Giving you financial nuggets daily | Traditional & alternative investments | Wealth management | Pension consultant | Chess aficionado
Joined June 2023
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Harsh Truth: Wealth is built slowly. Consistent SACCO savings, money market funds, blue chip stocks and bonds will always beat betting jackpots.
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MMF yield update!
Don't let idle cash sit in your bank account. Switch to MMFs and earn daily interest with better liquidity than savings accounts.
Open account:
Etica:
clients.eticacap.com/apply?rβ¦
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π’π§ππ§ππ’ππ₯ ππ‘ππ¬π¬ retweeted
Jun 12
Breaking: SpaceX shares open at $150, 11% above the IPO price of $135 on.wsj.com/4opNR7b
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NSE Dividend Watch
Dividend season is a reminder that quality businesses reward patient shareholders. Focus not only on dividend yield, but also on earnings growth, payout sustainability, and future prospects.
Which stock on this list is your favourite dividend payer?
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Check where your MMF ranks in todayβs update!
All rates are quoted net of management fees.
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π’π§ππ§ππ’ππ₯ ππ‘ππ¬π¬ retweeted
Jun 3
Dates to watch for the SpaceX IPO ... SpaceX is expected to:
- Disclose the terms of the listing on Wednesday
- Start formal marketing on June 4th
- Price the IPO on June 11th
- Begin trading under the ticker $SPCX on June 12th
Jun 3
SpaceX aims to raise $75 βbillion in its β IPO βby selling 555.6 million shares βat βa target price βof $135 β per share
SpaceX is expected to
- Disclose the terms of the list on Wednesday
- Start formal marketing on June 4th
- Price the IPO on June 11th
- Begin trading under the ticker $SPCX on June 12th
Looks like we may already be getting a 2x SpaceX ETF on the day of the launch ... Leverage Shares' 2x Long SpaceX ETF will trade under the ticker $SPCH
Disclosure: Leverage Shares is a WOLF Financial Partner. This post is for informational purposes only, not investment advice.
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Dividends are never lost they are either with the company's shares registrar or with the Unclaimed Financial Assets Authority (UFAA). Always update your CDS account, bank details, KRA PIN and phone number to avoid missing your dividends.
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USD Money Market Funds are ideal for investors looking to hedge against Kenyan Shilling depreciation while earning stable dollar-denominated returns.
For account opening:
Etica Capital:
clients.eticacap.com/apply?rβ¦
Kuza:
client.kuza.africa/self_regiβ¦
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MMF yield update!
Don't let idle cash sit in your bank account. Switch to MMFs and earn daily interest with better liquidity than savings accounts.
Open account:
Etica: clients.eticacap.com/apply?rβ¦
Kuza: client.kuza.africa/self_regiβ¦
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Check where your MMF ranks in todayβs update!
All rates are quoted net of management fees.
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Check where your MMF ranks in todayβs update!
All rates are quoted net of management fees.
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Throwback to 2002 when the NSE top 10 looked very different. Some giants disappeared, some reinvented themselves, and a few quietly compounded into legends. Markets change, leadership rotates, but investors who study history usually panic less during the future.
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Nobody finds your contact faster than relatives who hear you are now doing well financially. One promotion and suddenly you are everyone's financial safety net, emergency fund, and school fees plan. Build wealth and boundaries at the same time or your wealth won't last.
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Check where your MMF ranks in todayβs update!
All rates are quoted net of management fees.
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A Quick Snapshot of Recent Corporate MTN coupon rates:
β’ Safaricom: 10.40% (tax-free)
β’ EABL: 11.80% > 10.03% after tax (senior unsecured)
β’ I&M Bank: 12.20% > 10.37% after tax (subordinated)
Is I&M's extra risk of subordination worth 34 basis points over EABL after tax?
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Check where your MMF ranks in todayβs update!
All rates are quoted net of management fees.
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If youβve received your Safaricom interim dividend, remember dividends donβt compound unless you reinvest them.
With prices still relatively low on the Nairobi Securities Exchange, this might be a good time to accumulate and let compounding work over time.
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Remember, fear makes you sell your Nairobi Securities Exchange stocks too early (right before the rebound).
If the fundamentals are intact, donβt panic over a small dip.
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Working for money is survival.
Making money work for you is freedom.
Own businesses.
Own shares.
Own your future.
Start with the NSE. Start small.
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You don't need to prove your success to relatives through overspending. The same people pressuring you for gifts won't help with your January rent.
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