Friday, April 26, 2024

Aly Khan Sachu: The Millionaire Investor

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Aly-Khan’s story isn’t your typical rags to riches Kenyan story. Not many poppers get to leave the country and study abroad, let alone at the tender age of 13.

How it all began

“The day I got into the trading floor, is the day I realised this is where I have always wanted to be,” Aly told the scoop

After completing high school in London, he pursued a law degree at the University of Durham. But deep inside he knew it wasn’t his calling. Instead, Aly ventured into what had always fascinated him as a boy – investment banking. With no practical financial experience he got the lowest paying job at Credit Suisse.

“I wanted to play with numbers and for that, I could have given anything,” he tells the Business Daily.

Grabbing opportunity by the balls

After more than an year he came face to face with the vice chairman of the bank Mr Joan Becke; choosing not to be intimidated Aly requested Mr Becke to allow him 10 minutes of his time.

Aly then requested Mr Becke to give him the broker’s job for the same six dollar an hour he was making at the clerical section. He also asked to be fired if his performance was deemed unsatisfactory.

In three months time the job was confirmed and in his first full year on the new job, Aly had blown the Credit Suisse annual performance record straight off the water.

What makes a successful investor? Avoid all the hype and do proper research.

Since 2003 Aly-Khan has been trading his own funds primarily Commodities (particularly Oil) Currency Futures and Options, Equity Indices and Single Stocks.

For the last three years, Aly-Khan has been an active Investor at the Nairobi Stock Exchange, The USE and various other African Stock markets

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