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Why investing in the NSE is fool's gold and a waste
Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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My little experience and research tells me stock picking and trying to beat the market never works. Over 90% of stock pickers and market timers lose money. The recommended approach by the likes of Oracle of Omaha is just buying into companies you believe in and hold for as long as possible while completely ignoring market ups and downs i.e market fluctuations should not influence your decisions to buy since, in the long run, the market always goes up.
In Kenya, I am buying into current blue chip stocks, will stay happy with the little growth plus dividends. trying to predict the next big jump in the small companies will just burn me
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Rank: Member Joined: 2/20/2007 Posts: 767
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obiero wrote:tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. That strategy is difficult to ensure success, since different companies face different dynamics, from management, scale etc.. I would suggest you decipher fundamentals keenly and pursue good dividend paying stocks Your views are valid They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Member Joined: 2/20/2007 Posts: 767
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To be able to increase wealth, one must be able to keep more than they lose. Stock investing is no different. I aim to minimise risk before I maximize returns. Each stock constitutes only 8-9% of the my portfolio. Its a mix of growth and dividend stocks. I believe that I have no clue of how an individual stock will perform in future so I try not to predict. Therefore, there is no difference between a so called blue chip and a penny stock in terms of future price appreciation predictions. Thats why I put equal amounts on each stock. The idea of core and fringe holdings is hogwash to me. To illustrate, KQ was once a pennystock, so was ARM, Nation media. These grew to heady heights before their current collapse. So I give all my stocks an equal chance to make me money but limit the downside to max 9% if a stock was to crush and burn like ARM. Then I wait patiently, buying incrementaly when opportunity arises but always trying to maintain a balance of x amount actually invested in a stock. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in.  When we told you late last year and early this year to sell everything you have in the casino and invest in tangible assets in DC you alongside comedians like Sir S Mutaga IV insisted with voice ya daboo that you were making millions on NSE. Wapi? S Mutaga fled to Ruhengeri, Rwanda to cool heels in the BUSH after loan sharks came after him for his shirt when all his holdings hit the red and servicing his loans became impossible. The man is now weatherbeaten and haggard gnashing teeth terribly. A pale shadow of himself. We warn you for the LAST time. SELL CASINO HOLDINGS NOW or regret bitterly!
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Rank: Member Joined: 2/20/2007 Posts: 767
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MugundaMan wrote:tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. When we told you late last year and early this year to sell everything you have in the casino and invest in tangible assets in DC you alongside comedians like Sir S Mutaga IV insisted with voice ya daboo that you were making millions on NSE. Wapi? S Mutaga fled to Ruhengeri, Rwanda to cool heels in the BUSH after loan sharks came after him for his shirt when all his holdings hit the red and servicing his loans became impossible. The man is now weatherbeaten and haggard gnashing teeth terribly. A pale shadow of himself. We warn you for the LAST time. SELL CASINO HOLDINGS NOW or regret bitterly! Your views are valid. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Member Joined: 2/20/2007 Posts: 767
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tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. Correction, this portfolio is 2.8% down. Amazing. This is without counting dividends. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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tom_boy wrote:tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. Correction, this portfolio is 2.8% down. Amazing. This is without counting dividends. Be careful with your percentages chief.. You may make a fatal loss in trade unknowingly!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 2/20/2007 Posts: 767
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obiero wrote:tom_boy wrote:tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. Correction, this portfolio is 2.8% down. Amazing. This is without counting dividends. Be careful with your percentages chief.. You may make a fatal loss in trade unknowingly! Boss, numbers dont lie. Total loss divide by total amount invested in current holding x 100 = 2.8% as at about 2wks ago. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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tom_boy wrote:obiero wrote:tom_boy wrote:tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. Correction, this portfolio is 2.8% down. Amazing. This is without counting dividends. Be careful with your percentages chief.. You may make a fatal loss in trade unknowingly! Boss, numbers dont lie. Total loss divide by total amount invested in current holding x 100 = 2.8% as at about 2wks ago. Unless your portfolio is a serious amount of money (Over 100M), I don't see the point for splitting it into so many baskets because it will be too much work with insignificant profits, I mean even if each counter holds Kes 1M and one out of 10 triples in value, it's just 3M, take out the losses in other counters you remain with a profit of less than 1M after tracking 15 counters for a year, seems like a rat race.
