Wazua
»
Investor
»
Stocks
»
I don't Know What to Tell People
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
|
Jon Jones wrote:The stock market is a rigged game. It is ironical for a stocks investor without a seat at the board or ears at the board to criticize a person who gambles. It is almost the same thing...ALMOST. 99% of stock market investors invest blindly...because they cannot authenticate the quality of financial statements presented to them, and audit firms are all compromised. I stopped investing in shares a long time ago when I discovered that companies could go bankrupt three months after an audit of their accounts. Unless you are an insider either physically or by proxy, it does not make any financial sense to invest in stocks. Even those who make money are just lucky. To all wazua investors, how much do you know about the company you have invested in? How can you confirm the accuracy of the accounts presented if even auditors can be compromised? Smart move. No point in investing in the Stock Markets if you do not trust them. Yes, those who invest & make something on the stockmarkets are just lucky folks. Yes, we know very little about the companies we invest in. No, we cannot confirm what's real or not about the accounts. As you said, we (who invest in the stockmarket) are fools. And some of us are lucky fools. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 4/4/2007 Posts: 1,162
|
VituVingiSana wrote:Jon Jones wrote:The stock market is a rigged game. It is ironical for a stocks investor without a seat at the board or ears at the board to criticize a person who gambles. It is almost the same thing...ALMOST. 99% of stock market investors invest blindly...because they cannot authenticate the quality of financial statements presented to them, and audit firms are all compromised. I stopped investing in shares a long time ago when I discovered that companies could go bankrupt three months after an audit of their accounts. Unless you are an insider either physically or by proxy, it does not make any financial sense to invest in stocks. Even those who make money are just lucky. To all wazua investors, how much do you know about the company you have invested in? How can you confirm the accuracy of the accounts presented if even auditors can be compromised? Smart move. No point in investing in the Stock Markets if you do not trust them. Yes, those who invest & make something on the stockmarkets are just lucky folks. Yes, we know very little about the companies we invest in. No, we cannot confirm what's real or not about the accounts. As you said, we (who invest in the stockmarket) are fools. And some of us are lucky fools. The NSE is a racket
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
majimaji wrote:VituVingiSana wrote:Jon Jones wrote:The stock market is a rigged game. It is ironical for a stocks investor without a seat at the board or ears at the board to criticize a person who gambles. It is almost the same thing...ALMOST. 99% of stock market investors invest blindly...because they cannot authenticate the quality of financial statements presented to them, and audit firms are all compromised. I stopped investing in shares a long time ago when I discovered that companies could go bankrupt three months after an audit of their accounts. Unless you are an insider either physically or by proxy, it does not make any financial sense to invest in stocks. Even those who make money are just lucky. To all wazua investors, how much do you know about the company you have invested in? How can you confirm the accuracy of the accounts presented if even auditors can be compromised? Smart move. No point in investing in the Stock Markets if you do not trust them. Yes, those who invest & make something on the stockmarkets are just lucky folks. Yes, we know very little about the companies we invest in. No, we cannot confirm what's real or not about the accounts. As you said, we (who invest in the stockmarket) are fools. And some of us are lucky fools. The Njonis a racket jon Jones NSE is mirage of u n the society at large. everyone is doing the best to make a living from everyone's pocket. ,Behold, a sower went forth to sow;....
