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VituVingiSana's MIGHTY road to wealth. Take notes!
Rank: Member Joined: 5/15/2019 Posts: 669 Location: planet earth
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And remember he told us he will inform us when he buys or sells, meaning during the month if there is no dividende hana any! How does one live off hisa as a value investor who buys and holds, when all your hisa pays no dividend during the month?? This is the mystery VVS will explain when he comes out of hiding! Age and family mellows us all over time
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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amorphous wrote:VVS has gone "into hiding" now that his portfolio is up here in black and white. Wacha tuone where these millions he is living on strictly off hisa since 2010 (  ) are coming from sasa. Next update July 4th! Ngai! There is no pleasing you? I have given you the portfolio breakdown. I have other things to enjoy while the COVID restrictions are slowly lifted.   I am more interested in semi-annual updates given the nature of long-term investing. On an interesting note, Centum paid off its note today. I will be relatively passive on this thread since the Portfolio (over the longer-term period) will do the talking expect for updates as to any significant changes in my portfolio. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 669 Location: planet earth
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VituVingiSana wrote:amorphous wrote:VVS has gone "into hiding" now that his portfolio is up here in black and white. Wacha tuone where these millions he is living on strictly off hisa since 2010 ( ) are coming from sasa. Next update July 4th! Ngai! There is no pleasing you? I have given you the portfolio breakdown. I have other things to enjoy while the COVID restrictions are slowly lifted. I am more interested in semi-annual updates given the nature of long-term investing. On an interesting note, Centum paid off its note today. I will be relatively passive on this thread since the Portfolio (over the longer-term period) will do the talking expect for updates as to any significant changes in my portfolio. I commend your being open to this challenge Let's see how things pan out. You may prove me wrong, who knows? Age and family mellows us all over time
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Rank: Member Joined: 9/11/2015 Posts: 242 Location: Thika
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slick wrote:S.Mutaga III wrote:amorphous wrote: Haya ujumbe ndiyo hiyo, you peons need to take notes from THE MASTER, the GURU the HEAD HONCHO of NSE investing in Kenya today (after S Mutaga III Esq, former holder of the crown, cut his losses chap chap presumably due to covid19( ) and quietly retired, well humbled and chastened by the whippings of the NSE, to join the rest of us on THE BENCH ). Baseline as he requested by VVS himself was June 4th. Updates to be delivered monthly. So far all we see is red but time will tell! NIMESEMA! @Mugundaman, I never retired. I just knew when to exit the market. If you have a good head on your shoulders, you should know that you can't be in the NSE 24/7. I look for opportunities and seize them. There have been none for a while so I stayed out. As simple as that. My trades are public knowledge Mr. I didn't make any losses. But you are one irritating and annoying character who likes making claims without evidence. Go back to the threads where I posted my trades and see that record before making baseless comments you cannot substantiate. 93% return in 2014: http://wazua.co.ke/forum.aspx?g=posts&t=27314
60%+ return in 2019: http://m.wazua.co.ke/for...sts&t=37100&p=7
Good stuff.I also exited all my NSE positions in early February.I started getting out of the market in January.I was just lucky to sell KCB and Equity in early January at the intermediate top of 55 KES where this price has been resistance for both counters in the last few years.Once I heard of the Wuhan lockdown on January 23rd,I knew Covid-19 would be a menace and by February 5th I was completely out of the NSE so I avoided the entire Covid-19 sell off on the Nairobi bourse. I reallocated my funds to a money market fund and most of it to Wall Street (I am no NSE expert,Wall Street is my forte)where the mad volatility there has seen me gain massively as the NSE wallows.I will be back to the NSE once Covid-19 is resolved Sir. How do you access wallstreet assuming that you are based here in Kenya.Which platform or broker do you use? Since men have learned to shoot without missing, I have learned to fly without perching