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Rank: Member Joined: 2/20/2007 Posts: 767
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@newmoney, I forgive you. You have evidently never heard of index linked funds and you have definitely never heard that the Oracle of Omaha actually recomends them to non expert investors like me. You must also obviously do not believe in limiting your downside before before attempting to maximise upside. I think my portfolio is working very well. A small upward blip in the market and I will be in profit territory. I agree its not the most exciting portfolio. Incidentally, I dont track my stocks. I just buy and forget. May have a cursory glance once a month or so. I sell rarely. Will upload my exact current portfolio soon. Then we compare notes next year. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Member Joined: 2/20/2007 Posts: 767
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The problem with stock investing is that most people believe its about timing the market and predicting the trend of individual stock prices. Experienced fund managers will tell you its about deciding what market cycle you are in and investing in the stock market as a whole. People who believe they can pick a winning stock usually lose or cannot do it consistently over the long term, thus if you track them for say 10yrs they actually do worse than the market trend. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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EGM Securities Ltd the online forex broker has published its 6 months results. Brokerage commissions at 94,769,000, profit after tax 20,368,000.
NSE with its moribund derivatives market can't even compare. Young kenyans are speculators and traders. NSE needs to learn, day trading and lower the brokerage commissions and levies.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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The problem with NSE "investing" in Kenya is very simple. 1. 95% percent of "investors" in it have no clue whatsoever what they are doing. Most cannot even tell an income statement from their left thumb. This by definition causes a rational person who sifts through balance sheets, crunches ratios and does their securities analysis by the book to be at an extreme disadvantage. You cannot analyse an irrational market rationally. That by definition would be financial suicide. 2. NSE itself has compounded the problem of irrationality by making real time market information on stock prices proprietary. If real time info on stock prices is NOT provided to the entire market of "investors" except after the fact, it is laughable to assume the market can remain rational. 3. Bandit economy. In a corrupt to the bones country, it is good comedy to take the reported financials of any NSE company - except perhaps tbe bluest of blue chip companies -seriously. A great example of this is Mumias. You may snicker now about Mumias, but those of us with elephant memories remember the days when MSC was a blue chip company all over the news doing very cutting edge things and posting roaring profits and dividends each year. In reality, even as it posted said alleged glowing profits, it was busy being looted to scrap. So many other companies that have either been delisted or are teetering on the brink of being delisted fall in the same category. Jameni some counters like Kurwitu, for example were frauds from day 1. Bottom line, anyone busy putting money into this casino should do so full well knowing they are betting at the same par with Sportpesa or bitcoin, which both suffer from an extreme dearth of any fundamentals or rationality whatsoever. To delude oneself that they are investing rationally in an irrational market is good comedy at best.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MugundaMan wrote:The problem with NSE "investing" in Kenya is very simple. 1. 95% percent of "investors" in it have no clue whatsoever what they are doing. Most cannot even tell an income statement from their left thumb. This by definition causes a rational person who sifts through balance sheets, crunches ratios and does their securities analysis by the book to be at an extreme disadvantage. You cannot analyse an irrational market rationally. That by definition would be financial suicide. 2. NSE itself has compounded the problem of irrationality by making real time market information on stock prices proprietary. If real time info on stock prices is NOT provided to the entire market of "investors" except after the fact, it is laughable to assume the market can remain rational. 3. Bandit economy. In a corrupt to the bones country, it is good comedy to take the reported financials of any NSE company - except perhaps tbe bluest of blue chip companies -seriously. A great example of this is Mumias. You may snicker now about Mumias, but those of us with elephant memories remember the days when MSC was a blue chip company all over the news doing very cutting edge things and posting roaring profits and dividends each year. In reality, even as it posted said alleged glowing profits, it was busy being looted to scrap. So many other companies that have either been delisted or are teetering on the brink of being delisted fall in the same category. Jameni some counters like Kurwitu, for example were frauds from day 1. Bottom line, anyone busy putting money into this casino should do so full well knowing they are betting at the same par with Sportpesa or bitcoin, which both suffer from an extreme dearth of any fundamentals or rationality whatsoever. To delude oneself that they are investing rationally in an irrational market is good comedy at best. There are ways of making money in the stock market. Clearly, you do not understand how people make money in the stock market, going by your much hyped venture into Everrready. Instead of dismissing the stock market as a casino, you first need to acknowledge that you do not understand the stock market then start the process of learning. Stocks trader, whether long-term or short-term needs to learn the following: 1. Macroeconomics - Have a basic understanding of how global/ national economies work i.e. drivers of GDP growth, inflation, interest rates, money supply. Stock markets tend to move based on macroeconomic projections. 2. Fundamental Analysis - Be able to analysis fundamentals of an industry/ individual stock and know which one is returning more to investors e.g. understanding of basic ratios like ROE, EPS, DY is critical. 