Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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MaichBlack wrote:guru267 wrote:MaichBlack wrote:My 2 cents wrote:I have just reached a time in my life where I am thinking, is this it? What am I accumulating these damn shares for anyway? Simple solution. Don't sell the shares but forget them and go on with your life. Just like our fathers and grandfathers used to do - they bought plots, some in places they've only been to once and forgot them for years. When things became elephant they were like "Na kuna ka-plot nilikuwa nako...." At that time they research on the going price at the moment and probably sell the plot. @Maichblack this is easy for investors but its pretty hard for a trader to do this because we always have to be on our toes and look out for every information we can get out hands on @guru - I totally understand and agree with you. For traders, one should know even when the CEO of a company you hold is denied food by the wifey or when he starts or quits drinking. LOL. And that is why the adrenaline rush comes in. But at @My 2 cents amechoka na adrenaline rush. Labda uzee umebisha hodi. Or he might just be bored with these stocks maneno. That's why I'm advising him to get into growth/dividend paying stocks [if that is not what he's holding] and forget them. Obviously it would be suicidal for a trader to ignore his/her shares even for a couple of days. You need to know when to sell Kenya Re and buy Jubilee, exit Mumias at 14, get back in at 11.80 then exit again at 13.15 etc. etc. Well "dividend paying stocks" does obviously not always constitute an " investors" portfolio. I would buy into companies with steady and predictable growth that I have worked out and then chop that % further...for the next 5years and if it worth buying at the current price(case in point, jub, carb(when I bought boatloads of these at 100). I know that dub in the next 5yrs, should give me a minimum 25% growth pa. While carb, should do slightly better. If they beat my very conservative growth estimates, then hey, bobs your uncle!!! If they don't, hang, give another chance (another year, obviously depending on whether the stock has changed fundamentally). For me KK had changed fundamentally, they became another political party...(please VVSpretend I just didn't say that) again, you have to know, when it is worth staying in the ship or not....I remember , when I was 18, (10 years back) my first salo went straight to buy eabl pre slit, pre bonus pre everything at 69bob. I just sold out this year. U do the math...
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