Wazua
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No Elliot Wave here. Noisemaker makes NSE millions
Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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SourceQuote:The stock market is growing, and many people are taking advantage of it to invest their money. However, so many people lack the general knowledge on the best investment plans. Alois Chami, who has shares in nearly all the NSE listed firms and more than 44 years experience in the stock market gives his advice on stock market. He is a constant feature at most AGMs and very vocal on issues relating to the companies he has invested in.
Get some stocks: Once you invest in stock exchange, you become a sleeping partner and the company becomes active. Later on you get profits and dividends. The initial capital you gave, which is your money, is protected. Nowadays there are regulations from the CMA and the NSE that protect shareholders in case a company goes under.
Be bold: When you want to invest, you have to have some confidence about it. When I started out, I would invest half of my salary in shares. I started alone, without anybody advising me. I went to the stock exchange back in 1973, found people on the trading floor and I got about three brokers. They told me “If you buy from this counter, if it is low today and goes up tomorrow and you come and sell, you will getSee Also: An investment product that pays Sh25k for Sh600 invested additional money.” I was inspired because I figured that since I will not have physically worked for that money, unlike in my 9-5 job, there was a good future in it. I started right away.
Go to the banks: If you want to start from scratch, approach any stockbroker for advice. We depend on them for whatever we do; buying and selling. Nowadays they are found within banks, which have taken over stock broking through subsidiaries and it is the best way because they keep money and cannot be broke. If the stock broker is weak, the bank supports the brokerage side with its own money, unlike before when it was done by companies owned by individual people who would sometimes lose money.
Buy while the prices are low: The best time to invest is when the company prices are low. This has been my guiding principle all through. Watch them, and if the company works well and the shares prices go high, then you can offload some.
You will not always get it right: We invested in some companies that went under later, like Kenya Finance. Nowadays that does not happen because there are regulations, but sometimes we also buy into companies that do not give dividends. Those mistakes are unforeseen.
They only appear when you have already bought shares. If you invest in a company which is starting out, you can buy shares at Sh10 and then it slows down and starts selling at Sh5. It is not a mistake of your own making but of the company that has listed itself on the stock exchange. You cannot avoid that, sometimes.
Read the signs: Monitor the stock exchange to see how share prices are performing. Also, if a company has good results yearly and quarterly, it gives you an upper hand of knowing whether it is doing well.
Stay informed: Companies announce their quarterly reports in the press. For shareholders, they also post brochures and sometimes brokers know how different companies are performing. Performance of a company also depends on the CEOs and Finance Directors.
Keep them on their toes: You do this by asking questions. I ask so many questions and sometimes I call companies I have invested in, wanting to talk to CEOs and they give me a chance. AGMs are must attend events for me as it gives me the opportunity to continue asking questions.
Learn some accounting: When you go to the AGMs and meetings where companies announce results, they will give you a big booklet that has balance sheets, cash flow statements, profit and loss statements and so on. I did accounting in 1965, so I know a bit of it. When you understand accounting, you are able to ask the right questions. That way, you get specific answers. If you smell a rat, you can sell your stock.
Diversify your portfolio: I decided to have many companies which are listed on the stock exchange in my portfolio, so that if one does not do well, another one doing well will recover my loss. I wanted to buy in many because some do not pay dividends, while others will pay big dividends and that covers the weak ones. The simple moral of the story, time is your friend in the market. You don't have to be particularly bright or analytical if you are a long termer. Charlie Munger for example was not the sharpest tool in the shed but he latched on to Buffett's tail and waited 30 years and the rest is history. Makes a cruel mockery of the Elliot Wave crew 
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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MugundaMan wrote:SourceQuote:The stock market is growing, and many people are taking advantage of it to invest their money. However, so many people lack the general knowledge on the best investment plans. Alois Chami, who has shares in nearly all the NSE listed firms and more than 44 years experience in the stock market gives his advice on stock market. He is a constant feature at most AGMs and very vocal on issues relating to the companies he has invested in.
Get some stocks: Once you invest in stock exchange, you become a sleeping partner and the company becomes active. Later on you get profits and dividends. The initial capital you gave, which is your money, is protected. Nowadays there are regulations from the CMA and the NSE that protect shareholders in case a company goes under.
Be bold: When you want to invest, you have to have some confidence about it. When I started out, I would invest half of my salary in shares. I started alone, without anybody advising me. I went to the stock exchange back in 1973, found people on the trading floor and I got about three brokers. They told me “If you buy from this counter, if it is low today and goes up tomorrow and you come and sell, you will getSee Also: An investment product that pays Sh25k for Sh600 invested additional money.” I was inspired because I figured that since I will not have physically worked for that money, unlike in my 9-5 job, there was a good future in it. I started right away.
Go to the banks: If you want to start from scratch, approach any stockbroker for advice. We depend on them for whatever we do; buying and selling. Nowadays they are found within banks, which have taken over stock broking through subsidiaries and it is the best way because they keep money and cannot be broke. If the stock broker is weak, the bank supports the brokerage side with its own money, unlike before when it was done by companies owned by individual people who would sometimes lose money.
Buy while the prices are low: The best time to invest is when the company prices are low. This has been my guiding principle all through. Watch them, and if the company works well and the shares prices go high, then you can offload some.
You will not always get it right: We invested in some companies that went under later, like Kenya Finance. Nowadays that does not happen because there are regulations, but sometimes we also buy into companies that do not give dividends. Those mistakes are unforeseen.
They only appear when you have already bought shares. If you invest in a company which is starting out, you can buy shares at Sh10 and then it slows down and starts selling at Sh5. It is not a mistake of your own making but of the company that has listed itself on the stock exchange. You cannot avoid that, sometimes.
Read the signs: Monitor the stock exchange to see how share prices are performing. Also, if a company has good results yearly and quarterly, it gives you an upper hand of knowing whether it is doing well.
Stay informed: Companies announce their quarterly reports in the press. For shareholders, they also post brochures and sometimes brokers know how different companies are performing. Performance of a company also depends on the CEOs and Finance Directors.
