Went to Equity bank the other day. My business partner went abroad and didn't have time to change the partnership. He died later and his son has all the documents (except power of attorney) to prove he passed on and he should take his fathers place in the partnership.
Equity says we cannot revive the partnership current account. To get the money in the account, we must get consent from our PC or DC where he would accept to be issued with a cheque in his name and the money later given by him to us.
The cash at bank is 3.6million. Should I go ahead to seek the DCs consent letter or the PCs? Who is better among the two and can I trust them not to ask for kitu kidogo?
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.