i would rather keep my money in dollars, and then invest in a bond from american govenrment. In general we lose 10 percent due to inflation in kenya anyways, so these mmfs are just maintaining inflation, if you have money in dollars this protects against kenyan shilling inflation across time, then if you get another 8 percent from american bonds now you are making money In total you could be making around 30 percent from initial money once converted back to shillings per year... this is basic.
The compounding factor is a game changer. and the low risk against low return, the comfort of the former out weight the worry of the later. Am in this class.
A request please brother joseph, kindly do for me a practical(video) for someone who have invested in MMF and infrastructure bond for 20 yrs whereby mmf is giving 10%after tax and in mmf account is contributing 10000 (ksh)monthly and in infrastructure bond account has invested 1000000(ksh) it is giving 17%p.a for 20yrs to see difference in profit someone can gate
MMF interest is not fixed. It fluctuates everyday every month. See for instance, the bond rates (new auctions) are likely to come down to 12%. Your MMF will also start paying lower interest, because the bills will also be paying lower interest. The IFB on the other hand will continue paying you coupons at 17% even when rates have come down already. Take up the IFB, use the coupons to invest in MMF. When there's another IFB take it up and continue until your money grows.
Nilifungua juzi mmf i dont want to mention it aliniambia hii 100k yako itakuwa inakupa 10k per month,nikarudi mara ya pili she told me the same,kesho naenda kuzitoa niweke kwa sacco walai alinidanganya
Where can i get a legit MMF account? Hii kenya imetufunza mengi. I have a car that I bought thinking that uber business would give me a good return but its actually a waste of time; not forgetting that the vehicle is losing value. I had resolved into selling it and saving the money into a sacco until i heard you explaining that MMF can give me 10% or more interest which is a good idea.
MONTH 1 100 000 × 1.25% = 1 250 interest pm 1 250 x 15% = 187.5 tax 1 250 - 187.5 = 1 062.5 interest added to principle amount and compounded MONTH 2 101 062.5 x 1.25% = 1 262.97 etc etc etc ETA: management fee is calculated pa on principal amount 100 000 x 2% = 2 000 deducted p.a OR (2%/12 × no. of months invested) if you withdraw funds within the year
1. Buy shares. You can buy shares and earn dividend at the end of the year. Average is 13% 2.Deposit in non withdrawable account. You will earn interest. Average is 10%. Remember current account(which u withdraw and deposit) doesn't give u any return
Is low risk.. Your capital is preserve... Not unless bonds and commercial paper aren't available, and this means that the government doesn't exits 😢like may be a coup
This knowledge is very important...if am asked IT IS better I invest in business than invest to MMF. The good thing with mmf is that your money is secured besides it gives low returns. But In business your HIGH RETURNS HIGH RISK that needs one to have a proper knowledge on business that he is investing his money
If we critically examine business operations,there's no way Govt can give 14%-16% interest on bonds and bills knowing there is a business they can do and get higher returns than this. Meaning the businesses will always make less than that monthly,or annually
That's why it's called a low risk investment...the return is low but your money is safe. MMF is good with people in gulf who have idle money in their accounts and can't trust anyone with investing in businesses.
Different mmf have their own to calculate and credit in your account. Some compound daily others monthly.. Others credit your account daily others monthly.. Thus y is good to read product fact sheet b4 investing
@@SimonGesura-xy9el so you would rather risk your cash with this hard economy by starting a business which obvious with 2 million investment you can't get a profit of 50k per month..for me I would rather invest on MMF when I accumulate worth of buying Infrastructure bonds then I will purchase one or I buy Sacco shares
Its really an awesome investment. But with 12% P.a is extremely toooooo LOW. With crypto you can get minimum of 200% in bitcoin per P.a. with other cryptos even 10,000% but they are super risky, you invest what you are okay losing.