Keep them on their toes: You do this by asking questions. I ask so many questions and sometimes I call companies I have invested in, wanting to talk to CEOs and they give me a chance. AGMs are must attend events for me as it gives me the opportunity to continue asking questions.
Learn some accounting: When you go to the AGMs and meetings where companies announce results, they will give you a big booklet that has balance sheets, cash flow statements, profit and loss statements and so on. I did accounting in 1965, so I know a bit of it. When you understand accounting, you are able to ask the right questions. That way, you get specific answers. If you smell a rat, you can sell your stock.
Diversify your portfolio: I decided to have many companies which are listed on the stock exchange in my portfolio, so that if one does not do well, another one doing well will recover my loss. I wanted to buy in many because some do not pay dividends, while others will pay big dividends and that covers the weak ones. The simple moral of the story, time is your friend in the market. You don't have to be particularly bright or analytical if you are a long termer. Charlie Munger for example was not the sharpest tool in the shed but he latched on to Buffett's tail and waited 30 years and the rest is history. Makes a cruel mockery of the Elliot Wave crew There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Spikes wrote:MugundaMan wrote:SourceQuote:The stock market is growing, and many people are taking advantage of it to invest their money. However, so many people lack the general knowledge on the best investment plans. Alois Chami, who has shares in nearly all the NSE listed firms and more than 44 years experience in the stock market gives his advice on stock market. He is a constant feature at most AGMs and very vocal on issues relating to the companies he has invested in.
Get some stocks: Once you invest in stock exchange, you become a sleeping partner and the company becomes active. Later on you get profits and dividends. The initial capital you gave, which is your money, is protected. Nowadays there are regulations from the CMA and the NSE that protect shareholders in case a company goes under.
Be bold: When you want to invest, you have to have some confidence about it. When I started out, I would invest half of my salary in shares. I started alone, without anybody advising me. I went to the stock exchange back in 1973, found people on the trading floor and I got about three brokers. They told me “If you buy from this counter, if it is low today and goes up tomorrow and you come and sell, you will getSee Also: An investment product that pays Sh25k for Sh600 invested additional money.” I was inspired because I figured that since I will not have physically worked for that money, unlike in my 9-5 job, there was a good future in it. I started right away.
Go to the banks: If you want to start from scratch, approach any stockbroker for advice. We depend on them for whatever we do; buying and selling. Nowadays they are found within banks, which have taken over stock broking through subsidiaries and it is the best way because they keep money and cannot be broke. If the stock broker is weak, the bank supports the brokerage side with its own money, unlike before when it was done by companies owned by individual people who would sometimes lose money.
Buy while the prices are low: The best time to invest is when the company prices are low. This has been my guiding principle all through. Watch them, and if the company works well and the shares prices go high, then you can offload some.
You will not always get it right: We invested in some companies that went under later, like Kenya Finance. Nowadays that does not happen because there are regulations, but sometimes we also buy into companies that do not give dividends. Those mistakes are unforeseen.
They only appear when you have already bought shares. If you invest in a company which is starting out, you can buy shares at Sh10 and then it slows down and starts selling at Sh5. It is not a mistake of your own making but of the company that has listed itself on the stock exchange. You cannot avoid that, sometimes.
Read the signs: Monitor the stock exchange to see how share prices are performing. Also, if a company has good results yearly and quarterly, it gives you an upper hand of knowing whether it is doing well.
Stay informed: Companies announce their quarterly reports in the press. For shareholders, they also post brochures and sometimes brokers know how different companies are performing. Performance of a company also depends on the CEOs and Finance Directors.
Keep them on their toes: You do this by asking questions. I ask so many questions and sometimes I call companies I have invested in, wanting to talk to CEOs and they give me a chance. AGMs are must attend events for me as it gives me the opportunity to continue asking questions.
Learn some accounting: When you go to the AGMs and meetings where companies announce results, they will give you a big booklet that has balance sheets, cash flow statements, profit and loss statements and so on. I did accounting in 1965, so I know a bit of it. When you understand accounting, you are able to ask the right questions. That way, you get specific answers. If you smell a rat, you can sell your stock.
Diversify your portfolio: I decided to have many companies which are listed on the stock exchange in my portfolio, so that if one does not do well, another one doing well will recover my loss. I wanted to buy in many because some do not pay dividends, while others will pay big dividends and that covers the weak ones. The simple moral of the story, time is your friend in the market. You don't have to be particularly bright or analytical if you are a long termer. Charlie Munger for example was not the sharpest tool in the shed but he latched on to Buffett's tail and waited 30 years and the rest is history. Makes a cruel mockery of the Elliot Wave crew There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Achana na MugundaMan Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:Spikes wrote:MugundaMan wrote:SourceQuote:The stock market is growing, and many people are taking advantage of it to invest their money. However, so many people lack the general knowledge on the best investment plans. Alois Chami, who has shares in nearly all the NSE listed firms and more than 44 years experience in the stock market gives his advice on stock market. He is a constant feature at most AGMs and very vocal on issues relating to the companies he has invested in.
Get some stocks: Once you invest in stock exchange, you become a sleeping partner and the company becomes active. Later on you get profits and dividends. The initial capital you gave, which is your money, is protected. Nowadays there are regulations from the CMA and the NSE that protect shareholders in case a company goes under.
Be bold: When you want to invest, you have to have some confidence about it. When I started out, I would invest half of my salary in shares. I started alone, without anybody advising me. I went to the stock exchange back in 1973, found people on the trading floor and I got about three brokers. They told me “If you buy from this counter, if it is low today and goes up tomorrow and you come and sell, you will getSee Also: An investment product that pays Sh25k for Sh600 invested additional money.” I was inspired because I figured that since I will not have physically worked for that money, unlike in my 9-5 job, there was a good future in it. I started right away.
Go to the banks: If you want to start from scratch, approach any stockbroker for advice. We depend on them for whatever we do; buying and selling. Nowadays they are found within banks, which have taken over stock broking through subsidiaries and it is the best way because they keep money and cannot be broke. If the stock broker is weak, the bank supports the brokerage side with its own money, unlike before when it was done by companies owned by individual people who would sometimes lose money.
