7.5 Million Banked

Deal imeiva this small money has hit the bank, I want to sort out my housing issue once and for all, madam wants us to buy the 2 bedroom we currently live in at 5M, the estate is deteriorating so I don’t think it’s wise to buy.
I was thinking about putting the cash in bonds say the euro bond which was at 8% last time I checked,this would mean we get 50K a month, we can afford rent and still have 20k left indefinitely without touching the 7.5M.
What do you think about this, forget about the plots and building, where I would want I can’t afford to buy but I can afford the rent.

Buy land, outskirts but growing … build rentals.

You don’t need to own a house to live in and it’s not an emergency for u to own one

This 7.5m is little but can secure your future

Buy outside nai for better prospects… must be county HQ

How much does your dream house cost? It sounds like you really like the estate. Are we talking 10, 15, 30 million? If you only need to top up a small amount then I’d advise you to bite the bullet and take a sacco loan or work hard, save and come up with the balance. I’m concerned about current bond rates and the rate of deterioration of the Ksh.

Understand the power of leverage.

buy land 1.5m using ur 6m build a house and leave in it first rule of investment secure ur ground,once u sleeping well without thinking of loans mortgage na kadhalika then ur mind will be open to think of other investment and taking bigger risk for bigger deals.or follow the second rule and for go the first rule and only invest 1/3 of that money in short term government bond rate is between 6-10% another 1/3 in fixed asset aka kama shamba with a positive appreciation rate yearly 5-10% and the other 1/3 brocken into 1/6th of highly volatile stock market with possible high return and the other 1/6 long term blue chip stock kama ibm/amazon/microsoft GE kama u can access foreign money market floor or kama ni local chukua safaricom centum na kadhalika consult ur local broker akusaidie kupick local blue chip stock ,but remember dont be pressured to invest u will make the wrong decision i still support rule one jenga nyumba kwanza and get out of the rent rat race third rule if u are going to buy/build rental remember your return of investment has to be 7%(roi=net yearly rental income divide by cost of the buying/building rental units) or more and anything below that u are making a loss,so pesa isi kuchome mfuko that u have to use it tulia ufikire kwanza but the three rules covers everything if in doubt default back to rule one and dont forget dont get a slay queen if u have to get one that is cheap hata kula more than .01% u will be ok as human factor has to be taken into consideration we men kwa kiwanja call that unreimbursed business expenses best of lack mkubwa n remember u cant buy wealth remember where u want to leave u cannt afford it now but if build wealth slowly you will afford it in future hakuna short cut unless u are thief of public money if u are thief of public funds i hope all ur investment fails and produce 0 return other than that best of lack mkubwa again

Dream homes issa mirage, that I try dissuading Kenyans who are starting out in life from venturing into… If you must own, or build. It’s best to build/buy as per your ability not dreams… Ukiomoka ndio uanze dreams

This sounds like very sound advise…

Fuata maagizo ya Bibi and buy that apartment, and then you can invest the balance…

Because if you venture into building, now, the entire 7.5m will be swallowed. Leaving nothing to invest…

And as you have well put it, investing while you have not secured basic things like shelter and food ni kujidanganya… If you run into a headwind your world will come crashing down badly…