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CheckYourSix
#1 Posted : Saturday, January 16, 2016 2:03:56 AM
Rank: New-farer


Joined: 8/26/2015
Posts: 26
Location: Nairobi
Hey Guys,

Other than buying stocks from the securities exchange, how would you invest a monthly sum of 30-40K? e.g. investment funds

I would like something that is credible and does not require any effort at all from me i.e. I just put in some money every month and some years later I have a decent sum

I would primarily like very proven means with less interest rather than very high risk untested stuff like funny investment groups that just came up 2months ago

An example I heard there were some investment options by Jubilee and from Britam where you deposit some cash and then you get it back after a period with more interest than a bank. Anyone who has heard of something like this, could you explain, is it guaranteed?
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ForSport2
#2 Posted : Saturday, January 16, 2016 3:31:02 PM
Rank: New-farer


Joined: 12/9/2015
Posts: 47
Location: +254
Are you a member of any SACCO?

If not, invest the amount in a SACCO for a year, then drop your contribution to the SACCO to the minimum amount allowed monthly. A decent SACCO will give you dividends of abt 10%. It will also allow you to take loans at a lower rate than that offered by banks. Saving for a year will allow you to borrow three times your savings.
After the year, ask this question again.
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CheckYourSix
#3 Posted : Saturday, January 16, 2016 4:11:26 PM
Rank: New-farer


Joined: 8/26/2015
Posts: 26
Location: Nairobi
ForSport2 wrote:
Are you a member of any SACCO?

If not, invest the amount in a SACCO for a year, then drop your contribution to the SACCO to the minimum amount allowed monthly. A decent SACCO will give you dividends of abt 10%. It will also allow you to take loans at a lower rate than that offered by banks. Saving for a year will allow you to borrow three times your savings.
After the year, ask this question again.


Thanks a lot for the advice.

There are saccos cropping up left right and centre. Have you had any personal experience with one of these saccos? Which one would you recommend and why? What are the sample interest rates and what do they normally require as collateral?
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Boris Boyka
#4 Posted : Saturday, January 16, 2016 4:55:28 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
CheckYourSix wrote:
ForSport2 wrote:
Are you a member of any SACCO?

If not, invest the amount in a SACCO for a year, then drop your contribution to the SACCO to the minimum amount allowed monthly. A decent SACCO will give you dividends of abt 10%. It will also allow you to take loans at a lower rate than that offered by banks. Saving for a year will allow you to borrow three times your savings.
After the year, ask this question again.


Thanks a lot for the advice.

There are saccos cropping up left right and centre. Have you had any personal experience with one of these saccos? Which one would you recommend and why? What are the sample interest rates and what do they normally require as collateral?


Read all posts here
http://www.wazua.co.ke/f...spx?g=posts&t=17925
Am sure it'll help.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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ForSport2
#5 Posted : Saturday, January 16, 2016 5:09:20 PM
Rank: New-farer


Joined: 12/9/2015
Posts: 47
Location: +254
I'm with stima SACCO and Stima Investment.
Go through the thread @Boris has suggested then do your research. smile
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Kili
#6 Posted : Sunday, January 17, 2016 6:57:53 PM
Rank: Member


Joined: 12/10/2015
Posts: 103
Some money market funds averaged 18-22% last year,way above sacco dividend payout rates
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enyands
#7 Posted : Sunday, January 17, 2016 8:50:40 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Kili wrote:
Some money market funds averaged 18-22% last year,way above sacco dividend payout rates



Example of such currently??
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TheGeek
#8 Posted : Sunday, January 17, 2016 9:05:04 PM
Rank: Member


Joined: 7/3/2014
Posts: 245
enyands wrote:
Kili wrote:
Some money market funds averaged 18-22% last year,way above sacco dividend payout rates



Example of such currently??

Amana MMF. Panafrica PESa+. For 1M + cytonn and britam cash management have been mentioned here in wazua.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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