3. Technical Analysis - Be able to spot a trend. Can you read Candle Sticks? Can you read basic bullish, bearish and reversal patterns? Do you know what oscillators and indicators are? Do you understand what an overbought or oversold market is? An understanding of TA helps in making entry and exit decisions at optimal risk. 4. Master your emotions - take control of your fear, rein in your greed. You make money in the stock market by acting counter intuitively. You buy when the masses are selling and sell when the masses are buying. If you get too greedy and take on too much risk, you will be slaughtered. If you panic and sell at the lows, you will be slaughtered. There you go. Start off your learning. There are many books on the subjects, free online articles and youtube videos. In case you don't want to bother with the learning process, entrust your money to a professional wealth manager. Happy hunting! Life is short. Live passionately.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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MugundaMan wrote:The problem with NSE "investing" in Kenya is very simple. 1. 95% percent of "investors" in it have no clue whatsoever what they are doing. Most cannot even tell an income statement from their left thumb. This by definition causes a rational person who sifts through balance sheets, crunches ratios and does their securities analysis by the book to be at an extreme disadvantage. You cannot analyse an irrational market rationally. That by definition would be financial suicide. 2. NSE itself has compounded the problem of irrationality by making real time market information on stock prices proprietary. If real time info on stock prices is NOT provided to the entire market of "investors" except after the fact, it is laughable to assume the market can remain rational. 3. Bandit economy. In a corrupt to the bones country, it is good comedy to take the reported financials of any NSE company - except perhaps tbe bluest of blue chip companies -seriously. A great example of this is Mumias. You may snicker now about Mumias, but those of us with elephant memories remember the days when MSC was a blue chip company all over the news doing very cutting edge things and posting roaring profits and dividends each year. In reality, even as it posted said alleged glowing profits, it was busy being looted to scrap. So many other companies that have either been delisted or are teetering on the brink of being delisted fall in the same category. Jameni some counters like Kurwitu, for example were frauds from day 1. Bottom line, anyone busy putting money into this casino should do so full well knowing they are betting at the same par with Sportpesa or bitcoin, which both suffer from an extreme dearth of any fundamentals or rationality whatsoever. To delude oneself that they are investing rationally in an irrational market is good comedy at best. You should not include Bitcoin in monkey list. @MugundaMan Cryptocurrency is the topic you know least. Concentrate on dust bowl but I will come for those plots after accumulating cash from Bitcoin trading. I tell you the mulah from Bitcoin sale will sweep you like a Tsunami from your dust bowl holdings as the offer I will give you is irresistible . John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Spikes, Waaaaapi? What are the fundamentals of the valuation of a bitcoin? And please do not run without providing an answer today. I posted a chart of bitcoins performance for you to respond to many months ago but you fled and kept quiet as a church mouse while "secretly" making your phantom bitcoin millions My friend you cannot afford to buy even a decent meal at Nyama Mamas let alone a rake to use on a plot in DC with your bitcoin losses.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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sparkly wrote:MugundaMan wrote:The problem with NSE "investing" in Kenya is very simple. 1. 95% percent of "investors" in it have no clue whatsoever what they are doing. Most cannot even tell an income statement from their left thumb. This by definition causes a rational person who sifts through balance sheets, crunches ratios and does their securities analysis by the book to be at an extreme disadvantage. You cannot analyse an irrational market rationally. That by definition would be financial suicide. 2. NSE itself has compounded the problem of irrationality by making real time market information on stock prices proprietary. If real time info on stock prices is NOT provided to the entire market of "investors" except after the fact, it is laughable to assume the market can remain rational. 3. Bandit economy. In a corrupt to the bones country, it is good comedy to take the reported financials of any NSE company - except perhaps tbe bluest of blue chip companies -seriously. A great example of this is Mumias. You may snicker now about Mumias, but those of us with elephant memories remember the days when MSC was a blue chip company all over the news doing very cutting edge things and posting roaring profits and dividends each year. In reality, even as it posted said alleged glowing profits, it was busy being looted to scrap. So many other companies that have either been delisted or are teetering on the brink of being delisted fall in the same category. Jameni some counters like Kurwitu, for example were frauds from day 1. Bottom line, anyone busy putting money into this casino should do so full well knowing they are betting at the same par with Sportpesa or bitcoin, which both suffer from an extreme dearth of any fundamentals or rationality whatsoever. To delude oneself that they are investing rationally in an irrational market is good comedy at best. There are ways of making money in the stock market. Clearly, you do not understand how people make money in the stock market, going by your much hyped venture into Everrready. Instead of dismissing the stock market as a casino, you first need to acknowledge that you do not understand the stock market then start the process of learning. Stocks trader, whether long-term or short-term needs to learn the following: 1. Macroeconomics - Have a basic understanding of how global/ national economies work i.e. drivers of GDP growth, inflation, interest rates, money supply. Stock markets tend to move based on macroeconomic projections. 