Best investment for a retired man who has received 4 million in lumpsum

[Kodiaga]

Mimi nmemuambia MMF is better. He had a plot in an average town and is planning to build on it. technically the rentals wont generate more than 30k per month Nmeambia yeye iyo ni sawa an Kupea Kanyari pesa

[sani]

Akiendelea kufikiria, kwanza anunue 91 day treasury bills, after 3 months akuwe ameamua chenye anataka

[cortedivoire]

Make brothel. Leta lanye. Thank me later

[Yuletapeli]

@Kodiaga

…onth Nmeambia yeye iyo ni sawa an Kupea Kanyari pesa

Following…

[Real2]

@Kodiaga

…onth Nmeambia yeye iyo ni sawa an Kupea Kanyari pesa

Tell him that 4M will see dust and his rentals will still be far from complete. Invest first and build from the investment profits

[Man_From_Kitale]

@Real2

… Invest first and build from the investment profits

Invest in what?

[Real2]

@Kodiaga

Mimi nmemuambia MMF is better.

@sani

anunue 91 day treasury bills,

@cortedivoire

Make brothel. Leta lanye

@Man_From_Kitale

… build from the investment profits

Invest in what?

Plenty of options out there elder depending on risk appetite

[Man_From_Kitale]

@Kodiaga

…onth Nmeambia yeye iyo ni sawa an Kupea Kanyari pesa

I am of a different opinion. Retain the money in the account. Buy some animals, and start grazing them as you eat your 4 million polepole.

At that age, animals and a small piece of land will give you great joy.

[Kahawa_vajo]

@Kodiaga

…onth Nmeambia yeye iyo ni sawa an Kupea Kanyari pesa

Akule tu lanye akingoja kifo

[Kodiaga]

@Man_From_Kitale

…s and a small piece of land will give you great joy.

He already has land and a few cows

[Man_From_Kitale]

@Kodiaga

… you great joy.

He already has land and a few cows

I will just eat the money pole pole.

In that age, investment pressures will kill you within a year.

[Gaines]

If he already has the land, si ajenge single rooms tuu akule rent pole pole. An old man is more interested in securing his money than multiplying it. Hiyo rent itamsaidia sana hata kama sio mingi.

[paparazzi]

I saw on Zukabaga kamzee kalikua ka elder ka pcea, mtu wa kanisa, nyumba kumi, he is always in the house by 6am etc. When he got a ka lumpsome, he did a 360, the guy started frequenting bars, kukula milayas, nikama kalikua kanalipisha na kurudishia mwili shukrani after being held hostage for all those years. Saa hii the kids want to take him to rehab, na haambiliki

[MarkMarco]

@paparazzi

…i the kids want to take him to rehab, na haambiliki

Hapo pa pesa ni noma. Kwanza ikiingia kwa kichwa.

[Stick-Up_Kid]

Depending on location of his parcel of land, ajenge single rooms kama 12 ama 16 hivi. Hio budget iko fiti. Kama kuna campo karibu, amekafunga. Kama hakuna campo, income itakua slow but it is more assured than hizo risk mingi. Mzee hahitaji a lot of money to survive retirement na 4m sio mob.

[ChifuMbitika]

@Man_From_Kitale

…s and a small piece of land will give you great joy.

Best advice

[ChifuMbitika]

@paparazzi

…i the kids want to take him to rehab, na haambiliki

Hehehe. Freedom at long last

[Larrison]

@sani

…y bills, after 3 months akuwe ameamua chenye anataka

government papers saa hii ni kujitia kitanzi.Kenya iko kwa risk ya kudefault

[sani]

@Larrison

…i ni kujitia kitanzi.Kenya iko kwa risk ya kudefault

serikali inaeza print makaratasi ilipe domestic debt

[Kodiaga]

@Gaines

…g it. Hiyo rent itamsaidia sana hata kama sio mingi.

Getting even 20k from those rentals will be a task. It is in Luhya land and those people rarely cooperate when it comes to paying rent. This is someone who I foresee health complications in the next two years.