Stega Molehe Insights

12/08/2026

Money market fund

A lot of people think investing means buying shares, but that's not always the case.

One investment option that I think more people should understand is a money market unit trust.

In simple terms, a money market unit trust takes money from different investors, puts it together and invests it in short-term investments such as Treasury bills, bank deposits and other short-term debt instruments. These investments earn interest, which becomes the return for the investors.

So, if you have M20,000 sitting in your bank account that you don't need right now, instead of letting it just sit there, you could put it into a money market investment and allow it to earn a return.

I would consider a money market investment when I know I will need the money relatively soon. For example, money for an emergency fund, money I'm saving for a business, school fees, a house deposit, or cash I'm keeping while waiting for a good opportunity to invest in shares.

The biggest advantage is that it is generally less risky and less volatile than investing in shares. You can also earn a return on money that you may not need immediately.

But remember, less risky doesn't mean risk-free. The return can change, fees can reduce what you earn, and depending on the fund, accessing your money may not be as immediate as using your bank account.

For someone in Lesotho, you can access money market investments through local investment companies. For example, Metropolitan Lesotho offers a Money Market Feeder Fund. You can contact them or one of their investment advisers, complete the required application and invest according to the fund's minimum investment and requirements.

The important thing is to first understand what you are investing in, the fees, how you get your money out and what risks you are taking.

I don't see money market as an investment that will make you rich. I see it as a place where money that is waiting to be used can still be working for you.

Not every cent needs to be in shares. Sometimes the best investment decision is simply putting your cash in the right place for the job you need it to do.

05/08/2026

Financial Freedom Starts When Your Money Starts Working Too

Many of us wake up early, go to work every day, and work hard for our salary. There is nothing wrong with that. The problem comes when your salary is your only source of income.

If you stop working today, does your income also stop?

That is the question we should all ask ourselves.

Financial freedom is not about earning the biggest salary. It is about reaching a point where the money you have already saved and invested starts helping you pay your bills. Your investments, business, or other assets begin generating income even when you are at work, sleeping, or spending time with your family.

The reality is that your time is limited. You can only work so many hours in a day. But money that is invested wisely can continue working every single day.

This is why I always encourage working-class people to start investing, even if it is with a small amount. You do not need to be rich to begin. You just need to be consistent.

The earlier you start building assets that generate income, the less pressure you will have to depend on your next paycheck in the future.

Your salary pays for today. Your investments can help pay for tomorrow.

04/08/2026

Every week I want to introduce different types of investments in a way that anyone can understand, even if you don't have a finance background. My goal is to show that investing is not only for accountants, bankers or finance professionals. Today, let's talk about one of the safest investments available: Treasury Bills.

A Treasury Bill is simply you lending your money to the Government for a short period. When that period ends, the Government pays you back your money together with a return. It is a simple investment that doesn't require you to understand the stock market.

The biggest advantage of Treasury Bills is that they are one of the safest investments because they are backed by the Government. They also give you a known return, so you already know what you are likely to receive when your investment matures. If you have money that you won't need for a few months, it can be a better option than leaving it sitting in a bank account earning very little interest.

Like every investment, Treasury Bills also have their downsides. The return is usually lower than what you could earn from investing in good businesses over many years. They are designed to protect your money and give you a steady return, not to make you wealthy overnight. Your money is also committed for the period you choose, so you should only invest money that you won't need immediately.

I believe Treasury Bills are a good investment for someone who is just starting their investment journey, someone saving towards a short-term goal, or an investor who is waiting for the right opportunity to buy shares. Instead of leaving cash doing nothing, you can let it earn a return while you wait.

For us here in Lesotho, Treasury Bills are offered by the Central Bank of Lesotho on behalf of the Government. They are usually auctioned twice a month, and the announcements are published by the Central Bank before each auction. If you have been looking for a low-risk way to start investing, it is worth taking some time to learn about them.

Remember, the best investment is not always the one with the highest return. It is the one that matches your goals, your timeline and the level of risk you are comfortable taking.

Investing is not about getting rich quickly. It is about making smart decisions with the money you have today so that your future self has more choices tomorrow.

28/07/2026

The biggest advantage you have today isn't a high salary, a business, or a perfect investment strategy. It's your age.

Many young people think investing is something they'll do after they buy a car, build a house, or start earning more. By then, they've already lost the most valuable asset they had: time.

