Investment
On Friday I began an experiment. I have started investing 10K in the stock exchange every month for the next 5 years. This should cumulatively total up to 360K assuming no capital gains and no inflation. Assuming I make decent choices I'm hoping to make a capital gain of 70% over the duration and some decent dividend.
My AIM to buy my own house or at least make a significant down payment.
I’m no stranger to the investment game, though I’ve never made a direct investment in the stock exchange. I have been hiding behind the strengths (and dare I say weaknesses)of unit trusts. My companies of choice are Zimele (My choice is the balanced portfolio) and Old Mutual. I have so far made about 123% return on my investment. I think this is decent assuming the unit trust fund managers don’t fuck up I should continue to see growth. I also have invested in a simu ya Jamii which gives me a 17.5% return on my initial investment of 50K and a continued reinvestment of 5K. I have now gotten my 50K back and I’m currently enjoying a regular income while reinvesting 5k for airtime.
I believe smart choices will continue to reward me generously. I hope to reduce my dependence on my salary by nurturing other additional sources of Income. I’m not where I need to be but I believe I’m on the right track.
My AIM to buy my own house or at least make a significant down payment.
I’m no stranger to the investment game, though I’ve never made a direct investment in the stock exchange. I have been hiding behind the strengths (and dare I say weaknesses)of unit trusts. My companies of choice are Zimele (My choice is the balanced portfolio) and Old Mutual. I have so far made about 123% return on my investment. I think this is decent assuming the unit trust fund managers don’t fuck up I should continue to see growth. I also have invested in a simu ya Jamii which gives me a 17.5% return on my initial investment of 50K and a continued reinvestment of 5K. I have now gotten my 50K back and I’m currently enjoying a regular income while reinvesting 5k for airtime.
I believe smart choices will continue to reward me generously. I hope to reduce my dependence on my salary by nurturing other additional sources of Income. I’m not where I need to be but I believe I’m on the right track.
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