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NSE creating dollar millionaires in Kenya like kurazy!

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MugundaMan		#1 Posted : Thursday, March 07, 2019 8:17:37 PM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		306 more Kenyans rise to millionaires rank in a year https://www.businessdail...eeNdmMpbAUvf-PcisjajTZw Manufacturing, real estate and technology sectors were the biggest contributors to the number of new dollar millionaires. S Mutaga III I don't even know why you argue against me on this matter. Never did I say that mugundas are the "only" way to creating wealth. I just said the evidence is overwhelming that mugunda is the path of least resistance in Kenya for the foreseeable long term future. You call it "land speculation" which is a funny term. Is it "FMCG speculation" when one invests in a supermarket intending to make a profit from operations? How then is it "land speculation" when one buys a mugunda, develops it into whatever - house, flats, commercial building, tortoise farm for tourists, farm growing crops etc etc? These things are not rocket science baba only a very stubborn person clings to defending very difficult paths (NSE) that created almost zero dollar millionaires in the past 50 years compared to mugundas which are creating them like elephant dung dropping on ants in the savannah daily.
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S.Mutaga III		#2 Posted : Thursday, March 07, 2019 8:24:43 PM
Rank: Member Joined: 3/26/2012 Posts: 830		MugundaMan wrote: 306 more Kenyans rise to millionaires rank in a year https://www.businessdail...eeNdmMpbAUvf-PcisjajTZw Manufacturing, real estate and technology sectors were the biggest contributors to the number of new dollar millionaires. S Mutaga III I don't even know why you argue against me on this matter. Never did I say that mugundas are the "only" way to creating wealth. I just said the evidence is overwhelming that mugunda is the path of least resistance in Kenya for the foreseeable long term future. You call it "land speculation" which is a funny term. Is it "FMCG speculation" when one invests in a supermarket intending to make a profit from operations? How then is it "land speculation" when one buys a mugunda, develops it into whatever - house, flats, commercial building, tortoise farm for tourists, farm growing crops etc etc? These things are not rocket science baba only a very stubborn person clings to defending very difficult paths (NSE) that created almost zero dollar millionaires in the past 50 years compared to mugundas which are creating them like elephant dung dropping on ants in the savannah daily. It is only a difficult path because YOU don't know how to walk that path. Not everyone is a sucker in stocks and that is what you never understand. By the way, I don't like arguing against facts, and it is a fact that land speculation is profitable. But we need people like you so that we can make money in stocks too A successful man is not he who gets the best, it is he who makes the best from what he gets.
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MugundaMan		#3 Posted : Thursday, March 07, 2019 8:30:14 PM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		S.Mutaga III wrote: [ It is only a difficult path because YOU don't know how to walk that path. Not everyone is a sucker in stocks and that is what you never understand. By the way, I don't like arguing against facts, and it is a fact that land speculation is profitable. But we need people like you so that we can make money in stocks too Talk is CHEAP! Please SHOW US which dollar millionaires in Kenya have been created from NSE SINCE 1963 starting with yourself (our so called "expert" on stock trading if you qualify Otherwise hujasema ghitu ya maana hafa papa
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S.Mutaga III		#4 Posted : Thursday, March 07, 2019 8:43:26 PM
Rank: Member Joined: 3/26/2012 Posts: 830		MugundaMan wrote: S.Mutaga III wrote: [ It is only a difficult path because YOU don't know how to walk that path. Not everyone is a sucker in stocks and that is what you never understand. By the way, I don't like arguing against facts, and it is a fact that land speculation is profitable. But we need people like you so that we can make money in stocks too Talk is CHEAP! Please SHOW US which dollar millionaires in Kenya have been created from NSE SINCE 1963 starting with yourself (our so called "expert" on stock trading if you qualify Otherwise hujasema ghitu ya maana hafa papa I think that you should lead by example. How many billions do yo have from land speculation papa I hope it is nothing less tha 100 million otherwise I will be disappointed. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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MugundaMan		#5 Posted : Thursday, March 07, 2019 8:56:24 PM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		S.Mutaga III wrote: MugundaMan wrote: S.Mutaga III wrote: [ It is only a difficult path because YOU don't know how to walk that path. Not everyone is a sucker in stocks and that is what you never understand. By the way, I don't like arguing against facts, and it is a fact that land speculation is profitable. But we need people like you so that we can make money in stocks too Talk is CHEAP! PleaseSHOW US which dollar millionaires in Kenya have been created from NSE SINCE 1963 [/b]starting with yourself (our so called "expert" on stock trading if you qualify Otherwise] hujasema ghitu ya maana hafa papa I think that you should lead by example. How many billions do yo have from land speculation papa I hope it is nothing less tha 100 million otherwise I will be disappointed. Case closed. You know cyberspace is a funny place. Here is where people create castles in the sky that they are getting rich daily from bitcoin, Elliot waving and NSE yet when the well researched concrete evidence on the ground belies all this hogwash the best they can come up with is pablum responses. I do however apologise to you for asking you to personally substantiate. That is neither here nor there. Fortunately for serious people they can read the writing on the wall on which path offers the best opportunities to advance economically compared to others. Shalom!
