Thornbird wrote:Hello to all Wazuans.
I am new here but have been lurking and reading through old posts for a couple of months now since I decided to revive my long dormant CDS account and immobilize some 20yr plus old paper shares.
I really appreciate all the posts and it has tamed my uninformed and undisciplined approach.
I would like to request the gurus here to please help newbies out by explaining the key terms and abbreviations that are often used here and other helpful information briefs and tips. I realize that one cannot learn about buying stocks entirely from a one discussion page but it would be helpful when combined with information gleaned elsewhere.
Wishing you all Christmas season filled with good cheer and a Happy New Year.
Karibu to Wazoo ndugu,
Kuingia ni mchuzi, kutoka ni shida.
Wah you waited a long time to do this, bro. Analog age expired over 25 years ago ha ha ha. Just kidding. I have never seen a paper share my entire investing life. I hope title deeds will head that way in the near future. These shenanigans of "forged" or lost title deeds, plus the cumbersome procedures to replace them etc etc are all avoided by digitisation. Same with court judgments. Imagine a succession case where you go to transfer property at the county and they tell you ati all your documents are in order but they have to check with the courts to verify that your grant of confirmation (which they had already asked you to certify with the court) needs to be "verified at the courts" again by the county and it might take them months
. Bure sana! Why not just have all judgments, grants, letters of admin etc digitized so that anyone can log onto ecitizen, pay and confirm/access it online in seconds! Imagine how many billions in lost time, fuel, traffic waits, queueing, driving to and from the county lands registry multiple times etc etc could be saved by such. But I digress.
Some basic terms;P/E Price to earnings ratio
EPS - Earnings per share
Q1, Q2, Q3 etc - 1st Quarter, 2nd etc
BV - Book value
monkey/scrap metal/Mumias/nyani - a worthless stock of an insolvent or loss making company rapidly heading to zero value
Elliot Waver - A Voodoo science (like water well witching using a coconut or iron rods) stock picking adherent
The Casino - the NSE where one should never put more than 5% of their net worth into
(unrelated)
DC (Dustbowl County) - The best place to invest in real estate/property in Kenya today.
Happy holidays.
Shalom