Nkirote Muriungi

Insurance Consultant. Mama Bear. Christ follower. Magnet to a Phoenix I rise.

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

4⃣ Common Causes of Family Wealth Transfer Failures:

1. Lack of communication and trust
2. Inadequate preparation
3. Failure to establish the family mission
4. Poor legal or investment advice

As you accumulate assets, ensure that your children are well-prepared to inherit and value the wealth you leave behind.

[Cynthia Nyamai @CynthiaNyamai]

Smart move @javahouseafrica !

[Donald B Kipkorir @DonaldBKipkorir]

Catherine Jerono Tomno aka NTSA misadvised to sue me!

Have told her lawyers to file suit.

Looking forward to the suit so that we trace where the NTSA fines go to!

[Gichuki Kahome @kahome_steve]

5. What are the disadvantages of MMFs?

- MMFs aren't suitable for long term investments.

- MMFs are very liquid.

Hence for some people this may disadvantage them as the consistent habit of saving and withdrawing their savings may leave them with little or no savings in the long run.

[Gichuki Kahome @kahome_steve]

3. Why is it better to save with a MMF over a Fixed deposit account (FDA)

- In a FDA, you lose interest earned incase you withdraw before maturity.

For MMFs, you can easily access your money any time you want without penalties.

- MMFs generally have higher returns above the inflation rate.

Most FDAs have very low returns below the inflation rate.

- For MMFs, all amounts earn the same interest, for FDAs larger deposits fixed for longer periods earn higher interest rates that smaller deposits.

[Gichuki Kahome @kahome_steve]

2. Why is a MMF the best place to save your money?

- In a MMF, your money earns a decent interest rate that outpaces inflation

- You can still easily access your money within 1-3 days of asking

- You can hardly lose your money in a MMF as funds in a MMF are invested in low risk avenues such as T-bills, T-bonds, Call deposits, fixed deposits.

[Gichuki Kahome @kahome_steve]

Answering the most frequent asked questions about Money Market Funds in Kenya:

1. What's the best use of a Money Market Fund?

A MMF account is the best place to stack your:

- Emergency fund
- Sinking fund
- To save up for any big expense or investment.

[Gichuki Kahome @kahome_steve]

Avoid these money mistakes:

1. Never save your emergency fund in a SACCO

2. Never use your Money market fund for long term investing.

3. Never save money using your banks’ saving or fixed deposit account

4. Never use your Chama as your only savings or investment plan

5. Never borrow money to invest in stocks.

[Gichuki Kahome @kahome_steve]

The market kicked off the new month on a high note today!

With all indices up, the market has started showing signs of recovery.

The NASI broke its streak of 8 consecutive days of losses, closing at 5.03% YTD.

•Top Gainers: Standard Group: +8.00% (6.48)
• Top Losers: TPS EA Serena: -5.63% (15.10)

[Nkirote Muriungi @nkiroamy]

@Ali_Manzu What?? 😲😮

[JESHI LA SIFUNA @Jeshi_LaSifuna]

The Wicked Regime Couldn't Stand Us In Kitengela. They Have Resorted To Gunshots And Teargas. Someone Tell Kasongo The Power Of The People Is Massive And UNSTOPPABLE!!
BABA Hakutufunza Uoga..Tutakanyagana Hadi Utoke Uongozini.

[Gichuki Kahome @kahome_steve]

They did roadshows, paid influencers and bloggers, did paid ads, but the KPC IPO has only attracted a 10% subscription with 4 days left?

Kenyan investors are wiser. They know the sale of an overvalued IPO will only help the investment banks make money from the fees.

[Nkirote Muriungi @nkiroamy]

@ntvkenya What absurdity is Africa living in!!! Dictators want to hold on to power by all means

[NTV Kenya @ntvkenya]

Uganda suspends internet access and outbound roaming network services to neighbouring countries during the electoral period

[The Standard Digital @StandardKenya]

Alliance Girls teachers lead celebrations after the school posts a 100 per cent university transition rate in KCSE 2025. Video by Kimaku Chege

[SokoAnalyst @SokoAnalyst]

Over 1.5M SMEs have been put on Special Table or Have received Agency Notice from KRA. I have seen hundreds of messages asking how do we go about it. This is my advice:

1. Do not be afraid of @KRACare , it’s managed by people and they listen.

2. Do not be lied to, to bribe anyone or try to cut short cuts. @KRACare is leveraging new tech and Ai so it’s pointless trying to cut short cuts or bribes because that tax must be paid and will be paid.

3. Go to @KRACare and talk to your account manager and agree on a payment plan and go back to running your business. They will agree.

4. Maintain active engagement with your account because it’s through this that you will get the help you need.

These are my comments. What’s your take;

We should shun corruption and the idea of trying to corrupt government officials.

[Nkirote Muriungi @nkiroamy]

@Wisdom_HQ 7

[Gichuki Kahome @kahome_steve]

https://t.co/L5RKb4yFwK

[Edwin Sifuna @edwinsifuna]

The health facilities in Nairobi have been banking with Cooperative Bank, a tier one Bank with a solid history and reputation. How you wake up one day and direct all of them to move to a tier 3 bank cannot be explained any other way than that corruption is at play.

[Nkirote Muriungi @nkiroamy]

#ScarstoStars Session2

@KenyaNetworkofCancerOrganizations