Buy while the prices are low: The best time to invest is when the company prices are low. This has been my guiding principle all through. Watch them, and if the company works well and the shares prices go high, then you can offload some.
You will not always get it right: We invested in some companies that went under later, like Kenya Finance. Nowadays that does not happen because there are regulations, but sometimes we also buy into companies that do not give dividends. Those mistakes are unforeseen.
They only appear when you have already bought shares. If you invest in a company which is starting out, you can buy shares at Sh10 and then it slows down and starts selling at Sh5. It is not a mistake of your own making but of the company that has listed itself on the stock exchange. You cannot avoid that, sometimes.
Read the signs: Monitor the stock exchange to see how share prices are performing. Also, if a company has good results yearly and quarterly, it gives you an upper hand of knowing whether it is doing well.
Stay informed: Companies announce their quarterly reports in the press. For shareholders, they also post brochures and sometimes brokers know how different companies are performing. Performance of a company also depends on the CEOs and Finance Directors.
Keep them on their toes: You do this by asking questions. I ask so many questions and sometimes I call companies I have invested in, wanting to talk to CEOs and they give me a chance. AGMs are must attend events for me as it gives me the opportunity to continue asking questions.
Learn some accounting: When you go to the AGMs and meetings where companies announce results, they will give you a big booklet that has balance sheets, cash flow statements, profit and loss statements and so on. I did accounting in 1965, so I know a bit of it. When you understand accounting, you are able to ask the right questions. That way, you get specific answers. If you smell a rat, you can sell your stock.
Diversify your portfolio: I decided to have many companies which are listed on the stock exchange in my portfolio, so that if one does not do well, another one doing well will recover my loss. I wanted to buy in many because some do not pay dividends, while others will pay big dividends and that covers the weak ones. The simple moral of the story, time is your friend in the market. You don't have to be particularly bright or analytical if you are a long termer. Charlie Munger for example was not the sharpest tool in the shed but he latched on to Buffett's tail and waited 30 years and the rest is history. Makes a cruel mockery of the Elliot Wave crew There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Achana na MugundaMan Even the Chami guy must have been burnt along the way. It is not always rosy!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Angelica _ann wrote:Ericsson wrote:Spikes wrote:MugundaMan wrote:SourceQuote:The stock market is growing, and many people are taking advantage of it to invest their money. However, so many people lack the general knowledge on the best investment plans. Alois Chami, who has shares in nearly all the NSE listed firms and more than 44 years experience in the stock market gives his advice on stock market. He is a constant feature at most AGMs and very vocal on issues relating to the companies he has invested in.
Get some stocks: Once you invest in stock exchange, you become a sleeping partner and the company becomes active. Later on you get profits and dividends. The initial capital you gave, which is your money, is protected. Nowadays there are regulations from the CMA and the NSE that protect shareholders in case a company goes under.
Be bold: When you want to invest, you have to have some confidence about it. When I started out, I would invest half of my salary in shares. I started alone, without anybody advising me. I went to the stock exchange back in 1973, found people on the trading floor and I got about three brokers. They told me “If you buy from this counter, if it is low today and goes up tomorrow and you come and sell, you will getSee Also: An investment product that pays Sh25k for Sh600 invested additional money.” I was inspired because I figured that since I will not have physically worked for that money, unlike in my 9-5 job, there was a good future in it. I started right away.
Go to the banks: If you want to start from scratch, approach any stockbroker for advice. We depend on them for whatever we do; buying and selling. Nowadays they are found within banks, which have taken over stock broking through subsidiaries and it is the best way because they keep money and cannot be broke. If the stock broker is weak, the bank supports the brokerage side with its own money, unlike before when it was done by companies owned by individual people who would sometimes lose money.
Buy while the prices are low: The best time to invest is when the company prices are low. This has been my guiding principle all through. Watch them, and if the company works well and the shares prices go high, then you can offload some.
You will not always get it right: We invested in some companies that went under later, like Kenya Finance. Nowadays that does not happen because there are regulations, but sometimes we also buy into companies that do not give dividends. Those mistakes are unforeseen.
They only appear when you have already bought shares. If you invest in a company which is starting out, you can buy shares at Sh10 and then it slows down and starts selling at Sh5. It is not a mistake of your own making but of the company that has listed itself on the stock exchange. You cannot avoid that, sometimes.
Read the signs: Monitor the stock exchange to see how share prices are performing. Also, if a company has good results yearly and quarterly, it gives you an upper hand of knowing whether it is doing well.
Stay informed: Companies announce their quarterly reports in the press. For shareholders, they also post brochures and sometimes brokers know how different companies are performing. Performance of a company also depends on the CEOs and Finance Directors.
Keep them on their toes: You do this by asking questions. I ask so many questions and sometimes I call companies I have invested in, wanting to talk to CEOs and they give me a chance. AGMs are must attend events for me as it gives me the opportunity to continue asking questions.
Learn some accounting: When you go to the AGMs and meetings where companies announce results, they will give you a big booklet that has balance sheets, cash flow statements, profit and loss statements and so on. I did accounting in 1965, so I know a bit of it. When you understand accounting, you are able to ask the right questions. That way, you get specific answers. If you smell a rat, you can sell your stock.
