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63 Pages«<5758596061>»
Treasury Bills and Bonds
ibsi
#1161 Posted : Thursday, January 31, 2019 7:11:19 PM
Rank: New-farer


Joined: 5/7/2010
Posts: 33
Location: Nairobi
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile
Trust in God and endure patiently.
tom_boy
#1162 Posted : Thursday, January 31, 2019 10:04:39 PM
Rank: Member


Joined: 2/20/2007
Posts: 707
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


WB does not do bonds. I agree with him!
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Impunity
#1163 Posted : Thursday, January 31, 2019 10:17:00 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,143
Location: Masada
tom_boy wrote:
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


WB does not do bonds. I agree with him!


Why?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Impunity
#1164 Posted : Thursday, January 31, 2019 10:18:43 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,143
Location: Masada
tom_boy wrote:
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


WB does not do bonds. I agree with him!


Why?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

chiaroscuro
#1165 Posted : Friday, February 01, 2019 8:37:06 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,104
Location: Nairobi
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.



Forget these over-glorified govt papers! They are no longer the best place to pack your money. "We" moved to Money Market Unit Trusts - they pay high rates (higher than T-Bills!), agents come to you to open the account (you don't have to leave your house!), you can deposit and withdraw funds online, you can withdraw any amount at any time without loss of interest.

I honestly don't know why private citizens bother with CBK Bills & Bonds...

A few years ago, T-Bills were earning higher than MMFs. I went to CBK to re-activate my CDS acc. Was told I need to open it afresh. Started the whole process (it's very bureaucratic!).
Checked every week for three months and they still hadn't opened it.
By that time T-B rates were no longer high.
Gave up & retained the money in MMF
On the fourth month, CBK sent me an SMS that CDS is open.
Ignored it and moved on!
chiaroscuro
#1166 Posted : Friday, February 01, 2019 8:42:31 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,104
Location: Nairobi
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


Sounds good until you do the numbers...

Doubling your money in 10 years is "just" 7.2% compounded annual return.

Not so lucrative after all!
Angelica _ann
#1167 Posted : Friday, February 01, 2019 9:17:34 AM
Rank: Elder


Joined: 12/7/2012
Posts: 10,796
chiaroscuro wrote:
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


Sounds good until you do the numbers...

Doubling your money in 10 years is "just" 7.2% compounded annual return.

Not so lucrative after all!


Some of us are just happy to live with the money we have and manage it within our means. Triple mara 50%pa 100% plus plus plus doesn't appeal to everybody. More money more problems smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
maka
#1168 Posted : Friday, February 01, 2019 12:17:34 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,170
Location: Nairobi
Angelica _ann wrote:
chiaroscuro wrote:
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


Sounds good until you do the numbers...

Doubling your money in 10 years is "just" 7.2% compounded annual return.

Not so lucrative after all!


Some of us are just happy to live with the money we have and manage it within our means. Triple mara 50%pa 100% plus plus plus doesn't appeal to everybody. More money more problems smile


Kweli... @ibsi if you ever want to offload any paper look for me.... 😊😊
possunt quia posse videntur
Estiko
#1169 Posted : Friday, February 01, 2019 1:31:14 PM
Rank: Hello


Joined: 12/26/2018
Posts: 2
Location: Nairobi
chiaroscuro wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.



Forget these over-glorified govt papers! They are no longer the best place to pack your money. "We" moved to Money Market Unit Trusts - they pay high rates (higher than T-Bills!), agents come to you to open the account (you don't have to leave your house!), you can deposit and withdraw funds online, you can withdraw any amount at any time without loss of interest.

I honestly don't know why private citizens bother with CBK Bills & Bonds...

A few years ago, T-Bills were earning higher than MMFs. I went to CBK to re-activate my CDS acc. Was told I need to open it afresh. Started the whole process (it's very bureaucratic!).
Checked every week for three months and they still hadn't opened it.
By that time T-B rates were no longer high.
Gave up & retained the money in MMF
On the fourth month, CBK sent me an SMS that CDS is open.
Ignored it and moved on!
I bet some of Amana funds are locked due to poor investment decisions(read collapsed Nakumatt commercial paper)
Murenju
#1170 Posted : Saturday, February 02, 2019 2:52:04 PM
Rank: Member


Joined: 7/13/2006
Posts: 94
Location: Nairobi
Estiko wrote:
chiaroscuro wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.



