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Im i on the right track?
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mjuaji wa stocks
#11 Posted : Friday, October 22, 2010 2:09:43 PM
Rank: Member

Joined: 1/16/2010
Posts: 672
Location: nairobi
maina20 wrote:
Shame on you i did the same 2years ago and bought East African Cables at ksh 105 per share, and was actually convinced by my stocks broker that its the stock to watch. Am almost clearing the loan, but its a total loss, especially on short term..now they are 25shillings per share....since then, am only sure on property Investment. if u are a short term investor, u might panic coz u don have any control should a bear run come calling.....


Messed by your broker!!!!!!


Do your own research .... i never buy what my broker recommends .... unless i have my personal research to qualify a purchase.... my broker waits for my buy or sell order only!
God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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KIRTI
#12 Posted : Friday, October 22, 2010 2:44:54 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
Even i bought EA CABLE @ 46 before two years ago & BOC lat year @149 as per my broker advice. now i am buying share as per my research & making money.
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My 2 cents
#13 Posted : Friday, October 22, 2010 2:49:13 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
@Mjuaji...what a load of CRAP!!!!!!!!!!!!!!

Never compare your situation to that of a company. Remember companies expense interest before they declare profits. You on the other hand pay interest with your after tax shillings.

You sound like a person who is up to their neck in debt......in the name of investing. Read WBs investment philosophy on debt. I choose him because he is one of the greatest investors.
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mukiha
#14 Posted : Friday, October 22, 2010 2:57:41 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Arusha; What's the hurry? The shares are going nowhere! Keep buying the lots you can afford. You will notice that even if the prices go up, your average will be below the market price.... and if they go down, your loss will also be below the market average....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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obiero
#15 Posted : Friday, October 22, 2010 3:08:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
Ni wazi kuwa huyu 'mjuaji' hajui lolote! Investing in land and shares are two v different things. And btw no one knows whether KK will get to 20. People only forecast, but nobody knows!
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winston
#16 Posted : Friday, October 22, 2010 3:23:48 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
@arusha...yes you are on the right track. No...the loan option can be tricky. I would not recommend it, though there will be some wazuans and other investors who have made stock money through loans. On stocks to buy...read investing books, understand stock fundamentals, do your research and before you conclude your conclusion search wazua for market sentiments of the stock you are about to plunge into!

Good luck!
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  | | Edit by user: Friday, October 22, 2010 3:24 PM | Reason: Not specified
jerry
#17 Posted : Friday, October 22, 2010 3:38:54 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
obiero wrote:
Ni wazi kuwa huyu 'mjuaji' hajui lolote! Investing in land and shares are two v different things. And btw no one knows whether KK will get to 20. People only forecast, but nobody knows!

I hope you r not saying buying stocks is like gambling since we may not know for sure what happens tomorrow?
The opposite of courage is not cowardice, it's conformity.
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2012
#18 Posted : Friday, October 22, 2010 3:54:18 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
obiero wrote:
Ni wazi kuwa huyu 'mjuaji' hajui lolote! Investing in land and shares are two v different things. And btw no one knows whether KK will get to 20. People only forecast, but nobody knows!


I wonder why one would even buy shares with that mentality. You can follow the history and fundamentals of a company and project growth.

BBI will solve it :)
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obiero
#19 Posted : Friday, October 22, 2010 4:01:25 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
@ jerry and twenty twelve. its not exactly gambling, but its v closely related! even wit all the TA and fundamentals check, money can still be lost, Enron style. I therefore believe it is preferable that the money down the drain be ua own and not borrowed. Otherwise, ul end up paying interest on a white elephant!
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  | | Edit by user: Friday, October 22, 2010 4:07 PM | Reason: Not specified
QD
#20 Posted : Friday, October 22, 2010 4:11:07 PM
Rank: Member

Joined: 8/5/2009
Posts: 597
@ jerry that is the half fact as we speculate about the future of an economy while we do not have certainity.
@Arusha Please do continue buying small with your savings and do not go for a loan for short term investment as you say to use the proceeds to repay the loan, Safaricom was a classic example and you have heard it from obiero we need not say more.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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