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New Year Resolutions
stocksguru
#11 Posted : Monday, January 07, 2013 11:10:27 AM
Rank: Member

Joined: 4/19/2007
Posts: 68
How long is very long and how young is young?

I have clearly indicated that I am reducing my holdings in stocks that will not be recovering soon and which means that I agree with your analysis.

What I am doing is moving forward from why I am standing, your statements makes it seem that I have just taken a position which is a wrong assumption, maybe you could share your portfolio so that we can see how you have applied your knowledge of the market and the companies.

Please appreciate the fact that I can only move from my current position, starting from an imaginary position would be fool hardy and deceitful both to you and to myself.

You cannot budget based on an expected salary you budget based on your current salary and situation one cannot wish away their age, marital status, number of children or current employment.

What I have posted is my portfolio as it stands this morning a situation that qualifies as water under the bridge what is important is what I do from here going forward.

I promise to post my portfolio at the end of the 1st quarter at which point you will be justified in judging my decisions.



S.Mutaga III wrote:
The only valid reason for buying into your proposed counters is that you are buying into a very long term investment.Long term investments are for young people.

VituVingiSana
#12 Posted : Monday, January 07, 2013 11:18:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
stocksguru wrote:
Buy more like a typical Kenyan who runs towards the sound of the blast, buying a share at the top of its price range is insane, avoid the sheep mentality.

In addition an investor looks more at the fundamentals of the organisation not the price of its current share price.
True but Neveready?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#13 Posted : Monday, January 07, 2013 11:20:54 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@stocksguru - Nice graphs/tables... I need to use them more often. How about something more interesting... Comparing the laggards to others that have potential [Not KQ, Mumias, Eveready!]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
stocksguru
#14 Posted : Monday, January 07, 2013 11:45:01 AM
Rank: Member

Joined: 4/19/2007
Posts: 68
Between Neveready and Access which is the worst buy?

VituVingiSana wrote:
stocksguru wrote:
Buy more like a typical Kenyan who runs towards the sound of the blast, buying a share at the top of its price range is insane, avoid the sheep mentality.

In addition an investor looks more at the fundamentals of the organisation not the price of its current share price.
True but Neveready?

kryptonite
#15 Posted : Monday, January 07, 2013 12:00:05 PM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
VituVingiSana wrote:
@stocksguru - Nice graphs/tables... I need to use them more often. How about something more interesting... Comparing the laggards to others that have potential [Not KQ, Mumias, Eveready!]


Laughing out loudly @VVS This is the most patient I've seen you...new year resolution?
The harder you work, the luckier you get
maka
#16 Posted : Monday, January 07, 2013 12:09:51 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
Whether monkey or what i believe every stock will have its day.

...am with you on this one the problem with akina s.mutaga 3 and co is that you put a lot of fundamental and technical analysis in a market that reacts rarely on such...i once sold eveready at 28,scom at 6.40...if all goes well and the market gathers the right momentum probably to 5000
pts onwards every stock will indeed have its day...this is the Nairobi securities exchange we are talking about,where stocks can reach a high of 900 in a couple of dayz...
possunt quia posse videntur
S.Mutaga III
#17 Posted : Monday, January 07, 2013 12:14:39 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
From your current position I would:
1 ) Liquidate all my nse holdings.
2 ) With the proceeds, I would buy into three income stocks.
Rea Vipingo:- Payday is nearing.With a projected dividend of 1.5 per share, you can get a return of about 6% of your investment in two months.After books closure,the price will tank a little presenting you with an opportunity to increase your holding.
Housing Finance:- Payday is coming soon and you will start reaping the benefits of your investment. It is trading at a dividend yield of >9%.
Mumias Sugar:- At a dividend yield approaching 10% and with diversification,buy it even though it is trading ex dividend. Dont stick around if there is a rihts issue.
Disclaimer:- Dont take positions in a counter all at once. Buy a chunk and then seek to average down as you get the cash.This will reduce the chances of error and also reduce your buying price.
#Goodluck#
A successful man is not he who gets the best, it is he who makes the best from what he gets.
mlefu
#18 Posted : Monday, January 07, 2013 1:03:05 PM
Rank: Elder

Joined: 2/11/2007
Posts: 1,680
Location: nairobi
Boss...how do you manage to sleep?
stocksguru
#19 Posted : Monday, January 07, 2013 1:25:18 PM
Rank: Member

Joined: 4/19/2007
Posts: 68
Thanks for the advice but unfortunately you are giving me trading/speculative strategies yet am an investor.

If you look at my initial post I have an appreciation of averaging down.

Your proposed churning will only give a return to my broker which is money down the drain.

Finally, you still have not shared your portfolio so that I am sure you are an active trader/investor and not a backseat driver.


S.Mutaga III wrote:
From your current position I would:
1 ) Liquidate all my nse holdings.
2 ) With the proceeds, I would buy into three income stocks.
Rea Vipingo:- Payday is nearing.With a projected dividend of 1.5 per share, you can get a return of about 6% of your investment in two months.After books closure,the price will tank a little presenting you with an opportunity to increase your holding.
Housing Finance:- Payday is coming soon and you will start reaping the benefits of your investment. It is trading at a dividend yield of >9%.
Mumias Sugar:- At a dividend yield approaching 10% and with diversification,buy it even though it is trading ex dividend. Dont stick around if there is a rihts issue.
Disclaimer:- Dont take positions in a counter all at once. Buy a chunk and then seek to average down as you get the cash.This will reduce the chances of error and also reduce your buying price.
#Goodluck#

S.Mutaga III
#20 Posted : Monday, January 07, 2013 1:35:37 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
stocksguru wrote:
Thanks for the advice but unfortunately you are giving me trading/speculative strategies yet am an investor.

If you look at my initial post I have an appreciation of averaging down.

Your proposed churning will only give a return to my broker which is money down the drain.

Finally, you still have not shared your portfolio so that I am sure you are an active trader/investor and not a backseat driver.


S.Mutaga III wrote:
From your current position I would:
1 ) Liquidate all my nse holdings.
2 ) With the proceeds, I would buy into three income stocks.
Rea Vipingo:- Payday is nearing.With a projected dividend of 1.5 per share, you can get a return of about 6% of your investment in two months.After books closure,the price will tank a little presenting you with an opportunity to increase your holding.
Housing Finance:- Payday is coming soon and you will start reaping the benefits of your investment. It is trading at a dividend yield of >9%.
Mumias Sugar:- At a dividend yield approaching 10% and with diversification,buy it even though it is trading ex dividend. Dont stick around if there is a rihts issue.
Disclaimer:- Dont take positions in a counter all at once. Buy a chunk and then seek to average down as you get the cash.This will reduce the chances of error and also reduce your buying price.
#Goodluck#


averaging down does not increase the comissions you pay to a broker since they are charged as a percentage.It only increases your dividend yield and possible capital gains.As of being a trader,I dont believe in trading,that is why I did not tell you anything about selling the stocks I recommended.Just buy and hold for the medium term and ocassionally examine your picks in light of prevailing market conditions. From what I see,you have already made up your mind on what step to take next. It may prove futile convincing you otherwise. #goodluck#
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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