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Rank: Member Joined: 12/15/2010 Posts: 162
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Seconded Bank of Kigali advice. This could be a cash cow. However, note that it will start trading 29th of Aug
T Bill advice may not be very appealing for you. The shortest time you can put money in T Bills is 91 days and you will make peanuts. If you had participated in last action (27.06.2011), the return for your 200k would be 4,386 after 3 months (calculated at the Weighted Average Rate of accepted bids)
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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invest0r wrote:Seconded Bank of Kigali advice. This could be a cash cow. However, note that it will start trading 29th of Aug
T Bill advice may not be very appealing for you. The shortest time you can put money in T Bills is 91 days and you will make peanuts. If you had participated in last action (27.06.2011), the return for your 200k would be 4,386 after 3 months (calculated at the Weighted Average Rate of accepted bids) Could have sworn that the minimum to invest in t-Bills is 1 metre.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Why are we encouraging this guy to take this road of ruin?
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Rank: Member Joined: 12/15/2010 Posts: 162
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Gordon Gekko wrote:invest0r wrote:Seconded Bank of Kigali advice. This could be a cash cow. However, note that it will start trading 29th of Aug
T Bill advice may not be very appealing for you. The shortest time you can put money in T Bills is 91 days and you will make peanuts. If you had participated in last action (27.06.2011), the return for your 200k would be 4,386 after 3 months (calculated at the Weighted Average Rate of accepted bids) Could have sworn that the minimum to invest in t-Bills is 1 metre. True GG, although CBK can take 100K in T Bill auction, to make a meaningful gain in T Bills one needs more than 1m. And even with a 1m, there are better investment alternatives
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Rank: Member Joined: 7/11/2008 Posts: 21
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Av been studying the price movements of several counters in the past month and av realized that its a little bit tricky to get a good gain on them considering the fact that the transaction fees will eat up part of the capital gain.
I had in mind NMG,EABL,DTB & Equity.I might still speculate on them but al increase my duration.
@Gordon gekko & Invest0r,i agree on the T-bills.The rates are the best so far but i believe that there are better investment options.
If you have a loose 1million or more,try commercial papers...nakumatt is a good one tho aint sure if they still need money.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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Time is a friend to the fundamentalist but a foe to the faddist - Warren Buffett Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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FUNKY wrote:The price of KCB might not rise like KenolKobil in the short term. KCB is more of a long term buy. KCB is almost a gauranteed safe-haven in the event that gains don't show in a month's time. H1s are due this month too.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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Dear WAGUMA, I entered NSE to make a quick catch, 16 months later, am still waiting for profits, since i know if i press SELL today, i might as well commit suicide. Instead, i have now found myself buying and buying and buying. As you have been told, 'NSE is not a fish market'. BUY, wait, make profit, SELL. I have learnt the hard way, but am better off since i've not yet sold! Yours Sincerely, dunkang FOR: TRADERS FORCED TO INVEST (pty). Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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dunkang wrote:Dear WAGUMA,
I entered NSE to make a quick catch, 16 months later, am still waiting for profits, since i know if i press SELL today, i might as well commit suicide.
Instead, i have now found myself buying and buying and buying.
As you have been told, 'NSE is not a fish market'. BUY, wait, make profit, SELL.
I have learnt the hard way, but am better off since i've not yet sold!
Yours Sincerely,
dunkang
FOR: TRADERS FORCED TO INVEST (pty). @WAGUMA...Tafakari haya.
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Rank: Member Joined: 4/15/2008 Posts: 238
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WAGUMA wrote:Hey wazuans,
I need some advice on a stock i can invest in for a short duration of time.I have 200k that ad like to invest for one month only so basically i want a good counter to speculate on.
200k is good money to start with but just like a business, this is capital. Now, you need to learn NOT to SPECULATE with your capital but be a TRADER. It is impossible to speculate and consistently be a winner. Having said that prepare yourself for a loss, that 200k will get hit but you never really loose unless you get out, dont worry it will come back. the key is to learn the mkt and become a trader and not a speculator. Like someone here put it. THIS IS NOT A FISH MKT  Do it today! Tomorrow is promise to no-one.
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