I would like to one day retire after investing my savings worth Kshs 100M.
I would like to retain a monthly income of 1M ($10,000) per month after my retirement from such investment.
What kind of investment can I put money on (in Kenya!) that gives that kind of monthly return. This should preferably be a passive investment e.g. real estate… e.g. 5 flats in Kilimani @ 20M each. (unfortunately monthly rent for these can only max out at 120K, i.e. 600K per month which is way below the 1M monthly target).
Any proposals?
rtgs me the cash tuchore plan ya investment.
Five flats with 100m:D:D:D
Chapati business with is second to real estate according to k-street journal
Pale Kayole inaamsha flats 15.
Wrong forum enda wazua huku utapata matusi tu
First acknowledge you are poor but working towards your goal. Secondly come out of that Utopia called passive investments.
Nuts, Bolts and nails manufacturing
Fruit processing
Fish processing
Sugar
Dairy processing
Technology hub
Angel Investments
Banking/ Insurance
Entertainment
Civil Engineering
money market fund. Old Mutual returned about 13% last yr
Diversify. Put your savings in plenty of investments.
The fact that you are asking this question means you have no money at all
Invest in the people. Empower the cottage industry as a partner.
“For where your treasure is, there your heart will be also”. Luke 12:34
Is this so called money in your head? If so, kindly visit the nearest hospital to get sound advice about the way forward for your future :D:D:D
too much truth in this statement it hurts
There are people who do this for a living. Get a professional to advise you.
Nunua chopper ya kukodisha
If you are serious about this, we can set up a meeting and I can give you options. Even from the top of my head, a simple flat in Kasarani can get you 1m a month.
infrastructure bonds 12.5% PA no taxes
Heheheh are you sure you have that kind of money or you are just dreaming? Coz someone with that kind of money knows that with 100m you CANNOT get 5 flats in Kilimani! I doubt you could even get more than 2. And for your info, a place like Kilimani can have 1 flat earn you more than 1m. A 4 story flat for instance with at least 20 tenants there can fetch over 1m in monthly rent. In Kilimani rents average upwards of 50k per month for 2 bed room house and in some even 80k. So 1 flat of 20 tenants paying at least 50k is all you need to hit 1million rental income. Such simple maths make me think unatuchocha hapa. You can’t have 100m and fail to know some of these stuff…like how flats cost, average rents in different places etc…
Troll detected.
You are probably a troll, but I will answer anyway as a future point of reference so tha t when you actually get the cash, you won’t come and repeat the same question. $1 million is a fortune or peanuts depending on where you want to invest and what you want to invest in. We all agree that property is the best/safest option for a retiree. $1 million anywhere in Nairobi County is peanuts. If I was in your position, I would build bedsitters near a large government institution (university). I am very specific, a government institution, not a private one. The government will hardly run broke and close down a university. Your best bet is land near JKUAT. Unlike other universities, land there is within your budget and JKUAT is not going anywhere for a long time. With $1 million, you can buy 2 plots and build bedsitters at two locations near the institution. Bedsitters have the highest return, and you will have ready market due to students. Good luck!!