I don't think there's any country in the world that its citizenry can claim to have a better understanding of the stock market than kenyans. The stock market anywhere is complicated even for the analysts who are paid to analyse it. Try watching Bloomberg and see how the experts try to wriggle out of giving a definite opinion on a security
Ordinary people should not invest directly in a stock market. Reason being,majority of the people do not understand how the market works,cannot interpret financial statements and certainly cannot relate economic data to brick and motar elements of the economy. Thats why the shareholders of Kakuzi get free tea sachets while those of KQ demand free air rides.
The average kenyan should be advised to invest through unit trusts or pension schemes if they want to secure their financial future.
But this never happens in Kenya,the land where 'everybody knows something about everything but can't get anything right'.
A comparison of my ping pong investment with my steady pension contributions are starting to indicate some interesting stats. I barely feel the amounts I contribute to the pension yet suddenly the balance is starting to look very healthy,while my direct investments continue to vary wildly and are not giving me the level of satisfaction I expected. I suspect its coz the pension contributions are passive,almost risk free and definitely stress free.
@Jammo,I understand when your pastor claims investing in the market is a gamble,think about it,he does not have a guarantee of any returns,and has no idea how it works. Please do him a favour and introduce him to a unit trust with guaranteed returns.
I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins