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Kenyan Business Feed
  • Home
  • News
    Popular Journalist Dies In Gristly Road Accident

    Popular Journalist Dies In Gristly Road Accident

    Minet feted Insurance Broker of the Year

    Minet feted Insurance Broker of the Year

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    BBI will Create a good Business Environment: Mt Kenya MCAs Chairman

    BBI will Create a good Business Environment: Mt Kenya MCAs Chairman

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Kenya Approves Three Applications For Covid-19 Clinical Trials

    Covid-19 vaccines arrive in Kenya tomorrow

    StarTimes sign partnership with Manchester United

    StarTimes sign partnership with Manchester United

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

  • Markets
    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

    Hennessy becomes NBA’s first global spirit partner

    Hennessy becomes NBA’s first global spirit partner

    KenGen to Pay Ksh1.65 Billion in Dividends

    KenGens’ half year profits hit Ksh6.8 billion

    Suzuki unveils latest entrant into the Kenyan market

    Suzuki unveils latest entrant into the Kenyan market

    Kenya Breweries launches academy to train 10,000 bartenders

    Kenya Breweries launches academy to train 10,000 bartenders

    New Directory to Provide Support to women owned Businesses

    New Directory to Provide Support to women owned Businesses

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

    Nokia to launch its low cost smartphones in Kenya

    Nokia to launch its low cost smartphones in Kenya

  • World Business
    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

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    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

    Columbia Africa banks on primary and preventive healthcare to grow market share

    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion

    Bill in parliament seeks to have CBK regulate Mobile lenders

    Minet feted Insurance Broker of the Year

    Minet feted Insurance Broker of the Year

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

    Hennessy becomes NBA’s first global spirit partner

    Hennessy becomes NBA’s first global spirit partner

    KenGen to Pay Ksh1.65 Billion in Dividends

    KenGens’ half year profits hit Ksh6.8 billion

    Suzuki unveils latest entrant into the Kenyan market

    Suzuki unveils latest entrant into the Kenyan market

    LG launches social impact challenge for innovative community projects

    LG launches social impact challenge for innovative community projects

    • Agribusiness
    • Banking

      Bill in parliament seeks to have CBK regulate Mobile lenders

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      DTB Bank set to shut down 6 branches

      DTB Bank set to shut down 6 branches

      Secure your future by saving with Metropolitan National Sacco

      Housing Finance launches new money transfer service

      Housing Finance launches new money transfer service

      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

      Leak: 53 Kenyan banks, individuals Named in FinCEN Files For Illegal Sh6 Trillion Transactions

      Impending layoffs at Absa Bank Kenya Plc

      Family Bank opens its 92nd branch

      Family Bank opens its 92nd branch

      Kenyan shilling dips to a 2-year low against the US dollar

      Formation of Sacco Fraud Investigation Unit timely

    • Insurance
      Minet feted Insurance Broker of the Year

      Minet feted Insurance Broker of the Year

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      ICEA Lion Life appoints a new CEO

      ICEA Lion Life appoints a new CEO

      Exposed: Insurance Company on The Spot for Fruatrating clients

      Exposed: Insurance Company on The Spot for Fruatrating clients

      Octagon feted in 2020 World Pension Summit Innovation Awards

      Octagon feted in 2020 World Pension Summit Innovation Awards

      What do you need to know before purchasing car insurance?

      What do you need to know before purchasing car insurance?

      National Bank of Kenya Bags Global Recognition

      National Bank of Kenya Bags Global Recognition

    • Manufacturing
    • Opinion
      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      Why Digital Services Tax is a retrogressive policy

      Why Digital Services Tax is a retrogressive policy

      How Citizen TV Became The Most Watched in Kenya

      How Citizen TV Became The Most Watched in Kenya

      This is the new Safaricom logo

      Fail or win? Mixed Reactions over Safaricom’s new logo

      After fuliza, Safaricom introduces another way to borrow money

      OPINION: Why Safaricom’s Fuliza is a rip off!

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      Crisis as young Kenyans now embrace Crime as lifestyle

      Crisis as young Kenyans now embrace Crime as lifestyle

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Why it’s important to start investing early and areas you might be interested in

by Kenyan Business Feed
May 13, 2019
in KBF
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Most young people tend to think one must be financially stable before they can start investing, but experts say that should not be the case, and here is why.

In Kenya, people aged 15-24 make up 20% of the population. If you add those who are under 35 it becomes 50%.

Why it’s important to start investing early and areas you might be interested in

Cytonn Investments Chief Executive Officer (CEO) Edwin Dande addressing investment analysts and investors at Intercontinental Hotel, Nairobi. Photo: Cytonn Investments.
Source: UGC

However, most of them only start to think about investing when they are older – usually in their mid-forties or early fifties. This is because they assume that investing is something for the financially stable or it is too expensive for young people. This is a lie.

READ ALSO: All about Cytonn’s Sharp Investor’s Tour, the ultimate adventure for discerning investors

Financial experts advise you should start investing early so that you can start enjoying the returns when in the middle age.

But what can you actually invest in when you have finished school, gotten a new job or working on your hustle?

Here are a few options:

1. Money market funds

Money market funds (MMFs) are a type of unit trust. They are popular because they have low risk and it is easy to take your money out if you need to. You also do not need too much money to open an account – you can start with as little as KSh 5,000.

The interest you earn is higher than most bank savings accounts. At the time this article was written, Cytonn Money Market Fund, the highest yielding MMF in the country, had an annual interest of 11%.

Remember that this is compounded daily, so if you start early and leave your money in it for a while, it will continue to grow.

READ ALSO: Property firm Cytonn officially ventures into capital market with launch of asset management division

2. SACCOs

SACCOs first came into existence because farmers needed a safe place to keep their collective savings and access services like loans, since they were not able to get them as individuals.

Today, SACCOs have grown to offer so much more. If you are a twenty-something, it could be a perfect place to invest some of your money.

Unlike MMFs, once you put your cash in a SACCO, it is tied up there for a while and you can only access it in the form of a loan. This is designed deliberately to force you to save.

Different SACCOs have different benefits, so it is up to you to find one which appeals to you.

READ ALSO: Cytonn receives regulator’s nod to manage retirement benefits

3. Government treasury bills

Also called t-bills, treasury bills are a way for the government to borrow from you in order to pay for development projects. Afterwards, it pays you back with interest.

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Since t-bills are backed by the government, they are a safe investment – you are assured of a return.

However, the rates are usually much lower. In addition, the minimum investment is rather high: one hundred thousand shillings.

4. Chamas and Youth Groups

If you are young, join a chama or a youth group with an interest in investing. The biggest advantage of these platforms is that they allow you to pool your money with several other people and access investments that you could not afford before.

For example, if you are in a chama of 50 people, and each of you contributes KSh 10,000, you now have half a million shillings, which you can put into something that could give you high returns.

Real estate is always a good option. Chamas are great because you learn to contribute regularly.

READ ALSO: Understanding the stock market in Kenya

Whichever investment vehicle you choose, just make sure you invest.

Before you get started, do your research and find an investment partner you can trust. After that, let your money work for you and secure your future.

(Sponsored)

Source: Tuko



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