SAM

I am a finance professional with decades of experience and a Fellow of the Kenya Institute of Bankers. As a Fellow, I share my knowledge to fight financial illiteracy and prepare my readers with basic information on financial matters.

Presearch Price Prediction : Interesting Google Alternative

Presearch price prediction questions are increasing by the day as interest grows. Have you ever imagined being paid to browse the internet? The Presearch project aims to disrupt the search engine industry that currently monetizes your usage without paying you. The project is modeled as a decentralized alternative that functions more like a public utility …

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Issuers Of Commercial Papers Guide: 4 Amazing Types

‍ Because of the short-term nature of commercial paper, many issuers of commercial papers find it challenging to meet the restrictive and demanding eligibility criteria set by investors. The failure to meet these criteria can make it hard for companies to issue new commercial papers or refinance existing issues. Issuers of commercial paper must be …

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Protecting Your Home: Important Homeowners Insurance Guide+6 Tips To Saving On Premiums

Inflation is biting and every penny you save will add up eventually. When you buy a home, there are many expenses that come with it. Taxes, mortgage payments, and home maintenance all cost money. If something catastrophic happened to your home, and it needed to be rebuilt, what would happen? The answer is that you …

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30% rent budgeting rule

The 30% Rent Budget Rule: How to Stay in a Place You Love For Less

You might have heard about the 30% rent budget rule that guides the maximum amount you should allocate for that purpose. 70% of your income should be kept available for other expenses, including saving for retirement. Whether you are currently living in a rental or are hoping to find an affordable place, one thing is …

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Central bank digital currency

Central Bank Digital Currency(CBDC): 1st Great Move Towards Transforming Banking

Image Source: Pixaby ‍ Central Bank Digital Currency (CBDC) are basically digital currencies like crypto currencies issued by Central Banks. The advantage they have over cryptos is that they are backed by governments, meaning that they are legal tender. Digital money is nothing new. From PayPal to Apple Pay, there are numerous options for digital …

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Annuity

Annuity Basics: Product You Need To Master And 4 Types Of Annuities

Annuities have long been a misunderstood financial product. The widespread misconception is that annuities are only for the elderly looking to supplement their pensions. However, that is not the case at all. In fact, the younger generation is flocking to annuities as a way to prepare for retirement. This comes as no surprise, considering annuities …

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structured trade finance

Trade Finance and International Trade: Beginner’s Guide For Successful Trading

According to World Trade Organization (WTO) November report, global trade in goods (imports and exports ) stood at $5.6 billion for Q2,2021. It also reports the trade in services stood at $1.5 billion in the same period. These figures were reported when the World was still fighting the Covid-19 Pandemic. According to the Global Trade …

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Money

High Inflation: 5 Investing Opportunities You Should Not Miss Out

Don’t fall into the temptation of not investing during inflation. Inflation is a term that describes an increase in the general level of prices that occurs over time. The Consumer Price Index (CPI) measures changes in prices and provides indications of how inflation affects consumer spending habits. Inflation has been under 2% for most of …

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Trading

Beginner’s Guide to Securities Market:75 Trading Terms You Must Understand

Many people are curious about trading in security assets, and they don’t know where to start. If you are one of these people, worry not! We will go over 75 different terms that you come across in your interactions with the stock market. 1)Regulation The security market requires high public confidence to thrive. Investors need …

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Currency

China International Payment System(CIPS): Ambitious SWIFT alternative

China International Payment System, or CIPS, is a payment system designed by the Chinese government to facilitate cross-border payments. CIPS was developed by China’s central bank, the People’s Bank of China (PBOC), and launched in October 2016. It aims to make cross-border payments faster, cheaper, and more efficient for both businesses and individuals. It is …

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