Diversify your portfolio: I decided to have many companies which are listed on the stock exchange in my portfolio, so that if one does not do well, another one doing well will recover my loss. I wanted to buy in many because some do not pay dividends, while others will pay big dividends and that covers the weak ones. The simple moral of the story, time is your friend in the market. You don't have to be particularly bright or analytical if you are a long termer. Charlie Munger for example was not the sharpest tool in the shed but he latched on to Buffett's tail and waited 30 years and the rest is history. Makes a cruel mockery of the Elliot Wave crew There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Achana na MugundaMan Even the Chami guy must have been burnt along the way. It is not always rosy!!! It cannot be rosy all the way.. Only utopian people believe in such. People like @spikes
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Spikes wrote:[quote=MugundaMan] Source[There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Show me a TA adherent over the long term and I will show you poor man who keeps losing his shirt from market cycle to market cycle. TA is fairy dust. The only more disastrous thing than a TA adherent is one who daytrades! In fact I can bet my bottom shilling that if you get a six year old to use darts on the financial section of a newspaper to make stock picks that they buy and hold for 20 years, the kid would probably make more money over that period of time than all the TA adherents in Kenya combined.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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MugundaMan wrote:Spikes wrote:[quote=MugundaMan] Source[There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Show me a TA adherent over the long term and I will show you poor man who keeps losing his shirt from market cycle to market cycle. TA is fairy dust. The only more disastrous thing than a TA adherent is one who daytrades! In fact I can bet my bottom shilling that if you get a six year old to use darts on the financial section of a newspaper to make stock picks that they buy and hold for 20 years, the kid would probably make more money over that period of time than all the TA adherents in Kenya combined.  I see the gang is also here raising a storm! I think the calamity here, and the reason why Mr Chami's strategy can be discounted, is that most of us here, DON'T have 30 years! That's unless you want to ride your lambo with a walking stick. Huko kwingine it works though, but not to the extent of obsession. If things are going south, TA says so, history says so, a correction is imminent, and one holds on because ... Foolhardy if you ask me. Why all this compulsive obsession of fitting things in a box? Sometimes circumstances forces one to trade, sometimes to swing trade and sometimes to buy and sell same stock (I know you'd try arguing that isn't investing, yet one might end up with an even more number of shares of the same stock)
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Mukiri wrote:MugundaMan wrote:Spikes wrote:[quote=MugundaMan] Source[There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Show me a TA adherent over the long term and I will show you poor man who keeps losing his shirt from market cycle to market cycle. TA is fairy dust. The only more disastrous thing than a TA adherent is one who daytrades! In fact I can bet my bottom shilling that if you get a six year old to use darts on the financial section of a newspaper to make stock picks that they buy and hold for 20 years, the kid would probably make more money over that period of time than all the TA adherents in Kenya combined. I see the gang is also here raising a storm! I think the calamity here, and the reason why Mr Chami's strategy can be discounted, is that most of us here, DON'T have 30 years! That's unless you want to ride your lambo with a walking stick. Huko kwingine it works though, but not to the extent of obsession. If things are going south, TA says so, history says so, a correction is imminent, and one holds on because ... Foolhardy if you ask me. Why all this compulsive obsession of fitting things in a box? Sometimes circumstances forces one to trade, sometimes to swing trade and sometimes to buy and sell same stock (I know you'd try arguing that isn't investing, yet one might end up with an even more number of shares of the same stock) There's no one size fits all investment strategy.. Multiple roads may lead to success. Just not the obviously bad nyani, bandia paths like BITCOIN, MSC, HAFR, UCHUMI, OLYMPIA and others as known by Yasserbigchair list of stocks to sell
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Mukiri wrote:MugundaMan wrote:Spikes wrote:[quote=MugundaMan] Source[There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Show me a TA adherent over the long term and I will show you poor man who keeps losing his shirt from market cycle to market cycle. TA is fairy dust. The only more disastrous thing than a TA adherent is one who daytrades! In fact I can bet my bottom shilling that if you get a six year old to use darts on the financial section of a newspaper to make stock picks that they buy and hold for 20 years, the kid would probably make more money over that period of time than all the TA adherents in Kenya combined. I see the gang is also here raising a storm! I think the calamity here, and the reason why Mr Chami's strategy can be discounted, is that most of us here, DON'T have 30 years! That's unless you want to ride your lambo with a walking stick. Huko kwingine it works though, but not to the extent of obsession. If things are going south, TA says so, history says so, a correction is imminent, and one holds on because ... Foolhardy if you ask me. Why all this compulsive obsession of fitting things in a box? Sometimes circumstances forces one to trade, sometimes to swing trade and sometimes to buy and sell same stock (I know you'd try arguing that isn't investing, yet one might end up with an even more number of shares of the same stock) There's no one size fits all investment strategy.. Multiple roads may lead to success. Just not the obviously bad nyani, bandia paths like BITCOIN, MSC, HAFR, UCHUMI, OLYMPIA and others as known by Yasserbigchair list of stocks to sell You forgot to add bad gorilla (KQ) bandia path John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Spikes wrote:obiero wrote:Mukiri wrote:MugundaMan wrote:Spikes wrote:[quote=MugundaMan] Source[There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Show me a TA adherent over the long term and I will show you poor man who keeps losing his shirt from market cycle to market cycle. TA is fairy dust. The only more disastrous thing than a TA adherent is one who daytrades! In fact I can bet my bottom shilling that if you get a six year old to use darts on the financial section of a newspaper to make stock picks that they buy and hold for 20 years, the kid would probably make more money over that period of time than all the TA adherents in Kenya combined. I see the gang is also here raising a storm! I think the calamity here, and the reason why Mr Chami's strategy can be discounted, is that most of us here, DON'T have 30 years! That's unless you want to ride your lambo with a walking stick. Huko kwingine it works though, but not to the extent of obsession. If things are going south, TA says so, history says so, a correction is imminent, and one holds on because ... Foolhardy if you ask me. Why all this compulsive obsession of fitting things in a box? Sometimes circumstances forces one to trade, sometimes to swing trade and sometimes to buy and sell same stock (I know you'd try arguing that isn't investing, yet one might end up with an even more number of shares of the same stock) There's no one size fits all investment strategy.. Multiple roads may lead to success. Just not the obviously bad nyani, bandia paths like BITCOIN, MSC, HAFR, UCHUMI, OLYMPIA and others as known by Yasserbigchair list of stocks to sell You forgot to add bad gorilla (KQ) bandia path The story of KQ is being written and the authors know what's up and how the story will end.. Wapita njia waendelee kusoma kurasa bila kufahamu kilicho mbele
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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obiero wrote:Spikes wrote:obiero wrote:Mukiri wrote:MugundaMan wrote:Spikes wrote:[quote=MugundaMan] Source[There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Show me a TA adherent over the long term and I will show you poor man who keeps losing his shirt from market cycle to market cycle. TA is fairy dust. The only more disastrous thing than a TA adherent is one who daytrades! In fact I can bet my bottom shilling that if you get a six year old to use darts on the financial section of a newspaper to make stock picks that they buy and hold for 20 years, the kid would probably make more money over that period of time than all the TA adherents in Kenya combined. I see the gang is also here raising a storm! I think the calamity here, and the reason why Mr Chami's strategy can be discounted, is that most of us here, DON'T have 30 years! That's unless you want to ride your lambo with a walking stick. Huko kwingine it works though, but not to the extent of obsession. If things are going south, TA says so, history says so, a correction is imminent, and one holds on because ... Foolhardy if you ask me. Why all this compulsive obsession of fitting things in a box? Sometimes circumstances forces one to trade, sometimes to swing trade and sometimes to buy and sell same stock (I know you'd try arguing that isn't investing, yet one might end up with an even more number of shares of the same stock) There's no one size fits all investment strategy.. Multiple roads may lead to success. Just not the obviously bad nyani, bandia paths like BITCOIN, MSC, HAFR, UCHUMI, OLYMPIA and others as known by Yasserbigchair list of stocks to sell You forgot to add bad gorilla (KQ) bandia path The story of KQ/BICOIN is being written and the authors know what's up and how the story will end.. Wapita njia waendelee kusoma kurasa bila kufahamu kilicho mbele 
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Mukiri wrote:obiero wrote:Spikes wrote:obiero wrote:Mukiri wrote:MugundaMan wrote:Spikes wrote:[quote=MugundaMan] Source[There's no mockery to Elliot Wave. Elliot Wave is for TA specifically for traders. But the story above talks about an investor who has held stocks for decades. FA is necessary ingredient for such long-term decisions. Elliott Wave lives forevermore. Hats off to charts proponents! Show me a TA adherent over the long term and I will show you poor man who keeps losing his shirt from market cycle to market cycle. TA is fairy dust. The only more disastrous thing than a TA adherent is one who daytrades! In fact I can bet my bottom shilling that if you get a six year old to use darts on the financial section of a newspaper to make stock picks that they buy and hold for 20 years, the kid would probably make more money over that period of time than all the TA adherents in Kenya combined. I see the gang is also here raising a storm! I think the calamity here, and the reason why Mr Chami's strategy can be discounted, is that most of us here, DON'T have 30 years! That's unless you want to ride your lambo with a walking stick. Huko kwingine it works though, but not to the extent of obsession. If things are going south, TA says so, history says so, a correction is imminent, and one holds on because ... Foolhardy if you ask me. Why all this compulsive obsession of fitting things in a box? Sometimes circumstances forces one to trade, sometimes to swing trade and sometimes to buy and sell same stock (I know you'd try arguing that isn't investing, yet one might end up with an even more number of shares of the same stock) There's no one size fits all investment strategy.. Multiple roads may lead to success. Just not the obviously bad nyani, bandia paths like BITCOIN, MSC, HAFR, UCHUMI, OLYMPIA and others as known by Yasserbigchair list of stocks to sell You forgot to add bad gorilla (KQ) bandia path The story of KQ/BICOIN is being written and the authors know what's up and how the story will end.. Wapita njia waendelee kusoma kurasa bila kufahamu kilicho mbele @mukiri I see you 😁
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: New-farer Joined: 9/2/2017 Posts: 31
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MugundaMan wrote:SourceThe simple moral of the story, time is your friend in the market. You don't have to be particularly bright or analytical if you are a long termer. Charlie Munger for example was not the sharpest tool in the shed but he latched on to Buffett's tail and waited 30 years and the rest is history. Makes a cruel mockery of the Elliot Wave crew I think some kind of analysis (FA, TA, corporate governance) can help you avoid the worst in NSE. Ama why is Chami insisting that you learn some accounting? But I saw an accountant advising us to borrow using cash as collateral to invest in risky business that needs the same capital as the collateral given to the bank. So, accounting could be overrated. Some guys in UK and US have found monkeys picking stocks using darts outperform the market in the long term. You can choose the Monkey strategy. Go in blindly. Throw the darts. where they land, invest.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Cv254K wrote:I think some kind of analysis (FA, TA, corporate governance) can help you avoid the worst in NSE. Ama why is Chami insisting that you learn some accounting? But I saw an accountant advising us to borrow using cash as collateral to invest in risky business that needs the same capital as the collateral given to the bank. So, accounting could be overrated. Some guys in UK and US have found monkeys picking stocks using darts outperform the market in the long term. You can choose the Monkey strategy. Go in blindly. Throw the darts. where they land, invest. I know many might not want to hear this, but to be honest with you, in the final analysis, all stock market "investing" is essentially speculation. The genius of the financial industry in the "West" starting a little over 140 years or so ago, was how they managed to convince the masses that; 1) putting good money (earned through crazy sweat and toil) over which one has direct control.. 2) into financial 'assets' over which one has zero control (other than FA, and - God forbid - TA!).. 3) on which one "hopes" to make a gain through capital appreciation rather than asset income... is "investing." When people started selling valuable migunda (plots), tangible cows, oxen, houses and farm produce over which they had direct control, to buy digits and numbers on some exchange, sold by ruthless, stock-watering financial killers like Commodore Vanderbilt and Jacob Astor, over which they had zero control, that's when the world of that era started to go mad. It's sanity has not returned to this day, in fact said madness has reached all corners of the globe, and is getting worse by the day! Read; Bitcoin.
That's why the "investing" masses have continued to get sheared ever since -- (Great depression 1929-39, Dot com bust 2001, Global financial crisis 2007/8 (effects still ongoing) and many more in between). And that's also why they will always be outperformed by dart throwing monkeys! Add a cartel economy like Kenya into the mix, where outright corporate fraud is the norm and entire brokerages used to collapse and vanish into the wind up until relatively recently. Why would anyone in their right mind risk a huge chunk of their entire goat in such a casino? Bottom line, for the average Joe or Jill, it is not a very wise move to expose more than 2-3% (at most) of one's hard earned assets to the casino whether in Kenya or anywhere else on God's green earth IMHO. All things (stocks..and "investors" alike) are monkeys in said casino when all is said and done. Shalom.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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MugundaMan wrote:Cv254K wrote:I think some kind of analysis (FA, TA, corporate governance) can help you avoid the worst in NSE. Ama why is Chami insisting that you learn some accounting? But I saw an accountant advising us to borrow using cash as collateral to invest in risky business that needs the same capital as the collateral given to the bank. So, accounting could be overrated. Some guys in UK and US have found monkeys picking stocks using darts outperform the market in the long term. You can choose the Monkey strategy. Go in blindly. Throw the darts. where they land, invest. I know many might not want to hear this, but to be honest with you, in the final analysis, all stock market "investing" is essentially speculation. The genius of the financial industry in the "West" starting a little over 140 years or so ago, was how they managed to convince the masses that; 1) putting good money (earned through crazy sweat and toil) over which one has direct control.. 2) into financial 'assets' over which one has zero control (other than FA, and - God forbid - TA!).. 3) on which one "hopes" to make a gain through capital appreciation rather than asset income... is "investing." When people started selling valuable migunda (plots), tangible cows, oxen, houses and farm produce over which they had direct control, to buy digits and numbers on some exchange, sold by ruthless, stock-watering financial killers like Commodore Vanderbilt and Jacob Astor, over which they had zero control, that's when the world of that era started to go mad. It's sanity has not returned to this day, in fact said madness has reached all corners of the globe, and is getting worse by the day! Read; Bitcoin.
That's why the "investing" masses have continued to get sheared ever since -- (Great depression 1929-39, Dot com bust 2001, Global financial crisis 2007/8 (effects still ongoing) and many more in between). And that's also why they will always be outperformed by dart throwing monkeys! Add a cartel economy like Kenya into the mix, where outright corporate fraud is the norm and entire brokerages used to collapse and vanish into the wind up until relatively recently. Why would anyone in their right mind risk a huge chunk of their entire goat in such a casino? Bottom line, for the average Joe or Jill, it is not a very wise move to expose more than 2-3% (at most) of one's hard earned assets to the casino whether in Kenya or anywhere else on God's green earth IMHO. All things (stocks..and "investors" alike) are monkeys in said casino when all is said and done. Shalom. I need to meet you and shake your hands.. You have spoken the whole truth. That's why I have never invested in more than 12 listed firms at the NSE, USE, RSE since my entry in 2006 and these mainly have had significant/some government holding.. Things like SCOM, KENRE, KEGN, KCB, KQ, SBU, BOK, BRLW. Hizi vitu zingine kama HAFR, ADSS, KURW, FTG etc zinaweza sambaratika saa yeyote bila notisi. Stay woke!
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: New-farer Joined: 9/2/2017 Posts: 31
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obiero wrote:MugundaMan wrote:Cv254K wrote:I think some kind of analysis (FA, TA, corporate governance) can help you avoid the worst in NSE. Ama why is Chami insisting that you learn some accounting? But I saw an accountant advising us to borrow using cash as collateral to invest in risky business that needs the same capital as the collateral given to the bank. So, accounting could be overrated. Some guys in UK and US have found monkeys picking stocks using darts outperform the market in the long term. You can choose the Monkey strategy. Go in blindly. Throw the darts. where they land, invest. I know many might not want to hear this, but to be honest with you, in the final analysis, all stock market "investing" is essentially speculation. The genius of the financial industry in the "West" starting a little over 140 years or so ago, was how they managed to convince the masses that; 1) putting good money (earned through crazy sweat and toil) over which one has direct control.. 2) into financial 'assets' over which one has zero control (other than FA, and - God forbid - TA!).. 3) on which one "hopes" to make a gain through capital appreciation rather than asset income... is "investing." When people started selling valuable migunda (plots), tangible cows, oxen, houses and farm produce over which they had direct control, to buy digits and numbers on some exchange, sold by ruthless, stock-watering financial killers like Commodore Vanderbilt and Jacob Astor, over which they had zero control, that's when the world of that era started to go mad. It's sanity has not returned to this day, in fact said madness has reached all corners of the globe, and is getting worse by the day! Read; Bitcoin.
That's why the "investing" masses have continued to get sheared ever since -- (Great depression 1929-39, Dot com bust 2001, Global financial crisis 2007/8 (effects still ongoing) and many more in between). And that's also why they will always be outperformed by dart throwing monkeys! Add a cartel economy like Kenya into the mix, where outright corporate fraud is the norm and entire brokerages used to collapse and vanish into the wind up until relatively recently. Why would anyone in their right mind risk a huge chunk of their entire goat in such a casino? Bottom line, for the average Joe or Jill, it is not a very wise move to expose more than 2-3% (at most) of one's hard earned assets to the casino whether in Kenya or anywhere else on God's green earth IMHO. All things (stocks..and "investors" alike) are monkeys in said casino when all is said and done. Shalom. I need to meet you and shake your hands.. You have spoken the whole truth. That's why I have never invested in more than 12 listed firms at the NSE, USE, RSE since my entry in 2006 and these mainly have had significant/some government holding.. Things like SCOM, KENRE, KEGN, KCB, KQ, SBU, BOK, BRLW. Hizi vitu zingine kama HAFR, ADSS, KURW, FTG etc zinaweza sambaratika saa yeyote bila notisi. Stay woke! @MugundaMan even putting your hard earned cash into "Migunda" involves some risk, especially here where, even after doing due diligence, you may end up being evicted from your plot. My point: I do not see sense continuing to accumulate land to the extent of buying plots in the middle of nowhere and land with greenhouses that have no roofs. You would be better off diversifying into stock than adding more of an asset you already have "enough" of. Now, when you DECIDE to diversify into stocks, that's where nasema some kind of analysis will serve you well. @Obiero, I made my mistakes during the IPO decades. But what my mistakes taught me was that, when in an abusive marriage (Like you and KQ), it's better to cut your losses, divorce, early. Loss aversion is the cause of most heartbreaks in the NSE.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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obiero wrote:MugundaMan wrote:Cv254K wrote:I think some kind of analysis (FA, TA, corporate governance) can help you avoid the worst in NSE. Ama why is Chami insisting that you learn some accounting? But I saw an accountant advising us to borrow using cash as collateral to invest in risky business that needs the same capital as the collateral given to the bank. So, accounting could be overrated. Some guys in UK and US have found monkeys picking stocks using darts outperform the market in the long term. You can choose the Monkey strategy. Go in blindly. Throw the darts. where they land, invest. I know many might not want to hear this, but to be honest with you, in the final analysis, all stock market "investing" is essentially speculation. The genius of the financial industry in the "West" starting a little over 140 years or so ago, was how they managed to convince the masses that; 1) putting good money (earned through crazy sweat and toil) over which one has direct control.. 2) into financial 'assets' over which one has zero control (other than FA, and - God forbid - TA!).. 3) on which one "hopes" to make a gain through capital appreciation rather than asset income... is "investing." When people started selling valuable migunda (plots), tangible cows, oxen, houses and farm produce over which they had direct control, to buy digits and numbers on some exchange, sold by ruthless, stock-watering financial killers like Commodore Vanderbilt and Jacob Astor, over which they had zero control, that's when the world of that era started to go mad. It's sanity has not returned to this day, in fact said madness has reached all corners of the globe, and is getting worse by the day! Read; Bitcoin.
