Hey elders, napata a few coins in USD. I’m looking for a good dollar-based money market fund. Which ones can you recommend?
@Azor Ahai any word on this?
Following keenly. But I would recommend you venture in real estate ama farming. In times of inflation raia bado watakula. Saa hii maharagwe 2 kg ni 360.
That’s true, farming in particular is top of my plans…but it’s prudent to park the funds somewhere with kidogo earnings hence the MMF way, I have been looking at several options, akina Nabo Capital, NCBA, ABSA, Cytton…Cytton seems to have the highest returns but their reputation is quite tainted.
Inflation will eat your your meagre interest. Ukiwa na shamba. Use 2m to dig borehole. Panda organic vegetables. Hapa Una kafunga mbaya.
Try Dry associates, they have a dollar mmf, though returns may seem low.
Farming nyinyi husahau sana marketing.
Be prepared for lube anytime. Farming is the hardest thing on this planet. Heri uwe middle man. Tafuta soko, connect the farmer to the soko. Kula sumni ya ubroker. Zero risks
How are the treasury bills /bonds? 9% is a good return and guaranteed. Do MMF provide guarantees?
But as a broker. Farming can be capital intensive and high risk in terms of recovering cash…
Kuna Mzee anafanya farming kitengela. Huyo bazu amekafunga mbaya mbovu. Ako Hadi na fish pond.
Get a US brokerage account and purchase shares in USD. ZIM alone gave me a 158% divyld this year. USD is up 10.3% from Nov which is a better return than any money market fund.
Any pointers on where to start? What are the requirements and any recommendations on a reputable brokerage firm.
What is he farming?
Onions,mboka za kienyeji ako hadi ng’ombee za grade. Kuku,rabbits
Steer clear off cytonn
Absa Dollar MMF is 3.5% p. a as of today. Compared to Cytonn they have a better risk management framework but that return is meagre to say the least.