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A Pleasant Suprise from My Dividend Account
young
#1 Posted : Thursday, April 08, 2010 8:41:11 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
I have been off stockskenya (am sorry wazua) for some time now due to two principal reasons {-

(1) My transfer to a new location with new challenges in my rat race (ICT middle level executive in a petroleum producing company)

(ii) My new focus on real estate to complement stocks to create a balance as am preparing for retirement in a couple of years to be free from the stupid bondage called paid employment.

I have a fairly reasonable portfolio in NSE made of KCB,ARM, EABL,BBK,KPLC,KENGEN, EQUITY and I have been investing for long term since late 2004. I have a joint CDS account in Faida with my wife Evy.
To tidy up things we opened a bank account (joint) purely for dividends and updated our CDS record for automatic EFT (electronic fund transfer) in November 2008. Since then we have
not invested a dime in NSE and do not religiously keep track of the dividend.
We sent a messager to our bank a/c r/ship officer to tell us the balance. It was a pleasant suprise.
Our balance amounted to a comfortable six digits in Ksh. This is very encouraging.
That means when we return fully to stocks and invest further, in a couple of years our dividend in NSE will hit seven digits. This gives me hope that my end to rat race is near and it is worth the effort to invest in NSE bluechips.

Best Regards
Young
Nigeria
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. .
Jaguar
#2 Posted : Friday, April 09, 2010 5:51:26 AM
Rank: Member

Joined: 6/7/2007
Posts: 263
Location: humu humu
and the moral of the story is?
owenkyima
#3 Posted : Friday, April 09, 2010 6:44:20 AM
Rank: New-farer

Joined: 1/21/2010
Posts: 11
Location: Africa
Buy and hold is not a bad strategy for the lazy/busy...
PKoli
#4 Posted : Friday, April 09, 2010 2:56:10 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
That must be a heck of a portfolio. You re-invest your dividends in the same stocks.
At retirement you should be looking at capital growth and dividends: the power of compound interest.
guru267
#5 Posted : Friday, April 09, 2010 3:05:35 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@pkoli is right
@young you really should re invest those dividends not necessarily in stocks but any investment can yield more than cash right now... IMHO
Mark 12:29
Deuteronomy 4:16
young
#6 Posted : Friday, April 09, 2010 7:54:06 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
@guru of Kampala and @Kpoli,
Thanks for your thoughts

Do not forget that I am a non resident investor so that brings some limitation. The dividend account is a savings account not a checking account. My plan is to invest part of the fund on fixed deposit for better returns periodically.
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. .
astute
#7 Posted : Friday, April 09, 2010 9:50:04 PM
Rank: Member

Joined: 3/24/2010
Posts: 101
Location: Nairobi
man how much have u invested in the stock....seems a hell of cash....4 u to earn that dividend...assuming u had invested in real estate...which one would give a higher return on ur investment???? anyway u r doing great building ur portfolio and passive income! kudos
youcan'tstopusnow
#8 Posted : Sunday, April 11, 2010 4:18:52 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Congratulations Young. Most people invest in the stock market for short-term capital gains only. Its nice to hear of long-term buffet-type investors. Patience pays.
GOD BLESS YOUR LIFE
young
#9 Posted : Thursday, April 29, 2010 12:08:04 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
With the recent EFT of Equity dividend, and expected KCB dividend in May, thanks to GOD things are looking up in our dividend income.
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. .
VituVingiSana
#10 Posted : Thursday, April 29, 2010 6:44:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Do you have online stock trading in Nigeria (like one can do in UK/USA)?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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