That's why the "investing" masses have continued to get sheared ever since -- (Great depression 1929-39, Dot com bust 2001, Global financial crisis 2007/8 (effects still ongoing) and many more in between). And that's also why they will always be outperformed by dart throwing monkeys! Add a cartel economy like Kenya into the mix, where outright corporate fraud is the norm and entire brokerages used to collapse and vanish into the wind up until relatively recently. Why would anyone in their right mind risk a huge chunk of their entire goat in such a casino? Bottom line, for the average Joe or Jill, it is not a very wise move to expose more than 2-3% (at most) of one's hard earned assets to the casino whether in Kenya or anywhere else on God's green earth IMHO. All things (stocks..and "investors" alike) are monkeys in said casino when all is said and done. Shalom. I need to meet you and shake your hands.. You have spoken the whole truth. That's why I have never invested in more than 12 listed firms at the NSE, USE, RSE since my entry in 2006 and these mainly have had significant/some government holding.. Things like SCOM, KENRE, KEGN, KCB, KQ, SBU, BOK, BRLW. Hizi vitu zingine kama HAFR, ADSS, KURW, FTG etc zinaweza sambaratika saa yeyote bila notisi. Stay woke! Nyathiwa, even those 12 firms, umeambiwa ni casino. No better nor worse. Your grass is no greener than your friend's @MugundaMan.. You don't mince your words. That narrative is a bitter pill to swallow... for a pig! Bulls make money, bears make money, but pigs get slaughtered! In essence, it is important to take profits. That, and what the good Book says, diversify your portfolio. Real and surreal assets .. For, using your examples, that cow can die, house can burn and produce can go bad.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Cv254K wrote:obiero wrote:MugundaMan wrote:Cv254K wrote:I think some kind of analysis (FA, TA, corporate governance) can help you avoid the worst in NSE. Ama why is Chami insisting that you learn some accounting? But I saw an accountant advising us to borrow using cash as collateral to invest in risky business that needs the same capital as the collateral given to the bank. So, accounting could be overrated. Some guys in UK and US have found monkeys picking stocks using darts outperform the market in the long term. You can choose the Monkey strategy. Go in blindly. Throw the darts. where they land, invest. I know many might not want to hear this, but to be honest with you, in the final analysis, all stock market "investing" is essentially speculation. The genius of the financial industry in the "West" starting a little over 140 years or so ago, was how they managed to convince the masses that; 1) putting good money (earned through crazy sweat and toil) over which one has direct control.. 2) into financial 'assets' over which one has zero control (other than FA, and - God forbid - TA!).. 3) on which one "hopes" to make a gain through capital appreciation rather than asset income... is "investing." When people started selling valuable migunda (plots), tangible cows, oxen, houses and farm produce over which they had direct control, to buy digits and numbers on some exchange, sold by ruthless, stock-watering financial killers like Commodore Vanderbilt and Jacob Astor, over which they had zero control, that's when the world of that era started to go mad. It's sanity has not returned to this day, in fact said madness has reached all corners of the globe, and is getting worse by the day! Read; Bitcoin.