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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amorphous wrote:VituVingiSana wrote:amorphous wrote:VVS has gone "into hiding" now that his portfolio is up here in black and white. Wacha tuone where these millions he is living on strictly off hisa since 2010 ( ) are coming from sasa. Next update July 4th! Ngai! There is no pleasing you? I have given you the portfolio breakdown. I have other things to enjoy while the COVID restrictions are slowly lifted. I am more interested in semi-annual updates given the nature of long-term investing. On an interesting note, Centum paid off its note today. I will be relatively passive on this thread since the Portfolio (over the longer-term period) will do the talking expect for updates as to any significant changes in my portfolio. I commend your being open to this challenge Let's see how things pan out. You may prove me wrong, who knows? Will that shut you up? Granted it may take 4 years as the original challenge http://wazua.co.ke/forum...007&f=1&q=896893Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/11/2015 Posts: 242 Location: Thika
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VituVingiSana wrote:amorphous wrote:VituVingiSana wrote:[quote=amorphous]VVS has gone "into hiding" now that his portfolio is up here in black and white. Wacha tuone where these millions he is living on strictly off hisa since 2010 ( ) are coming from sasa. Next update July 4th! Ngai! There is no pleasing you? I have given you the portfolio breakdown. I have other things to enjoy while the COVID restrictions are slowly lifted. I am more interested in semi-annual updates given the nature of long-term investing. On an interesting note, Centum paid off its note today. I will be relatively passive on this thread since the Portfolio (over the longer-term period) will do the talking expect for updates as to any significant changes in my portfolio. I commend your being open to this challenge Let's see how things pan out. You may prove me wrong, who knows Will that shut you up? Granted it may take 4 years as the original challenge http://wazua.co.ke/forum...07&f=1&q=896893 Don't waste time explaining to an idiot that land in dustbowl isn't the only road to riches.
Since men have learned to shoot without missing, I have learned to fly without perching
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Rank: Member Joined: 5/15/2019 Posts: 669 Location: planet earth
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It will. You keep extending the time frame Your original claim was you are not an employee and you "live off hisa trading"That's the true challenge. How are you eating this month since you have neither bought nor sold anything nor received any dividend? Age and family mellows us all over time
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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amorphous wrote:It will. You keep extending the time frame Your original claim was you are not an employee and you "live off hisa trading"That's the true challenge. How are you eating this month since you have neither bought nor sold anything nor received any dividend? False, 4 years quoted here http://wazua.co.ke/forum...07&f=1&q=896893 [/quote] I also have cash from some dividends came in but less than I would usually get by June. I sold some TPS http://wazua.co.ke/forum...21&f=1&q=896688
you are not an employee and you "live off hisa trading" I am not an employee. I do not live off trading but I get dividends, interest and cash inflows from sales of shares. For years, I have spent less than I earn from dividends/gains. It doesn't bother me that my needs are simple. The "portfolio value" provided was just a means to make it easier for tracking. I am content. Let's leave it that. Now how about some peace and quiet? I will provide updates on any major trades. I am always buying small (cheap) lots with the cash on hand. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 669 Location: planet earth
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VituVingiSana wrote:amorphous wrote:It will. You keep extending the time frame Your original claim was you are not an employee and you "live off hisa trading"That's the true challenge. How are you eating this month since you have neither bought nor sold anything nor received any dividend? False, 4 years quoted here http://wazua.co.ke/forum...07&f=1&q=896893 I also have cash from some dividends came in but less than I would usually get by June. I sold some TPS http://wazua.co.ke/forum...21&f=1&q=896688
For years, I have spent less than I earn from dividends/gains. It doesn't bother me that my needs are simple. The "portfolio value" provided was just a means to make it easier for tracking. I am content. Let's leave it that. [/quote] sawa. Age and family mellows us all over time
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Rank: Member Joined: 7/1/2019 Posts: 119
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There are only two ways to make a living out of the NSE casino.
1. Number one is to have a core list of 12 hisas representing 12 months. Each hisa should give a dividend of minimum 120 gees(minus withhoding tax)....note this vary per individual. Some wazua elders have claimed that their living standards equals 300 ngwanyes per month.(kila mbuzi akule kwa urefu wa kamba yake)
2. Number two is wekelea-ing an amount of say 1 million shillings and playing pata-potea with the bluest of the bluechips. For example you can play Safaricom numerous times in a year entering at 26 and alighting at 29. However, be warned, you have to have a back-up source of income because value traps humu humu ni nyingi.
