wazua Sun, Nov 17, 2024
Welcome Guest Search | Active Topics | Log In | Register

Old SKerians in Real Estate
Options
Previous Topic · Next Topic
young
#1 Posted : Thursday, July 14, 2011 3:22:12 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Just an observation, many old registered stocks-only wazuarians (Pre 2009) have since diversified into real estate. I do not want to mention names but I am one of them.

That means they are seing something the newer ones are yet to see.

It means that in 2013 there will be more real estate converts after the newer ones hands might have been burnt by solo stocks investment.
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. .
Back to top
 Report Abusive | Report SPAM
accelriskconsult
#2 Posted : Thursday, July 14, 2011 3:36:50 PM
Rank: Member


Joined: 4/2/2011
Posts: 629
Location: Nai
young wrote:
Just an observation, many old registered stocks-only wazuarians (Pre 2009) have since diversified into real estate. I do not want to mention names but I am one of them.

That means they are seing something the newer ones are yet to see.

It means that in 2013 there will be more real estate converts after the newer ones hands might have been burnt by solo stocks investment.



Young you are very right. I liquidated 80% of my stocks between March 2010 and March 2011 and put the proceeds in real estate.

Remember sisinisisinini? That was me then. I started out as a value investor in 2004. However, it was only in late 2009 that I discovered that my talent was really in trading. I thus transferred my long term fund to real estate.
Back to top
WWW
 Report Abusive | Report SPAM
eco
#3 Posted : Thursday, July 14, 2011 4:12:39 PM
Rank: Member


Joined: 6/17/2011
Posts: 229
young wrote:
That means they are seing something the newer ones are yet to see.


It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate. smile
Back to top
 Report Abusive | Report SPAM
Pablo
#4 Posted : Thursday, July 14, 2011 5:07:08 PM
Rank: Member


Joined: 3/17/2008
Posts: 567
Location: Nairobi
I moved away after losing out in NSE after the 2008 dip.
Most of it is as part of a small group of like minded individuals and some on my own.

My philosophy, if u have a good piece of land DONT SELL IT. Develop it or parter with others to develop it.
Back to top
 Report Abusive | Report SPAM
young
#5 Posted : Thursday, July 14, 2011 5:14:32 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Pablo wrote:
I moved away after losing out in NSE after the 2008 dip.
Most of it is as part of a small group of like minded individuals and some on my own.

My philosophy, if u have a good piece of land DONT SELL IT. Develop it or parter with others to develop it.


@Pabio,

God bless you , I have learnt a lot from your contributions in real estate especially questions for the architect thread.

It is really a pleasant suprise that you are not a real estate professional.

I still remember in 2008 we were together with full blown Equity shares. you might forget.
I am just starting to conclude plots acquisition phase , the next phase which is building proper , I will tap a lot into your wisdom and also the books I have read.

In sub saharan Africa we can only manufacture two things from raw materials :-
(a) House
(b) Food.

Regards
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. .
Back to top
 Report Abusive | Report SPAM | Edit by user: Thursday, July 14, 2011 5:32 PM | Reason: Not specified
Pablo
#6 Posted : Thursday, July 14, 2011 11:14:29 PM
Rank: Member


Joined: 3/17/2008
Posts: 567
Location: Nairobi
Thanks Young.
Am just a contraversial investor with many enemies from the real estate industry. (except you Fatony my brother).
Young tell us when yr in town we can have a goat eating session. Am sure as a senior wazua member many us will want to meet u.

@Fantony where are u on this discussion?
Back to top
 Report Abusive | Report SPAM
Kwanini
#7 Posted : Friday, July 15, 2011 11:00:43 AM
Rank: Member


Joined: 1/28/2009
Posts: 353
Location: Cloud
Pablo wrote:
....
My philosophy, if u have a good piece of land DONT SELL IT. Develop it or parter with others to develop it.



Pab, if they dont sell how do you get to buy? ... Realty is the King anytime, anywhere. Just wait for November and check out the overflowing tears emerging from NSE... The smell of black cotton is much sweeter....
"For i am the master and the captain of my fate"
Back to top
 Report Abusive | Report SPAM
young
#8 Posted : Friday, July 15, 2011 12:13:31 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria

Thanks @Pabio will get in touch when I plan to vist NBO.
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. .
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.