Start with what you have. It doesn't have to be a lot. What matters is building the habit and giving compound growth enough time to work for you.
Your future self will never regret starting early—but you may regret waiting.

The best investment you can make in your early ages isn't buying expensive things to impress people. It's buying assets that will one day pay for the life you want.

Your age is your greatest investment advantage. Don't waste it.

19/07/2026

16/07/2026

One lesson that has been changing the way I think about work is this: working hard at your job is important, but working on yourself is even more important.

Many of us spend eight or more hours every day helping someone else's business grow. We meet deadlines, solve problems, and create value for our employers. There is absolutely nothing wrong with that—I am an employee too.

But I often ask myself, what am I building for myself after I leave the office?

Am I learning a new skill?

Am I building a business?

Am I investing for my future?

Or am I simply waiting for my next salary?

As a young investor and someone who is interested in business, I have come to realise that a salary is a great starting point, but it shouldn't be the final destination.

A salary pays today's bills. Investments can help pay tomorrow's bills.

The skills you develop outside your job can open doors to consulting, entrepreneurship, or better career opportunities. The money you invest today can one day generate dividends, interest, rental income, or business profits. These are sources of income that are not limited by the number of hours you work.

This doesn't mean we should neglect our jobs. In fact, we should strive to be excellent employees because our jobs provide the income that allows us to invest and build. But we should also make time to invest in ourselves.

Read books. Learn new skills. Build something of your own. Invest consistently. Develop assets that can continue working even when you are not.

I don't want to reach retirement having worked hard for decades with nothing generating income except my pension. My goal is to build assets that will continue creating value long after I stop working.

That journey doesn't start when you're rich. It starts with the decisions you make today.

16/07/2026

"If you are not ready to lose money, forget about making money."

At first glance, this statement sounds harsh. But if you take time to think about it, there is a valuable lesson behind it.

Every investment carries some level of risk. Whether you invest in stocks, property, a business, bonds, or even yourself through education, there is no guarantee of success. If there were, everyone would be wealthy.

Many people want the returns that come with investing, but they are not willing to accept the possibility of temporary losses. The moment their portfolio drops by 10% or 20%, they panic and sell. Ironically, they lock in their losses instead of giving their investments time to recover.

However, being ready to lose money does not mean investing carelessly. It means understanding that markets move in cycles. Prices rise and fall. Good companies can experience temporary declines. Economic uncertainty is part of investing.

The goal is not to avoid all risk. The goal is to manage risk wisely.

This is why we diversify our investments, invest money we won't need in the short term, do our research before investing, and stay focused on the long-term rather than reacting to daily market movements.

Remember, temporary losses are part of the journey, but permanent losses often come from emotional decisions.

As Warren Buffett famously said, "The stock market is a device for transferring money from the impatient to the patient."

The question is not whether your investments will experience volatility—they almost certainly will. The real question is: Will you have the patience and discipline to stay invested when others are giving up?

15/07/2026

15/07/2026

"Everything is urgent in corporate, except recognition and salary increases."

When I came across this quote, it made me stop and think.

In many workplaces, deadlines are urgent. Reports are urgent. Meetings are urgent. Responding to emails is urgent. Solving clients' problems is urgent.

But when it comes to salary reviews or recognition for the value employees bring, suddenly there is no urgency.

I'm not saying employers don't appreciate their employees. Many do. But as employees, we should understand one important reality: our financial future should never depend solely on our employer's decisions.

A salary is important because it pays our bills and supports our families. However, if our only plan for improving our financial situation is waiting for the next salary increase or promotion, we are putting our future in someone else's hands.

This is where investing becomes so important.

Every month your salary gives you a choice. You can spend all of it and wait for your employer to increase your income, or you can invest a portion of it and start creating additional sources of wealth that grow independently of your salary.

Your employer may decide when you get a raise.

The market doesn't ask your employer for permission to grow your investments.

The dividends you receive, the interest you earn, the rental income from property, or the long-term appreciation of quality businesses can become your own "salary increases" over time.

The goal is not to replace your job overnight. The goal is to gradually reduce your dependence on a single source of income.

Your salary can provide today's income, but your investments can help provide tomorrow's freedom.

What are you doing today to ensure that your financial future is not entirely dependent on your next salary increase?