Today’s post is by Owuor Kuyoh, an investment analyst at a local investment bank. He loves to use numbers to tell a story but in this instance he decided to add some words to the numbers. I was about 15 years old, desperately saving to buy a new PlayStation2 when my father told me “Money doesn’t grow on trees! You have to put it to work,…
Read MoreI love land and have invested in it to a small degree, but I hesitate to write about it as an investment option, because my love for it is based more on emotion than fundamentals, but in subsequent posts, I’ll be enumerating rational reasons why I think it’s wise to invest to include small real estate in your…
Read MoreWell, this isn’t exactly jargon, but I thought it would be useful to introduce Warren Buffet to you, since we will be using his wisdom in picking stocks in the Nairobi Stock Exchange. Keep checking the stocks category to see how that goes (though we just got started). Warren Buffetis considered one of 20th Century’s greatest investors, something he started doing at a very early…
Read MoreIn Part 2 of The 50,000 Problem, we came across the term Wealth Statement, and I promised we would look at it in more detail in a future post, so here goes. A personal wealth statement is the total value (in money terms) of your possessions or assets which can be sold off. It is often calculated to gain a perspective on your financial well…
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We are introducing a new section on the blog, Jargon Friday, to appear every Friday (rather obvious isn’ t it?). Jargon Friday aims to simplify some finance and tax terms, and make it easier for a non finance reader to understand our posts, and even more, manage their finances better. In this edition of Jargon Friday, we look at the term: Loan Interest. Definition: Interest is…
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