THREAD🧵
Many people struggle with what to invest in and not the investment process itself.
It's difficult to know what to invest in with the many investment options available.
Here are Top 8 investments you should start thinking about today👇
Many people struggle with what to invest in and not the investment process itself.
It's difficult to know what to invest in with the many investment options available.
Here are Top 8 investments you should start thinking about today👇
1. A high yield savings account:
~ This is like a traditional savings account that gives high yields of up (10 to 13)% on savings.
~It is a good way to earn returns with your money just "sitting" at the bank.
~ This is like a traditional savings account that gives high yields of up (10 to 13)% on savings.
~It is a good way to earn returns with your money just "sitting" at the bank.
To invest in a high yield savings account, you need to:
~Check ratings of your preferred financial institution
~Go for the best high yield savings
~Open a high interest savings account with the bank
~Start putting money in your account
~Check ratings of your preferred financial institution
~Go for the best high yield savings
~Open a high interest savings account with the bank
~Start putting money in your account
Most high yield savings accounts are in online banks. In Kenya, you can open a high interest savings account with KCB bank or Koa and get up to 10% in returns.
2. Index funds:
~This is an ETF that is designed to follow preset rules so that funds can track a specified basket of underlying investments.
~They are a great investment option for beginners and less risky than stocks.
~This is an ETF that is designed to follow preset rules so that funds can track a specified basket of underlying investments.
~They are a great investment option for beginners and less risky than stocks.
To invest in index funds, you need to:
~Find an index find you want to track
~Choose a fund that tracks the particular index
~Buy the shares of that particular index
~Find an index find you want to track
~Choose a fund that tracks the particular index
~Buy the shares of that particular index
3. Real estate:
~Here, you will be buying and selling property and make money.
~This is a good investment because you can sell property for up to 3 times its original value.
~You can start with rental housing and raw land as a great segue into real estate.
~Here, you will be buying and selling property and make money.
~This is a good investment because you can sell property for up to 3 times its original value.
~You can start with rental housing and raw land as a great segue into real estate.
To start investing in real estate:
~Do your research and find the best real estate properties for clients.
~Create an outstanding portfolio to share with clients.
~Look for clients and sell them the property.
ALTERNATIVELY;
~Do your research and find the best real estate properties for clients.
~Create an outstanding portfolio to share with clients.
~Look for clients and sell them the property.
ALTERNATIVELY;
You can invest in Real Estate Investment Trusts (REITs) which are companies that own or finance income-producing real estate across a range of property sectors e.g Vuka by Acorn Group which allow you to invest in Acorn's profitable student accommodation Qwetu & Qejani
4. Cryptocurrency:
~Digital currency is one of the latest and popular type of investment because it has facilitated faster payment and transactions in significantly low fees in place of traditional banks.
~Bitcoin is one way to invest in cryptocurrency.
~Digital currency is one of the latest and popular type of investment because it has facilitated faster payment and transactions in significantly low fees in place of traditional banks.
~Bitcoin is one way to invest in cryptocurrency.
To invest in bitcoin, you need to:
~Join a bitcoin exchange e.g Bunance or Coinbase to purchase bitcoins
~Get a bitcoin wallet to store bitcoins
~Have a bank account for fund transfer
~Place your bitcoin order
~Keep track of bitcoin investment
~Join a bitcoin exchange e.g Bunance or Coinbase to purchase bitcoins
~Get a bitcoin wallet to store bitcoins
~Have a bank account for fund transfer
~Place your bitcoin order
~Keep track of bitcoin investment
5. Stocks:
~The stock market allows you to buy and sell shares of publicly listed companies.
~This is a great investment and can get you high returns if predictions are done well.
~You can invest in Kenyan stocks through NSE and New York Security Exchange for global stocks.
~The stock market allows you to buy and sell shares of publicly listed companies.
~This is a great investment and can get you high returns if predictions are done well.
~You can invest in Kenyan stocks through NSE and New York Security Exchange for global stocks.
To start investing in stocks,
~Open a trading account with CDS
~Choose your stocks
~Get a broker e.g Faida Bank for local stocks and @HisaApp for global stocks
~Start trading
~Open a trading account with CDS
~Choose your stocks
~Get a broker e.g Faida Bank for local stocks and @HisaApp for global stocks
~Start trading
6. Mutual funds:
~These are funds that trade in securities with money contributed by many shareholders.
~Mutula funds pool money from investors and invest in stocks and other securities.
~Are a great investment for anyone who wants to spread risk and diversify portfolio.
~These are funds that trade in securities with money contributed by many shareholders.
~Mutula funds pool money from investors and invest in stocks and other securities.
~Are a great investment for anyone who wants to spread risk and diversify portfolio.
To invest in mutual funds, you need to:
~Look for institutions that have mutual funds
~Know the type of mutual fund offered e.g money market fund, dividend fund or balanced fund.
~Register to start investing in the mutual fund
~Look for institutions that have mutual funds
~Know the type of mutual fund offered e.g money market fund, dividend fund or balanced fund.
~Register to start investing in the mutual fund
7. Bonds:
~Are investment securities where you lend money to the government for a given period of time, after which you will get your principal plus interest earned upon maturity.
~In Kenya, we have T-bills and T-bonds as government securities.
~Are investment securities where you lend money to the government for a given period of time, after which you will get your principal plus interest earned upon maturity.
~In Kenya, we have T-bills and T-bonds as government securities.
To start investing in bonds,
~Open a CDS account with Central Bank
~Decide how you want to invest in the government securities
~Fill and submit an application form
~Get auction results and make payments
~Wait for maturity to get proceeds
~Open a CDS account with Central Bank
~Decide how you want to invest in the government securities
~Fill and submit an application form
~Get auction results and make payments
~Wait for maturity to get proceeds
8. Cash and commodities
~These are physical commodities that are sold in exchange for cash e.g gold, wheat, etc.
~Cash commodities are a low risk type of investment and are a great investment for starters.
~These are physical commodities that are sold in exchange for cash e.g gold, wheat, etc.
~Cash commodities are a low risk type of investment and are a great investment for starters.
Before you decide on what to invest, do your research, understand the investment and plan your finances.
You can read the full article on what to invest in on @kenyanwalstreet here👇
kenyanwallstreet.com
You can read the full article on what to invest in on @kenyanwalstreet here👇
kenyanwallstreet.com
Loading suggestions...