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Why investing in the NSE is fool's gold and a waste
Rank: New-farer Joined: 7/16/2018 Posts: 23
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kenyan2019 wrote:hardwood wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.
https://www.standardmedi...-smes-are-dying-annually
So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info.
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Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment.
Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded.
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Rank: New-farer Joined: 5/19/2014 Posts: 68 Location: Migori
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Bishofu wrote:kenyan2019 wrote:hardwood wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.
https://www.standardmedi...-smes-are-dying-annually
So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info.
.
Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment.
Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded.
Which is the point of the discussion. That starting a business is not everyone's cup of tea. And some individuals are better off finding other investment opportunities. Learning to sit on my hands
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Rank: New-farer Joined: 12/30/2018 Posts: 94
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Bishofu wrote:kenyan2019 wrote:hardwood wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.
https://www.standardmedi...-smes-are-dying-annually
So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info.
.
Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment.
Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded.
I posted the link in response to the arguments of bales and ladies clothes. I am from a family who has been in various businesses since 1950s and its not what people are trying to portray. Various aspects matter, for example, if your dad bought a 50 acre land, then you investing in it would be easier now, but you would rarely see a person buying from his own pocket and making it at the same time. The same for other SMEs, especially rent etc. I hope you get my point.
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Rank: Member Joined: 1/1/2011 Posts: 396
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kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.
https://www.standardmedi...-smes-are-dying-annually
That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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jmbada wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.
https://www.standardmedi...-smes-are-dying-annually
That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom.
Journalism in kenya died,local media nwdays aren't interested in conveying the reality on the ground. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/1/2011 Posts: 396
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Ericsson wrote:jmbada wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.
https://www.standardmedi...-smes-are-dying-annually
That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom.
Journalism in kenya died,local media nwdays aren't interested in conveying the reality on the ground.
Yes. But this is literallybrwading and transcribing from a report. Should be quite straightforward.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.
The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.
“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...27088-q920bhz/index.html
Did anyone even notice soko mjinga was offline?
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.
The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.
“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...27088-q920bhz/index.html
Did anyone even notice soko mjinga was offline?
Guys gave up due to the bear run. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.
The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.
“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...27088-q920bhz/index.html
Did anyone even notice soko mjinga was offline?
Lol nope 
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Horton wrote:wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.
The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.
“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...27088-q920bhz/index.html
Did anyone even notice soko mjinga was offline?
Lol nope
How did a few hours blackout lead to "heavy losses"
Life is short. Live passionately.
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Why investing in the NSE is fool's gold and a waste
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