All about the Benjamin’s
2006 has been a year where I have to the best of my efforts attempted to invest in the future. I know my salary won’t last forever and I must at all costs spend less that I earn and save it.
Saving isn’t all about keeping money in the bank and having a large balance. I think real saving is putting your money in instruments that will drive growth and assure income.
I’m no expert but I think following the footsteps of those who have come ahead of me I will be able to ensure that my future is covered.
Investments so far:
My strategy this year has been to save at minimum 40% of my salary using the following vehicles:
SACCO contribution: I contribute monthly to the company savings and credit cooperative. 10% of my net income
Managed Fund: This is with old mutual. 11% of my net income
Stock market: This is in various shares in the NSE. So far I’ve invested in Pan African Insurance, Diamond Trust bank and Athi river mining. I’m will be building my portfolio going forward as well as increasing my contribution. 19% of my net income
Other investments include: Simu ya Jamii (17.5% return), and investment in Zimele (a managed fund so far I’ve a return of 179% over the last 1 and half years)
Next year. I should be able to increase and diversify my investment into new business.
Saving isn’t all about keeping money in the bank and having a large balance. I think real saving is putting your money in instruments that will drive growth and assure income.
I’m no expert but I think following the footsteps of those who have come ahead of me I will be able to ensure that my future is covered.
Investments so far:
My strategy this year has been to save at minimum 40% of my salary using the following vehicles:
SACCO contribution: I contribute monthly to the company savings and credit cooperative. 10% of my net income
Managed Fund: This is with old mutual. 11% of my net income
Stock market: This is in various shares in the NSE. So far I’ve invested in Pan African Insurance, Diamond Trust bank and Athi river mining. I’m will be building my portfolio going forward as well as increasing my contribution. 19% of my net income
Other investments include: Simu ya Jamii (17.5% return), and investment in Zimele (a managed fund so far I’ve a return of 179% over the last 1 and half years)
Next year. I should be able to increase and diversify my investment into new business.
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