Forget these over-glorified govt papers! They are no longer the best place to pack your money. "We" moved to Money Market Unit Trusts - they pay high rates (higher than T-Bills!), agents come to you to open the account (you don't have to leave your house!), you can deposit and withdraw funds online, you can withdraw any amount at any time without loss of interest.

I honestly don't know why private citizens bother with CBK Bills & Bonds...

A few years ago, T-Bills were earning higher than MMFs. I went to CBK to re-activate my CDS acc. Was told I need to open it afresh. Started the whole process (it's very bureaucratic!).
Checked every week for three months and they still hadn't opened it.
By that time T-B rates were no longer high.
Gave up & retained the money in MMF
On the fourth month, CBK sent me an SMS that CDS is open.
Ignored it and moved on!
I bet some of Amana funds are locked due to poor investment decisions(read collapsed Nakumatt commercial paper)


Ladies and gentlemen of the house, hats - off for Mzee MatataMingi. We are inspired appreciate your long-term view of investing. We hope to read more from you.
Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
MatataMingi
#1171 Posted : Sunday, February 03, 2019 4:56:02 PM
Rank: Member


Joined: 11/17/2009
Posts: 342
Location: Where everyone knows you
Thanks @ Murenju,

The secret to investing success, to me at least, is to DIVERSIFY.
When I first started, my allocations were:
- 20% Shares
- 30% Bonds
- 30% Real Estate
- 20% Emergency fund - in Current / savings accounts

However, as you grow older, your risk profile should change.
You don't have time on your side to ride the ups & downs of NSE.

So, now my portfolio is as follows:

- SHARES:
The shares I bought are still with me over the many years. I don't trade. I bought and held. 90% of my current holdings are in Safaricom, NIC, KCB,SCB, BBK & HFCK. All these shares have performed very well for me, and provided very good dividends.
The other 10% were in Total Oil, Uchumi, NBK, KQ, Kengen & Scan group. These haven't done as well. But I am OK with that.
I have not invested in shares since Safaricom, which was my 3rd. biggest investment after NIC & KCB.
Therefore, currently my share ratio is a LOT lower than 20% as at the start.

BONDS:
At a younger age, I was investing in 10/15 year Bonds, because the return is higher. However, as age catches up, you need to narrow that window to a maximum of 5 years, preferably 2 years. If these are not available, I go for 1 year T Bills.
Overall, I think I still have around 30% in Bonds / Bills.

REAL ESTATE:
This has done reasonably well for me.
I bought a 3 bedroom house in Lavington on half an acre way back in 1978. This was our residence for many years. Over the years we
extended it to more than double the size ( legally )to 2 master en-suite bedrooms, 2 other bedrooms sharing 1 and a half bathrooms. Also replaced the old small kitchen with an American style kitchen with a large breakfast counter. Also a very large pantry.
We also built patios front and back, and built a large banda in the garden for entertainment / parties.
The Estate with 69 houses became a gated community with 24 hour security.
However, after I retired, we bought a beach plot on the North Coast and built our "dream villa"
In the meantime, the house in Lavington has been rented to multinational companies etc.
So I reckon that my real estate invested are about the same as a %

Emergency Funds:
This has increased as a %, mainly because of age. You are more likely to require big money for unforeseen medical expenses.
Plus helping your family in case of need. Also paying the deposit for our children to get their own houses.

So this is my LONG story.
I have provided it in good faith. Hope you find it useful.
I am sure some people won't agree with my strategy. So be it.

Peace & Best wishes from the Beach. I am going to my rooftop bar for a very cold Tusker



maka
#1172 Posted : Monday, February 04, 2019 11:51:54 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,170
Location: Nairobi
MatataMingi wrote:
Thanks @ Murenju,

The secret to investing success, to me at least, is to DIVERSIFY.
When I first started, my allocations were:
- 20% Shares
- 30% Bonds
- 30% Real Estate
- 20% Emergency fund - in Current / savings accounts

However, as you grow older, your risk profile should change.
You don't have time on your side to ride the ups & downs of NSE.

