Dr. Mumo Muinde, Iveti hills, Masaku (2026)

02/09/2026

Why Forex Trade Noise is a BIG Fraud in Kenya!

In one of the popular podcasts, I have heard two self-confessed forex millionaires make fictitious statements to lure gullible people into their camps.

In one case, the acclaimed king of forex said he once made sh.40 million in a day. In another scenario, a very young lad claimed he has been able to buy a sh.29 million house, a Germany machine & live very large in just 5 months into Forex trading.

In the 2nd scenario, assuming this statement is true, it means this young lad spend about sh.45 (assuming the Germany machine cost him sh.17 million). But this are only 2 purchases, to sustain this life-style, they guy may require another sh.20 million, to make a total of sh.65 million income over the 5-month period.

To make this money, it means the lad trades profits of an average of sh.13 million each month or sh.650k per day in each of the forex 20/21 trading days in a month (formal forex markets don't trade over the weekends).

This is why 'hizi ni stori za Jambazi':

1. According to Safaricom's Audited Financial Statements as at March 2026, they paid their CEO a basic salary (gross) of sh.105.4 million, translating to sh.8.78 million per month. So this lad is implying he is making 1.5 times more than the gross salary for Safaricom CEO -a company that generated sh.427.56 billion in 2025-26 financial year;

2. Reliable data for official forex market trading are widely available - the most highly skilled retail traders make an average of $100 to 1,000 (or sh.12,900 to 129,000) per day. But to achieve this, they usually require an account size of $10,000 to 50,000 averaging considerable daily compounding of 0.5% to 2%;

3. Top tier independent/prop-fund traders will make about $2000 to 16000 (or sh.258,000 to 2,064,000) per day. But will need to utilize leverage funded accounts of up to $200,000 and above or private capital with extreme risk control;

4. For majority of forex retail traders, daily earnings are negative -statistically, 70% to 90% of retail forex traders lose money in the long-term due to high leverage, poor risk management & market volatility;

5. More importantly, forex markets are world's most sophisticated markets -if Maths/Physics/Chem/Econometrics/modeling was not your thing (poor or average mind on these subjects), for heavens sake forex markets is not for you -let no one lie to you they'll teach you to make millions.

6. Malaysia does not have formally licensed forex retail brokers (any operations there are illegal) while Dubai has faced a significantly high number of fake retail forex brokers - notice your so called forex mentors association with the 2 destinations!

The bitter TRUTH that no one wants to say is: Forex trading is a market for only ELITE/GENIUSES amongst us. It is out of the league for poor and average minds!

For the noisy lads on TikTok - I hope you've enough money to hire good Lawyers & Tax Consultants when KRA comes knocking -legal or illegal is Taxable!

28/08/2026

No Miracle can Save the Poor in this country!

Multiple data sources indicate that the richest 1% in almost all societies control at least 45% of the wealth available in that society.

In Kenya, recent Oxfam data confirms that the richest 125 people own more wealth than 42.6 million of the population.

Yet, it is a country where scammers have a party after party each day -the script never changes, but there are enough foolish people every time for the scammers to walk away with millions.

A few weeks ago I wrote about QVSE, now withdrawals suspended for a couple of days. With formal investigations ordered by Parliament, anyone who has money there may just count their losses - it ain't coming back!

In classical foolishness, now the same people conned in QVSE are been invited into the new kid in the block called Kore! And they are signing like sheep led for slaughter!

A few days ago, i also wrote about the hyped forex scammers - i have seen videos on TikTok of the so called traders shouting at each other about who scams who and what.....quite an insight!

In one interesting question by one of the guys to the host, that if in deed he was a scammer, why has he managed to remain in the trade for over 3 years?

The answer from one of the self-confessed forex millionaires was classical. He simply asked the host:

Do you know how many foolish Kenyans are out there chasing for easy money?

True, scammers are having a field day because the pool of foolish people who imagine the world offers quick-fix-monies in the country is quite huge.

If you doubt this, why is it only the poor masses who get conned almost always, and then over and over again? I am yet to meet anyone from rich neighborhood getting scammed so easily.

Explain this to me:
1. Why would a grown up, well educated for that matter, sink their entire savings or take a loan to give to a total stranger they've only seen online shouting of their good life?

