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Best asset to own with 20k cash
S.Mutaga III
#1 Posted : Sunday, August 26, 2012 9:32:34 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Hallo wazuans.I am a young adult i.e 20 yrs old and have about 20k that I want to invest in an asset.I have traded in stocks for one year and got burned by the bear market last year due to lack of knowledge and experience.I would appreciate if anyone advised me on an income generating asset within the above budget(20k)...and not a laptop.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Mastermind
#2 Posted : Sunday, August 26, 2012 10:11:32 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Stocks. I think you were just impatient.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
Kaka M
#3 Posted : Monday, August 27, 2012 2:38:29 PM
Rank: Member

Joined: 4/18/2011
Posts: 459
In your position I would buy a heifer an indigenous one and possibly a goat and a sheep then take them to the village where I would have them raised with other family livestock.
I have seen Wazuans in the past advice others to keep on doing what they did to get the cash until the amount is able to do a specific project.
If you can get at least a Thousand or more monthly, deposit that money into a Sacco and contribute 1k minimum every month, it will earn you minimal dividends yearly but later on you will borrow and start a project etc.

Choose a Sacco where you can get people to guarantee u.
sitaki.kujulikana
#4 Posted : Monday, August 27, 2012 3:13:04 PM
Rank: Veteran

Joined: 8/25/2012
Posts: 1,826
Invest in a mkokoteni, then hire it out
savant
#5 Posted : Monday, August 27, 2012 4:37:15 PM
Rank: Member

Joined: 4/1/2008
Posts: 104
Location: Nairobi
Step 1 - The Asset
Buy a quality, high resolution camera

Step 2 - The Skill
i) Read up
ii) Learn from those who have gone before you,
iii) Practice taking photos; this also includes digitally tweaking them (there are a number of free user-friendly software available e.g. picasa)

Step 3 - The Money (otherwise known as income)
Go online and send an email to every local website/on-line store (within your area). Product photography is a sorely needed service! Check out http://www.rubibags.com/ to get a feel of what's needed.

Step 4 - Enjoy
the fruits of your labour!


Généralement, les gens qui savant peu parlent becoup, et les gens qui savant beaucoup parlent peu.
- Rousseau.
richdad
#6 Posted : Monday, August 27, 2012 9:54:29 PM
Rank: Member

Joined: 2/12/2010
Posts: 474
Location: Nairobi
Get an extra certificate. CCNA exam costs 20k.
Keep it simple
Sufficiently Philanga....thropic
#7 Posted : Monday, August 27, 2012 10:49:29 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Invest in your profession. That is the greatest investment you can ever give yourself,particularly at your age. Then with the money from your profession,either salary or consultancy fees,then you can think of stocks,bonds & real estate. And even then,work with professionals & always learn from them!
@SufficientlyP
tinker
#8 Posted : Tuesday, August 28, 2012 9:22:29 AM
Rank: Member

Joined: 11/15/2010
Posts: 455
Location: Nairobi
I second Philanga...thropic and Richdad.
At your age (20yrs) consider taking your skills to the other level.

It is good to consider where you are vs where you want to be in in future (in terms of social status and education level)

add an extra certificate into your CV. CCNA/A++ (Basically computer Networking), MCSE, CPA/KATC, such like things.

If you may not be interested in the education then you can consider joining a Sacco.
....He who began a good work in you will carry it on to completion..
S.Mutaga III
#9 Posted : Tuesday, August 28, 2012 9:38:52 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
I am currently persuing my degree at the university and simultanously doing CPA.Adding another course at this time is overworking myself.My parents are able to educate me and so I have only one option not to waste the money on girls,Invest it in an asset.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Sufficiently Philanga....thropic
#10 Posted : Tuesday, August 28, 2012 11:37:49 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@Mutaga,i see we are in the same profession. Lookin back to the time i was your age,i would have achieved much more had i been a little bit more patient.I know it's tough when you invest in the stock market & it goes into a bear rather than a bull.Just to encourage you,last year was my worst year in stocks in the sense that i made some bad decisions on Transcentury & Britak & eventually had to sell at a loss. Why did i lose?I was simply greedy.The stocks were already overvalued compared to their peers at the time of their debut.Lesson learnt.Don't chase stocks,chase value.A bit of technical & fundamental analysis ie PE & PB ratios helps. I became wise & instead of running away from the stock market(what we call selling fear,i decided to rather buy fear.So i got into KCB at 14.75 in Oct when inflation was almost 20% & interest rates at 25%. Its fundamentals were lookin great & so were the charts(technical analysis).That decision paid off big time.
So i encourage you to learn from your mistakes,face them & then make much wiser decisions.
Even people like me who have traded stocks for years(and have a background in Finance) still lost some cash. But that was then,we are coming off a high interest & inflation environment plus the elections in March next year(hopefully) should sort out the political risk!
In the game of stocks,patience,once you have made informed decisions really pays. Learn to sell greed & buy fear & you'll always be ahead of the crowd. At your age,i really envy you,you truly have a bright future should you stay focused!Take time to study the stock market,its history,where we are headed in terms of futures,commodity markets & REITS. Also study other markets in Africa eg JSE,Europe,Asia & North America! This will help you know where we are going at the NSE.
Happy investing!
@SufficientlyP
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