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I don't Know What to Tell People
Rank: Member Joined: 11/1/2013 Posts: 257
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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. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia....Jesse Livermore No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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wukan wrote:obiero wrote:Hehe. I had earlier information and passed it on right here that the bill will be signed.. I also happen to hold some financial services stock but opted not to sell with full awareness that the same shall fall.. Now, quote me and quote me right, nothing much has changed in essence for the banks.. Firstly, the existing loans will not be repriced, further new deposits will not be higher than the proposed minimum regardless of amount.. The margin spread proposed by law are actually higher than what was charged prior.. So long as banks shall keep costs of funds low then they will survive. KCB has sourced funds at 3% from Europe for onward lending at 14.5%!! COOP bank has also shown that implementation is welcome and doable.. The sky shall not turn green and the water will not turn red.. Banks will sail through the storm and the stocks will stabilise starting tomorrow!!! Lack of bids to match the asks remains a positive sign and should be only yardstick to be utilized by traders.. As for investors, we wait.. You know money is just a way of keeping scores. I "invested" 510,000 in KCB rights at 17/=. I want my capital back so i will still maintain my order till around 18/=. If you are willing to run the risk of holding KCB please match my ask(at best). I can choose to try some other investment or take it and spoil it on a Pretty Young Thing. Prophecy fulfilled. COOP up 10% one day after my purchase.. I am not a prophet but I simply know how to call out the bottom levels. Thank me now!!!
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Rank: Veteran Joined: 11/13/2015 Posts: 1,654
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obiero wrote:wukan wrote:obiero wrote:Hehe. I had earlier information and passed it on right here that the bill will be signed.. I also happen to hold some financial services stock but opted not to sell with full awareness that the same shall fall.. Now, quote me and quote me right, nothing much has changed in essence for the banks.. Firstly, the existing loans will not be repriced, further new deposits will not be higher than the proposed minimum regardless of amount.. The margin spread proposed by law are actually higher than what was charged prior.. So long as banks shall keep costs of funds low then they will survive. KCB has sourced funds at 3% from Europe for onward lending at 14.5%!! COOP bank has also shown that implementation is welcome and doable.. The sky shall not turn green and the water will not turn red.. Banks will sail through the storm and the stocks will stabilise starting tomorrow!!! Lack of bids to match the asks remains a positive sign and should be only yardstick to be utilized by traders.. As for investors, we wait.. You know money is just a way of keeping scores. I "invested" 510,000 in KCB rights at 17/=. I want my capital back so i will still maintain my order till around 18/=. If you are willing to run the risk of holding KCB please match my ask(at best). I can choose to try some other investment or take it and spoil it on a Pretty Young Thing. Prophecy fulfilled. COOP up 10% one day after my purchase.. I am not a prophet but I simply know how to call out the bottom levels. Thank me now!!! I'm out of KCB 300K capital gains plus past dividends. It was a good investment. Only one bank left in portfolio. Now i will invest part of it in good memories with a PYT once the funds come through next week. YOLO!!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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wukan wrote:obiero wrote:wukan wrote:obiero wrote:Hehe. I had earlier information and passed it on right here that the bill will be signed.. I also happen to hold some financial services stock but opted not to sell with full awareness that the same shall fall.. Now, quote me and quote me right, nothing much has changed in essence for the banks.. Firstly, the existing loans will not be repriced, further new deposits will not be higher than the proposed minimum regardless of amount.. The margin spread proposed by law are actually higher than what was charged prior.. So long as banks shall keep costs of funds low then they will survive. KCB has sourced funds at 3% from Europe for onward lending at 14.5%!! COOP bank has also shown that implementation is welcome and doable.. The sky shall not turn green and the water will not turn red.. Banks will sail through the storm and the stocks will stabilise starting tomorrow!!! Lack of bids to match the asks remains a positive sign and should be only yardstick to be utilized by traders.. As for investors, we wait.. You know money is just a way of keeping scores. I "invested" 510,000 in KCB rights at 17/=. I want my capital back so i will still maintain my order till around 18/=. If you are willing to run the risk of holding KCB please match my ask(at best). I can choose to try some other investment or take it and spoil it on a Pretty Young Thing. Prophecy fulfilled. COOP up 10% one day after my purchase.. I am not a prophet but I simply know how to call out the bottom levels. Thank me now!!! I'm out of KCB 300K capital gains plus past dividends. It was a good investment. Only one bank left in portfolio. Now i will invest part of it in good memories with a PYT once the funds come through next week. YOLO!!!  After all, what's the point of making money if not to have fun??? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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I bought a whole bale of popcorn to watch this thread....Viceroy is too expensive...Reality is coming in the 3rd quarter returns....It's inescapable. Thieves are not good people. Tumeelewana?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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 @alma Umedinya point kweli It's only our resident wazua investment analysts who will advice you to buy more than two stocks in the same industry. My grandfather even adviced me against dating two girls from the same village! If Obiero did it, Who Am I?
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Rank: New-farer Joined: 4/11/2016 Posts: 30 Location: Nairobi
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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.
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Rank: New-farer Joined: 9/12/2014 Posts: 31
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nzalela 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. Nice one VituVingi Folks around here need to understand there is risk in everything and everywhere you put your money so it's up to you to choose your own poison. Stick to whatever works best for you.
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Rank: Member Joined: 9/9/2015 Posts: 233
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U dont know when @vvs is sarcastic, do you? "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Mangs wrote:nzalela 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. Nice one VituVingi Folks around here need to understand there is risk in everything and everywhere you put your money so it's up to you to choose your own poison. Stick to whatever works best for you. Mangs vvs is being sarcastic and is talking ironically . Seems you are a newbie. Why are you taking it like he is siding with you? ...man you are walking on a catwalk bare and everyone is looking at you
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