That's why the "investing" masses have continued to get sheared ever since -- (Great depression 1929-39, Dot com bust 2001, Global financial crisis 2007/8 (effects still ongoing) and many more in between). And that's also why they will always be outperformed by dart throwing monkeys! Add a cartel economy like Kenya into the mix, where outright corporate fraud is the norm and entire brokerages used to collapse and vanish into the wind up until relatively recently. Why would anyone in their right mind risk a huge chunk of their entire goat in such a casino? Bottom line, for the average Joe or Jill, it is not a very wise move to expose more than 2-3% (at most) of one's hard earned assets to the casino whether in Kenya or anywhere else on God's green earth IMHO. All things (stocks..and "investors" alike) are monkeys in said casino when all is said and done. Shalom. I need to meet you and shake your hands.. You have spoken the whole truth. That's why I have never invested in more than 12 listed firms at the NSE, USE, RSE since my entry in 2006 and these mainly have had significant/some government holding.. Things like SCOM, KENRE, KEGN, KCB, KQ, SBU, BOK, BRLW. Hizi vitu zingine kama HAFR, ADSS, KURW, FTG etc zinaweza sambaratika saa yeyote bila notisi. Stay woke! @MugundaMan even putting your hard earned cash into "Migunda" involves some risk, especially here where, even after doing due diligence, you may end up being evicted from your plot. My point: I do not see sense continuing to accumulate land to the extent of buying plots in the middle of nowhere and land with greenhouses that have no roofs. You would be better off diversifying into stock than adding more of an asset you already have "enough" of. Now, when you DECIDE to diversify into stocks, that's where nasema some kind of analysis will serve you well. @Obiero, I made my mistakes during the IPO decades. But what my mistakes taught me was that, when in an abusive marriage (Like you and KQ), it's better to cut your losses, divorce, early. Loss aversion is the cause of most heartbreaks in the NSE. Unfortunately @Obiero is KQ serial loser John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Spikes wrote:Cv254K wrote:obiero wrote:MugundaMan wrote:Cv254K wrote:I think some kind of analysis (FA, TA, corporate governance) can help you avoid the worst in NSE. Ama why is Chami insisting that you learn some accounting? But I saw an accountant advising us to borrow using cash as collateral to invest in risky business that needs the same capital as the collateral given to the bank. So, accounting could be overrated. Some guys in UK and US have found monkeys picking stocks using darts outperform the market in the long term. You can choose the Monkey strategy. Go in blindly. Throw the darts. where they land, invest. I know many might not want to hear this, but to be honest with you, in the final analysis, all stock market "investing" is essentially speculation. The genius of the financial industry in the "West" starting a little over 140 years or so ago, was how they managed to convince the masses that; 1) putting good money (earned through crazy sweat and toil) over which one has direct control.. 2) into financial 'assets' over which one has zero control (other than FA, and - God forbid - TA!).. 3) on which one "hopes" to make a gain through capital appreciation rather than asset income... is "investing." When people started selling valuable migunda (plots), tangible cows, oxen, houses and farm produce over which they had direct control, to buy digits and numbers on some exchange, sold by ruthless, stock-watering financial killers like Commodore Vanderbilt and Jacob Astor, over which they had zero control, that's when the world of that era started to go mad. It's sanity has not returned to this day, in fact said madness has reached all corners of the globe, and is getting worse by the day! Read; Bitcoin.
That's why the "investing" masses have continued to get sheared ever since -- (Great depression 1929-39, Dot com bust 2001, Global financial crisis 2007/8 (effects still ongoing) and many more in between). And that's also why they will always be outperformed by dart throwing monkeys! Add a cartel economy like Kenya into the mix, where outright corporate fraud is the norm and entire brokerages used to collapse and vanish into the wind up until relatively recently. Why would anyone in their right mind risk a huge chunk of their entire goat in such a casino? Bottom line, for the average Joe or Jill, it is not a very wise move to expose more than 2-3% (at most) of one's hard earned assets to the casino whether in Kenya or anywhere else on God's green earth IMHO. All things (stocks..and "investors" alike) are monkeys in said casino when all is said and done. Shalom. I need to meet you and shake your hands.. You have spoken the whole truth. That's why I have never invested in more than 12 listed firms at the NSE, USE, RSE since my entry in 2006 and these mainly have had significant/some government holding.. Things like SCOM, KENRE, KEGN, KCB, KQ, SBU, BOK, BRLW. Hizi vitu zingine kama HAFR, ADSS, KURW, FTG etc zinaweza sambaratika saa yeyote bila notisi. Stay woke! @MugundaMan even putting your hard earned cash into "Migunda" involves some risk, especially here where, even after doing due diligence, you may end up being evicted from your plot. My point: I do not see sense continuing to accumulate land to the extent of buying plots in the middle of nowhere and land with greenhouses that have no roofs. You would be better off diversifying into stock than adding more of an asset you already have "enough" of. Now, when you DECIDE to diversify into stocks, that's where nasema some kind of analysis will serve you well. @Obiero, I made my mistakes during the IPO decades. But what my mistakes taught me was that, when in an abusive marriage (Like you and KQ), it's better to cut your losses, divorce, early. Loss aversion is the cause of most heartbreaks in the NSE. Unfortunately @Obiero is KQ serial loser @cv254k you make some sense but remember hii pesa ni yangu hata crypto nikitaka ntanunua. meanwhile note that I twice sold some KQ as known by the true following here at wazua.. the reason why I got back in for 3rd time lucky shall be revealed in due course upon the Open Offer being materialized.. By the way my holding in KQ is basically my two and half months gross salary
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Cv254K wrote:@MugundaMan even putting your hard earned cash into "Migunda" involves some risk, especially here where, even after doing due diligence, you may end up being evicted from your plot. My point: I do not see sense continuing to accumulate land to the extent of buying plots in the middle of nowhere and land with greenhouses that have no roofs. You would be better off diversifying into stock than adding more of an asset you already have "enough" of. Now, when you DECIDE to diversify into stocks, that's where nasema some kind of analysis will serve you well. True but in this day and age when all the land registries that matter have been digitized and simple due diligence well done (search at registry, getting green card certified copy, mutations if subdivided, I.D search of the vendor, signing sale agreement, surveyor pointing out the boundaries, actual visit to the land, getting consents including spouse & Land Control Board for freehold property, paying stamp duty after getting slips, talking to neighbours on the ground, etc) do serious people ever get conned on land transactions any more? That secure paper trail is too long my brother, it would be a tall order for one to get that done and then find out they have been swindled! Most of the stories you hear of swindling are those of people who wanted short cuts or bought a plot cash at a bar! And you are missing the bigger point which is control. At least with my mugunda in Moyale, nicely fenced, I can touch, see, breed dogs on and build my shack on. What control does the ordinary shareholder have on the management of NSE listed companies if they decide to milk the companies dry and self serve? Zero. Oxen may die but you have control over the process of caring for, feeding and vaccinating them. And you do not have to split the profits from their milk with anybody but self. The average shareholder in the monkey casino is just a meek passenger tu, regardless of how well "diversified" he or she is. Don't get me wrong, I'm not saying the casino should be shut down. I'm just saying a casino is a casino and to treat in any other way is to delude oneself that one is "investing" when in reality it's just a clever form of gambling. Unless of course you own a huge chunk of shares of a particular company and can assume an activist role, appointing a representative(s) to the board and all.
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