How to invest Ksh 100 shillings

ByElizabeth Atieno

Jun 11, 2023
How to invest Ksh 100 shillings

Investing your money can be a daunting task, especially when you don’t have much to start with. But what if we told you that with just Ksh 100 shillings, you can start investing and grow your wealth over time? Yes, that’s right! In this article, we’ll show you how to invest Ksh 100 shillings and make the most out of your investment. Before we dive in, it’s important to note that investing is not a get-rich-quick scheme. It takes time, patience, and discipline to see the fruits of your investment. That being said, let’s get started.

1. Invest in a Savings Account

One of the easiest ways to invest Ksh 100 shillings is to open a savings account. This is a low-risk option that allows you to earn interest on your money while keeping it safe. Most banks offer savings accounts with no minimum deposit, making it easy for you to get started.

To maximize your earnings, look for savings accounts with high-interest rates. You can also consider opening a fixed deposit account, where you deposit your money for a set period of time and earn a higher interest rate.

Also Checkout: Ways to earn 5k daily in Kenya

2. Invest in a Money Market Fund

A money market fund is a type of mutual fund that invests in short-term, low-risk debt securities such as government bonds, treasury bills, and commercial paper. Money market funds are a great option for people who want to invest their money in a low-risk investment with the potential for higher returns than a savings account.

Most money market funds have a minimum investment requirement of Ksh 1,000 shillings or more. However, there are a few funds that allow you to invest as little as Ksh 100 shillings. Do your research and find a fund that suits your needs.

3. Invest in a Stock through Fractional Shares

Investing in stocks can be intimidating, especially when you have limited funds. However, with the emergence of fractional shares, you can now invest in stocks with as little as Ksh 100 shillings.

Fractional shares allow you to buy a portion of a share rather than a whole share. This means that you can invest in high-priced stocks like Amazon or Google with just a few shillings. Fractional shares are available through most online brokers, so do your research and find one that suits your needs.

4. Invest in a Cryptocurrency

Cryptocurrencies like Bitcoin, Ethereum, and Litecoin have gained popularity over the years, and many investors have made a fortune investing in them. While investing in cryptocurrency is considered high-risk, it also has the potential for high rewards.

With just Ksh 100 shillings, you can buy a small fraction of a cryptocurrency and potentially see huge returns in the future. However, it’s important to do thorough research and understand the risks before investing in cryptocurrency.

Final Thoughts

Investing Ksh 100 shillings may not seem like much, but it’s a great start to building wealth over time. Whether you choose to invest in a savings account, money market fund, stock, or cryptocurrency, remember that investing takes time and patience. Start small and aim to grow your investments over time.