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,840
|
obiero wrote:Spikes wrote:I am always the first one to show people over here the direction of the NSE but Wazuans usually refuse to heed my prophesy after prophesy. I told you the bill will be signed in one sentence. People hardened their hearts offering long analysis justifying their cling on financials. Wakadhani ni mchezo uuuiii! TITHIMA. Say it again kama imebamba TITHIMA! LOL. You are the most clueless investor I have ever encountered since @qw Seconded!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
MaichBlack wrote:obiero wrote:Spikes wrote:I am always the first one to show people over here the direction of the NSE but Wazuans usually refuse to heed my prophesy after prophesy. I told you the bill will be signed in one sentence. People hardened their hearts offering long analysis justifying their cling on financials. Wakadhani ni mchezo uuuiii! TITHIMA. Say it again kama imebamba TITHIMA! LOL. You are the most clueless investor I have ever encountered since @qw Seconded!!!  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
|
muandiwambeu wrote:majimaji wrote:VituVingiSana wrote:Jon Jones wrote:The stock market is a rigged game. It is ironical for a stocks investor without a seat at the board or ears at the board to criticize a person who gambles. It is almost the same thing...ALMOST. 99% of stock market investors invest blindly...because they cannot authenticate the quality of financial statements presented to them, and audit firms are all compromised. I stopped investing in shares a long time ago when I discovered that companies could go bankrupt three months after an audit of their accounts. Unless you are an insider either physically or by proxy, it does not make any financial sense to invest in stocks. Even those who make money are just lucky. To all wazua investors, how much do you know about the company you have invested in? How can you confirm the accuracy of the accounts presented if even auditors can be compromised? Smart move. No point in investing in the Stock Markets if you do not trust them. Yes, those who invest & make something on the stockmarkets are just lucky folks. Yes, we know very little about the companies we invest in. No, we cannot confirm what's real or not about the accounts. As you said, we (who invest in the stockmarket) are fools. And some of us are lucky fools. The Njonis a racket jon Jones NSE is mirage of u n the society at large. everyone is doing the best to make a living from everyone's pocket. @Jon Jones, you want to wring your hands and sit out the market. You might as well sit out everything else. Investment is risky... Even with a seat on the board you can still get shafted. Remember the good folks at Imperial bank? Start!
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
Metch wrote:muandiwambeu wrote:majimaji wrote:VituVingiSana wrote:Jon Jones wrote:The stock market is a rigged game. It is ironical for a stocks investor without a seat at the board or ears at the board to criticize a person who gambles. It is almost the same thing...ALMOST. 99% of stock market investors invest blindly...because they cannot authenticate the quality of financial statements presented to them, and audit firms are all compromised. I stopped investing in shares a long time ago when I discovered that companies could go bankrupt three months after an audit of their accounts. Unless you are an insider either physically or by proxy, it does not make any financial sense to invest in stocks. Even those who make money are just lucky. To all wazua investors, how much do you know about the company you have invested in? How can you confirm the accuracy of the accounts presented if even auditors can be compromised? Smart move. No point in investing in the Stock Markets if you do not trust them. Yes, those who invest & make something on the stockmarkets are just lucky folks. Yes, we know very little about the companies we invest in. No, we cannot confirm what's real or not about the accounts. As you said, we (who invest in the stockmarket) are fools. And some of us are lucky fools. The Njonis a racket jon Jones NSE is mirage of u n the society at large. everyone is doing the best to make a living from everyone's pocket. @Jon Jones, you want to wring your hands and sit out the market. You might as well sit out everything else. Investment is risky... Even with a seat on the board you can still get shafted. Remember the good folks at Imperial bank? Nobody-including the President of the Republic of Kenya aka PORK-is immune to shafting when it comes to investment. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
|
alma1 wrote:
Don't go around here buying stocks until the elections are over.
Hapo juu ni upuz advice. Real investors dont buy stocks on their way up. Suppose we wait till after erection and then the stock start to rally, where will we get the volumes to buy since everyone will be holding? Stocks are bought on their down trend like now with the banks, ofcoz after doing some due diligence. Wacha upuz! You cant time the market, eti "buy after erection"? Suppose the erection becomes flaccid before your insertion?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
Impunity wrote:alma1 wrote:
Don't go around here buying stocks until the elections are over.
Hapo juu ni upuz advice. Real investors dont buy stocks on their way up. Suppose we wait till after erection and then the stock start to rally, where will we get the volumes to buy since everyone will be holding? Stocks are bought on their down trend like now with the banks, ofcoz after doing some due diligence. Wacha upuz! You cany time the market, eti "buy after erection"? Suppose the erection becomes flaccid before you insertion? WEWE @Impunity! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
|
|
|
|
Wazua
»
Investor
»
Stocks
»
I don't Know What to Tell People
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|