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10 reasons for investing in Mutual funds........
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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That's is it! Concept & Practise. I have learned something new from U today & ur other posts, and I am thankful. That is in order 
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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Pardon my typo mistake here, the correct link for BFUND is http://www.databankgroup...UND%20REPORT%202010.pdf
What I posted earlier is for equally good MFUND which is their money market product. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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Thanks to you Cde I admire the risk you took in ZIM and the patience paid. I was like a crazy man when I told my friends here in Nigeria that I want to invest in Kenya. But today my cumulative returns inK enya market is nothing to compare to Nigeria !!! The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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young wrote:Thanks to you Cde I admire the risk you took in ZIM and the patience paid.
I was like a crazy man when I told my friends here in Nigeria that I want to invest in Kenya.
But today my cumulative returns inK enya market is nothing to compare to Nigeria !!! Yup! Even Jesus made it big out of Nazereth see you when we get there bro...
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ young - This databank group do not have an agent here in Kenya..i am interested in investing with them but i would prefer if they have someone here in Kenya also.
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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FUNKY wrote:@ young - This databank group do not have an agent here in Kenya..i am interested in investing with them but i would prefer if they have someone here in Kenya also. Unfortunately their branches is only in west african region. You may call them directly for a possible way out. A SACCO (or SOCCO ?) would have been more ideal to pool funds together and send a representative to Ghana. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Hi everyone, I have been reading posts for a while, and I finally feel compelled to reply. As a current investor, I would classify mutual funds, index funds or any other funds that follow a particular index as a waste of time for a serious investor. I am talking from experience, I invested in an index fund during the 2008 stock market collapse in the US. While I made a good profit, it pales in comparison to what I would have made had I invested the Warren Buffett way. A quick exapmle is Citigroup was selling at around $10/share at the time of my investment, it is now selling at$40/share and this is within a 2 year span. There is a reason why Warren Buffett does not invest in mutual funds, he instead does selective contrarian investing, where you pick up stocks of great companies at their absolute lowest selling price. Unfortunately I can only comment on US Equities, but i'm pretty sure the same formula can work at the NSE. Just keep in mind that when you buy a mutual fund, you are giving that funds' manager complete control over your money, and most managers just mimick the index, rarely do they beat it.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Nabwire wrote:Hi everyone, I have been reading posts for a while, and I finally feel compelled to reply. As a current investor, I would classify mutual funds, index funds or any other funds that follow a particular index as a waste of time for a serious investor. I am talking from experience, I invested in an index fund during the 2008 stock market collapse in the US. While I made a good profit, it pales in comparison to what I would have made had I invested the Warren Buffett way. A quick exapmle is Citigroup was selling at around $10/share at the time of my investment, it is now selling at$40/share and this is within a 2 year span. There is a reason why Warren Buffett does not invest in mutual funds, he instead does selective contrarian investing, where you pick up stocks of great companies at their absolute lowest selling price. Unfortunately I can only comment on US Equities, but i'm pretty sure the same formula can work at the NSE. Just keep in mind that when you buy a mutual fund, you are giving that funds' manager complete control over your money, and most managers just mimick the index, rarely do they beat it. Precisely...
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Thanks Cde. Are you invested at the NSE?? I am interested in investing but do not know how to due to distance( I am currently not in a position to travel to Kenya) I dont want to rely on relatives coz they burned me during the Safcom IPO. How can I get started from a distance? I see alot of buying opportunities right now at the NSE.
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Rank: Member Joined: 7/9/2011 Posts: 730 Location: Nairobi
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@Nabwire you can open a CDS account if you dont already have one and send instructions by email to your broker. i am with NIC, i however dont like their response time of late, I plan to move to CFC where they have better service (from others advice) good luck our goals are best achieved indirectly
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