Wow today you really have informative videos bro
MMF,today you've shredded it to pieces😮😮😮Great video from and excellent teacher.Regular viewer from South Africa❤❤❤
Hae good miriam
This man opened my eyes 1 year ago, I've invested in Etica and am looking forward to invest on a treasury bond too,May God bless you sir!
How much did you start with in respect to interest
@@FelixOmambi 80,000 a return of 32ksh daily
@@Morara-vg5eq waw,,
Unbelievable daily noooo come on
32 sh ?????
Just as I was thinking about mmf, very helpful 🤝
Wooooooowwwww amazing ❤❤❤🎉🎉🎉 in love with the authenticity
Today, I have learned what my bank has never explained to me concerning the interest my fixed account earns me per annum. Thank you so much
Hello mwalimu....I like your work
Proverbs 13 [NIV]
[ 11] Dishonest money dwindles away,
but he who gathers money little by little makes it grow.
@@andrewkoech6477 I noted that from the book Richest man in babylon.
Then why are these thieves in leadership so stinking rich??
Size of the money and dishonesty do not necessarily link together.
i would rather keep my money in dollars, and then invest in a bond from american govenrment. In general we lose 10 percent due to inflation in kenya anyways, so these mmfs are just maintaining inflation, if you have money in dollars this protects against kenyan shilling inflation across time, then if you get another 8 percent from american bonds now you are making money In total you could be making around 30 percent from initial money once converted back to shillings per year... this is basic.
How about digital investment, how safe is it?@@KAIZORIANEMPIRE
I love your videos/teachings because they are easy to understand - you use easy everyday english, and they come with a touch of humor! ahsante sana!
Asante sana
My year start new with good joseph..good and great idea always..
Thanks for people like coz you enlighten us, am glad you said extreme interest rate is almost a scam. Can’t wait for bonds class
Absolutely lady posh!
Thanks so much umenichanua for real
Be blessed
Thank you I was waiting for this
Good video, thx mwalimu
You always inspire me ,,,,a true definition of hardwork
All the glory to God
The compounding factor is a game changer. and the low risk against low return, the comfort of the former out weight the worry of the later. Am in this class.
I find it hard believing you're actually 11 years old. Your dad is a great man for instilling this in you at such a tender age.
Good to have you here
Back again to rewatch just in case I missed anything.
Na nmeskia jogoo behind there,nataka supu😂
Amen 🎉God bless you and thank you for acknowledging its by Grace of God
Amen. Glory to him
A request please brother joseph, kindly do for me a practical(video) for someone who have invested in MMF and infrastructure bond for 20 yrs whereby mmf is giving 10%after tax and in mmf account is contributing 10000 (ksh)monthly and in infrastructure bond account has invested 1000000(ksh) it is giving 17%p.a for 20yrs to see difference in profit someone can gate
Kindly I am requesting from you good joseph
MMF interest is not fixed. It fluctuates everyday every month.
See for instance, the bond rates (new auctions) are likely to come down to 12%. Your MMF will also start paying lower interest, because the bills will also be paying lower interest.
The IFB on the other hand will continue paying you coupons at 17% even when rates have come down already.
Take up the IFB, use the coupons to invest in MMF. When there's another IFB take it up and continue until your money grows.
@wealthwise247 where can I get genuine MMF account
That's a very good and mature question. Will make video on that
Thanks brother for answering my question today, I am happy and God bless you and give you more
Now I understand you clear my teacher
Good Joseph is very smart 😄, you must be coming from Nyanza
@@kennedyochieng6348 hahaha. Wewe nakuona sana
Fantastic and elaborate informative good Joseph
Thanks very informative. I keep learning from you videos much appreciated.
Remember, the second month, the interest will be more onwards due to the compounding effect.
The sweetest feeling
Money is compounded annually not monthly, there would be no month to month compounding
@@ounaogot
It's compounded monthly check the video minute 12
Me i cannot recommend anybody on this mmf,saccos or Bonds are much better,my opinion
@francismusyoka2590 read what you have written
Good Joseph you are a genius
Keep up the good work sir.
