An update about our 2024’s 1 MILLION 🚨 EMERGENCY FUND 🚨CHALLENGE!
•How much have you invested so far?
•If you’d like me to help you set up a Money Market Fund account, use this link to submit your application 👉🏽: bit.ly/InvestSUT
💡 A Money Market Fund is a form of Unit Trust where investors like you and I pool our funds and give it to a professional money manager who invests it on our behalf.
Think of it as yourself, Mary, Alex, James, Carole, Charles, Doreen, John and Edith contributing money to one account and then giving it to a professional money manager to invest it on your behalf. That’s basically what a Money Market Fund is!
💡 The professional fund manager invests the money you put in Money Market Funds (MMFs) in different asset classes.
MMFs predominantly invest in 3 asset classes commonly called Money Market Instruments. These are:
☑️ Commercial paper - issued by corporations to finance their short-term cash flow needs.
☑️ Treasury bills - when the government borrows money from the public.
☑️ Fixed deposits - deposits in commercial banks.
These 3 are short-term investment instruments.
💡 MMFs in Kenya are regulated by the Capital Markets Authority.
💡 Why should you Invest in a Money Market Fund?!
It's a LOW-RISK investment, making it a safe investment for a beginner or anyone who doesn’t want to have sleepless nights thinking about losing their investment.
I guess that includes all of us?
Money Market Funds do not require a lot of money to start. With as low as Kshs 2,500 you can begin your journey to becoming an 🚨emergency fund 🚨millionaire!
💡 How can you get started with the challenge?
☑️ Use this link to submit your application for an MMF account: 👉🏽 bit.ly/InvestSUT
☑️ Decide how much you’ll invest
☑️ I’ll keep you accountable! Send me an email at agatha@thewealthtribe.com and say 'Please add me to your emergency fund accountability list.'
When I help you set up an account, I’ll add your email to my newsletter where I’ll send you reminders to help you stay committed to the millionaire life 🤑
END
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12 сен 2024
