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Amana Capital
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Just seen something floating on Facebook and wondered why it has not been discussed here on Wazua...but I guess here is the reason....  Apparently the money that stays with them the least time makes more money...mmmmmhhhh..... "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 1/20/2015 Posts: 489 Location: Nairobi
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murchr wrote:Just seen something floating on Facebook and wondered why it has not been discussed here on Wazua...but I guess here is the reason.... Apparently the money that stays with them the least time makes more money...mmmmmhhhh..... Personally, i have not tried them. However, sometime back i researched about them and they had very many positive reviews. Shorter durations offer high returns because of certainity unlike longer durations like 6 months where anything can happen happen along the way. Even with I $ M, shorter periods attract higher returns. Enjoy every moment of your life, you never know when your time will come.
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Rank: Member Joined: 12/21/2009 Posts: 602
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Wait.. Are you saying I could have earned 27.08% (minus the 2.25% fee) for a 90 day unit trust with the growth fund? Why do I find that hard to believe in the current environment? Do they have a prospectus that says which Kenyan counters constitute their portfolio? murchr wrote:Just seen something floating on Facebook and wondered why it has not been discussed here on Wazua...but I guess here is the reason.... Apparently the money that stays with them the least time makes more money...mmmmmhhhh.....
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Who are the owners/directors? Coz they're going to be billionaires just like the VIP Portal guys.
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Rank: Hello Joined: 11/14/2014 Posts: 3 Location: Nairobi
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The returns stated are correct. What they do is, their Balanced and Growth Fund are locked for 3 years. So in a one month period, your investment would have yielded 60% interest (this will depend on how the stocks they invest in perform) same goes for 3 months back, 6 months back , 12 months back . Tricky thing is , you cannot withdraw before 3 years, so you couldnt have gotten in then get out in 3 months  . As for their Directors check here http://amanacapital.co.k...ages/board_of_directors and Amana has been there since long ago, only that guys dont know them!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Victorianjagi wrote:The returns stated are correct. What they do is, their Balanced and Growth Fund are locked for 3 years. So in a one month period, your investment would have yielded 60% interest (this will depend on how the stocks they invest in perform) same goes for 3 months back, 6 months back , 12 months back . Tricky thing is , you cannot withdraw before 3 years, so you couldnt have gotten in then get out in 3 months . As for their Directors check here http://amanacapital.co.k...ages/board_of_directors and Amana has been there since long ago, only that guys dont know them! Say that AGAIN Victoria Njagi "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Victorianjagi wrote:The returns stated are correct. What they do is, their Balanced and Growth Fund are locked for 3 years. So in a one month period, your investment would have yielded 60% interest (this will depend on how the stocks they invest in perform) same goes for 3 months back, 6 months back , 12 months back . Tricky thing is , you cannot withdraw before 3 years, so you couldnt have gotten in then get out in 3 months . As for their Directors check here http://amanacapital.co.k...ages/board_of_directors and Amana has been there since long ago, only that guys dont know them! But this gains would be subject to WHT at redemption?
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Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu
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I don't know about other funds but Amana Shilling Fund is the best in the market. High interest rates ,timely updates and so easy to redeem. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Member Joined: 12/21/2009 Posts: 602
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Victoria: If this is the case, why does the Amana website state that the minimum investment period is 91 days for both the balanced and growth fund? And where does it say that you cannot access the money before 3 years Victorianjagi wrote:The returns stated are correct. What they do is, their Balanced and Growth Fund are locked for 3 years. So in a one month period, your investment would have yielded 60% interest (this will depend on how the stocks they invest in perform) same goes for 3 months back, 6 months back , 12 months back . Tricky thing is , you cannot withdraw before 3 years, so you couldnt have gotten in then get out in 3 months . As for their Directors check here http://amanacapital.co.k...ages/board_of_directors and Amana has been there since long ago, only that guys dont know them!
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Rank: Member Joined: 12/21/2009 Posts: 602
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Plus a 2.5% management fee per year, irrespective of what the market does. Given the yearly yields they currently have posted for the balanced fund (7.28%) and the growth fund (8.80%) One might be better off with a renewing 91 day treasury note...unless I am missing something. Chaka wrote:
But this gains would be subject to WHT at redemption?
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