Wazito! What’s your take on Fixed Deposit accounts and return rates?
Don’t do it unless you have a lot of cash, eka kwa money market. What are your projected returns?
Ua naona zinachezea 6.5% for Coop Bank, Though niliambiwa depending on the sum, you can negotiate a better rate.
Kama si mirrions mob sana, maybe you can consider money market. CIC sai ni 8.7%. The good thing is that you can withdraw your money within 48 hours.
I still insist, nunua treasury bonds
Wait for the infrastructure bond to be floated, its done every now n then if you read the newspaper, its got amazing returns (ranges8-10%), its secure, long term, guaranteed by the govt of the day, what else? Oh it is TAX FREE. Please notice the capital letters. nunua za 1m in Kenya, nunua za any other country that got similar monetary policy (to British/Kenya Like) Okay buy za UK, talk to Standard Chartered.
Alafu with the bond/bills you can take a loan against it and build your rental units, unakula pande zote.
Standard and chartered ni 9.6
9.6 is worthwhile.
Fanya Kama venye umeambiwa hapo juu nunua bonds, hio pesa yenye utapeleka fixed deposit bank hua inachukua inanunua nayo Bonds .Halafu inakulipa hio interest kutoka kwa hio profit ya bonds.
Fixed deposit accounts are a “scam”. Zilikuwa zinawork kitambo tuseme pre-2008, time inflation wasn’t at todays levels. Saa hii ata bank wakikupea 6.5% na real inflation ni double digits you’re basically losing money.
We’re at the very peak of an economic cycle, most global markets are highly overpriced. Institution grade Investment options are basically offering negative real returns because the current real inflation levels are through the roof. Wachana na gava inakuambia ati we’re at 5.56% inflation na your cooking oil rose 100% na petrol almost 70% year over year.
Sasa juu ya hii ufala inaendelea, the safest bet for your money would be an inflation hedge like Gold, Silver na pia kama unaeza jifanyia research uelewe wassup Crypto pia itakuokoa. I’ve been in crypto for a few years now, zero regrets. Bright future ahead especially to those who hold “banker coins”.
treasury bonds and bills have better rates
Money Market returns ni negligible sana Mkubwa.
Wazi kwa heads up Sheikh. Lakini si zinakuwanga za long term maturity only?
Serious money ndio gani? 2 Milli makes the cut?
Crypto Zii. I’m for conventional and conservative ways of compounding money.
I second this perspective. It would be ideal to invest in something that gives you a hedge against inflation. If you have the time to do proper research, look at DeFi options like Anchor Protocol (this has been consistently giving about 19 percent APY on a USD-pegged stable coin). You can also buy gold (very easy to do using platforms such as Binance ). These are low-risk options – if you have more appetite for risk you can buy “blue-chip” cryptos such as BTC, Ethereum, Luna, Avax, and Near.
ukitaka pesa yako utauza tu time yyote
2m is not serious money to self negotiate, talk about 10m+, hata sikuhizi 10m bado hutabembelezwa sana, talk from 50m+
A man has to start somewhere. It’s still money