In the podcast, the speakers Alex, Allan, Jean, Yogi and Timothy the host discuss investment options in Uganda, specifically debating between real estate and fixed income securities, such as treasury bonds and unit trusts. The discussion arises out of the question of where an ordinary investor should put their money and what the potential returns would be. Alex argues for fixed income investments, stating that they are characterized by better yields and less risk. He emphasizes that these investments are suited to both long and short-term financial objectives. Allan, on the other hand, advocates for real estate, arguing that land is a safe investment that is unlikely to suddenly depreciate in value. Jean and Yogi discuss the idea of a balanced portfolio that includes both real estate and fixed income securities. They express the importance of understanding one's financial goals, risk tolerance, and investment horizon. They debate that a specific investment type's suitability strongly depends on these individual factors, insisting that financial advice should be personalized. The main example used throughout the podcast is an investor with 10 million Ugandan Shillings. According to Alex, treasury bonds would give them the best chance of growth investment in 10 years, making them a better choice. However, Allan favoring real estate propose purchasing land, dividing it into plots, and selling at a profit as a viable alternative. Jean introduces the idea that real estate investment requires substantial capital and a long-term investment horizon to realistically make a good return. He suggests that someone with 10 million shillings might be better off investing in Fixed income securities, depending on their long-term goals. The conversation concludes without consensus, highlighting how complex the decision between real estate and fixed income investments can be as it extremely depends on an individual's financial situation, goals, risk tolerance, investment horizon and even the amount of capital they have to invest. The podcast aims to inform and educate listeners on the pros and cons of different investment options in Uganda rather than providing one-size-fits-all advice. Alex Kakande This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kakandealex.substack.com