I have a special place in my heart for investing and taking care of one’s business. Even if you have moved out of your job, you still need to keep up with good credit practise and also look for investment opportunities in the world.
For me the global economic crisis has just been a good thing. Mind you, I am not rejoicing in people losing their jobs and homes. It’s just that I am discovering some serious investment opportunities are lying around the world. I am not much into US banks since I just don’t trust them and their financial returns. I am looking far and wide.
It’s much like using a box cutter to cut open a package and find what lies inside. For example, I realised that in Africa, there are some good companies that seem to be making good results even with these economic crisis. Can you believe that banks in Kenya are making profits of over 30% over the previous years? More shocking is the fact that they expect the profits to increase in subsequent years.
The stocks and shares especially in the South African Stock exchange and the Nairobi Stock exchange are rather cheap. I just bought a company at $2 that has a dividend yield of 15%. I don’t think I am going to get that in the USA.
Word of warning though, these capital markets are too young and when it comes to regulation and stability, you have to take that with a pinch of salt. However, so far, my investments are not doing so badly.