So, now my portfolio is as follows:

- SHARES:
The shares I bought are still with me over the many years. I don't trade. I bought and held. 90% of my current holdings are in Safaricom, NIC, KCB,SCB, BBK & HFCK. All these shares have performed very well for me, and provided very good dividends.
The other 10% were in Total Oil, Uchumi, NBK, KQ, Kengen & Scan group. These haven't done as well. But I am OK with that.
I have not invested in shares since Safaricom, which was my 3rd. biggest investment after NIC & KCB.
Therefore, currently my share ratio is a LOT lower than 20% as at the start.

BONDS:
At a younger age, I was investing in 10/15 year Bonds, because the return is higher. However, as age catches up, you need to narrow that window to a maximum of 5 years, preferably 2 years. If these are not available, I go for 1 year T Bills.
Overall, I think I still have around 30% in Bonds / Bills.

REAL ESTATE:
This has done reasonably well for me.
I bought a 3 bedroom house in Lavington on half an acre way back in 1978. This was our residence for many years. Over the years we
extended it to more than double the size ( legally )to 2 master en-suite bedrooms, 2 other bedrooms sharing 1 and a half bathrooms. Also replaced the old small kitchen with an American style kitchen with a large breakfast counter. Also a very large pantry.
We also built patios front and back, and built a large banda in the garden for entertainment / parties.
The Estate with 69 houses became a gated community with 24 hour security.
However, after I retired, we bought a beach plot on the North Coast and built our "dream villa"
In the meantime, the house in Lavington has been rented to multinational companies etc.
So I reckon that my real estate invested are about the same as a %

Emergency Funds:
This has increased as a %, mainly because of age. You are more likely to require big money for unforeseen medical expenses.
Plus helping your family in case of need. Also paying the deposit for our children to get their own houses.

So this is my LONG story.
I have provided it in good faith. Hope you find it useful.
I am sure some people won't agree with my strategy. So be it.

Peace & Best wishes from the Beach. I am going to my rooftop bar for a very cold Tusker





Good one... 😊😊
possunt quia posse videntur
ibsi
#1173 Posted : Monday, February 04, 2019 3:47:04 PM
Rank: New-farer


Joined: 5/7/2010
Posts: 33
Location: Nairobi
I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile
[/quote]

WB does not do bonds. I agree with him!
[/quote]

Why?
[/quote]

I am addicted to buying any bond whose coupon is 12% and above. I am also reinvesting all the interest earned as soon as the accumulated interest is more that 500k, i.e., I don't invest lesss that 500k.
Trust in God and endure patiently.
ibsi
#1174 Posted : Monday, February 04, 2019 4:48:06 PM
Rank: New-farer


Joined: 5/7/2010
Posts: 33
Location: Nairobi
maka wrote:
Angelica _ann wrote:
chiaroscuro wrote:
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


Sounds good until you do the numbers...

Doubling your money in 10 years is "just" 7.2% compounded annual return.

Not so lucrative after all!


Some of us are just happy to live with the money we have and manage it within our means. Triple mara 50%pa 100% plus plus plus doesn't appeal to everybody. More money more problems smile


Kweli... @ibsi if you ever want to offload any paper look for me.... 😊😊


I am not ready to offload soon. I am beginning my 40s and I will only start offloading when I am 65. And as @matataMingi says, I will reduce the tenure. I may then start buying TBills. If I expire before then, well and good, but I am enjoying my life with full trust of the Almighty.
Trust in God and endure patiently.
ibsi
#1175 Posted : Monday, February 04, 2019 4:59:52 PM
Rank: New-farer


Joined: 5/7/2010
Posts: 33
Location: Nairobi
maka wrote:
MatataMingi wrote:
Thanks @ Murenju,

The secret to investing success, to me at least, is to DIVERSIFY.
When I first started, my allocations were:
- 20% Shares
- 30% Bonds
- 30% Real Estate
- 20% Emergency fund - in Current / savings accounts

However, as you grow older, your risk profile should change.
You don't have time on your side to ride the ups & downs of NSE.

So, now my portfolio is as follows:

- SHARES:
The shares I bought are still with me over the many years. I don't trade. I bought and held. 90% of my current holdings are in Safaricom, NIC, KCB,SCB, BBK & HFCK. All these shares have performed very well for me, and provided very good dividends.
The other 10% were in Total Oil, Uchumi, NBK, KQ, Kengen & Scan group. These haven't done as well. But I am OK with that.
I have not invested in shares since Safaricom, which was my 3rd. biggest investment after NIC & KCB.
Therefore, currently my share ratio is a LOT lower than 20% as at the start.

