PHC wrote:Hi,
I am a complete new member of Wazua and completely new at investments although I am interested in investing. Need advice on how to go about it and the best banks to trade with and how to trade with (in Nairobi).
Any1 can help me with that?
Dear PHC,
To invest in stocks, open an account with a stockbroker. Here's the list of all brokers with their contacts:
https://www.nse.co.ke/member-firms/firms.html
Feel free to email/call them about:
- requirements to open an account
- whether they offer online trading (convenient for most people)
- fees charged (some greedy brokers sneaked in a maintenance fee on top of already exorbitant trading commissions)
Brokers are all about the same really, in terms of charges, trading, unresponsiveness, unreliability.
To invest in bonds, you'll need to open a CDS account at the Central Bank of Kenya.