I foresee @amorphous a.k.a jamaa wa ground-zero(formely Jamaa wa ku-flip burgers) violently shuttering some long held myths hapa wazua.
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Rank: Member Joined: 5/15/2019 Posts: 669 Location: planet earth
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Receptor wrote:There are only two ways to make a living out of the NSE casino.
1. Number one is to have a core list of 12 hisas representing 12 months. Each hisa should give a dividend of minimum 120 gees(minus withhoding tax)....note this vary per individual. Some wazua elders have claimed that their living standards equals 300 ngwanyes per month.(kila mbuzi akule kwa urefu wa kamba yake)
2. Number two is wekelea-ing an amount of say 1 million shillings and playing pata-potea with the bluest of the bluechips. For example you can play Safaricom numerous times in a year entering at 26 and alighting at 29. However, be warned, you have to have a back-up source of income because value traps humu humu ni nyingi.
I foresee @amorphous a.k.a jamaa wa ground-zero(formely Jamaa wa ku-flip burgers) violently shuttering some long held myths hapa wazua.
You have spoken like a mzee wa kijiji sitting on a three legged stool! I am tired of the made-up stories ati how people are living large trading hisa yet we all know the NSE market has gone sideways for the past 20 years If VVS was making 120-300 ngwanyes per month in dividends alone from hisa he would be more than a household name in Kenya by now, which he has humbly admitted he is not. I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya will crumble like a stack of badly arranged cards. In fact expect more excuses once the dung hits the fan and the portfolio is bleeding serious red in losses! If S Mutaga III Esq who once mocked us all and told us "we are stupid because we do not have the intellect and skills to make millions in the market like he does" has fled with his tail between his legs from the BURNING NSE HOUSEclutching what is left of his hisa penny crumbs, jameni what more proof do Wazooans want that these riches from hisa storos hapa are all FAKE? Age and family mellows us all over time
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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amorphous wrote:Receptor wrote:There are only two ways to make a living out of the NSE casino.
1. Number one is to have a core list of 12 hisas representing 12 months. Each hisa should give a dividend of minimum 120 gees(minus withhoding tax)....note this vary per individual. Some wazua elders have claimed that their living standards equals 300 ngwanyes per month.(kila mbuzi akule kwa urefu wa kamba yake)
2. Number two is wekelea-ing an amount of say 1 million shillings and playing pata-potea with the bluest of the bluechips. For example you can play Safaricom numerous times in a year entering at 26 and alighting at 29. However, be warned, you have to have a back-up source of income because value traps humu humu ni nyingi.
I foresee @amorphous a.k.a jamaa wa ground-zero(formely Jamaa wa ku-flip burgers) violently shuttering some long held myths hapa wazua.
You have spoken like a mzee wa kijiji sitting on a three legged stool! I am tired of the made-up stories ati how people are living large trading hisa yet we all know the NSE market has gone sideways for the past 20 years If VVS was making 120-300 ngwanyes per month in dividends alone from hisa he would be more than a household name in Kenya by now, which he has humbly admitted he is not. I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya will crumble like a stack of badly arranged cards. In fact expect more excuses once the dung hits the fan and the portfolio is bleeding serious red in losses! If S Mutaga III Esq who once mocked us all and told us "we are stupid because we do not have the intellect and skills to make millions in the market like he does" has fled with his tail between his legs from the BURNING NSE HOUSEclutching what is left of his hisa penny crumbs, jameni what more proof do Wazooans want that these riches from hisa storos hapa are all FAKE? You have convinced us that no one makes money on the nse casino. Now tell us how you make your 300 ngwanyees since you only buy and hold real estate and you can never be employed. Life is short. Live passionately.
