Kenyan workers are investing in real estate and land

By professo

According to a recent report, Kenyan workers are mostly investing in land and real estate for their retirement.

The report was released by financial services provider, Enwealth, Strathmore University, and the Institute of Human Resource Management.

The findings also state that there are less assets in business ventures from Kenyans reaching retirement, from the ages of 51 to 60.

The same group are, however, investing more in financial instruments.

The report argues that these figures demonstrate a need for investment information in financial literacy, aligning asset allocation and risk profiles.

SEE ALSO:

For reviewed age group, the allocation to immovable assets has slightly dropped, but still accounts for 50% of investments.

“An easy-to-remember rule of thumb is that your fixed income allocation should be equal to your age,” the report notes.

“So, if the member is in 20s and 30s, keep no more than 70 per cent in equities and the rest in fixed income assets.”

“Mid-career professionals in their 40s and 50s should have between 50 to 60 per cent in equities, while retirees who need regular income should start reducing their equity exposure to around 30 per cent.”

Share

Featured Articles

Musk’s multibillion hostile Twitter takeover – the timeline

As billionaire entrepreneur Elon Musk buys Twitter for US$44bn, we draw up a timeline, from the buying of shares to the critical tweets and unsolicited bid

Sustainable moves businesses can make to win customers, IBM

With half of consumers saying environmental sustainability is more important today than a year ago, businesses should up their eco action, says IBM report

Banks and consultancies top workplaces to grow career in UK

Financial and professional services firms rank highest in LinkedIn Top 25 best workplaces list – from Barclays, Lloyds and HSBC, to PwC, Deloitte and EY

Top 10 women in technology in Europe

Leadership & Strategy

The value of ESG links sustainability to business returns

Sustainability

Top 10 European football clubs by revenue 2022 – Deloitte

Corporate Finance