2. Fundamental Analysis - Be able to analysis fundamentals of an industry/ individual stock and know which one is returning more to investors e.g. understanding of basic ratios like ROE, EPS, DY is critical. 3. Technical Analysis - Be able to spot a trend. Can you read Candle Sticks? Can you read basic bullish, bearish and reversal patterns? Do you know what oscillators and indicators are? Do you understand what an overbought or oversold market is? An understanding of TA helps in making entry and exit decisions at optimal risk. 4. Master your emotions - take control of your fear, rein in your greed. You make money in the stock market by acting counter intuitively. You buy when the masses are selling and sell when the masses are buying. If you get too greedy and take on too much risk, you will be slaughtered. If you panic and sell at the lows, you will be slaughtered. There you go. Start off your learning. There are many books on the subjects, free online articles and youtube videos. In case you don't want to bother with the learning process, entrust your money to a professional wealth manager. Happy hunting! Rubbish. Nothing new umesema hapa kapsa kapsa kapsaa. SHOW US THE MONEY. How is your HAFR life savings investment doing mr nse casino guru? Regurgitating garbage from books some of us read decades ago will not help you. No wonder you could only come up with a laughable 1,5k for wazoo Mbuzi despite kizungu mingi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MugundaMan wrote:sparkly wrote:MugundaMan wrote:The problem with NSE "investing" in Kenya is very simple. 1. 95% percent of "investors" in it have no clue whatsoever what they are doing. Most cannot even tell an income statement from their left thumb. This by definition causes a rational person who sifts through balance sheets, crunches ratios and does their securities analysis by the book to be at an extreme disadvantage. You cannot analyse an irrational market rationally. That by definition would be financial suicide. 2. NSE itself has compounded the problem of irrationality by making real time market information on stock prices proprietary. If real time info on stock prices is NOT provided to the entire market of "investors" except after the fact, it is laughable to assume the market can remain rational. 3. Bandit economy. In a corrupt to the bones country, it is good comedy to take the reported financials of any NSE company - except perhaps tbe bluest of blue chip companies -seriously. A great example of this is Mumias. You may snicker now about Mumias, but those of us with elephant memories remember the days when MSC was a blue chip company all over the news doing very cutting edge things and posting roaring profits and dividends each year. In reality, even as it posted said alleged glowing profits, it was busy being looted to scrap. So many other companies that have either been delisted or are teetering on the brink of being delisted fall in the same category. Jameni some counters like Kurwitu, for example were frauds from day 1. Bottom line, anyone busy putting money into this casino should do so full well knowing they are betting at the same par with Sportpesa or bitcoin, which both suffer from an extreme dearth of any fundamentals or rationality whatsoever. To delude oneself that they are investing rationally in an irrational market is good comedy at best. There are ways of making money in the stock market. Clearly, you do not understand how people make money in the stock market, going by your much hyped venture into Everrready. Instead of dismissing the stock market as a casino, you first need to acknowledge that you do not understand the stock market then start the process of learning. Stocks trader, whether long-term or short-term needs to learn the following: 1. Macroeconomics - Have a basic understanding of how global/ national economies work i.e. drivers of GDP growth, inflation, interest rates, money supply. Stock markets tend to move based on macroeconomic projections. 2. Fundamental Analysis - Be able to analysis fundamentals of an industry/ individual stock and know which one is returning more to investors e.g. understanding of basic ratios like ROE, EPS, DY is critical. 3. Technical Analysis - Be able to spot a trend. Can you read Candle Sticks? Can you read basic bullish, bearish and reversal patterns? Do you know what oscillators and indicators are? Do you understand what an overbought or oversold market is? An understanding of TA helps in making entry and exit decisions at optimal risk. 4. Master your emotions - take control of your fear, rein in your greed. You make money in the stock market by acting counter intuitively. You buy when the masses are selling and sell when the masses are buying. If you get too greedy and take on too much risk, you will be slaughtered. If you panic and sell at the lows, you will be slaughtered. There you go. Start off your learning. There are many books on the subjects, free online articles and youtube videos. In case you don't want to bother with the learning process, entrust your money to a professional wealth manager. Happy hunting! Rubbish. Nothing new umesema hapa kapsa kapsa kapsaa. SHOW US THE MONEY. How is your HAFR life savings investment doing mr nse casino guru? Regurgitating garbage from books some of us read decades ago will not help you. No wonder you could only come up with a laughable 1,5k for wazoo Mbuzi despite kizungu mingi I am not surprised by your response. Infact I expected it. Stick to your area of competence, which is 1/8 plots in Kajiado. Life is short. Live passionately.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Sparkles, On the chin check you just received...you are welcome  MM
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Rank: New-farer Joined: 9/19/2018 Posts: 14
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IMO Bitcoin is gold without the weight and the ability to take flight. It's a distributed ledger which no one entity controls, but is visible and verifible by all. t takes a while for people to understand what it is. My advice for crypto is as follows: even if you are not going to invest in crypto, just read news from cryptolinks resources and keep yourself updated in the crypto world.
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Why investing in the NSE is fool's gold and a waste
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