Since i started watching your videos am really inspired and at the same time you made me open a money market fund account a week ago so far so good it's doing well i appreciate you my brother keep educating us together we say no to poverty 💪💪🙏🙏💓💓
Good Joseph God bless you... honestly when I came across your video at first I wasn't getting anything... I would sleep half way ...but I pushed myself and completed this one... it made me develop a serious interest in growing my finances and I love the simplicity and the details... you are a great teacher... I have started my journey today by opening an MMF account ... thank you
Mr. Good Joseph, I would like to take this chance to say thanks. I have followed your beautiful teaching for quite some time now and I have benefited greatly. I'm South Sudanese who would love to invest in MMF unfortunately, in my country such opportunities aren't available. May you please help me on how I can invest in MMF in Kenya... I never been to Kenya before though. Thanks Mr. Good Joseph.
Good presentation there sir, however,l have a question; Once the interest component has been taxed at 15%,as an investor am l obligated to disclose my investment amount at the time of filing returns and since this interest is deductible monthly when do l do a self assessment of the tax? Thank you
Thanks,but nimechanganyikiwa hapo mwisho. Mmf versues tb.. You've said mmf will earn more coz of compounding,tgen yiu said tbills ni long term yiu will have more. Kindly elaborate coz according to what i got,mmf will give you more.
Bond minimums vary, some will accept minimum 50K, others 100K. The minimum bids acceptable will always be stated in the prospectus for that particular bond, which can be downloaded for free on the CBK website.
@@gladysmuli3148 I have bought into an infrastructure bond when it was reopened at tap sale for 50K. The minimum amounts vary and will always be indicated in the bond's prospectus.
Only the infrastructure bonds are tax-free. Bonds of 9 years and below attract 15% withholding tax, long term bonds of 10+ years are taxed 10%. Edit to update: there is a proposal in this year's finance bill to start taxing infrastructure bonds at 5%, so keep that in mind in case the bill passes.
Thankyou Good Joseph. I need to bless some one with your book, however, I sent message and also emailed you lkie 3 months ago but i did not get any responce. Hoping you will respond this time.
Yes, many companies are now offering dollar funds. Nabo, Sanlam, I&M and Stanbic for a start all have dollar MMFs. Just do your research and ask several firms, they will advise you accordingly since every company has its own rules regarding opening minimums, lock-in periods etc. Do note that returns for dollar funds range on average from 4 to 6 or 7%, so do not expect to earn 14 / 15 / 16% return on a dollar MMF as is the case for funds that invest in Kshs.
Good afternoon joseph.can I open a mmf in a bank or am I supposed to connect with an insurance Which is the best company or insurance to open a mmf Plz advise