Am enlightened thank you Good Joseph 👍
Thanks alot for sharing with us, very important information, hope one day to invest in it.
I'm glad you did this video. It has enlightened me!
Speak as you always speak. People should rewatch.
Good point right there
I think bado hii iko sawa
Good information.thankyou
Nilifungua juzi mmf i dont want to mention it aliniambia hii 100k yako itakuwa inakupa 10k per month,nikarudi mara ya pili she told me the same,kesho naenda kuzitoa niweke kwa sacco walai alinidanganya
Talk about infrastructure bonds from both commercial banks and Central bank way,kindly talk about it Joseph
Thank you for asking this question
@@brayookello it's a good investment to earn passive income
I have uploaded the video. Check out
Good information good josep❤
it is worth it, how i wish all adults could embrace it.
Every time I watch your video really get one step forward ❤
Thank you very much
Where can i get a legit MMF account? Hii kenya imetufunza mengi.
I have a car that I bought thinking that uber business would give me a good return but its actually a waste of time; not forgetting that the vehicle is losing value. I had resolved into selling it and saving the money into a sacco until i heard you explaining that MMF can give me 10% or more interest which is a good idea.
Faulu recently launched one that offers 16%
You can also check out Enwealth, ICEA or Britam rates and select one that works for you
Quest pinnacle investment ventures Ltd
I am a member and it's doing well
MONTH 1
100 000 × 1.25% = 1 250 interest pm
1 250 x 15% = 187.5 tax
1 250 - 187.5 = 1 062.5 interest added to principle amount and compounded
MONTH 2
101 062.5 x 1.25% = 1 262.97
etc etc etc
ETA: management fee is calculated pa on principal amount
100 000 x 2% = 2 000 deducted p.a OR (2%/12 × no. of months invested) if you withdraw funds within the year
@@msylvini management fees is on the principal
@@MercylineNelimano on interest
@@MercylineNelima thanks for highlighting that!
@recordbreakers1655 it's 2%p.a..its 2k when you invest 100k and the interest is more than that..,some mmfs have management fees below 2%
@recordbreakers1655 2k per annum! Without compounding on a monthly basis, interest works out to 12k per annum.
Thank you. I'm learning so much in my old age. I'm so much wiser.
Me too my fellow agemate.
Very informative
I'm proud of you brother.... getting 60 bob per in etica mmf is really nice to me... thanks sir
How much have you invested in your mmf
How can one invest in a sacco
1. Buy shares. You can buy shares and earn dividend at the end of the year. Average is 13%
2.Deposit in non withdrawable account. You will earn interest. Average is 10%.
Remember current account(which u withdraw and deposit) doesn't give u any return
Is there MMF in Nigeria,if yes,which one is reliable as a Nigerian to invest in
Am sure there is
True but compound interest
Good information
How can someone get in touch with you.
Kindly do one with Treasury Bills
Take us to the next bills and bonds
Yes 🙏
It's already up. Check it
Good content
Teacher Good Joseph, do you have a video on digital currency investment ?
Educate us on this please. Asante
Thank you to the guy who asked the question
thank you for enlightening us
Greatb deal indeed
God bless You
Hi. Your vedios are so informative, thanks.
How do they calculate the endowment investment, with an example. Thanks
Hey...kindly can you do a video on special funds
Sure
Good Joseph you are sure interests per month
Correction, management fees are not deducted from the interest but total asset under management i.e. principle+interest.
You really speak fast bythe way😂😂 I had not realized it, but I see you're trying
😅
Kenyan inflation is almost 8-10% the math isn't mathing after effective tax rate
I just realized I have been sleeping, am awake and very ready
is it always good to withdraw your interest as you keep investing?
Hello good Joseph, am in Saudi Arabia and am a Ugandan can U be having any idea of MMF in Uganda?
Search in Google mmf in Uganda
Britam uganda also offers mmf u can do research on that
@@bollboy3553 oh wow thanks bro
Thanks Bro umenifunza nmejua mengi
I'm learning
Is there a situation that i can loose my money on mmf?
