Hi Wazuans,

Here is another dude fresh outta campus, newly employed and desperately needing financial development.

I want to invest about KSh. 10,000 monthly from my salary in either a SACCO or buying stock. Joining a SACCO is straightforward- Buying stock? I have not a single idea!

I've Googled around, saw something about opening an account with firms like Dyer & Blair and a CDSC account etc but I don't have that clear pathway of actually how I buy shares of a particular company and get dividends e.c

Which is the best way to start?
Do buyers get conned?
Any stocks that currently look promising?

I have lots of questions that I'll clarify with your much appreciated responses.

Thanks.

welcome to wazua!This is the right forum in which you will learn and grow.I have personally learnt alot though as you can see im two months old in this forum.But i have found good people here who are really very helpful.Enyands,vvs,ericsson,aguy and obiero are great people.They have been very helpful to me since i entered here in aprill i feel im long.
First things first. You will need to open a cdsc account with a brokerage firm or an investment bank of your choice.If you dont have time,you will relie on your broker or investment bank on what shares to buy or sell.If you have time you can research in the market and make your own decisions.
It will also depends on what you want to gain the market,dividends? capital gains? the choice is yours.The stock investment is a high risk venture.Take your time and learn slowly.To help you started,buy equity bank shares and hold them for one to two years as you learn how the market works.You will then add other stocks slowly as you continue to grow.Wishing you all the best.

Visit a stocks broker of your choice. When u set up your account with them, you will be able to buy stocks through them to your account. Dividends are distributed to the bank account you give the broker.
It's not easy to be conned unless it's a fishy broker. Most are professional. The broker will provide you with a CDSC account.

For stocks to buy, first use the wazua fantasey market for at least 6 months to get a hang of it without losing you're own money.

My personal advice. View stocks like a plot, house or business you buy. Those are long term right? Not like sportpesa bets and you will succeed

Bear market is the best time to make Money for the patient, if u hold till the bull 2-5 yrs normally . As long as you don't buy a crap stock.

Open the cdsc account first.You will ask your broker to help you choose which shares to buy.Also Browse previous wazua threads for useful info.On my own personal opinion i rate the following stocks highly: 1.Equity bank 2.Safaricom 3.Kcb 4.Kengen.The decision is purely yours on which stock to buy.Do your own research and take time before making any decision.