In any case, why would such an online stranger want to help you, a total stranger to make money when billions of people daily are chasing for the very same money?

For instance, the forex market is a global one accessible to virtually anyone from any corner in the world.

Now a dude with dubious backgrounds wants to convince you that he has found a trick to make soo much money that he can be your savior?

Like serious?

Who bewitched us?

I think the government should pass a law to tax 100% of the scam amount for both the scammers and the scammed.

This way, the government may 'beat' some sense into the heads of the victims of the scams so that we may end scamming in the country for good!

Tragically, majority of those being scammed went to school, some very good schools! It is no wonder people in this country we say 'I have the papers' to mean they have school certificates.

If the madness for free money all over the place is anything to go by, in deed our learning institutions churn out people with papers, not education!

26/08/2026

Forex Traders: Scammers or Legit?

I start with a disclaimer that am not into forex trading at this point in my journey. But it is one of the investment options available to astute investors and wealth builders.

For 3 weeks now, I have quietly followed the hype on TikTok about supposed overnight millionaires from Forex trading.

As is common in Kenya, many are flocking in with urgency to join this easy route to millionaire status -ONLY PREMIUM TEARS ARE GUARANTEED!

Here are my recollections/candid evaluations - I could be wrong, but i want to be proved so;

"The SUPREME law in the world of MONEY is ARBITRAGE - it simply says that it is not possible in any economic or financial system for any single trader to persistently make ABOVE NORMAL PROFITS. Whenever an opportunity to make abnormal profits open, many traders will notice it and would seek to capitalize on it -thus, forces of supply and demand wipe out any such abnormal returns".

From this SUPREME law, we can answer the question of Scammers vs Legit:

1. What is currently trending on TikTok is pure SCAMs - the Forex Market is the world's largest and most efficient market. According to recent data, about US$9.6 trillion is traded daily in this market. The world's finest traders/financial wizards -banks, governments, multi-lateral agencies, fund managers, Investment Banks, Corporate Treasuries and dealers are players.

Now imagine a Rookie in Kenya purporting to beat all these finest brains around the world to pocket thousands of dollars daily?

Leave alone rookie characters - Africa as a continent is an insignificant actor in this market. Kenya as an economy does not exist as far as this market is concerned. Now social media influencers want us to believe they are KINGS in such a market?

2. Real MONEY and WEALTH is never boisterous - why are all these so called master traders playing the same script? Shouting about their cars, houses, land or properties they are developing with forex profits or trips to Dubai or Malaysia?

Isn't this a typical of all past Kenyan scams? There is not even a single so called traders with basic creativity to present their case differently? Just copy pasting each other -including others who are calling others scammers!

3. If you are really making this good money, why call strangers to join and increase competition? It is the desire of every business to build a monopoly to lock-in high profits -why are these people all over inviting others to join in their trade? Why not eat your profits in silence?

4. Money only obeys structures -why is it that only the boisterous persons are the only face of their trades? If business is that good, why haven't they employed tax advisors, accountants or investment advisors to grow their business?

In Kenya today, by the time a person is managing a net worth of at least sh.20 million in legit money -bankers, tax advisors and lawyers will have known you!

K**a mko na ndoo Forex traders......Kiherehere Yote ya Nini? Bona Msikule pesa zenu kwa Amani na Utulivu?

30/07/2026

Is it Time to Declare Financial Illiteracy a National Disaster in Kenya

Kenya has had a fair share of financial scams of monumental proportions that leave premium tears to its victims.

The playbook is always the same, yet people never seem to learn. Currently, there is a craze for so called online stock trading minting thousands of dollars monthly.

I will pick one called QVSE for demonstration purposes - it is sweeping Lower Eastern counties like a spell, mainly targeting rural based professionals like teachers, healthcare workers and county staff.

All Red Flags of a scam are screaming to the heavens, yet hundreds of people are lining to sign-in like sheep been led for slaughter.

1. QVSE full title is Quant Vest Stock Exchange -it is not a licensed stock exchange in America where it purports to trade. It doesn't actually seem to have any operations within America, but only luring people in poor countries in Africa and Asia.

2. It has no structure at all -only a guy listed of Robert Hayes. No board of directors or staff exist. If you google, the first thing you see is that its been flagged in several countries as a scam. Consumer watch bodies & Regulators have categorically called it an unregulated ponzi/pyramid scheme.

