Consult stock and asset managers on how to invest

PHOTO | FILE Fund managers, real estate companies and investment banks can help you make a wise decision on where to invest your Sh1m savings.  NATION MEDIA GROUP

In Summary

• It is advisable to invest in an area you are fairly familiar with
• Ultimately, every investor makes a choice with the expectation of making a return assuming all the risks and costs associated with the chosen investment.

Finding the right investment can be a challenge, more so for someone who is based outside the country. Investment decisions and choices require a lot of information to avoid making costly blunders.

Ultimately, every investor makes a choice with the expectation of making a return assuming all the risks and costs associated with the chosen investment.

There is a wide range of investments available but it depends on your preferences. This should be informed by the extent to which you are willing to take risk, since ultimately all investments bear some level of risk.

How much in return do you wish to make from the undertaking?
Some of the investments include, but are not limited to, mutual funds, property, money market instruments, and company shares among others.

It is however advisable to invest in an area you are fairly familiar with, which you can seek advice from those with experience, assuming that you already have rough ideas of what you would like to get yourself into.

A starting point would involve developing your plot into rental units or even commercial apartments, whether as a single unit or several stalls for small-scale business owners.

In your case, an active approach will be very challenging due to the limitations of time and distance, and we therefore recommend a passive investment, which is one that would not require your full time participation.

The options available involve contacting property and stock brokers, investment banks, real estate companies, fund managers, among others.

Another way to invest your money could involve waiting until you come back to Kenya and then engaging in a venture that would require your full-time presence, such as running a business.

Whichever alternative you decide to take, it is advisable to always use formal channels, with proven legitimacy to avoid giving fraudsters a reason to smile.

A rule of thumb is to ensure that any person or company you choose to engage is duly registered and is operating professionally. We hope you find a viable investment soon.