Wabwire Keith Enoch™

A servant of Christ | 🇺🇬 Ugandan | Author - The Pursuit of Excellence |Tech Enthusiast| Internaut

[Wabwire Keith Enoch™ @WabwireKeith]

#bioupdated #AfricanAuthor #harvest21

[CeCe Winans @cecewinans]

I turn 60 today! And I'm celebrating the Goodness of God 🙌🏽 I'm grateful my life is filled with peace, love and laughter! Thank you Jesus! And thank you all for celebrating with me. Love you ❤️

[Holy Bible @Holy__Bible1]

“The tongue has the power of life and death.” - Proverbs 18:21

[Holy Bible @Holy__Bible1]

Believe in the Lord Jesus Christ, and you will be saved. - Acts 16:31

[Wabwire Keith Enoch™ @WabwireKeith]

@Collinzzulu @thevidbot

[Moses Mukisa @mosesmukisa]

“The king establishes the land by justice, But he who receives bribes overthrows it.”
Proverbs 29:4 NKJV

[Gichuki Kahome @kahome_steve]

The life insurance penetration rate in Kenya is a worrying 1.3%

Many people consider life insurance a SCAM, a PRIVILIGE for the RICH or something that only OLD people should consider.

In this thread I answer the Most Frequently Asked Questions about Life Insurance

A Thread🧵

[Minet Uganda @minetuganda]

Embark on a risk-free journey this year by shielding your business from uncertainties. #TandikaNewLife #StartWithMinet #SecureTomorrow

[Kakande Alex @KakandeAlex]

The Power of compounding. A Ugx 300K investment path to Ugx 700 Million Nest.

Many of you have asked to compute and show you the path of investment in the Treasury bonds using small amounts like UGX 300K. In this article I show you the incredible power of compounding and staying true to an investment goal for the longest time post.

If you're 25 years old, with the ability to save UGX 300K per month, investing in bonds and committing to this investment for a year could yield great results. This commitment would result in a total investment of UGX 3.6 million in principal. Within the first year, you are expected to earn a minimum of UGX 270K in coupon income.

Yield of the 10-year bond for the last 5 years consistently being above 14% and projected to remain so in the next 10 years. (For the past 10 years, The 10 year bonds have offered coupon rates above 14% and it’s anticipated to continue to be the same for the next 10 years, so this has factored into the projections)

For a Young person, time is your greatest asset to Maximize Investment compounding. Play the Long-term game. So, invest like you will need that Money 20- 30 Years from now, invest like you are investing for your Grand kids.

Furthermore, if you're younger, you still have a substantial amount of time left to make such investments. My advice would be to invest primarily in long-term bonds lasting 10 years or more, offering high coupon rates and only charging 10% Withholding Tax (WHT). (Bonds of 10 years plus offer the highest coupons and charge the lowest tax, thus giving you an opportunity to maximize return. a 14.375% 10 Year bond has 10% tax thus giving u an annual yield of around 12.9%. a 15 year Bond with 16% coupon at 10% tax gives you 14.4% net return)

Alternatively, if you desire more accessible funds (Liquidity and emergency Investment goals), invest in a Unit Trust like the Old Mutual Investment Group Umbrella Trust fund. For the past decade, this fund has yielded an average return to it’s investors of about 11% per annum.

If you dedicated yourself to investing that 300K monthly in the Old Mutual Umbrella Fund, you'd have invested a total of UGX 3.6 million by the first year and would have earned a total of UGX 211K in that same year.

UAP Umbrella Trust Fund has consistently provided an average of 11% since inception.

Assuming you begin your investment journey on your 25th birthday, by the time you're 26, you'll have UGX 3.87 million in the Bond or UGX 3.81 million in a Unit trust.

To build a robust portfolio in treasury bonds, reinvest all the coupon payouts. Likewise, in a Unit trust, avoid withdrawing the funds prematurely. Continuing this investment habit, by your 27th birthday, you'll have UGX 8.2 million in bonds and UGX 8 million in your Old Mutual Umbrella Fund account.