BONDS:
At a younger age, I was investing in 10/15 year Bonds, because the return is higher. However, as age catches up, you need to narrow that window to a maximum of 5 years, preferably 2 years. If these are not available, I go for 1 year T Bills.
Overall, I think I still have around 30% in Bonds / Bills.

REAL ESTATE:
This has done reasonably well for me.
I bought a 3 bedroom house in Lavington on half an acre way back in 1978. This was our residence for many years. Over the years we
extended it to more than double the size ( legally )to 2 master en-suite bedrooms, 2 other bedrooms sharing 1 and a half bathrooms. Also replaced the old small kitchen with an American style kitchen with a large breakfast counter. Also a very large pantry.
We also built patios front and back, and built a large banda in the garden for entertainment / parties.
The Estate with 69 houses became a gated community with 24 hour security.
However, after I retired, we bought a beach plot on the North Coast and built our "dream villa"
In the meantime, the house in Lavington has been rented to multinational companies etc.
So I reckon that my real estate invested are about the same as a %

Emergency Funds:
This has increased as a %, mainly because of age. You are more likely to require big money for unforeseen medical expenses.
Plus helping your family in case of need. Also paying the deposit for our children to get their own houses.

So this is my LONG story.
I have provided it in good faith. Hope you find it useful.
I am sure some people won't agree with my strategy. So be it.

Peace & Best wishes from the Beach. I am going to my rooftop bar for a very cold Tusker





Good one... 😊😊


Following you closely though you started saving when I was being born.

I have been burnt in NSE though the gains I made are higher than the loss I have, cumulatively. I also tried with BRITAM and Old Mutual, but I realized that those guys are making money for themselves. I realized that if you start small without an ambition of becoming exceedingly rich in a short time, you can live a happy life. Work hard, save, have holidays and cherish your family but avoid being taxed by parents, siblings or relatives and of cause, avoid slay-queens(kings).Laughing out loudly
Trust in God and endure patiently.
Impunity
#1176 Posted : Monday, February 04, 2019 8:28:40 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,143
Location: Masada
ibsi wrote:
maka wrote:
Angelica _ann wrote:
chiaroscuro wrote:
ibsi wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.


I am encouraged by this post. I started investing in CBK way back in 2007 by selling my house in one of the Kenyan cities after realising that pre-and PEV were on the offing. I am just waiting for the redemption of that 1st bond in May. The interest has already surpassed the principal amount and I have been reinvesting the whole interest. There are however other bonds which I have bought all along which have matured and then reinvested. I now have a total of 30 bonds. This thing is becoming addictive.smile


Sounds good until you do the numbers...

Doubling your money in 10 years is "just" 7.2% compounded annual return.

Not so lucrative after all!


Some of us are just happy to live with the money we have and manage it within our means. Triple mara 50%pa 100% plus plus plus doesn't appeal to everybody. More money more problems smile


Kweli... @ibsi if you ever want to offload any paper look for me.... 😊😊


I am not ready to offload soon. I am beginning my 40s and I will only start offloading when I am 65. And as @matataMingi says, I will reduce the tenure. I may then start buying TBills. If I expire before then, well and good, but I am enjoying my life with full trust of the Almighty.


Hapo kwa slay queen ni ngumu sana to avoid.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

maka
#1177 Posted : Thursday, February 07, 2019 9:35:45 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,170
Location: Nairobi
MugundaMan wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.

Mumbradhee,

The billion shilling questions are;

1. Do your envelopes containing your statements and or withholding certificates sometime have shoeprints on them?
2. Are unanswered phonecalls a staple for you at CBK?
3. Does dealing with CBK seem like wrestling a stone age Tyrannosaurus?

If your answer is yep yep yep to any or all, then please stand in line with the rest of us in the CBK complaint queue where NOTHING about the above has been resolved over the past 20 years!

The only thing CBK does well is deposit payments in account pap on time on the dot every single time. Hakuna kengine.






Visit?

Submit?

What is wrong with hawa watu....? 😠😠😠😠
possunt quia posse videntur
AndyC
#1178 Posted : Friday, February 08, 2019 10:40:52 AM
Rank: Member


Joined: 4/21/2015
Posts: 112
maka wrote:
MugundaMan wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.

