https://x.com/kenyanwalstreet/status/1986705015344341475?s=19
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Family Bank inaplan IPO watu warukie banking sector.
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Until I can scalp, my brakes are held.
Hizi vitu na ile upuss ingine ya money market funds should now be designated as forms of economic terrorism. They achieve nothing other than mopping up liquidity from the economy to benefit a rogue govt. Suddenly, we have ghaseers who instead of buying Chrome quarter na kabej nusu na waongeze kanyama ka 50 eti pia hao wamerusha 500 kwa MMF in the name of building generational wealth and earning passive income. Maumbwa nyinyi.
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Gov is in bed with mmf zinapea a desperate government a cash cow.How else can you explain Cytonn still having an mmf while they scammed people billions in another fund na hakuna mtu Ako jela.
Soon utaona counties zimeanza kuissue municipal bonds kama US states.
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I blame ukosefu wa degrees. Wasee wako na defensible degrees in STEM subjects from reputable universities huwezi wapata kwa hii upuss. Eti unaweka 10k kwa MMF then sit back like a nongwe kungojea hizo mashilingi eti passive income. Ile ujinga iko kwa hii nchi imevuka mipaka. Sii heri hata upatie cousin yako 3k afungue kibanda awe anakurushia hata mia tano kwa wiki.
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I think these things require you to invest a lot of money for short periods of time. Like upwards of 50m for a few months
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It’s a way of storing your money short-term where it can earn interest na you don’t have regular access to it. Ni fity btw for a spendthrifts kaa mm
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Yes it’s good for billionaires like you who have huge amounts of money to move around
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