Quick Answer: Which Is The Best Investment In Kenya?

How can I double my money in a year?

The Classic Way—Earning It Slowly The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds.

Just divide 72 by your expected annual rate.

The result is the number of years it will take to double your money..

How do I invest wisely?

Use these 7 simple principles to save and invest money wisely:Start investing as soon as you begin earning. … Use automation to stay disciplined. … Build savings for short-term goals and emergencies. … Invest money to accomplish long-term goals. … Leverage tax-advantaged accounts for faster results.More items…

What is a good salary in Kenya?

A person working in Kenya typically earns around 147,000 KES per month. Salaries range from 37,100 KES (lowest average) to 656,000 KES (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Which is the best share to buy now?

HOT STOCKS – BEST STOCKS TO BUY TODAYComapny nameCREATE DATE/TIMELTP ChgUPL1/16/2020 12:47 PM435.70Sun Pharma.Inds.1/16/2020 12:47 PM506.05Kotak Mah. Bank1/16/2020 12:47 PM1807.85

Which are the best shares to buy in Kenya?

Best shares to buy in Kenya – companies to look out forLimuru tea.Jubilee holdings.Centum investment.Kakuzi.ARM cement.Crown paints.Equity Bank.KCB Bank.More items…•

Which is the best company to buy shares?

(Updated: 14.Nov’20)SLNamePAT (Rs.Cr.)1Muthoot Finance3,473.522Hindustan Oil Explora116.43Nestle India2,072.144TCS30,789.003 more rows

How can I grow my money fast?

4 Simple Ways to Make Your Money Grow FasterTrack your spending, savings, and investments. If you want to gain control of your finances quickly, you need to start with two very important things: build a budget and track your money. … Pay yourself first. … Start a side hustle. … Find a residual income stream.

How can I make 100k in Kenya?

How to Invest 100K in KenyaInvest in Money transfer business. Money transfers hit the country with a bang with almost every Kenyan using MPesa virtually daily. … start a Daycare centre. … Invest in a Sacco. … Invest the 100K in Farming. … Invest in commercial cleaning services. … Selling mitumba or second-hand clothes. … E-Commerce stores.

Which investments have the best returns?

Overview: Best investments in 2020High-yield savings accounts. … Certificates of deposit. … Money market accounts. … Treasury securities. … Government bond funds. … Short-term corporate bond funds. … S&P 500 index funds. … Dividend stock funds.More items…•

How can I make money fast in Kenya?

28 Genius Ways To Make Money Online in KenyaBitcoin trading. … Paxful’s Affiliate Program & Peer Program. … Create a virtual store. … Sell your products on online marketplaces. … Create a blog and run ads on it. … Run niche websites. … Academic writing. … Transcribe audio and video clips.More items…•

Which is the richest company in Kenya?

This has made Safaricom the most profitable company in Kenya with a net worth of over Sh1. 1 trillion. The company made a cool Sh65 billion in the 2018/19 financial period. East African Breweries Limited (EABL) is an alcoholic brewer formerly known as Kenya Breweries Limited (KBL).

What is the safest investment?

A few safe investment options include certificates of deposit (CDs), money market accounts, municipal bonds and Treasury Inflation-Protected Securities (TIPS). That’s because investments like CDs and bank accounts are backed by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

What’s the safest investment with the highest return?

Overview: Best low-risk investments in 2020High-yield savings accounts. While not technically an investment, savings accounts offer a modest return on your money. … Savings bonds. … Certificates of deposit. … Money market funds. … Treasury bills, notes, bonds and TIPS. … Corporate bonds. … Dividend-paying stocks. … Preferred stock.

Where should I invest my money to get good returns in Kenya?

10 investment opportunities in Kenya – How and where you can save and invest moneyCommunity/Collective Savings. … Saving and Deposit Options at Your Bank. … Invest Money in Yourself. … Buy Government or Private Sector Bonds. … Invest in Unit Trusts or Mutual Funds. … Invest in Gold and Silver. … Invest in the Capital Markets via NSE.More items…•

Where can I put my money to earn the most interest?

Open a high-yield savings or checking account. If your bank is paying anywhere near the “average” savings account interest rate, you’re not earning enough. … Join a credit union. … Take advantage of bank welcome bonuse. … Consider a money market account (MMA) … Build a CD ladder. … Invest in a money market mutual fund.

How can I double my money in 2 years?

Here are some best 5 ways to double your money fast.Stock Market. Investments made in the stock market have always given a high rate of returns to people. … Mutual Funds (MFs) … National Savings Certificates. … Corporate Deposits/Non-Convertible Debentures (NCD) … Kisan Vikas Patra (KVP)

How can I make 1000 a day in Kenya?

One can earn in excess of Ksh 1,000 daily if they participate in a number of surveys….To register, pay Ksh999 per month or Ksh499 for two weeks by following these steps:Go to MPESA.Select Lipa Na MPESA.Select Buy Goods and Services.Enter MPESA till number (705909)Enter amount (Ksh999, Ksh499)Enter MPESA pin and send.

How can I invest 50000 in Kenya?

You can invest in Treasury Bonds with Kes 5,000 saved for 10 months. The minimum investment in a Treasury Bond is Kes 50,000. You can put aside your Kes 5,000 in a savings account and when it accumulates to Kes 50,000 you simply go and purchase a Treasury Bond.