Mumbradhee,

The billion shilling questions are;

1. Do your envelopes containing your statements and or withholding certificates sometime have shoeprints on them?
2. Are unanswered phonecalls a staple for you at CBK?
3. Does dealing with CBK seem like wrestling a stone age Tyrannosaurus?

If your answer is yep yep yep to any or all, then please stand in line with the rest of us in the CBK complaint queue where NOTHING about the above has been resolved over the past 20 years!

The only thing CBK does well is deposit payments in account pap on time on the dot every single time. Hakuna kengine.






Visit?

Submit?

What is wrong with hawa watu....? 😠😠😠😠


The way i see it: The earlier I do it the better, alternatively, I could get angry and still do it.
iris
#1179 Posted : Friday, February 08, 2019 1:39:48 PM
Rank: Member


Joined: 9/11/2014
Posts: 220
Location: Nairobi
AndyC wrote:
maka wrote:
MugundaMan wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.

Mumbradhee,

The billion shilling questions are;

1. Do your envelopes containing your statements and or withholding certificates sometime have shoeprints on them?
2. Are unanswered phonecalls a staple for you at CBK?
3. Does dealing with CBK seem like wrestling a stone age Tyrannosaurus?

If your answer is yep yep yep to any or all, then please stand in line with the rest of us in the CBK complaint queue where NOTHING about the above has been resolved over the past 20 years!

The only thing CBK does well is deposit payments in account pap on time on the dot every single time. Hakuna kengine.






Visit?

Submit?

What is wrong with hawa watu....? 😠😠😠😠


The way i see it: The earlier I do it the better, alternatively, I could get angry and still do it.


@AndyC, your view is a key reason why only God will help us Kenyans to reverse direction and force change for the better. Getting angry is a better reaction than unquestioningly doing it fast. Also getting angry is not mutually exclusive with doing it earlier..
AndyC
#1180 Posted : Friday, February 08, 2019 1:55:13 PM
Rank: Member


Joined: 4/21/2015
Posts: 112
iris wrote:
AndyC wrote:
maka wrote:
MugundaMan wrote:
MatataMingi wrote:
Thanks @ Angelica_ann & Maka, for your input.
My BIGGEST problem if the inefficiency of CBK.
I have been investing in Bonds since 1975.
I was living in Nairobi and my office was very close to CBK.
However, I retired in 2005.
To get out of the hassle of living in Nairobi, with no job, I moved the the North Coast near Kilifi.
Therefore, every time, I need to rollover a maturing Bond/ Bill, or buy a new one, I need to travel all the way to Mombasa CBD, about 60Kms. The Mombasa CBD is worse than Nairobi in terms of traffic and general drivers - with hundreds of Boda Bodas and Tuk Tuks.
Therefore I prefer bonds - specially 2 years.
The reason? I am 71 years old, and will only invest in short term Bonds.
My questions:
- Why can't CBK make it easier for regular investors to put their bids online.
- Why can't I have have online access to my account. I currently have about 15 Bonds & Bills.
- I can't even request a statement online or by phone. I have to fill a form and deliver it to CBK.

I can do ALL the above and more online on my SCB & I & M accounts.

Rant over.

Mumbradhee,

The billion shilling questions are;

1. Do your envelopes containing your statements and or withholding certificates sometime have shoeprints on them?
2. Are unanswered phonecalls a staple for you at CBK?
3. Does dealing with CBK seem like wrestling a stone age Tyrannosaurus?

If your answer is yep yep yep to any or all, then please stand in line with the rest of us in the CBK complaint queue where NOTHING about the above has been resolved over the past 20 years!

The only thing CBK does well is deposit payments in account pap on time on the dot every single time. Hakuna kengine.






Visit?

Submit?

What is wrong with hawa watu....? 😠😠😠😠


The way i see it: The earlier I do it the better, alternatively, I could get angry and still do it.


@AndyC, your view is a key reason why only God will help us Kenyans to reverse direction and force change for the better. Getting angry is a better reaction than unquestioningly doing it fast. Also getting angry is not mutually exclusive with doing it earlier..


The form has an e mail indemnity agreement. They are changing. Stop rejecting the change you have been asking for. One angry last trip.... maybe.
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