything below 75% p.a. u don't touch? What am I doing wrong am you are trading? I need to be schooled...
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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ChumsQuest wrote:mawinder wrote:ChumsQuest wrote:mawinder wrote:Pesa Nane wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Yes.Faulu FDR is 13% if you negotiate well.Just walk into Faulu with 5m cash and tell them they either give you a rate of 13% or you go away with the money.I know a friend who was given a rate of 13% by Faulu early this year. What if you walk in with a milli and ask for the same? Mawinder nimekumiss... I may not know as those returns are minimal and I consider it lazy to invest in Tbills,bonds,fixed deposits etc as the returns are meagre.Anything below 75% p.a I don't touch but if I must then I must consult Moses Muregi and John Thagana. What??? Mawinder, ati anything below 75% p.a. u don't touch? What am I doing wrong am you are trading? I need to be schooled... Even a prudent shopkeeper makes 100% per annum.
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