Investing Advice

 

Take these Steps

1. Open a shares CDS account.

• Just buy 100 shares of a company whose products you consume daily. Don't bother about returns or capital gains yet. Get in first.

2. Invest in a collective investment scheme.

• Your investment is professionally managed. Start even with Sh 5K. CIC, Sanlam, ICEA, and Jubilee MMFs are highly recommended.

3. Your investment strategy shouldn't be complicated:

• Use app/digital platforms for MMF and stocks to simplify your process.
• Top up MMF, SACCO deposits, and accumulate dividend stocks, every month; long term.
  
  
• Transfer at least Shs 100K annually from MMF to new bond positions.
  
  
• Reinvest interests and dividends
  

4. Invest in knowledge

5. Don't be delusional, crypto is not for the heart-fainted.

• For 6 years, you'd need about Sh 10,000 invested monthly at 13% annual return to build a Sh 1M portfolio in an investment of your choice eg. SACCO or MMF