The Future Millionaire

Financial website that is dedicated to helping people make better investment and financial decisions by providing relevant and easy to understand information

[Hewa App @HewaApp]

Heading to the Coast?

Strong winds, rough seas, high waves, heavy rainfall, and reduced visibility are expected along parts of Kenya’s Coast.

Be careful if you’re planning any offshore activities.

Source: KMA / Kenya Met

[cheruiyotkb @cheruiyotkb]

When you set a figure to invest each month and stay consistent, your money takes off on a journey of its own.

Investing is so liberal that you can pick what you understand better.

⚡Sh 5500 can buy about 300 $COOP shares monthly.

⚡Sh 5000 monthly in an MMF tops Sh 64,000 by December 2025.

⚡Sh 4500 monthly to SACCO deposits and share capital gives better leverage for capital investments.

⚡Sh 5000 monthly can buy fractional shares of your favourite S&P 500 stocks like Alphabet, Amazon, Tesla, etc.

If you can spare Sh 20K monthly, you can do all these and have a diversified portfolio.

Whatever the investment, just keep growing.

[Gichuki Kahome @kahome_steve]

Interesting happenings in our financial markets today.

CBK has cut interest rates by 75bps to 11.25%

On the same day, 91 day T-bill rates dropped to below 11%

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

Important Dates in December:

Dividend Book Closure Date
1⃣ I&M [Ksh 1.30] - 16th Dec 2024.
2⃣East African Portland Cement [Ksh 1.00] - 31st Dec 2024.

Dividend Payment Date
3⃣CIC [Ksh 0.32] - 13th Dec 2024.
4⃣BOC Kenya: [Ksh 6.05] - 18th Dec 2024.
5⃣Carbacid: [Ksh 1.70] - 28th Dec 2024.

6⃣HF Rights Issue Offer Closes: 9th Dec 2024.

[Alex Penunuri @penunurialex]

In 1974, Steve Jobs came to India in search for enlightenment.

7 months later, he returned with a philosophy that would later build Apple into a $1 trillion empire.

Here’s the philosophy: 🧵

[The Future Millionaire @futuremilli_Ke]

@tsimba_ke @KenyaPower_Care @KenyaPower_Care we have no power for the last 24 hours at Afya court katani road syokimau. The other houses outside the court have power

[cheruiyotkb @cheruiyotkb]

An asset #portfolio takes time to construct. But if yours looks like this, you're living the dream.

5% CASH in bank/virtual wallet for every day recurrent expenses, repairs, etc.

15% money market funds and/or SACCO deposits for ready liquidity or credit, besides a foundation and safety margin.

15% GROWTH stocks [ eg. $SCOM $EQTY ] to give you exposure to larger potential share price growth.

15% DIVIDEND stocks [ eg. $BAT $WTK ] to give you growing cash flow and income you don't have to work for.

20% government BONDS to give you fixed income for medium to long term planning.

30% REAL ESTATE for stability and value growth over the long term.

[Moe @moneyacademyKE]

KCB bank stock gained 16% this week as foreign investors returned to the NSE.

[Moe @moneyacademyKE]

How to invest in Treasury Bills (T-Bills)

Here's everything you need to know.

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

If you're looking for regular income, these stocks paid high dividend income to shareholders in FY 2022:

1.Standard Chartered (SCBK)
2.Co-op Bank (COOP)
3.Williamson Tea Kenya (WTK)
4.Kapchorua Tea Kenya (KAPC)
5.I&M Holdings (IMH)
6.Stanbic (SBIC)
7.DTB (DTK)
8.ABSA Kenya (ABSA)

Buy dividend stocks with a high dividend yield above the inflation rate. Download the Dosika App https://t.co/ZpJrqtEGBA to trade local stocks online. @cdsckenya

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

Dear @SafaricomPLC investors, these are the 27 things you need to know about the 2022/23 Financial Years

1/27 The company has paid a total dividend of Ksh 517. 99 billion since listing at the @NSE_PLC in 2008

Its market capitalization as of 12 of May 2023 was Ksh 530.87B
@cdsckenya @mmnjug @Shirley_Sein @omwambaKE

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

Dividend Income investors will receive for the financial year 2022. @AIB_AXYSAfrica

Ksh 200,000 invested in BAT Kenya will earn you dividend income of Ksh 25,482 for the year.

Ksh 200,000 invested in Stanchart will earn you dividend income of Ksh 24,588 for the year.

[cheruiyotkb @cheruiyotkb]

Sh100K in an ordinary bank account earns less than Sh100 per year.

Sh100K invested in a money market fund can earn over Sh8,000 per year.

Sh100K invested in SACCO deposits can earn over Sh11,000 per year.

Sh100K invested in infrastructure bonds can earn over Sh13,900 per year.

[Kenyan Wall Street @kenyanwalstreet]

Safaricom about to disrupt Kenya's Fund Management industry with new Unit trust Fund dubbed Mali. Here is what you need to know

*Free deposits, Withdrawals
*10% annual interest, accrued daily
*Minimum investment KES 100
*Maximum daily transaction KES 150K
*Withdraw anytime
(1/5)

[ephraimnjegafan @ephraimnjegafan]

Sometime back in June, the EABL stock behaved in a very strange way. Its price suddenly started dropping for no reason at all. It dropped to about KShs 110 per share down from over KShs 140. Then suddenly it rose back to over KShs 140. The volumes were also strangely high.
🧵

[Gichuki Kahome @kahome_steve]

Mpesa is expected to split from Safaricom.

Does this mean that Mpesa will exist as a single company that can be listed in the NSE?

Why is the CBK pushing to split Mpesa from Safaricom?

What implications will the split have from a business perspective?

Here's the breakdown👇👇

[Dylan Field @zoink]

THREAD: This morning we’re announcing that @Figma has entered into an agreement to be acquired by @Adobe !

More information here: https://t.co/eqJsSlkShq (1/9)

[The Future Millionaire @futuremilli_Ke]

@genghiscapital Thanks for the update

[The Future Millionaire @futuremilli_Ke]

@genghiscapital We can't seem to access both your mobile and web app. Is there a problem on your end

[The Future Millionaire @futuremilli_Ke]

The Central Bank of Kenya reopens a 15-year bond first sold in April at a 13.94% coupon rate and a 10-year bond sold in May at a coupon rate of 13.49%.

https://t.co/6ALfn5aYiS