Where to invest idle cash

[ndume]

@Bingwa Scrotum

if you see anyone offering to pay interest/returns monthly, ruuuuuuuuuuuuuuuuuuuuuuuuuun

any organisation that tries to simplify its name like this empawa, ruuuuuuuuuuuuuuuuuuuuun

anyone with idle cash is stupid and deserves this conning

finally, without much ado, jubilants hii economy iwaume mkoroge mavi na makojoo muiskilie kwa mcoondu

strictly, nothing is idle. People save for security. Some fixed assets are difficult to dispose when need for cash arises

[MISCHIEF]

@Slim_fit

Nunua mbuzi zizaane. Surest bet.

mbuzi ikufe kabla izae, inaeza ibiwa pia ama ipotee

[olemarkus]

Jaribu treasury bills

[chap]

@Slim_fit

Nunua mbuzi zizaane. Surest bet.

na ziki kufa je?

[x-trail]

@olemarkus

Jaribu treasury bills

low returns

[x-trail]

@chap

na ziki kufa je?

si zitachinjwa ukule pale kamakis pesa ikiwa kwa mfuko stop this negativity nugu

[smungai]

@Kennedy Maina

Etoro

ni wewe tu unajua kenye unasema hapa… have you used it?

[chap]

@x-trail

si zitachinjwa ukule pale kamakis pesa ikiwa kwa mfuko stop this negativity nugu

:D:D:D

[sani]

Why should you have idle cash? The only people who should have idle cash to keep in banks and Sacco’s are high net worth individuals.
If you have money…somesha watoto. trade with the money. buy cheap sell dear. rear cattle for sale. Buy dumpsites in growing towns and clean up the place, value will shoot up immediately.
Idle money…idle man…idle mind

[Slim_fit]

@chap

na ziki kufa je?

What are the chances?

[Kiferethi]

@magreb

Avoid Sacco’s without a mother company if you can.

kupata guarantors incase unataka loan ni Kama kutafta Bibi ya president ako na ball ama karao mkorino

[magreb]

@Kiferethi

kupata guarantors incase unataka loan ni Kama kutafta Bibi ya president ako na ball ama karao mkorino

Tafuta shamba msituni ununue ikuwe your security ama muungie na mabeshte. SAA ya loan hautakua na shida.

[Kennedy_Maina]

@smungai

ni wewe tu unajua kenye unasema hapa… have you used it?

Yeah. I’m using it even today.

[chap]

@Slim_fit

What are the chances?

the chances are slim but fit to happen

[magazine]

@Kibokoyao

Guys which is the safest SACCO to save 500k

just stima sacco

[Bingwa_Scrotum]

@ndume

strictly, nothing is idle. People save for security. Some fixed assets are difficult to dispose when need for cash arises

Stupid explanation

[formeradministrator]

@Okiya

Money in the bank will never grow you rich. Banks are there for the sole purpose of kukukamua.

Picture this, you have saved 600k in a bank but want to get a loan of Kshs 2 million. The bank will charge you 13% on the loan but your savings will earn a paltry 3%. This means that you will be disadvantaged by 10%.

Same scenario in a SACCO. You borrow a 2m loan at 12% and at the same time your savings earn interest at 10%. Your disadvantage will only be 2%. The risk with SACCOs is that they don’t have proper governance structures like most banks do. Otherwise besides that,save and invest your excess money in SACCOs.

[ATTACH=full]283705[/ATTACH]

How about Bitcoin?

[formeradministrator]

@Okiya

Money in the bank will never grow you rich. Banks are there for the sole purpose of kukukamua.

Picture this, you have saved 600k in a bank but want to get a loan of Kshs 2 million. The bank will charge you 13% on the loan but your savings will earn a paltry 3%. This means that you will be disadvantaged by 10%.

Same scenario in a SACCO. You borrow a 2m loan at 12% and at the same time your savings earn interest at 10%. Your disadvantage will only be 2%. The risk with SACCOs is that they don’t have proper governance structures like most banks do. Otherwise besides that,save and invest your excess money in SACCOs.

[ATTACH=full]283705[/ATTACH]

How about Bitcoin?

[smungai]

@Kennedy Maina

Yeah. I’m using it even today.

niliona minimum deposit 2000 euros

[ChifuMbitika]

@Kibokoyao

Guys which is the safest SACCO to save 500k

Mwalimu national sacco