57 years of friendship and a commitment to provide the very best financial services
We are your trusted friend who goes beyond the provision of financial solutions. At the heart of our mission is to ensure your overall financial wellbeing.
Start your financial journey with us today!
Our accounts are designed to give you a helping hand to ensure you plan smarter and live better and provide you with the best financial solutions.
Let your money work for you!
We help you plan for your short and medium-term commitments as well as emergencies. Saving money helps you achieve your goal.
Be smart with your money. Save, invest and grow.
Invest and co-own a growing financial institution. Secure your future through regular savings and investments.
Property
BUSINESS
Personal
Agricultural
General
Property & Asset
Motor Insurance
Agricultural
Other Services
All the updates on Amica
Everything you need to know about Amica
Important Factors to Consider When Making an Investment
Welcome on-board fellow investors. Kudos to you for making strides towards your financial freedom.
Below are factors to consider when making investments;
- Budget
An investor’s budget refers to the investor’s total capital, less the unexpected costs. Therefore, it would be best always to plan and budget for all incidental expenses, savings, emergency funds, and lastly, allocate the spare money to investments.
- Inflation Rate
Inflation is the weakening of the purchasing power caused by the rise of the prices of goods and services, which later causes a decrease in the value of money in the market. Inflation rates are typically calculated annually to assess the rise of the average price of goods and services. Inflation could positively affect some investment areas, such as shares and property. The reason being properties’ values can increase as inflation increases, making this a good investment plan. Always ensure that your return on investment is higher than the inflation rate.
- Prior planning for investment.
Research for safe possible investment opportunities with a good return history is a significant first step to investment planning. Some investments may have low rates of returns but are pretty safer than those with higher gains.
- Spread your Investments
Another great tip is to diversify your investments to help minimize risk.
For instance, you can invest cash in Investment accounts like a fixed deposit account, invest in Unit trust, and at the same time start Poultry farming.
- Investment term.
The time allocated for an investment to grow to its maximum capacity can significantly impact investment return. Investments can be short-term, long term and medium-term. Long-term investments are known to generate high profits and returns.
- Cost-benefit analysis
Weigh the reward expected against the total costs, including anticipated risks. Ordinarily, high-risk ventures give the highest returns; take calculated risks. Calculate all costs related to the investment and make projections of anticipated returns. Go for investments whose rewards outweigh the costs.
With extensive research, understanding the market economy, assessing your financial capabilities, and planning, you can make wise investments for your hard-earned money.
For more information on investment products,
The latest news from Amica Savings & Credit
Thank you for your email.
We will get back to you shortly.
Borrow
Contact Us
Branches
Telephone: +254 729 333 444/ 0111 026 100
SMS Code: 20298
Email: hello@amicacs.co.ke
© 2024 Amica Savings & Credit Limited. All Rights Reserved.