3. In Kenya, it is only a mobile contact and WhatsApp groups -you required to pay about sh.65,000 or sh.130,000 to enroll. To earn, you MUST Recruit other people under your name. This is the classical pyramid scheme model. Any body saying they are earning, it is just a commission paid to them for recruiting others, not because of any stock trading anywhere in the world.

4. Any body who collects money from the public for investments/trading is highly regulated and must be licensed in the host country. It is more stringent when such a business crosses to operate in other countries. For instance, Capital Markets Authority (CMA) has already issued a warning to the public about these schemes -why do you think you clever than them?

5. The people marketing these schemes have no background or not known financial experts- mostly it is social media socialists. All they purport to show are clips withdrawing purported dollars online!

6. With all due respect, how can people who have never even seen the doors of Nairobi Securities Exchange, the official Stock market for Kenya, suddenly become too clever to trade stocks in the most advanced and sophisticated financial market in the world -America?

Why would poor people in rural townships and villages of Kenya imagine they can mint dollars in America, that Americans themselves have not been able to identify & mint?

Can someone explain this to me like a 2-year old child?

Here is how to get your copy:

a. WhatsApp+254723584928, Free deliveries to your physical location (in Nairobi) or parcel to your nearest township.

b. Walk into Nuria Bookstores, Bazaar Plaza (formerly TSC building in CBD), 1st Floor, Room 12, Moi Avenue (can also order online).

Your only investment is Sh.1,850

21/07/2026

Financial Foolishness is Extremely Expensive

There is one problem that none of us can cure - the money problems of a person who cannot manage or control their money.

It does not matter what you do, a person who has no control of their finances cannot be helped -it is like pouring water in a termites hole.

The only way out of financial mess is seeking good knowledge and understanding on money and its rules.

For instance, there are some people moving around our rural arears/townships and online recruiting people purporting to be an online investments and stock trading platform promising people huge returns in dollars.

The tragic thing is many people have already signed in and have been tasked to recruit more people to boost their earnings. Professionals like teachers, nurses and other public officials based on rural areas are the biggest target by this scheme.

Can someone explain to me this sort of financial foolishness:

1. Shares all over the world are traded in organized stock markets that are highly regulated and each share belongs a specific company, like say Safaricom, KCB, Absa or StanChart shares at the Nairobi Stock Exchange(NSE) - so which shares are people buying on this purported online stock trading platform?

2. Simply because there is a website and some Mzungu's behind it -does it make it legit for a person of basic education/knowledge to invest in?

3. How do you get your hard earned cash to give it to someone you do not know or cannot even tell where their physical office is?

4. If there is such an easy way to make money, why don't the people behind the scheme keep it for themselves? Who in this world finds easy money anywhere and just like that calls total strangers to share with them?

5. Why are they cajoling people to recruit others into the scheme to boost their earnings?

Not long ago, many people lost millions in similar ponzi/pyramid schemes? Many others have been washed in purported online forex or crypto schemes. What sort of financial illiteracy/foolishness is this that people keep on demonstrating?

Take it from me: If you've put your hard earned cash into this scheme, Kuoshwa mtaoshwa!

Even a simple google search will give you information that the purported company behind it is a fake one -how then do you go ahead and give them your clean money? Why do you think you are suddenly clever than the rest billions of people who work so hard to earn their money?

Proverbs 17:16 & 21:20: "A fool and his money will soon be parted".

Here is how to get your copy:

a. WhatsApp+254723584928, Free deliveries to your physical location (in Nairobi) or parcel to your nearest township.

b. Walk into Nuria Bookstores, Bazaar Plaza (formerly TSC building in CBD), 1st Floor, Room 12, Moi Avenue (can also order online).

Your only investment is Sh.1,850

09/06/2026

Kesho InshaAllah!

09/06/2026

You may think a Book is Useless, But Read it Anyway!

In a video, a popular former Radio queen wondered why we were never taught about the 'Strait of Hormuz' in geography back in primary or secondary school.

This video was in response to the pain on our pockets arising from pump prices associated with this narrow water way connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea. Apparently, approximately 20% of world's petroleum consumption passes through there.

The video implied we got useless education back in our basic education. However, is that true?

