Which is currently the best MMF to invest in? Currently do we have foreign MMF,[ like countries with strong economies, such as Germany, US,Japan?] Why? The Kenyan economy seems to be on a downward trajectory, unpredictable due to poor government policies ...Advice
Very good work, one or 2 question Why split money after realising the 3 month expenses goal? Why not just focus and complete the 6 months expenses savings? Why 3-6 months worth of expenses? My take is that the 3-6 months is an American model that factors in the time needed to get another job, here one can take years so the emergency fund in kenya should be pegged at 1-3 years. Or I'm just too much 😂
Splitting allows those with limited disposable income to be able to release some of it to go for other goals as well imagine someone with a very tight disposable income and they have to raise an emergency fund that will take them 5 years to achieve, how long will they wait to also make progress on other goals..however the splitting doesn't have to be 50-50 just find a balance. Then I think on the African angle, we need at least a year..more should be highly encouraged enyewe huku getting another reliable source once you lose one, ni an uphill task. But what we can't substitute ni the fact that hii emergency fund is critical by all means
Thenx Brian!!....I love this...da kindergarten of investing.....im learning....im growing....im hopeful....one day rich will b my other title....😊
Amen amen amen...
You're welcome Josephine and I'm here to cheer you on as we walk together 🙏🏽🙏🏽
Good contents always,keep on Good work
Thank you so much Joseph
🙏🏽🙏🏽🙏🏽
Which MMF company would you recommend one to invest in please?
Amazing 👏
Hey Terry, thank you 🙏🏽
I am new here .....Am learning.... have been real estate, and land ....now am learning
Glad to hear this bro..and so good to have you
Whats better ? MMF in US Dollars or Kenya Shillings?
Shukran.
Karibu sana 🙏🏽
Hello, which website or channels do you use to know how money market fund perform weekly, monthly or yearly
You can use MoneyVersations for that 🤗
Anyway, the dailies and the companies themselves do offer this data as well
Thanks
Which is currently the best MMF to invest in? Currently do we have foreign MMF,[ like countries with strong economies, such as Germany, US,Japan?] Why? The Kenyan economy seems to be on a downward trajectory, unpredictable due to poor government policies ...Advice
Prioritise that's the key word,saf sana yobra
💯💯💯 prioritize is the word to underline
Shukran Josh 🙏🏽
Very good work, one or 2 question
Why split money after realising the 3 month expenses goal?
Why not just focus and complete the 6 months expenses savings?
Why 3-6 months worth of expenses?
My take is that the 3-6 months is an American model that factors in the time needed to get another job, here one can take years so the emergency fund in kenya should be pegged at 1-3 years. Or I'm just too much 😂
Splitting allows those with limited disposable income to be able to release some of it to go for other goals as well imagine someone with a very tight disposable income and they have to raise an emergency fund that will take them 5 years to achieve, how long will they wait to also make progress on other goals..however the splitting doesn't have to be 50-50 just find a balance. Then I think on the African angle, we need at least a year..more should be highly encouraged enyewe huku getting another reliable source once you lose one, ni an uphill task. But what we can't substitute ni the fact that hii emergency fund is critical by all means
I think one year worth of daily expenses of Emergency fund is good. And off course in a MMF
💯💯💯
That would be super great