The value drop of the Kenyan shilling is surely putting a strain on paying bills. This begs the question, must I pay, what if I don’t, or better yet what if I don’t want to? Because whew! it’s a real struggle, to calculate the exchange rate of the dollar to the Kenyan shilling and the subtraction of the amount of the required bill from the salary or the income generated in business or the payout from a particular project.
What will aid with this? We need a lasting solution such that the little money earned remains or better yet grows. Because the status quo sure raises a few too many thoughts should I say migraines and a few sleepless nights. Let’s not even delve into the future conversation, how to plan for it, prepare for it, and possibly even be comfortable in it.
What next then?
Well, the conversation about investment is long overdue then. A sure way of securing the future is by investing whether it be in the comfort, provision, or sustenance for the future. Investment is a sure way of ensuring the future is catered for adequately.
Where can I Invest?
There are many avenues where your money can work for you. These include:
- Money Market Fund
A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries). Money market funds are intended to offer investors high liquidity with a very low level of risk. Money market funds are also called money market mutual funds.
2. Stocks
Stocks are a type of security that gives stockholders a share of ownership in a company. Companies sell shares typically to gain additional money to grow the company. Benefits of investing in stocks include:
- Potential capital gains from owning a stock that grows in value over time
- Potential income from dividends paid by the company
- Lower tax rates on long-term capital gain
3. Unit trusts
A unit trust is an unincorporated mutual fund structure that holds assets and provides profits to individual unit owners instead of reinvesting into the fund. Benefits include:
- Managed by a financial professional
- One unit includes investments in a diversified portfolio
- No obligation or fixed investment term required
4. Bonds
A bond is a debt security, like an IOU. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. Benefits include,
*Bonds can serve as a source of income
*Historically, bonds are less volatile than stocks
*Can help diversify an investment portfolio and mitigate investment risk
5. Property Fund.
Real estate investment funds provide another entry point for those looking to invest in commercial real estate. They are particularly appealing to those who want to own commercial property, but who want to take a hands-off approach to daily management activities. A real estate investment fund pools capital from many investors, and then the fund’s sponsor oversees all the fund’s activities, including property management in the case of a fund that buys and renovates and/or holds property for some time. Benefits include:
*Potential To Build Capital
*You Could Have More Protection From Inflation
*Your Property Could Be A Generational Investment
In Summary
The famous adage proves to be true every so often ‘Failing to plan is planning to fail’. Think, plan, prepare for your future, the future you want to see.
+ There are no comments
Add yours