INVESTING YOUR MONEY AS AN INVESTMENT CLUB IN ZAMBIA

INVESTING IN A FIXED DEPOSIT

To invest in a fixed deposit, contact a bank, or a financial institution of your choice

and place your money with it. At the end of the fixed period of the investment, you

must go for the money invested, unless you decide to invest for another fixed period.

BUYING SHARES OR BONDS

To buy shares or bonds, contact a stockbroker who will buy the instrument on the

stock exchange, such as the Lusaka Stock Exchange for you. The minimum amount

you can invest in shares or bonds depends on the price of the share or bond you want

to buy and the minimum number of shares that can be transacted.

A stockbroker is an agent licensed to buy and sell shares and bonds on behalf of

investors. A list of licensed stockbrokers is availble at the Securities and Exchange

Commission. The time it takes to get the shares or bonds bought for you and the price

at which you buy the shares or bonds will depend on the conditions on the market.

Shares and bonds that are in a great supply can be purchased easily, while those that

are in great demand may take some time to be purchased.

SELLING YOUR SHARES OR BONDS

To sell your shares or bonds you must contact a stockbroker who will sell them on

the stock exchange for you. Depending on the market, the price you get for the sale of

your shares or bonds may be higher or lower than your purchase price.

How long it takes to get your shares or bonds sold is dependent on the state of the

stock market and the price at which you wish to sell. Shares or bonds that are in great

demand can be easily sold; while shares or bonds that are in great supply may take

some time to be sold.

INVESTING IN MUTUAL FUNDS AND UNIT TRUSTS

To invest in a mutual fund or a unit trust you must contact the manager to the fund

(the fund manager) who stands ready always to sell interests in the mutual fund

or the unit trust to investors. A fund manager is an investment advisor licensed to

manage the assetes of the mutual fund or the unit trust. A list of licensed investment

advisors is available at the Securities and Exchange Commission.

SELLING YOUR INTEREST IN MUTUAL

FUNDS AND UNIT TRUSTS

You can sell your interests in a mutual fund or a unit trust any time to the manager of the

fund who stands ready always to buy your interest and pay you.

You will be a successful investor if you review the information you are given, ask

questions, and make sure you understand the investment you are undertaking.

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ZANAICA is promoted and hosted by Twende, Twende, an on-demand platform and Zambia’s first superapp, that also offers motorcycles (bodabodas) and tricycles (tuktuks), on lease to own, hire purchase model. Twende promotes investment clubs as an initiative to promote savings and investment culture in Zambia. To get free investment club training, do not hesitate to contact us on facebook at https://wa.me/+254103242604, or https://chat.whatsapp.com/HNosGG0OmdWHvXnFHVSLoh or email us at zanaica@twende.store or visit Twende offices at Manda Hill, Plot 271/C.