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Living entirely off the stock market
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obiero
#11 Posted : Tuesday, May 12, 2015 6:30:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
whiteowl wrote:
Yes it's possible but you must factor in your personal expenses vs the gains you are making.You should have a significant amount possibly in 6 digits or more so that the gains you make are big enough to cater for your upkeep when you aren't trading(during a bear) .

Its possible, but difficult.. Others have already explained the pitfalls in this thread
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MaichBlack
#12 Posted : Tuesday, May 12, 2015 6:54:10 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,851
Yes you can!!!

But you have to be one hell of a big shot or one very frugal Kenyan. You can also play the market but personally I am not a fan!

Be among the "chosen" few

Start Cherry-picking stocks NOW, live entirely off the stock market IN FUTURE

But you can still do it without being a wealthy investor. But what you lack in money you should make up with extensive knowledge of the business environment, current affairs and the stock business - and approx. 5 million bob!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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dunkang
#13 Posted : Tuesday, May 12, 2015 7:27:20 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Just like in a Casino, trying to live of the NSE is purely gambling. And as you already know, only the house wins (read brokers). I personally trade at the NSE as a hobby.

If you meant waiting for annual dividends, BOSS, you will need a lot of capital, the div yields are not that good.
Receive with simplicity everything that happens to you.” ― Rashi

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watesh
#14 Posted : Wednesday, May 13, 2015 9:58:17 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Stock trading not an easy task. Getting in at the right price every month is hard plus some months are just slow months with no big news affecting listed companies. So its not sth stable.
Dividends you need a lot of money. Investing in growing companies, for every 10m you put in you can make an average of 35k a month. This eventually grows over the years if you own growing companies'shares.
Otherwise be a stock broker
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ike
#15 Posted : Wednesday, May 13, 2015 10:22:15 AM
Rank: Member

Joined: 7/2/2014
Posts: 123
it could be possible with the right tools, but from a humanistic perspective it'd probably be the most dehumanizing career?? imagine being holed up in a room trading numbers...you'd wake up at 60 and realize you never contributed anything to humanity... so maybe its best as a hobby
,
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maka
#16 Posted : Wednesday, May 13, 2015 10:47:46 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
dunkang wrote:
Just like in a Casino, trying to live of the NSE is purely gambling. And as you already know, only the house wins (read brokers). I personally trade at the NSE as a hobby.

If you meant waiting for annual dividends, BOSS, you will need a lot of capital, the div yields are not that good.


Really?I have made quite a bit out of trading...I have clients who have made astronomical figures....
possunt quia posse videntur
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IamKenya
#17 Posted : Wednesday, May 13, 2015 11:36:47 AM
Rank: Hello

Joined: 5/13/2015
Posts: 1
Sorry to go off topic kidogo. I just stumbled upon this link below. Is this possible? Or am I looking at the newest scam in Nairobi?

http://truckerskenya.co.ke/join-us/
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winmak
#18 Posted : Wednesday, May 13, 2015 11:57:30 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
maka wrote:
dunkang wrote:
Just like in a Casino, trying to live of the NSE is purely gambling. And as you already know, only the house wins (read brokers). I personally trade at the NSE as a hobby.

If you meant waiting for annual dividends, BOSS, you will need a lot of capital, the div yields are not that good.


Really?I have made quite a bit out of trading...I have clients who have made astronomical figures....


And you are not a Wanjiku... I suspect the question was posed from a Wanjikuish point of view...
For investors as a whole, returns decrease as motion increases ~ WB
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winmak
#19 Posted : Wednesday, May 13, 2015 12:07:34 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
[quote=IamKenya]Sorry to go off topic kidogo. I just stumbled upon this link below. Is this possible? Or am I looking at the newest scam in Nairobi?

http://truckerskenya.co.ke/join-us/[/quote]

Very colourful site I must say... I only got worried when I read average annual return of 83%. At least they didn't say guaranteed...

Let wiser wazuans analyze if it's quail or not...
For investors as a whole, returns decrease as motion increases ~ WB
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Sober
#20 Posted : Wednesday, May 13, 2015 12:10:53 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
maka wrote:
dunkang wrote:
Just like in a Casino, trying to live of the NSE is purely gambling. And as you already know, only the house wins (read brokers). I personally trade at the NSE as a hobby.

If you meant waiting for annual dividends, BOSS, you will need a lot of capital, the div yields are not that good.


Really?I have made quite a bit out of trading...I have clients who have made astronomical figures....


A couple of things must be clear before you start living off stocks:
1. What gains are you looking at per year?
2. The gains are a % of what you put in
3. what happens when stocks dip?
4. You should 'eat' the gains only not the capital
5. what is the exit point for each counter?
6. You must diversify...

If those are clearly noted and commented on, then whether the answer is Yes or No will come out clearly
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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