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kitabu_chako		#6 Posted : Friday, March 08, 2019 2:09:19 PM
Rank: Hello Joined: 8/29/2018 Posts: 3 Location: Kuwait		Technology is a good bus for those with a creative mind. Thats what allowed me to join the these millionaires. have made a couple of usd million, my next challenge is to get to $10M. Happy Hunting :)
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S.Mutaga III		#7 Posted : Saturday, March 09, 2019 12:24:19 PM
Rank: Member Joined: 3/26/2012 Posts: 830		kitabu_chako wrote: Technology is a good bus for those with a creative mind. Thats what allowed me to join the these millionaires. have made a couple of usd million, my next challenge is to get to $10M. Happy Hunting :) Good luck trying to convince Mugundaman that anything other than real estate can make you rich A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Mike Ock		#8 Posted : Saturday, March 09, 2019 8:39:01 PM
Rank: Member Joined: 1/22/2015 Posts: 682		kitabu_chako wrote: Technology is a good bus for those with a creative mind. Thats what allowed me to join the these millionaires. have made a couple of usd million, my next challenge is to get to $10M. Happy Hunting :) Which sector are you in? Payments?
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NewMoney		#9 Posted : Monday, March 11, 2019 2:32:15 AM
Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi		kitabu_chako wrote: Technology is a good bus for those with a creative mind. That's what allowed me to join the these millionaires. have made a couple of USD million, my next challenge is to get to $10M. Happy Hunting :) Yeah, Technology is the real deal, scales like crazy, makes real estate and NSE look like child's play. Today, 6 out of 10 richest people in the world are in tech, and so are 7 out of 10 largest companies by market cap. A total contrast to what it was just 15 years ago. In Kenya, tech is still in the infancy stage and yet we can see it making a dollar millionaire here and there. In a few years, it will dominate and bring us the first clean $Billionaire. Sad that the government has not yet recognized this potential, Tech should be like the Big ONE Agenda.
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sparkly		#10 Posted : Monday, March 11, 2019 8:13:25 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		MugundaMan wrote: S.Mutaga III wrote: [ It is only a difficult path because YOU don't know how to walk that path. Not everyone is a sucker in stocks and that is what you never understand. By the way, I don't like arguing against facts, and it is a fact that land speculation is profitable. But we need people like you so that we can make money in stocks too Talk is CHEAP! Please SHOW US which dollar millionaires in Kenya have been created from NSE SINCE 1963 starting with yourself (our so called "expert" on stock trading if you qualify Otherwise hujasema ghitu ya maana hafa papa You are yet to understand how capital markets work. Even succesful real estate businesses ultimately want to go public then get listed re: Centum, Home Afrika, Fahari Reit, Cytonn, HF, Insurance Companies (huge investments in Real Estate), Agriculturals, Hotels etc. Buying small plots in DC and hiding the titles under your mattress is not a genius move. Life is short. Live passionately.
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