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VituVingiSana's MIGHTY road to wealth. Take notes!
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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sparkly wrote:VituVingiSana wrote:sqft wrote:VituVingiSana wrote:amorphous wrote:VituVingiSana wrote:sparkly wrote:
Respectfully that is not a spectacular return. If you invest 20m in a Treasury Bill earning a modest 8% per annum and compound the interest, you end up with 43m in 10 years.
Quote:I didn't think you had the patience  to dispense such logic.  Quote:Let's not forget the issues with land in Kenya from squatters to fake titles. These are all myths that apply to those who do not do their due diligence. I have been buying mugundas for aeons and have never had any issues whatsoever. By the way mugundas get lots of bad press but if you go to any registry, you will find prolly 99% of transactions happening shwaaa without any hitches. The 1% that makes the news is what you are harping on. Can the same be said for hisa? Probably 85% of hisa companies on the casino THAT HAVE NOT COLLAPSED YET (the collapsed ones that were delisted are a mile long) are SUPER CORRUPT and can anguka at any time. That is a scary statistic! I shouldn't be enjoying these discussions as much as I am Anyway, I am going to sign off for now. Lots of webinars, live-streaming and reading to do this month. Let's catch up in 6 months. As promised, any significant updates will be provided.  So now COMPOUNDING is the IN THING and everyone has been COMPOUNDING their gains for 10YRS PLUS. I thought they have been living off the gains. Simple lessons: Spend less than you earn (salary, dividends, interest, rent, etc) Keep some emergency cash/liquidity handy Invest the rest in good investments  Compounding kicks in Relax Further, investment is synonymous with compounding. People should differentiate expenditure from investment. Why are you emphasizing the obvious ? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Spikes wrote:sparkly wrote:VituVingiSana wrote:sqft wrote:VituVingiSana wrote:amorphous wrote:VituVingiSana wrote:sparkly wrote:
Respectfully that is not a spectacular return. If you invest 20m in a Treasury Bill earning a modest 8% per annum and compound the interest, you end up with 43m in 10 years.
Quote:I didn't think you had the patience to dispense such logic. Quote:Let's not forget the issues with land in Kenya from squatters to fake titles. These are all myths that apply to those who do not do their due diligence. I have been buying mugundas for aeons and have never had any issues whatsoever. By the way mugundas get lots of bad press but if you go to any registry, you will find prolly 99% of transactions happening shwaaa without any hitches. The 1% that makes the news is what you are harping on. Can the same be said for hisa? Probably 85% of hisa companies on the casino THAT HAVE NOT COLLAPSED YET (the collapsed ones that were delisted are a mile long) are SUPER CORRUPT and can anguka at any time. That is a scary statistic! I shouldn't be enjoying these discussions as much as I am Anyway, I am going to sign off for now. Lots of webinars, live-streaming and reading to do this month. Let's catch up in 6 months. As promised, any significant updates will be provided. So now COMPOUNDING is the IN THING and everyone has been COMPOUNDING their gains for 10YRS PLUS. I thought they have been living off the gains. Simple lessons: Spend less than you earn (salary, dividends, interest, rent, etc) Keep some emergency cash/liquidity handy Invest the rest in good investments Compounding kicks in Relax Further, investment is synonymous with compounding. People should differentiate expenditure from investment. Why are you emphasizing the obvious ? For the benefit of slow learners. Life is short. Live passionately.
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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 Interim report Wueuuweeeh! VVS is on a roll! Did you buy or sell anything this month? In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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No major sales or purchases in June expected. I&M Dividend ni ndani @2.55 (less W/Tax) on 26 June 2020 *Waiting for Centum at 1.20; KenyaRe at 0.10; SCB at 7.50; DTB at 2.60; Stanbic at 5.80; Jubilee 8.00 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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VituVingiSana wrote:No major sales or purchases in June expected.
I&M Dividend ni ndani @2.55 (less W/Tax) on 26 June 2020
*Waiting for Centum at 1.20; KenyaRe at 0.10; SCB at 7.50; DTB at 2.60; Stanbic at 5.80; Jubilee 8.00  For ease of calculation as well as advantage to you, no commissions or WHT will be deducted. Looking food so far. Kindly provide dividends as they emerge. You are heavily weighted on KNRE which could be dangerous (or advantageous) but time shall tell. So far so good! In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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amorphous wrote:VituVingiSana wrote:No major sales or purchases in June expected.
I&M Dividend ni ndani @2.55 (less W/Tax) on 26 June 2020
*Waiting for Centum at 1.20; KenyaRe at 0.10; SCB at 7.50; DTB at 2.60; Stanbic at 5.80; Jubilee 8.00 For ease of calculation as well as advantage to you, no commissions or WHT will be deducted. Looking food so far. Kindly provide dividends as they emerge. You are heavily weighted on KNRE which could be dangerous (or advantageous) but time shall tell. So far so good! 2020 - No cash dividend expected for Unga, KAPC, WTK, FTG, NCBA, Equity and LKL This is just 1 month of 48 months. There will be both good and bad times months in between. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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SBIC dividend @ 5.80 (less W/Tax) ni ndani. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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VituVingiSana wrote:SBIC dividend @ 5.80 (less W/Tax) ni ndani.  A little under 75k in dividends this month, not bad! In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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amorphous wrote:VituVingiSana wrote:SBIC dividend @ 5.80 (less W/Tax) ni ndani. A little under 75k in dividends this month, not bad! Good months. Bad months. It's a 48 month journey. A severe dividend drought is on its way. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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 Month 1 review. So far you are afloat although some counters have started bleeding red. But as I said before the danger is if one of your core holdings (KNRE, ICDC, UNGA, IMH) starts to tank, you are TOAST. Casino is a funny place. One minute things are going smoothly shwaaa..next thing as you are watching news munching njugu with your wife and kids you hear "supplier scandal rocks Unga!" After trading hours of couse. And all of a sudden your solid portfolio turns into a bag of SMOKE OVERNIGHT . THIS IS KIINYA! I sincerely hope this does not happen to ya, but I know this casino all too well In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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VituVingiSana's MIGHTY road to wealth. Take notes!
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