NIEL Business consultancy

Happy new year

The syllabus is moving very fast.

Hello

Good morning

A money market fund can serve several purposes in your portfolio:

1. Avenue to Stack your emergency fund
2. Avenue to Stack your sinking fund
3. Save up for entry into bigger investments
4. Add liquidity to your portfolio

To our young and newly employees mostly civil servants like teachers, Kenya Police Service and the likes;

Important questions to consider before taking a loan

1. Can I accumulate savings to buy this thing instead of taking this loan?

2. Will I have something to show for this loan in the next 1-5 yrs?

3. What other alternatives do I have to pay for this rather than taking a loan

DM us for more guides.

To the crypto traders.
This is your moment.
Trump moment.
The Trump win has led to a rally in the financial markets:

1. Bitcoin hit an all time high
2. S&P 500 hit an all time high
3. Nasdaq 100 hit an all time high
4. DJIA hit an all time high
5. The USD is up against major currencies like the Euro, pound, Yen

How to invest KES 1M in Kenya?

1M in an IFB yielding 15% will give you 150K per annum.

1M in a dividend king like BAT at the NSE will give you 151K per annum after taxes. (Current div yield of 15.9%)

1M in a MMF with an annual yield of 15% will give you a return of 133K after taxes.

1M in SACCO deposits with a div yield of 12% will give you a return of 114K after taxes

1M in SACCO savings with a rebate of 10% will give you 95K after taxes.

1M in the average rental property in Kenya (8% return from rental income, with 90% plus occupancy) will give you 75K after taxes.

1M in your bank savings account will earn you a very big ZERO in a whole year!

Chose wisely.
DM Us for more .

Another reason as to why I recommend Money market fund (MMF). The fixed deposits no longer make sense.

You need to raise 100M to get a return of only 12%

In your MMF, with only 1K you can get the return of 12% and even higher than that. I recommend ICEA LION GROUP with whose returns are currently at 13.7% p.a.

5 things about Money that we were never taught in school

1. You should not save your money in a bank

2. It's not how much you earn that matters. It's how much you earn and keep that matters.

3. You should save money before you spend. If you don't prioritize savings, you may never save at all.

4. The only way to know whether you stick to your budget is by tracking your expenses.

5. You should ensure that you invest your money in avenues with greater returns than the inflation rate and currency depreciation rate to preserve your purchasing power.

Banks are not your friends when it comes to wealth management.

Your bank will give your a 30 year mortgage with a 20% interest rate per annum and choke your pay slip for the next 30 years insurance will give you an investment plan based on your need.

Your bank will advice you to fix your money in a fixed deposit account with a 4% interest rate per annum, ICEA LION GROUP a Money Market Fund product offering 13.7% per annum

Your bank will sell you bonds they bought from CBK and charge you brutal charges for that when you access bonds via CBK for free.

If you want financial advice, the last place to seek it is inside the banking hall. Seek it from us. We are accredited financial advisors.
DM us for more.