If you are in Uganda you will need to start by choosing the company to get the unit trust in. There is ICEA, Britam, UAP and so many others. Personally I use ICEA and Britam. I can share the email of the customer care team and you send them an email so that they set it up for you. This is the Britam Team email "clientservicesug@britam.com" and this is the ICEA team email "unit-trusts@icealion.com" I hope this will be helpful.
I wish I had seen this channel earlier. Your info is so helpful and I always make budgets that I don't even follow. This will help me a lot. Thanks so much blessings to you dear
So I can only make an estimate. If the unit trust gives an interest of 11% per year then that will be divided by 365 days to get the daily interest. With 2m ugx this is about 600 shillings per day. The interest will increase over time if the money is kept in the account because of compound interest. This means that the interest you earn in January will also gain more interest during February. So the interest in February will be more than the one you earn in January if you still have your initial investment of 2m. That's how I can explain it. I hope it's clear. In case it's not, I can clarify what I haven't explained well.
This is true, sometimes we can feel overwhelmed. Just pick one thing that stresses you and slowly make progress towards it. I also have up and downs as well as overwhelming moments, but we just keep trying different versions to find what works for you.
You can get in touch with a broker that will help you set up the process. I use Dyer and Blair as my broker. They are registered and can guide. This is the person you can send an email to Pheonah@dyerandblair.com . They will help
I really understand the process of sondering capital, I am cheering you on. About which currency to save in,🤔 Personally I save in UGX at the moment. I am sure other people would recommend something else but for now that is now I sonder my capital also
You can get in touch with a broker that will help you set up the process. I use Dyer and Blair as my broker. They are registered and can guide. This is the person you can send an email to Pheonah@dyerandblair.com . They will help
As interest is paid at 14% on a 2yr bond and paid every after 6 month, doest it mean that i will get total interest of 28% in ayr or its 14% pa then you get 7%after 6 month and 7%after another 6months, that my inquiry.thanks
The interest is 14% per year so you get 7% after 6 months. You can choose to get more bonds with the interest after receiving it so that it continues to grow.
Compounding works well when you re-invest the interest from the T-Bolls& T-Bonds. So when you get the interest, you buy more bonds or bills instead of taking it out to spend on other things. As you do this more often it will grow. Thank you for asking this, I will make a video about compounding interest and how to apply it to different forms of investments.
I know it's a daily struggle. It takes time to get used to it, just like learning to ride a bicycle. But with continuous improvement, it is possible to get better. We are all human, and sometimes it doesn't go well. But we try again.
Hello Paul, I recommend going to the bank you use and asking to buy bonds or bills. Personally, I don't directly sell. What I can offer is consultation for further guidance. But if you want to start with bonds, I recommend going to your banker.
Very good content. Good delivery. Being in the same nitch I have realized RU-vid wants us to upload more videos. Try doing 3 videos weekly and see your channel explode. In Kenya 🇰🇪 our Treasury Bills are sold weekly. They're sold at a discount too. When we buy our Treasury Bonds from the secondary market it carries with it the same coupon rate. So you earn the same amount. However in the secondary market you can either buy the paper at a discount or at a premium. Our coupons on bonds are also paid every 182 days. Gladly we don't need to go through investment brokers to buy bonds from the primary market. We can buy at our convenience from our phones.
Thank you for the recommendation, let me try and work towards increasing the videos. I think this will be possible with batch recording. It's really nice that you can buy directly from the phone. Perhaps one time we will be able to get to that point. This means that it is possible to invest across countries. Thank you for sharing.
Well said Gabby. Very relatable 📌. Just like you, my prayer is that I can finally release myself to fly and take those dreams/ideas out of the notebook into reality. “It can only get better” indeed. Thank you for the nuggets 👏
You are welcome. Those dreams can become reality one day at a time. It's so true, we need to keep praying for strength and guidance as we pursue them. You can do it Rachel
Taking out a fixed term insurance policy for a purpose like EduSave... 1) There's a good reason to save (kids fees) 2) There's the fear of losing the benefits if one falls back on installments/savings 3) There's the comfort that if one meets misfortune, the children get the benefits. It's difficult to access this money anyhow so it stays intact as it grows.
Life Insurance for a fixed period is like a loan in *reverse.* Works perfectly to delay gratification. 😊 Thanks Gabriela for setting me up. After 2 years, I'm AMAZED at how much I have put away. Policies should mature about the time children are going to University.
You can make the monthly budget so that you know what you need for basic needs. Then each time you receive money then you can check the budget and plan for it. The important thing is to keep track of your income and expenses. After a few months you can see that on average this is how much I earn and it will guide your planning.
Yes, it is possible to buy shares as a foreigner. You can go to a broker and they open for you an account. Personally I use a company called Dyer and Blair Uganda and they can walk you through the process. These are the contacts from Dyer and Blair Uganda, they will help. +256393265469 and +256770354296(WhatsApp)