I take the devils advocate. If the Kenyan curriculum didn't have geographic features of the Arabian Peninsula back in the 1970s -2000s, so what? It doesn't mean that we didn't get the right education!

Here is the truth that majority of us fail to admit:

1. It is estimated that humanity generates about 402 million terabytes (or 402 quintillion bytes) of information each day from videos, social media uploads or emails). This is massive information!

2. Our human nature was designed to be a life long learning process, including your very final act under the heavens of dying your own death. This learning journey comes in diverse forms -documented literature, own personal or other people's experiences and sometimes animals. That's why scientist do experimental studies or study behaviour of animals for comparatives or to understand part of humanity's behaviour.

3. Books, with the aid of modern technologies help humanity understand stories, lived experiences or conditions of generations gone by, or life through the prism of diverse cultures, religion, environments or across geo-political, economic and social dimensions.

Books also grant us the chance to immortalize our life for generation to come or for others to learn from our own experiences.

So, if we never learnt about the Strait of Hormuz back in the 1980s, that is how it was meant to be. Today, we get to learn about it to understand how the world economy is interconnected and appreciate why trouble in far Arabian Peninsula also means trouble here in our villages and vice versa.

Procrastinating against curricula that failed to teach what knowledge is denial of our individual inherent responsibility to a life of continuous learning up to and including our last breath here under the sun.

So, the next time you think a book is useless or expensive, think about this things.

As they say, the illiterates of the 21st century are not those who did not go to school, but those who went to school but refuse to unlearn and relearn in a fast changing knowledge edge world and digital era, including professors!

Here is how to get your copy:

a. WhatsApp+254723584928, Free deliveries to your physical location (in Nairobi) or parcel to your nearest township.

b. Walk into Nuria Bookstores, Bazaar Plaza (formerly TSC building in CBD), 1st Floor, Room 12, Moi Avenue (can also order online).

Your only investment is Sh.1,850

08/06/2026

Hope is not a Strategy, action pays!

If hope was a strategy to money and wealth, then Kenya & Africa at large would be full of dollar billionaires!

In a recent trip to Kampala (had arrived on Sunday early morning), we passed through a church run by a popular preacher. The taxi driver explained that if we stopped there, as foreigners we would be given preferential treatment.

This is because, people travel from all over Africa to come for prayers there and they get billed in dollars. This is not unusual, even locally people travel to far destinations and pay sacrificially simply because they have heard of certain miracles (real or fake).

The question that eludes the masses seeking this miracle is: why is it that only their charismatic preachers and closest associates seems to prosper while they themselves keep shouting Amen & I receive?

In Scripture, except for manner in the wilderness for the children of Israel, every other God's blessing came through some work/action on the part of the recipient. The manner itself come with very strict instructions -only collect enough for the day!

Yet, millions give away recklessly even the little they've justly earned at the slightest promise of easy money or riches without work. It is this false hope that oils the prosperity gospel, ponzis & many other get rich quick schemes.

Unfortunately, the real world of money rewards only action/effort & discipline over a long period of time -no matter how small that is.

The forces of nature unite to help only those that are working towards something or are in the process of doing something for themselves.

Here is five salient reasons why this is absolutely true:

a) Scripture promises that the Lord will bless the work of our hands - in Deuteronomy 28:12; on the story of Elijah and the window at Zarephath, she'd to prepare some bread for him; Elisha asked the window what she had left in her house -only a jar of oil. She'd to go out and collect as many jars as she could, poor oil into them, sell to pay her debts and feed on the surplus. Why did God's provision of manner rot for anyone who dared collect more than a day's requirements?

b) All creatures ever created have to fend for itself after a certain age -in fact, only humans take care of their offspring longest. Wild animals have to learn the rules of the jungle in order to survive. Only human beings seek short-cuts or assume the world owes them anything.

c) Small actions builds momentum - false hope robes people the spark of getting started. Without taking the first step, nothing really ever gets to happen in this world.

d) Missing the process & lessons - sustaining wealth in the long-term comes from lessons learnt along the way, mistakes that build inner strength & commitment past weary and boring seasons. People only see the money, not the teary nights before the money came!

e) Avoidance of responsibility - hoping for nothing is easiest consolation for those who run away from responsibility!