The choice between bonds and Unit Trusts often boils down to your liquidity needs. If liquidity is a critical factor for you, Unit trusts are a superior choice, as you can access your money within 24 hours from most Unit Trust funds in Uganda. Conversely, if your main goal is to maximize returns, you'll be better served by investments in Treasury bonds as those above 10 years might even help you make as high as 14% per annum in returns.

By your 30th birthday, following five years of steady UGX 300K monthly investment, you'll have UGX 25 million in bonds or UGX 23 million in a Unit trust account. It's the starting time to think about diversification, perhaps buying your first piece of land.

Suppose you decide against withdrawing any funds and continue investing past the age of 30. By the time you reach 40, you'll see significant growth in your investment, with close to UGX 150 million in bonds and about UGX 133 million in a Unit trust account. This would bring you an income of over 1 million per month from either investment of Unit Trusts or Treasury Bonds. That’s 1 UGX Million per month in passive income.

When you hit 50, your investment portfolio would be substantial, boasting close to UGX 700 million in bonds and UGX 500 million in a Unit trust, supplemented with a monthly income of about UGX 6 million and UGX 4.5 million, respectively.

This is the power of compounding while Investing in the capital markets; a testament to the astonishing results a disciplined investment approach can yield.

Happy Investing Everyone.
Alex Kakande

[Happy Loy Apio @HappyLoy2]

Happy Easter!

Join us today at WH Kibibi as we celebrate the resurrection of our Lord and saviour Jesus Christ 👑.

#WorshipHarvestGarage

[Wabwire Keith Enoch™ @WabwireKeith]

@TherealUGman @Airtel_Ug @Airtel_Ug over 6 texts sent and no results returned!!! This is not working.

[Ian Rumanyika @irumanyika]

Henry graduates 🎓 , Congratulations @HenrySsuubi. We celebrate you

BSc. In mechanical engineering.

Department of Mechanical Engineering.

CGPA: 4.47. (First Class)

[Wabwire Keith Enoch™ @WabwireKeith]

"We are going to have a good time." - @apmoseskalanzi

@worship_harvest
#Season21
#WorshipHarvest
#DayOfPrayer

[Solome Glory Nantayiro @solome_nants]

I am CHOSEN. ❤️❤️❤️
.
I was cherry-picked by God
I was favored by God
I was preferred by God
I was selected by God
I was elected by God
…before the foundation of the world❤️

[SpurgeonBooks @SpurgeonBooks]

"Whenever God determines to do a great work, he first sets his people to pray."

— Charles Spurgeon

[Minet Uganda @minetuganda]

Happy Independence Day! 🎉

#MinetUG #IndependenceDay #SecureTomorrow #Uganda

[Joshua Pi'Rwot @pirwot]

If you want to live the Ugandan dream, having a certification matters. You will probably get a decent job and live long enough to realize, like many old people I am meeting these days, it wasn’t worth it.

If you want to sit on tables where important decisions shaping people, cultures, economics, etc are made, your certification gets you as far as the door. You must build relationships that get you front row seats.

Even if you got the best job, you will need to create several sources of income to meet the needs of those whose prayers have got you where you are today … and some relatives and people who will never get your kind of opportunities.

In your 20’s learn to follow. Work under someone whose vision you admire. Learn from them how they have hustled through and shaped their vision. This will give you an idea for creating and leading others. Before we have leaders, we have followers.

Learn to take life one day at a time. Even with the most inspiring vision, things get hard sometimes. You must calm down, and move one step at a time.

Prayerfully approach each day. Commit your ways to the Lord and he will make your paths straight.

[Minet Uganda @minetuganda]

We are thrilled to partner with Uganda Senior Golfers Association as official sponsors of the senior golfers tour happening in Tororo.
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#USGATororo2023 #MinetUG #SecureTomorrow

[Minet Uganda @minetuganda]

Your business is unique. So is our approach to your insurance needs. Whatever your line of business, we provide bespoke solutions to match your precise business insurance needs.

Find out more;
[phone] / [phone]
[email protected]

#MinetUG #SecureTomorrow

[Minet Uganda @minetuganda]

Happy 9th Coronation anniversary to the Kyabazinga of Busoga, @KingNadiopeIV
Long live the King!

Risk. Reinsurance. People

#MinetUG #SecureTomorrow