Wednesday, 05 August 2009

To Invest or Not to Invest All?

I've been thinking of putting some or all of my money in Uganda. Unfortunately, the political risk may be quite high though UG has been generally stable over the past 23 years of Museveni, if you ignore the northern region (which most people have, IMO).

The fact that there is an election in 2011 puts everything in a different perspective. There's already some talk of some tribes being at risk , and possible violence during the elections. Land, too is an issue. Call me pessimistic, but I can't ignore what happened in Zimbabwe, Kenya and xenophobic South Africa. I've to imagine the worst case scenario, even as I plan and hope for the best outcome. Yesterday, the Vice President's team survived a mob while trying to evict people from some land

I'm not about to close my 401 (K) account-not that I've that much saved, anyway- and invest it all here. Portions of my salary, maybe.

9 comments:

Ssembonge said...

Uganda is probably 'safer' than Kenya seeing that we have not heard about rogue brokers. Have you also considered the currency risk?

Cee said...

Investment is always a risk regardless of where you are in the world, if it's not tribal clashes (developping countries) then it's the crash of the world economy (the developped can't go down alone)....Investement money should be money you will easily lose or double (remember Abunwasi and the pots that could give birth then die?) without having your pockets suffering or you starving.

PKW said...

Thanks, guy and gal. Ssem, yes, that's been taken into consideration

MainaT said...

Put your money where you can see it...

DYOR

tumwijuke said...

Invest.

The tribal hooha is totally exaggerated.

You could invest the money in me. I'm a good return on any investment ;-)

Happy belated whatnot. The 30s are great!

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