Naona sanlam inachezea 8.9% from 14%. How safe is our money? Any alternative passive investments?
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@MikeOcksmal and @Gaines watasema nini
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MMF ni ya mafala hawajielewi.
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ngoja kabla @DukeOfKabeteshire aende shift four seasons hotel akueleza
It’s just a temporary storage and a low-risk investment. Also, you need to appreciate that not everyone excels in entrepreneurship, so it’s better for the money to stay there than to squander it.
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MMFs are economic terrorists. They are mopping up liquidity in an unsustainable manner from the public to buy govt paper. Suddenly, ghaseers who would have come to my club wakunywe Tusker mbili Na nyama quarter hawana pesa eti they have invested their 10k kwa MMF wanangonjea passive income. Sasa pia mimi sina pesa ya kupea malaya alipie Jayden kindergarten. Maumbwa nyinyi.
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Low interest hence low risk,
Good place to pool funds for further investments.
Mmf is like kindergarten
Tbills/Tbonds is like Primary
Special funds is like secondary
Others shares etc
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do you know cytonn still has an mmf with over 1billion ksh under management.nyeuthi zingine ni jinga sana.
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MMF hubamba mafala. If you do even a smidgen of research you will find better alternatives
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These funds are the ones getting richer, not you, the retail investor. Nimewaambia mara mingi apa sana these funds only exist to make the partners wealthy.
The way it works is they charge management fees on total AUM.
Piga hesabu uone. If they only charge 10% management fees annually, that’s already 100M in cold hard cash haha. Halafu sasa they still charge you fees on profits.
The guys in suits pale kwa office ya Cyton with MBAs from Harvard, Columbia and Wharton wanapigia nyinyi manoeuvre zingine waislamu wanaita HARAM. If haram were a person, it would be those guys.
Hii Mchezo ujue inafanywa na those Ivy League kids who topped their KCSE wakaenda kule mayolo via schemes Kama Equity, Kensap, Education USA, EASEP etc. Those kids ujue have worked at JP Morgan, Deutsche, Goldman Sachs, Yaani benki ziko na majina that combine NAME and NAME. Sijui Kama mnaniget. Jamaa amechapa works pale Jewish name and Jewish name (Weinstein Ackman Parker and Associates as an example) alafu after a few years akaenda pale Stanford Graduate School of Business. Then the fucker realizes employment won’t make him rich so he comes back home to take advantage of the Kenyan low IQ populace.
So we have these fucking smart guys who have seen how wallstreet works alafu they replicate the same thing on a dump citizenry. Who do you think is gonna win? Vitu zinafanyika Kenya will make Lehman brothers look like child’s play. Si mimi ndio nawaambia. Where did Edwin Dande go to school? Where did Irungu Nyakera go to school? Endeni mwangalie CVs za hao watu.
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Ukiwekelea magunia kwa mgongo ya punda na bado punda imesimama na hailali chini, hio ni ishara ya kutosha uko na punda mtiifu aliye tayari kukuhudumia.
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Tupe example ya smidgen of research conclusion umepata ni poa ya kuwekelea pesa
People keep asking this question hoping that there’s a better way to make money but the truth of the matter is there isn’t. The only way to do so is to create value. That means getting into the trenches and building a product that people want. However, very few people even want to do that so for the majority of people, it’s better for them to just keep getting milked by these smart fellas.
If you look around you, everyone who has managed to create a product that people want has ended up being super successful. Given how hard it is to build something people want, it seems to me that it’s easier to become the people starting the MMFs or new funds so you can squeeze every ounce of capital from the retail investors. The smart fellas and some okuyus have figured this out. That’s why we have new funds everyday, kyuks are opening new SACCOs every day, people like Mworia are trying to spin off new REITs promising dollar returns….this is the name of the game. Everyone needs a new Ferrari.
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Profit ya MMF tumia kudinya lanye
Don’t put your hardearned money into things you don’t understand.
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government bonds