Here is how to get your copy:

1. WhatsApp+254723584928, Free deliveries to your physical location (in Nairobi) or parcel to your nearest township.

2. Walk into Nuria Bookstores, Bazaar Plaza (formerly TSC building in CBD), 1st Floor, Room 12, Moi Avenue (can also order online).

Your only investment is Sh.1,850 See less

02/06/2026

Wealth vs Poverty Mindsets

I have been off this space for a couple of weeks. I paused to reflect and observe from a distance reactions to my last update on simple 7 wealth paths.

Here are my reflections:

1. The poor and wealthy think differently on money -I had done a simple 41-year compounding strategy assuming a basic treasury risk free rate of 12%. It is amazing how soo many folks thought this was too long a time to wait, yet wealth only grows over time;

2. Majority missed the core of the computations - regardless of the amount one chooses to start with, each computation clearly demonstrated 3 phase of wealth creation;

a) The 8 donkey years - the 1st 8 years of saving you do most of the lifting as you build a capital base. At this stage, your consistent savings do the job with little noticeable growth in your overall money basket,

b) The 4 year transition window - between the 8th -12th years of consistent saving & investing, your compounded interest overtakes your monthly saving rate. At this stage you start noticing some growth on your overall money basket,

c) The compounding miracle - in all the 7 options I computed, the power of compounding takes over from the 12th year. Sustaining the saving and investment discipline, the overall portfolio doubles every 3-4 years. At this stage, it is your money doing the heavy lifting.

3. Many folks could not believe that sh.50,000 or sh.100,000 saved & invested consistently over 41 years will grow to half a billion and over a billion respectively -this speaks to a lack of understanding on the primary concept of wealth creation. It is first conceived in the mind. Once a definite desire exist, you'll not notice even the 41 years poor mindsets imagines is a long time to wait;

4. Lack of disciple -this is the killer of many wealth dreams. If you cannot be disciplined enough to consistently save & invest over a long time period, you cannot experience the mandatory 3 phases above. You must overcome the 8 donkeys years before you experience the miracle of compounding!; and

5. Choices vs passage of time - the poor naively imagine they'll either not live that long to enjoy the fruits of their sweat or they shouldn't suffer now to enjoy later -this misses the fact that in either choice, time will pass anyway!

Life and death is for the maker to decide, not you. In addition, sacrificing a portion of your income to invest & grow does not automatically equal to living low quality life.

Truth is the moment you start and remain disciplined, the forces of the universe unite to support your goals -overall, you'll end up living a more quality life than those who didn't start in the first place.

Here is how to get your copy:
a. WhatsApp+254723584928, Free deliveries to your physical location (in Nairobi) or parcel to your nearest township.

b. Walk into Nuria Bookstores, Bazaar Plaza (formerly TSC building in CBD), 1st Floor, Room 12, Moi Avenue (can also order online).

Your only investment is Sh.1,850

30/03/2026

Wealth Pathways Case 7: Sh.150,000 saved and invested consistently will grow to sh.1,548,256,303.40 billion over 41 years.

Similar to pathway 6, if you are playing in this league and you do not find a way to a billionaire, you are the greatest enemy within yourself!

You do have multiple routes and shorter time pathways to usher you into the club of billionaires. Officially and again based on government household income distribution data, you can easily play in the league of BIG boys and girls in the Country.

Notice:
1. Over this period, your total savings (capital created) will only be sh.73,800,000 million;

2. Interest and compounding would have lifted sh.1, 474,456,303.40 billion for you;

3. Again as with all earlier cases, there will be no need for extra labour or effort over your monthly savings for your money (capital invested) to lift up the 1.5 billion - only money and time doing the lifting.

At this level, your money moves can easily shift financial markets, you can easily play in the private equity market, your money can fund considerable luxuries without depleting anything and of course you can influence economic policies in the country through owning political and bureaucratic elites.

This would be our last pathway in this discussion. If you are beyond this, you can easily afford consultancy fee so that I could assist you in restructuring your portfolio as we explore alternative portfolio balances.

Here now we hear the tale of the numbers!

Dr. Mumo Muinde

02/09/2026

28/08/2026

26/08/2026

30/07/2026

21/07/2026

09/06/2026

09/06/2026

08/06/2026

02/06/2026

30/03/2026

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