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VituVingiSana
#31 Posted : Saturday, April 24, 2010 9:48:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@Kesh - No idea what specifically you are referring to... lakini no need for fancy degrees or qualifications...

The concepts can be learnt by anyone... and COMMON SENSE is what makes a better investor...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#32 Posted : Sunday, April 25, 2010 10:02:54 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Kesh! wrote:
i've been learning alot though i have to say i need to build myself technically. Is acca/cpa sufficient or do i need to do cfa or what course is ok?
@kesh you need as much technical knowledge as it takes you to buy a good kg of meat. You go to the butcher there is chicken, beef, mbuzi, fish, steak, bone on meat, minced (market) etc pick your cut. Check if fresh, no funny smells, disease free (quality). Supposing after choosing a good cut the butcher tells you its 1000 per kg (price). Do you still buy? You don't need a PHD in meat science, or do you?
Life is short. Live passionately.
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Kesh!
#33 Posted : Sunday, April 25, 2010 3:12:57 PM
Rank: Member

Joined: 10/16/2008
Posts: 47
@VVS am tokin bout , for example what a term like NAV means n its significance n how when given a financial statement unles i hia frm someone else i hv no idea wat all those figures r about (sijui kama ni mishahara za wadosi wa company,lol!)..i appreciate the fact tht the profits a company is makin is nt th only important thng..especiali if ur thinking longterm investment..
Ama let me say it this way..without such forums ad probably (bt not exactly) b 'piki-piki-ponki' on stocks.
@spark.. I kno class knowledge doesnt giv you everythn esp in investment but You cnt discount it completely..Eis bwana..kwanza i rili appreciate apprenticeship (o learn as u see) bt let me illustrate what am saying: give a lay man a mil years n they'l b able 2 figure out how to operate a rocket,that i hv no doubt, bt jst in time 2 b the oldest rocket scientist. i kno it wont b that long as i learn lakini bt kuna hiyo element ya blindness n floating kwa forums.
@vvs n spark.. Ama wat r ur degrees/qualifications o alternatively how many years have u been investors?
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Kesh!
#34 Posted : Sunday, April 25, 2010 3:16:09 PM
Rank: Member

Joined: 10/16/2008
Posts: 47
@VVS am tokin bout , for example what a term like NAV means n its significance n how when given a financial statement unles i hia frm someone else i hv no idea wat all those figures r about (sijui kama ni mishahara za wadosi wa company,lol!)..i appreciate the fact tht the profits a company is makin is nt th only important thng..especiali if ur thinking longterm investment..
Ama let me say it this way..without such forums ad probably (bt not exactly) b 'piki-piki-ponki' on stocks.
@spark.. I kno class knowledge doesnt giv you everythn esp in investment but You cnt discount it completely..Eis bwana..kwanza i rili appreciate apprenticeship (o learn as u see) bt let me illustrate what am saying: give a lay man a mil years n they'l b able 2 figure out how to operate a rocket,that i hv no doubt, bt jst in time 2 b the oldest rocket scientist! i kno it wont b that long as i learn bt kuna hiyo element ya blindness n floating kwa forums.
@vvs n spark.. Ama wat r ur degrees/qualifications o alternatively how many years have u been investors?
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guru267
#35 Posted : Sunday, April 25, 2010 4:25:12 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@kesh!
the stock market is not as hard as it looks especially ours that doesnt have any of the complex instruments like options and futures trading that are on other exchanges...

but if you are interested in knowing how to interpret financial statements then i wouldd suggest CPA/ACCA...

and if you insist on being technically savvy in this game then a C.F.A would be the course for you though its a bit complex and requires one to have a bachelors degree...
Mark 12:29
Deuteronomy 4:16
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mwanafunzi
#36 Posted : Sunday, April 25, 2010 5:44:26 PM
Rank: Member

Joined: 12/3/2008
Posts: 113
yes CFA is the best though its complex with expertise you wont use in this market but will come in handy in the future.you can read books or google investment tutorials.never invest/trade blindly lest you burn.
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VituVingiSana
#37 Posted : Sunday, April 25, 2010 6:55:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@Kesh - Start with not using sms-like language...!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#38 Posted : Sunday, April 25, 2010 7:14:42 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@kesh some basics in accounting, economics & finance will do. These you can get online, also youtube has good videos you can check out.
Life is short. Live passionately.
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Kesh!
#39 Posted : Sunday, April 25, 2010 11:37:31 PM
Rank: Member

Joined: 10/16/2008
Posts: 47
Thanks guyz now we r movin. Al def do that. Halafu, @vvs n all.. Poleni, n i beg 2 b excused from now henceforth.. Sina pc most of th tym n so i post replies using my fone hence the sms-like language which is of course faster. Na T9 haikubali sheng bwana so i hope no 1 wil take offence. I wil try as much use undstandable sms-like language.
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Kesh!
#40 Posted : Sunday, April 25, 2010 11:38:45 PM
Rank: Member

Joined: 10/16/2008
Posts: 47
Thanks guyz now we r movin. Al def do that. Halafu, @vvs n all.. Poleni, n i beg 2 b excused from now henceforth.. Sina pc most of th tym n so i post replies using my fone hence the sms-like language which is of course faster. Na T9 haikubali sheng bwana so i hope no 1 wil take offence. I wil try as much 2 use undstandable sms-like language.
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