Instead of saving money in your bank's saving account, save in a Money Market Fund
Instead of using fixed income funds for long term investing, invest directly in T-bonds via CBK
Instead of using an education policy to save for your kid's education, combine a term life + an investment product like a MMF
Instead of relying entirely on Individual Pension Plans to secure your retirement, create your own personal portfolio as a backup.
Explanations below๐
Instead of using fixed income funds for long term investing, invest directly in T-bonds via CBK
Instead of using an education policy to save for your kid's education, combine a term life + an investment product like a MMF
Instead of relying entirely on Individual Pension Plans to secure your retirement, create your own personal portfolio as a backup.
Explanations below๐
1. Save in a Money Market Fund. Ignore banks' savings and fixed deposit accounts.
Here are the benefits:
1. Earn higher interest rates on your savings above the inflation rate.
2. You can withdraw your money any time you want without penalties unlike in your fixed deposit account.
3. Your money is still secure as MMFs invest in low risk assets meaning you can hardly lose your money
Here are the benefits:
1. Earn higher interest rates on your savings above the inflation rate.
2. You can withdraw your money any time you want without penalties unlike in your fixed deposit account.
3. Your money is still secure as MMFs invest in low risk assets meaning you can hardly lose your money
For MMF recommendations, you can sign up with any of these three:
1. CIC MMF
clients.cic.co.ke
2. Sanlam MMF
invest.sanlameastafrica.com
3. KUZA MMF: client.kuza.africa
1. CIC MMF
clients.cic.co.ke
2. Sanlam MMF
invest.sanlameastafrica.com
3. KUZA MMF: client.kuza.africa
client.kuza.africa:8000/?agent_no=00052
clients.cic.co.ke/unittrust/publโฆ
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2. For long term investments, try to cut on investment costs as much you can.
Investment costs compound and reduce your returns.
Invest directly into bonds via CBK, to realize higher returns and reduce on investment costs.
Investment costs compound and reduce your returns.
Invest directly into bonds via CBK, to realize higher returns and reduce on investment costs.
3. An education policy combines wealth creation (saving for your child's education) with wealth protection (ensuring your kids complete school in case something happened to you)
While it is a nice product, you end up under insured and under invested, meaning that most times, you don't get the best protection and you also don't get the best on savings for your child's education.
The combination of a term life and a investment product like a MMF solves that.
While it is a nice product, you end up under insured and under invested, meaning that most times, you don't get the best protection and you also don't get the best on savings for your child's education.
The combination of a term life and a investment product like a MMF solves that.
4. Individual pension plans are a great way to plan for your retirement,
but sometimes fund managers experience a hard time managing huge portfolios, and end up registering meager returns as shown below.
As an individual, even with a basic portfolio of 80% bonds and 20% stocks or even 100% bonds, you can still do quite well.
but sometimes fund managers experience a hard time managing huge portfolios, and end up registering meager returns as shown below.
As an individual, even with a basic portfolio of 80% bonds and 20% stocks or even 100% bonds, you can still do quite well.
P.S.
If you would like to level up your financial literacy and learn how to invest in financial markets,
You can enroll in our masterclass that starts next week.
All details are in the posters below:
If you would like to level up your financial literacy and learn how to invest in financial markets,
You can enroll in our masterclass that starts next week.
All details are in the posters below:
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