Cytonn, Zimele, Nabo Africa, Apollo, and Sanlam fund managers stood out in January 2022, posting the top 5 Money Market Fund rates in Kenya. Below is more on the rates posted by the fund managers, what you need to start investing with each of them, and features that make each fund manager unique. 1. Cytonn…
Money and wealth are crucial in our financial freedom journey. The way we measure our abundance of valuable possessions is as important as the sanity of our minds and the beating of our hearts. Money gives us the tools for our next move as we drive towards wealth. Looking for inspiration as you build your…
During the month of September, the following fund managers stood out posting the top 5 money market fund rates as of 30th September 2021. Cytonn Money Market Fund Cytonn has consistently remained at the top of the money market funding offering an average daily return of 10.12% and an average annual effective rate of 10.65%,…
NO. You do not need a million shillings to begin your investment journey. You can start your investment journey with a million shillings, but you can also start your investment journey with as little as Kshs. 100 and grow to a million. The trick is to start where you are, with what you have. Different investment platforms…
Risk comes from not knowing what you are doing. Warren Buffet Most of us are commonly attracted to investments that offer high returns and, more often than not, we focus on the return and forget to assess the risks involved with that particular investment. Risk (or return trade-off) is “the ability to sleep well at…
n a simplified way, budgeting is the act of tracking your finances so you don’t spend too much or too little. Unlike what you might believe, budgeting isn’t all about restricting what you spend money on and cutting out all the fun in your life.
When selecting a money market fund (MMF) one needs to ask questions that address the following: The rate of interest MMF earns interest daily and it is compounded and annualised. The rate of interest is known as daily yield and effective annual yield. The daily yield is the daily interest which is computed on the…
A decision to Invest has to be fueled by hunger, determination, a well-worked out plan and a goal which is primarily to reap returns. Here’s how to get started on your investment journey.
Britam joined the top 5 funds based on average yield postings for the month of December, edging out Madison Money Market Fund.
If you are anything like the rest of us, you’re probably wondering why you should bother saving for your retirement when there are so many other good things to spend the money on now.