Easy way to Start Investing in Shares with Ksh. 1,500

Who said that you can’t start building generational wealth with little money? Today, I want to break that myth and let you know that with Ksh. 1500/= or less, you can actually start investing in shares today. All you need is the discipline to start and the commitment to remain consistent, and time will prove you right. So here is the top 10 list of companies trading in the NSE that you can start investing in with Ksh. 1500 or even less.

Before you start investing in shares:

There are a few things you need to know first, so just to give you a brief summary, to start investing in shares, you will need:

• A broker to help you buy the shares. In Kenya, you can start buying online through apps like Dosika and AIB Digitrader. I will leave a link below to this broker to help you start.
• The next thing you need is a CDS account, which you can open online. This is the account that holds your shares. Opening the account is free and can be done online on platforms like Aib Axys online portal.
• Thirdly, you are supposed to buy at least 100 shares per purchase, and the subsequent ones are also in the 100’s; by this, I mean 100, 200, 300, and so on, although there are some arrangements that you can buy fractions of this. By this, I mean that you can buy what’s referred to as odd, such as 50, 175, or whatever number, but this is usually an arrangement the broker can organize. Please note that you will be paying a small fee when buying shares to cover fees and the broker commission.
• Finally, you need to choose the company to invest in. My recommendation is that you consider dividend-earning companies. When choosing a company, ensure that you consider its past performance, but most importantly, look at the future of the company. For example, if you see a company expanding or planning to open more outlets, it means they are gearing towards growth. There are many hints to help you in your consideration. Some brokers, like AIB Axys, do offer advice and send you important information to help you make these decisions.

10 companies to start investing in shares

So back to our top ten list: which companies can you start investing in with Ksh. 1500 or less today? The share prices are as of the time of publishing this post.

1. Umeme is one of the best dividend stocks on the NSE. It has a good history of dividend payments and is in the energy sector, just as the name suggests. The share price at the moment is 13.95, and therefore, to buy your first 100 shares, you will need about 1395/=. Last year, umeme paid 2.2 shilling per share
2. Safaricom. This is one of the most sought-after companies, considering its largest growth and dominance in the telco industry. Currently, the company’s share is selling at a huge bargain, down from the heights of 40+ per share and now trading at 13.70. Their dividends paid 0.62 per share. This means 1500 can buy you your first 100shares
3. NSE is the other option you can invest in. Its current price per share is 5.76, and it paid a dividend of 0.2 per share. This means that with 1500 you can buy over 260 shares
4. Kenya Re is also a consistent dividend stock. Currently, it is trading at 1.8 and they paid a dividend of 0.2. with this company, 1500 will buy you over 800 shares
5. Kengen is also a good consideration. It is currently trading at 2.3 and the dividend paid was 0.3 per share. This means that with 1500 you can buy your first 600+ shares in KenGen
6. Total Energies is also a consistent dividend stock and a good one to consider. Their current price per share is 15.85 and they paid a dividend of 1.31 per share. This means that with a few extra shillings, your 1500 will get you your first 100 shares.
7. Co-operative bank is also a good consideration. Currently trading at 11.55 per share, this company paid investors a dividend of 1.5 per share. With 1500 you can buy your first 100 shares now
8. Absa, previously known as Barclays, is a very good consideration to buy shares and start with. Its share price is 11.40 at the moment, which means 1500 will get you 100 shares, and you will have some change. They paid a dividend of 1.15 per share which is impressive.
9. CIC makes it to the top 10 list, representing other insurance companies. They are currently trading at 2.2 per share, meaning that you can get over 600 shares from your 1500 starting today. They paid a dividend of 0.13 per share.
10. Centum closes our top ten list trading at 8.50, which means that with 1500 you can get almost 200 shares. They paid a dividend of 0.6 per share. They have good growth projections and are quite steady in standing.

Conclusion

Although these are the top 10 affordable shares that earned dividends this year, there are several other options that did not pay dividends but which you can start investing in for as little as 1500 or even less. The likes of Housing Africa, Britam, East African Cables, HFCK, Kenya Power, and Sameer Group, among many others, Some years might pass without dividends, but that doesn’t mean you should run. Remember, investing in shares is a marathon, not a sprint. Do your research before you start investing in shares.