5 Books that can make you a Better Investor 1. ‘One Up On Wall Street' by Peter Lynch
“Know what you own, and know why you own it”
2. The Richest Man in Babylon by George S. Clason
Pay Yourself First.
Live Within Your Means.
Put Your Money to Work.
Keep Your Money Safe.
Be a Homeowner.
Insure Your Future Income.
Improve Your Skills to Earn More Income
When you define savings as the gap between your ego and your income,you realize why many people with decent incomes save so little
“Good investing is not necessarily about making good decisions. It’s about consistently nt screwing up”
4. “The Intelligent Investor” by Benjamin Graham
Learn the philosophy of “value investing” from renowned investment advisor, Benjamin Graham.
As a stock market staple, this book breaks down the facade of Wall Street and outlines long-term strategies to help you achieve the results you want from your investments. Originally published in 1949, this text is still relevant today and even recommended by Warren Buffett.
5. “The Simple Path to Wealth” by J.L. Collins
“The Simple Path to Wealth” provides a clear way to achieve financial independence. Collins maintains that money is the “single most powerful tool” and shows you exactly how to use it to grow your wealth.
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For Gachora, he seems to be the man that audaciously believes himself into greatness!
On his LinkedIn profile, he states " I have differentiated myself by starting with the end in mind placed against a strong belief that I can model anything.”
Armed with a Degree and a Masters in Electrical Engineering, one would think Gachora would be busy modeling signal processes, network traffic, and data transmission.
And how wrong can one be!
Surprisingly , the man is busy ‘modeling’ in the financial services industry, sitting as Group MD of a leading Tier 1 bank and even more surprisingly, as the chairman of the banks’ lobby, @KenyaBankers ....
He went to Alliance. 😉
“He was at the top of his class for the five years he was in school,”
~ Mr. Khaemba, former Principal of Alliance High School
In form five, John would get a once in a lifetime opportunity to go to America on an exchange program. His school had a program with an American school, and he was chosen based on his academic performance and the teacher's view that if he did not go on this trip, he would never have the opportunity again in his life.....
You may have heard the old proverb, “Shirtsleeves to shirtsleeves in three generations.”
In Japan, the expression goes, “Rice paddies to rice paddies in three generations.”
The Scottish say “The father buys, the son builds, the grandchild sells, and his son begs.”
In China, “Wealth never survives three generations.”
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Imagine you work so hard to build long lasting wealth by dedicating yourself to saving money with a long term approach to investing, only for your third generation to burst your bubble!
Or a man working hard to buy a piece of land, his son building a successful business on that land, but then the grandchild, instead of taking care of the business, sells it off without thinking about the hard work put in!
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The three-generation cycle, otherwise known as Generation Curse or Cycle of Wealth, is a phenomenon where wealth and success accumulated by one generation are lost or squandered by the third generation.
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Passive income refers to the money earned with minimal effort or active involvement on an ongoing basis. It is income generated from assets or investments that require little to no regular maintenance or direct participation.
(Thread) Different corporate actions can impact your investment in different ways. Here are some key points to keep in mind:
1/7 Dividend payouts can increase investment value, but reduced savings for the company may impact future growth prospects. Dividend cuts or omissions can negatively affect investment value & sentiments.
2/7 Bonus Issues: Companies may give shareholders free extra shares through bonus issues. It doesn't change investment value, but increases your ownership stake. Price per share may adjust.
1/4 Banking institutions hold the largest portion of government domestic debt, followed by pension funds, insurance companies, and parastatals. Other investors account for the remaining portion. @CBKKenya
2/4 Between December 31, 2021, and May 12, 2023, the percentage of government domestic debt held by banking institutions decreased from 50.20% to 45.56%.
3/4 During the same period, the percentage of government domestic debt held by insurance companies, parastatals, and pension funds gradually increased.