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Stocks for my Children
mufasa
#1 Posted : Wednesday, November 01, 2023 9:51:48 AM
Rank: Member


Joined: 4/15/2008
Posts: 198
Good Morning Wazuans (Wazurians),

I have three kids 10yrold, 7yr old and 1yr old.

Which stocks would I be best suited to pic for them as an investment that i can gift them at 18yrs Old.

Do it today! Tomorrow is promise to no-one.
kawi254
#2 Posted : Wednesday, November 01, 2023 4:45:56 PM
Rank: Member


Joined: 2/20/2015
Posts: 467
Location: Nairobi
mufasa wrote:
Good Morning Wazuans (Wazurians),

I have three kids 10yrold, 7yr old and 1yr old.

Which stocks would I be best suited to pic for them as an investment that i can gift them at 18yrs Old.



There is no sure bet. In 10 or 20 years the shares could be worthless Uchumi, KQ or Nation Media.

Mzungu dividend paying bank like SCBK whose dividends took me through high school & public university some 20+ years ago and whose dividends i am using to educate my kids can stand test of time (*did not inherit old man's shares , i bought my own SCBK shares*

OR just buy an infrastructure bond, educate your kids with the interest and at maturity gift yourself the principal because best gift you can give your kids is to support your retired self so that they don't spend their employment years paying black family tax.
My 2 cents
#3 Posted : Wednesday, November 01, 2023 7:07:05 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
mufasa wrote:
Good Morning Wazuans (Wazurians),

I have three kids 10yrold, 7yr old and 1yr old.

Which stocks would I be best suited to pic for them as an investment that i can gift them at 18yrs Old.



Safaricom
VituVingiSana
#4 Posted : Friday, November 03, 2023 11:44:39 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
mufasa wrote:
Good Morning Wazuans (Wazurians),

I have three kids 10yrold, 7yr old and 1yr old.

Which stocks would I be best suited to pic for them as an investment that i can gift them at 18yrs Old.

None. Kula that money instead of spending it on kids who will likely do nothing for you in your old age. Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#5 Posted : Friday, November 03, 2023 11:50:28 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
mufasa wrote:
Good Morning Wazuans (Wazurians),

I have three kids 10yrold, 7yr old and 1yr old.

Which stocks would I be best suited to pic for them as an investment that i can gift them at 18yrs Old.

None. Kula that money instead of spending it on kids who will likely do nothing for you in your old age. Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
muganda
#6 Posted : Friday, November 03, 2023 11:55:05 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
I'm wondering whether the fitting title should have been
infrastructure bond for my children.

At current interest rates, your children would receive triple their investment, as long as you reinvested interest payments in similar bond, in just 7 years.


mlennyma
#7 Posted : Friday, November 03, 2023 11:57:48 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,182
Location: nairobi
muganda wrote:
I'm wondering whether the fitting title should have been
infrastructure bond for my children.

At current interest rates, your children would receive triple their investment, as long as you reinvested interest payments in similar bond, in just 7 years.




Something which a stock can do in one year on a good run
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#8 Posted : Friday, November 03, 2023 3:17:07 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,671
Location: NAIROBI
VituVingiSana wrote:
mufasa wrote:
Good Morning Wazuans (Wazurians),

I have three kids 10yrold, 7yr old and 1yr old.

Which stocks would I be best suited to pic for them as an investment that i can gift them at 18yrs Old.

None. Kula that money instead of spending it on kids who will likely do nothing for you in your old age. Laughing out loudly

You should be thinking about your survival in retirement using returns from the NSE.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#9 Posted : Friday, November 03, 2023 3:20:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,671
Location: NAIROBI
My 2 cents wrote:
mufasa wrote:
Good Morning Wazuans (Wazurians),

I have three kids 10yrold, 7yr old and 1yr old.

Which stocks would I be best suited to pic for them as an investment that i can gift them at 18yrs Old.



Safaricom


Transcentury
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#10 Posted : Friday, November 03, 2023 3:54:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
mlennyma wrote:
muganda wrote:
I'm wondering whether the fitting title should have been
infrastructure bond for my children.

At current interest rates, your children would receive triple their investment, as long as you reinvested interest payments in similar bond, in just 7 years.




Something which a stock can do in one year on a good run
Or do what Saf did for those who bought at 40, 30, 25 d'oh!
Or Centum.
Or KCB.

I understand where @Muganda is coming from.

I am living on dividends and interest income.
Capital Gains are history for most counters.

In one of the threads, a guy called @Mihr posted the LOWS seen in March 2020. Most, if not all, prices are lower after 3.5 years!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
My 2 cents
#11 Posted : Friday, November 03, 2023 4:29:31 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
muganda wrote:
I'm wondering whether the fitting title should have been
infrastructure bond for my children.

At current interest rates, your children would receive triple their investment, as long as you reinvested interest payments in similar bond, in just 7 years.




Bonds are for old folks (for income). Money that has decades to grow belongs in stocks.
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