<\/span><\/h3>\n\n\n\nI always feel that if you haven\u2019t come with a solution, then you are part of the problem. I know three investment schemes in Kenya that have at least secured my kids education. Did someone ask how?<\/p>\n\n\n\n
Members in these three schemes have enjoyed dividends of not less than 18% of their share capital in the last three years.<\/p>\n\n\n\n
If you decided to invest about 1M shillings three years ago, you would have an interest on investment of not less than 540,000\/= by now. Meaning that you can already afford sound primary, secondary and university education for your kids and even afford to take them for December or Easter holidays once in a while. And still have your principle amount intact \u2013 I call that a writer\u2019s pension.<\/p>\n\n\n\n
For a writer, you can be increasing your investments over the high season or at your convenience. There are no monthly instalments. If you decide to die, the dividends will continue coming through and thus feed your family.<\/p>\n\n\n\n
Are you still wondering what choice to make? Stop wondering and start investing. It\u2019s my feeling that even an investment scheme offering 10% dividends on share capital is far much better than the education policies masquerading as the best thing since sliced bread.<\/p>\n\n\n\n
Anyway, I always share my thoughts coz in doing so, I learn more and become wiser. Am reminded that the cemetery is the richest place to find ideas, however it\u2019s the most useless place to seek such advice as the authors cannot utter a word. I know we have policy brokers among us. Instead of calling for my head or insulting me and ending up being barred from the group, just counter my argument and who knows, it might be your chance to get a new client.<\/p>\n\n\n\n
Positive criticisms are always welcome. Members the simple fact is, if you are not planning, then you are planning to fail. You have to make a choice.<\/p>\n\n\n\n
Ni hayo tuu kwa sasa<\/em><\/p>\n\n\n\n<\/span>Here are some feedback from Members<\/span><\/h3>\n\n\n\nKinanu<\/strong><\/em><\/p>\n\n\n\nMy mum gave me the same advice\u2026I agree with u totally<\/p>\n\n\n\n
Dokta Pishmu<\/em><\/strong><\/p>\n\n\n\nAn education cover is business to the insurance company, and a raw deal to the parent\u2026 They hoodwink you with, \u201cafter maturity, we\u2019ll be paying you 50k per year, but you have to pay 5k p.m for the next 14 years\u2026.\u201d 5k is 5k now, how much will 50k be after 14 years??<\/p>\n\n\n\n
Bra bra bra staki kusikia<\/p>\n\n\n\n
Didier<\/em><\/strong><\/p>\n\n\n\nGood piece of advice bro. Insurance companies are out there to make money nothing else<\/p>\n\n\n\n
Jesse<\/strong><\/em><\/p>\n\n\n\nNicely put. Seems I am not the only one that loathes insurance companies after all. Could you please expound on this statement \u201cI know three investment schemes\u2026\u201d Mention at least 2 if you do not mind<\/p>\n\n\n\n
Awino<\/em><\/strong><\/p>\n\n\n\nHow about mutual funds. I heard of one from one of the banks where you invest $1000. The principle attracts some monthly interest. However, in the end you will have 4% interest annually. How about this? wenye experience watuchanue.<\/p>\n\n\n\n
Arnold<\/strong><\/em><\/p>\n\n\n\nNice. I also guess you left out the negative side of shares. Like as an investor, you can\u2019t control how much you receive in terms of dividend, neither is the percentage constant. Again, there is no collateral from the company you invest with. So if it decides to die\u2026 The market keeps fluctuating not forgetting issues of the residual claim.<\/p>\n\n\n\n
Karisma<\/strong><\/em><\/p>\n\n\n\nWhoever thinks having an education policy with this thuggish insurance companies is a good idea is misinformed\u2026\u2026.they take your money, invest in real estate (the likes of garden estate and jacaranda springs), make money out of your hard earned labor and then pray very hard for u to default so that they take 75% of your money. Fanya hivi kaka braza, Ingia sacco. Most well-established saccos give between 8-10% annual return on savings. by the time your child is old enough to go to high school, ull have enough to bank roll his or her education, with interest earned from the sacco, and at the same time respectable credit-worthiness to take loans to finance other business ventures\u2026\u2026.wachana na insurance kaka braza\u2026\u2026.especially hio ya gumbaru. It is a fallacy designed to pull the wool over the eyes of guys stuck in the middle class life\u2026.<\/p>\n\n\n\n
Nyamwange<\/strong><\/em><\/p>\n\n\n\nFirst, I can\u2019t pose like I can advice most you about investment. Even if I was, I think that should be custom made based on your abilities and other considerations.<\/p>\n\n\n\n
But on insurance, I have one specific thing to say. And I will use a medical insurance to demonstrate. If you think in the event you get sick within next one year, and the bill rises anywhere near a million, and you are certain you can\u2019t raise that money, then just take the damn insurance. For education, if you also doubt your life (men who drink and drive, and have kids, this is for you), just also invest in that insurance. In an insurance you are allowed monthly reasonable premiums, you don\u2019t need to have huge capitals. In investment, as Alfa puts it, you need a million plus to secure enough returns for your future kids. Lastly, some of this insurance policies were not designed for us, they are being forced on us. Bye!<\/p>\n\n\n\n
Time to hear from you, Would you choose investing over getting a policy?<\/em><\/strong><\/p>\n \n\t