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Finally sold my last holding in the NSE
Obi 1 Kanobi
#1 Posted : Thursday, March 31, 2011 10:02:02 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor.

I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers.

When the foreigners begin to troop back and I will consider returning.

I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career.

For those who are still in, I wish you the best.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
My 2 cents
#2 Posted : Thursday, March 31, 2011 10:06:30 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
Talk about the worst possible timing to sell. You should have sold during a bull market!
Obi 1 Kanobi
#3 Posted : Thursday, March 31, 2011 10:20:30 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
I know all about the bull and the cow. Anyway, yes there were few tears but I started profit taking way back in November. And the last sale was actually still double my purchase price.

Trust me I got no regrets on the returns or the timing of the sales.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
bwenyenye
#4 Posted : Thursday, March 31, 2011 11:05:18 AM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
@Obi,

Congratulations on your exit.Applause Applause Applause
I wish you a good rehabilitation from this opium.

However, I presume that you have been a trader not an investor.
I Think Therefore I Am
Gordon Gekko
#5 Posted : Thursday, March 31, 2011 11:17:29 AM
Rank: Elder

You have been a member since:: 5/27/2008
Posts: 3,760
You mean you don't even own the odd lots?
mlennyma
#6 Posted : Thursday, March 31, 2011 11:57:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Rest in peace till we meet again here.
"Don't let the fear of losing be greater than the excitement of winning."
Cde Monomotapa
#7 Posted : Thursday, March 31, 2011 12:04:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
U r officially a War Vet. Enjoy ur retirement..smile
For Sport
#8 Posted : Thursday, March 31, 2011 12:11:43 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Obi 1 Kanobi wrote:
I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor.

I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers.

When the foreigners begin to troop back and I will consider returning.

I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career.

For those who are still in, I wish you the best.


hmmm...have a rough idea.

Pretty sure I'll sell you my shares when you're trooping back with the foreigners
Obi 1 Kanobi
#9 Posted : Thursday, March 31, 2011 12:26:20 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
For Sport wrote:
Obi 1 Kanobi wrote:
I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor.

I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers.

When the foreigners begin to troop back and I will consider returning.

I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career.

For those who are still in, I wish you the best.


hmmm...have a rough idea.

Pretty sure I'll sell you my shares when you're trooping back with the foreigners


The thing is to know when to quit, and yes I will probably buy some of your shares some day.

But the beauty with shares is not the purchase price but rather where you see the share being in n years.

@Bwenyenye, I was an investor, not a trader and the thing is I feel the cash will work better elsewhere for the time being. Inflation @ 16%, high oil prices and expected reduced harvest to me means the market may remain depressed for awhile.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
'user'
#10 Posted : Thursday, March 31, 2011 12:29:52 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
Obi 1 Kanobi wrote:
I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor.

I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers.

When the foreigners begin to troop back and I will consider returning.

I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career.

For those who are still in, I wish you the best.


Lucky you , Im still waiting for my 200 shares in eveready bought at 9.5 during the IPO to doubled'oh! d'oh! d'oh! .Then I can sell.

Meanwhile I waiting to eat the Mbuzi dividend during the AGMsmile smile smile
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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