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What's the Worst mistake and/Best decision you have made in the NSE todate?
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youcan'tstopusnow
#11 Posted : Wednesday, July 28, 2010 11:15:09 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Jamani wrote:
My worst was investing heavely in Unga at 22, now trading at 12, no dividends for about 5years.

Jamani, you've been holding unga for 5 years? Now thats what I call patience
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#12 Posted : Wednesday, July 28, 2010 11:20:36 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
2012 wrote:
My first buy Mumias @55 after asking 'the broker' and she told me "naona watu wakinunua Mumias hiyo ndiyo inashika sana saa hii" I haven't decided whether that was my biggest mistake or my best lesson.

Ati 'naona watu wakinunua Mumias?' Waaaah!
GOD BLESS YOUR LIFE
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Jamani
#13 Posted : Thursday, July 29, 2010 7:52:42 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
youcan'tstopusnow wrote:
Jamani wrote:
My worst was investing heavely in Unga at 22, now trading at 12, no dividends for about 5years.

Jamani, you've been holding unga for 5 years? Now thats what I call patience


Yes I have, only thing i got is a bonus and i forgot about the share. i cant sell or average now am too late and the cost is too high its a junk stuck with me and a reminder to me of fuata nyayo kind of investment. Its funny to even discuss how and why i came to the decision to buy the share, it remains in my books as an reminder of how not to invest.
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the sage
#14 Posted : Thursday, July 29, 2010 9:12:22 AM
Rank: Member

Joined: 11/20/2008
Posts: 367
Worst-I bought KCB at Sh32.50 and now its hitting Sh17
Best-Stanbic Uganda @Sh70, now its trading at Sh225 and the dividends is awesome.
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sparkly
#15 Posted : Thursday, July 29, 2010 9:30:37 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@jamani wow! But you seem to have lost faith in Unga. Acknowledge your mistake, sell at a loss and buy a more promising stock. I also had eveready and Och but decided to chuck them, at a loss and put the money elsewhere. There are similar stories on wazua, ask @mukiha, @vvs et al @2012 ati hiyo ndiyo inashika sana saa hii, lmao you have made my day.
Life is short. Live passionately.
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Live Wire
#16 Posted : Thursday, July 29, 2010 9:36:12 AM
Rank: Member

Joined: 8/15/2008
Posts: 26
Location: Kampala
Worst, Bought 25,000 Safari com at 5.9 and when the price hit 2.7/=, i panicked and sold off all, Had my investment more than halved in a single decision.

My best is yet to come, but i believe is in the making. Express may do it for me. My instincts and not anything fundamental or technical. Just instincts.
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VituVingiSana
#17 Posted : Thursday, July 29, 2010 9:57:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
O-lose-my-piss

Why did I buy olympia? Everything told me NO... lakini I decided to speculate...

- Scam artist of a CEO
- Politician 'owner'
- Insider dealings
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#18 Posted : Thursday, July 29, 2010 10:26:59 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VVS, got off Olympia at 7.25. I had bought it purely for speculation. But I think we got greedy, since we could have got out when it hit 10.75. Luckily it was just a few hundred shares and going with the low price, i didn't lose a lot of money, though I made a 20 percent loss. But all the same, I really hate losing money. No more speculation for me!
GOD BLESS YOUR LIFE
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sss
#19 Posted : Thursday, July 29, 2010 10:32:00 AM
Rank: Member

Joined: 9/13/2006
Posts: 15
WORST - Sold all CFC just before the announcement at 47.50 6 weeks ago.
BEST - Still holding onto many listed Co's at par value since 70's
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sheep
#20 Posted : Thursday, July 29, 2010 10:37:42 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
I invested my hard earned money in one lot precisely at the tipping point of the market....lost more than 60% in just two months...lesson well learnt.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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