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Best Way To Save for Real Estate?
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S.Mutaga III
#1 Posted : Sunday, June 29, 2014 7:14:01 PM
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Joined: 3/26/2012
Posts: 830
A friend desperately needs to venture into real estate. He has around 50k each month as extra cash he can invest. Which is the best path to follow in order to get his first real estate investment at least within a year. A financial adviser suggested he save for 6 months and use the 300k to buy a plot near a county headquarter because he cant get land in Nai...and then invests in batches of 300k to construct the building. He does not want a loan. Is there any other wazuan with a better idea? He highly values the financial advisor's opinion but he seeks more ideas from the wazua republic. Help a mwananchi
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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holycow
#2 Posted : Sunday, June 29, 2014 8:30:03 PM
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T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.
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Gordon Gekko
#3 Posted : Sunday, June 29, 2014 8:34:55 PM
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Joined: 5/27/2008
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holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

Unit trusts (money market, not equity or balanced) do better than t-bills, and offer more flexibility.
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mnandii
#4 Posted : Monday, June 30, 2014 7:05:01 AM
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Joined: 10/11/2006
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holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

I agree.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#5 Posted : Monday, June 30, 2014 7:07:36 AM
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Joined: 10/11/2006
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Gordon Gekko wrote:
holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

Unit trusts (money market, not equity or balanced) do better than t-bills, and offer more flexibility.

Money market is a package that wholly invests in T-Bills and Bonds, no?
Which is better, you go directly to the money market (T-Bills and Bonds) or you go through an intermediary (money market fund)?
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#6 Posted : Monday, June 30, 2014 7:09:19 AM
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Joined: 10/11/2006
Posts: 2,304
holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

And the interest rates on the bills are already rising ( >11% ) and counting.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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icecube
#7 Posted : Wednesday, July 02, 2014 1:25:38 AM
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Joined: 1/2/2008
Posts: 268
Location: Nairobi
Gordon Gekko wrote:
holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

Unit trusts (money market, not equity or balanced) do better than t-bills, and offer more flexibility.


Is interest paid monthly on unit trusts?
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lochaes
#8 Posted : Wednesday, July 02, 2014 8:26:34 AM
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Joined: 6/30/2014
Posts: 86
Location: nairobi
icecube wrote:
Gordon Gekko wrote:
holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

Unit trusts (money market, not equity or balanced) do better than t-bills, and offer more flexibility.


Is interest paid monthly on unit trusts?


ooh yes
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icecube
#9 Posted : Thursday, July 03, 2014 5:23:19 PM
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Joined: 1/2/2008
Posts: 268
Location: Nairobi
lochaes wrote:
icecube wrote:
Gordon Gekko wrote:
holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

Unit trusts (money market, not equity or balanced) do better than t-bills, and offer more flexibility.


Is interest paid monthly on unit trusts?


ooh yes

And can I withdraw my money at will? At what cost?
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Mucene
#10 Posted : Thursday, July 03, 2014 6:55:01 PM
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Joined: 8/4/2012
Posts: 155
Location: Kenya
icecube wrote:
lochaes wrote:
icecube wrote:
Gordon Gekko wrote:
holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

Unit trusts (money market, not equity or balanced) do better than t-bills, and offer more flexibility.


Is interest paid monthly on unit trusts?


ooh yes

And can I withdraw my money at will? At what cost?


Yes, usually takes 4-7 business days. cost vary mainly from zero to about 5000/=
If you don't want to go to plan B have a good plan A.
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icecube
#11 Posted : Saturday, July 05, 2014 2:47:51 PM
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Joined: 1/2/2008
Posts: 268
Location: Nairobi
Mucene wrote:
icecube wrote:
lochaes wrote:
icecube wrote:
Gordon Gekko wrote:
holycow wrote:
T-bills will do the trick, let him/her invest 100k every 2 months. I'd advise against stocks.

Unit trusts (money market, not equity or balanced) do better than t-bills, and offer more flexibility.


Is interest paid monthly on unit trusts?


ooh yes

And can I withdraw my money at will? At what cost?


Yes, usually takes 4-7 business days. cost vary mainly from zero to about 5000/=


Thanks for this information, I have some 50K and I want to invest in unit trusts..
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