No way it's like using kcb or mshwari on your phone the different is that mmf you have an interest
Is low risk.. Your capital is preserve... Not unless bonds and commercial paper aren't available, and this means that the government doesn't exits 😢like may be a coup
This knowledge is very important...if am asked IT IS better I invest in business than invest to MMF.
The good thing with mmf is that your money is secured besides it gives low returns.
But In business your HIGH RETURNS HIGH RISK that needs one to have a proper knowledge on business that he is investing his money
Mmf is good instead of banking without any interest
If we critically examine business operations,there's no way Govt can give 14%-16% interest on bonds and bills knowing there is a business they can do and get higher returns than this. Meaning the businesses will always make less than that monthly,or annually
@@franciskamau8164 do you do business?
@@franciskamau8164not really. Businesses can make higher returns or losses all together.
It's withholding tax on interest earned
is DDB legit iin kenya??
Your calculations are wrong. Use the compound interest formula
What is inflation
wacha mchezo.
Very true...in 100k you get 1k monthly.
Hio ni wizi if you invest 100k in business it can give more than 1 k in a month
❤❤❤❤❤❤❤❤
Alright
Niweke 100k mmf wanilipe 1k p.m???? This is madness
😂
Usiweke.
That's why it's called a low risk investment...the return is low but your money is safe.
MMF is good with people in gulf who have idle money in their accounts and can't trust anyone with investing in businesses.
Service fee is deducted monthly.
Some mmf are giving 15%- 16% after deductions
Really
@MungabiFacebook yes
@@wealthcents101 thank you Sir
TRUE
hi Joseph why is that etica deduct 100 from total earnings each an every month
Really?
It doesn't charge since your return is net. Not unless the withdrawing and depositing charges
100k per month you get 1k😂😂😂 ..ata kama ni kutrust the process tukuwe honest.. not worth it
🔥🔥🔥🔥
😂😂 who said you speak very fast, I listen to you with ×1.5 speed
Hahaha
😂😂😂
Iam really truggling, can you be my manager?. My ends are not meeting
How do I open an MMF account in Kenya?
Which is good mmf?. Safe...
Etica
I did not understand anything
I think the interest is calculated daily and compounded monthly
I think so
Different mmf have their own to calculate and credit in your account. Some compound daily others monthly.. Others credit your account daily others monthly.. Thus y is good to read product fact sheet b4 investing
😂😂But still yet you talk fast
Tafuta content ingine tumechoka na hii MMF
Wewe na nani mmechoka? Ukichoka, wacha kunifuata enda uwatch comedy
@@goodjoseph220 na Mimi cijachoka mpaka nielewe kabisa, na usichoke kutusomesha.
Wewe na nani? I need more of this, I need to learn n relearn.
You and who
Gud Joseph....continue educating us.....🎉
Mr Joseph according to today's economy....you cannot invest 100k to recieve 1000 per month too low
This are best idea who keeps their money in bank
@@mercilinewanjala9905 yes I agree with you but not for people who we are trying to grow or growing
Mmf are better cause your money doesn't loose value than in banks account
@@aifelriley but the value they are gaining too low compared to investing them into a business
@@SimonGesura-xy9el so you would rather risk your cash with this hard economy by starting a business which obvious with 2 million investment you can't get a profit of 50k per month..for me I would rather invest on MMF when I accumulate worth of buying Infrastructure bonds then I will purchase one or I buy Sacco shares
CIC sent me 1100
Per year? 😅
Monthly.
Its really an awesome investment. But with 12% P.a is extremely toooooo LOW. With crypto you can get minimum of 200% in bitcoin per P.a. with other cryptos even 10,000% but they are super risky, you invest what you are okay losing.
Lie.
Talking too much
Is mansa x legit
Yes
Mansa x is legit but is a medium risk investment remember that
and the real deal!
But note it's not an mmf
@@wealthcents101Thank you for supporting brother Joseph