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Where would you invest 7 million shillings?
Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi
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MKWASI wrote:I would go for a few properties in the counties say 5 million. 1.5 Million in stocks and bonds. Unless its windfall income, you may also need to treat yourself that is invest some of it in happiness but make sure you don't visit dubai otherwise your milli would be up in smoke. hizo hazitoki hapa! All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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ProverB wrote:better still...whatever gave you the 7million....keep doing it.  Hah hah hah! A good one. Go to Dubai with a DIVA and relax. The rest is history! Thieves
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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ProverB wrote:i doubt nse will remain unshaken by politics Boss a P/E of 10 & a dividend of 5% is considered very fair in many markets.. What politics?? We will have a peaceful elections and all the prophets of doom will all be tripping over themselves to buy stocks after its over... Why not get in now?? Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 4/16/2010 Posts: 906 Location: Nairobi
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The repetitiveness of the suggestions betrays how narrow Kenyans' thinking is when it comes to investing. No wonder random Wahindis, Wazungus and Wachina come to our country and swiftly become mega-rich in a matter of 5 years or less.
While we are busy doing traditional stocks+bonds+realestate investments, the foreigners come in, spot virgin niches and attack them with no mercy, making out like bandits in the end. Take for example that oil in Turkana. The Mkenya saw that the best investment he could make would be the usual buy a plot -> sell it later formula. The Mzungu saw oil below that plot and is now mining. Fine, the Mkenya has some change in pocket, but the Mzungu now has money beyond his wildest dreams.
Bwana masukuma, I urge you to expand your mind and find the many poorly served niches we have in Africa. The greatest financial rewards lie there.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Vall wrote:Marry me EPIC  Quote:Take for example that oil in Turkana. @Kenyanlyrics....even if i have Iron ore in my backyard, the barrier that will hinder me into extracting it is the cost and knowledge of the how to go about it. We are just being real... "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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KenyanLyrics wrote:
While we are busy doing traditional stocks+bonds+realestate investments, the foreigners come in, spot virgin niches and attack them with no mercy, making out like bandits in the end. Take for example that oil in Turkana. The Mkenya saw that the best investment he could make would be the usual buy a plot -> sell it later formula. The Mzungu saw oil below that plot and is now mining..
KYL = Know Your Level Akina wachina have billions of dollars while our friend has a meagre 7million Kshs ($80,000)... Even Wazungu cannot do much with ($80,000)! you seem to be the one with a shallow mind as you do not seem to know the level of experience, passion, CAPITAL, time & sweat that is needed to make any venture successful! Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 5/3/2011 Posts: 559
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masukuma wrote:can someone advice me on how to invest this tidy sum. All these people are excited and unrealistics, it is only one guy here who talked about risk profile and that I think is the only person who you should pay a little more attention to because he probably understand something about investment. Mine is to tell you what not to do. 1)First if you're not yet marry, do not get married, thats the worst thing you can do at the moment. 2)If you've never had a hooker, do not get one and this is very important, if you've never been to a strip club do not go there. But if you really want to go to strip club start with training yourself by watching porn movies, if you watch porn movies 2 weeks straight you'll be so used to naked women that when you go to strip club you'll not be excited about nudity so you won't drop cash easly. Infact you'll be able to make great investment research at a strip club, I alway read WSJ at tit bars. 3)I know you're Masukuma you probably think kshs 7million is alot of money but it is not so do not let it get in your mind. 4)Do not give 10% to your church it is a reap off. 5)Don't come here expecting any advices!
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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guru267 wrote:KenyanLyrics wrote:
While we are busy doing traditional stocks+bonds+realestate investments, the foreigners come in, spot virgin niches and attack them with no mercy, making out like bandits in the end. Take for example that oil in Turkana. The Mkenya saw that the best investment he could make would be the usual buy a plot -> sell it later formula. The Mzungu saw oil below that plot and is now mining..
KYL = Know Your Level Akina wachina have billions of dollars while our friend has a meagre 7million Kshs ($80,000)... Even Wazungu cannot do much with ($80,000)! you seem to be the one with a shallow mind as you do not seem to know the level of experience, passion, CAPITAL, time & sweat that is needed to make any venture successful! Market cap of NSE is 12.5 Billion USD, Market cap of Tullow Oil a small player in oil business is 28 Billion USD. Big players like Eni Italy where I work in their local subsidiary in Nigeria have a market cap of 83.5 Billion USD. Eni has won prospecting licence in Kenya but refused in Uganda due to alledged bribe (not proven) Uganda energy minister of 300,000 USD ie 240 Million Kenyan shillings and a ship load of Uganda shillings if you multiply 320 Million Ksh by 29 Ugandan shillings??? How much then is 7 million Ksh ???? There is nothing to compare my friend. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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young wrote:guru267 wrote:KenyanLyrics wrote:
While we are busy doing traditional stocks+bonds+realestate investments, the foreigners come in, spot virgin niches and attack them with no mercy, making out like bandits in the end. Take for example that oil in Turkana. The Mkenya saw that the best investment he could make would be the usual buy a plot -> sell it later formula. The Mzungu saw oil below that plot and is now mining..
KYL = Know Your Level Akina wachina have billions of dollars while our friend has a meagre 7million Kshs ($80,000)... Even Wazungu cannot do much with ($80,000)! you seem to be the one with a shallow mind as you do not seem to know the level of experience, passion, CAPITAL, time & sweat that is needed to make any venture successful! Market cap of NSE is 12.5 Billion USD, Market cap of Tullow Oil a small player in oil business is 28 Billion USD. Big players like Eni Italy where I work in their local subsidiary in Nigeria have a market cap of 83.5 Billion USD. Eni has won prospecting licence in Kenya but refused in Uganda due to alledged bribe (not proven) Uganda energy minister of 300,000 USD ie 240 Million Kenyan shillings and a ship load of Uganda shillings if you multiply 320 Million Ksh by 29 Ugandan shillings??? How much then is 7 million Ksh ???? There is nothing to compare my friend. Enough said (s)he has heard you.....
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Vie for a parliamentary seat and make money after winning the elections,he he
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Where would you invest 7 million shillings?
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