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Nairobi Stock Exchange - Is Ngenye Kariuki sinking?
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Cicero
#11 Posted : Saturday, February 06, 2010 8:11:26 AM
Rank: Member

Joined: 7/7/2009
Posts: 111
I made a point early on of never going to individual run/named stock brockers especially in Kenya. And i would even fear investing in family run businesses safe for Nakumatt and Kiroche Breweries were they in the NSE ... Laughing out loudly
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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RichVee
#12 Posted : Saturday, February 06, 2010 8:34:34 AM
Rank: Member

Joined: 1/26/2010
Posts: 124
I guess i better stick with my CFC Stanbic,inspite of their inefficiencies!
Tired of mediocrity. Am going to the very top!
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sparkly
#13 Posted : Sunday, February 07, 2010 4:47:05 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@popat, were you sorted out? My advice... With these failing brokers, run at the earliest sign of trouble. Don't wait to be a stat. Safety of your money comes first. You can transfer the shares later.
Life is short. Live passionately.
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VituVingiSana
#14 Posted : Sunday, February 07, 2010 7:18:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Well... run baby run...

It's like the banks... I prefer the multinationals for 'safety' but like strong mid-tier for services...

I avoid the likes of City Finance, etc... too small... too scary!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wasee
#15 Posted : Monday, February 08, 2010 4:59:53 AM
Rank: Member

Joined: 2/5/2010
Posts: 273
Location: NBI
unless one has insider information that when u will know a stockbroker is going down. for most of us i think its only prudent that you diversify.
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VituVingiSana
#16 Posted : Monday, February 08, 2010 7:38:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@wasee - Diversify among brokers?
Better to find a solid broker!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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selah
#17 Posted : Monday, February 08, 2010 9:01:12 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
The funny thing is, when you wanted funding for the safaricom shares from KREP bank you had( must) to open a CDS account with Ngenye kariuki.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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VituVingiSana
#18 Posted : Monday, February 08, 2010 9:08:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@selah - All banks & brokers had set up 'alliances' during safaricom...

So it all dependent on the bank you went to...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, February 08, 2010 9:27 AM | Reason: Not specified
Much Know
#19 Posted : Monday, February 08, 2010 9:23:50 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
By the way, Mr. Jimnah is so quiet these days
Ras Kienyeji Man
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Gatheuzi
#20 Posted : Monday, February 08, 2010 2:10:05 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
I have always preferred banks as far as brokerage is concerned. At least they have a huge capital base and they are used to more rigorous scrutiny.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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