Investing with PostBank Uganda, Ltd Consider the following 4 different investment options. 1. Invest $10,000.00 in a certificate of deposit or other fixed savings account at any commercial US bank for 12 months. The current return on investment is about 0.5%. So after 12 months, your $10,000.00 investment will yield a whopping $50.00 (fifty dollars) before taxes. 2. Take the same $10,000.00 today, convert to Uganda shillings (current forex rates are about UG Sh. 2,600.00 for one US $1.00) and invest in a 12 month fixed deposit account at PostBankwith an APR (annual percentage rate) of 10%. After the same 12 months, your $10,000.00 investment will yield a return of $1,000.00 (one thousand dollars) before taxes. 3. Take the same $10,000.00 today, convert to Uganda shillings (at UG Sh. 2,600.00 per US$1.00), invest in a 6-month fixed deposit account at PostBankat 10% APR and reconvert back to dollars (at UG Sh. 2,500 per US $1.00). In 6 months, your $10,000.00 investment will yield about $900.00 (nine hundred dollars) before taxes. Unfortunately, this exact investment strategy is effective only once a year (between the 6 month period July to January). 4. Take the same $10,000.00 today, convert to Uganda shillings (at UG Sh. 2,600.00 per US $1.00) and invest in fixed Uganda Government Treasury Bonds at 12.75% APR for 24 months. After 24 months, your $10,000 investment will yield a return of $2,550.00 (twenty five hundred and fifty dollars) before taxes. Uganda Government Treasury Bills and Bonds can be purchased through PostBank. Please join us for further discussions on banking and investment options with representatives from PostBankduring the Trade and Investments Forum at the upcoming 26th Annual UNAA Convention in San Diego. |
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