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Rank: Member Joined: 5/6/2008 Posts: 199
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Good initiative. Suggestion: use Google Sheets so we can all follow 'live' rather than wait for the screenshot
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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amorphous wrote:Receptor wrote:There are only two ways to make a living out of the NSE casino.
1. Number one is to have a core list of 12 hisas representing 12 months. Each hisa should give a dividend of minimum 120 gees(minus withhoding tax)....note this vary per individual. Some wazua elders have claimed that their living standards equals 300 ngwanyes per month.(kila mbuzi akule kwa urefu wa kamba yake)
2. Number two is wekelea-ing an amount of say 1 million shillings and playing pata-potea with the bluest of the bluechips. For example you can play Safaricom numerous times in a year entering at 26 and alighting at 29. However, be warned, you have to have a back-up source of income because value traps humu humu ni nyingi.
I foresee @amorphous a.k.a jamaa wa ground-zero(formely Jamaa wa ku-flip burgers) violently shuttering some long held myths hapa wazua.
You have spoken like a mzee wa kijiji sitting on a three legged stool! I am tired of the made-up stories ati how people are living large trading hisa yet we all know the NSE market has gone sideways for the past 20 years If VVS was making 120-300 ngwanyes per month in dividends alone from hisa he would be more than a household name in Kenya by now, which he has humbly admitted he is not. I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya will crumble like a stack of badly arranged cards. In fact expect more excuses once the dung hits the fan and the portfolio is bleeding serious red in losses! If S Mutaga III Esq who once mocked us all and told us "we are stupid because we do not have the intellect and skills to make millions in the market like he does" has fled with his tail between his legs from the BURNING NSE HOUSEclutching what is left of his hisa penny crumbs, jameni what more proof do Wazooans want that these riches from hisa storos hapa are all FAKE? @receptor - Which Wazuans are these "Some wazua elders have claimed that their living standards equals 300 ngwanyes per month."? Even I want to know. Please post the actual quote. @amorphous - You crack me up! "If VVS was making 120-300 ngwanyes per month in dividends" 120k x 12 = 1.44mn (I am a modest spender, even if I say so myself) At 8% Dividend Yield = 18mn gets the job done. Heck, just round up to 20mn. At 5% DY = 29mn rounded up to 30mn. "I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya" You are a persistent troll lakini I am patient. 4 years, not 6 months, as quoted here http://wazua.co.ke/forum...07&f=1&q=896893 I expect LOWER than usual dividends from June 2020 to June 2021 but I will not starve just lose some weight  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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My contribution to this topic is this;
- 9 years ago my dividend cheques were less than 400/= (yes, I had about 20k in the market at that time)
- Through the years my dividend cheques have grown to 6 figures per annum. Hopefully, If I can get them to 7 figures before I decide its time to "ponda mali" properly.
- Stocks are NOT my only income source; heck at this point in time they are just parking for money generated from other sources. Very few get the privilege of "Living on stocks" alone.
- I have been fortunate to get into blue chips at low prices, my portfolio has never been in the red and I enjoy an average dividend yield of 11.5%.
- I have never sold, but I do make additions and reinvest when I judge the times to be right; like in 2016-2018 when they had the rate-cap (we had more than 24 months to weka haba na haba)
- If you do not have huge lump sums of money, the only way to value-invest is by doing over a long period and getting in when moments are right. I especially love long recessions, they give you time to put in little by little.
- If you do have huge chunks of money at your disposal, the best value would be real estate and business in that order, @Mugundaman actually knows what he is saying.
- The ultimate investor is a diversified investor - Stocks for long term cash-flow, Land for value appreciation, Rental and Bond income as safety nets, Business for the ultimate risk-return ratio.
- There is no quick money unless its business. I am grateful for having started early and I am grateful for Wazua esp a guy called cde-monomopata
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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VituVingiSana wrote:amorphous wrote:Receptor wrote:There are only two ways to make a living out of the NSE casino.
1. Number one is to have a core list of 12 hisas representing 12 months. Each hisa should give a dividend of minimum 120 gees(minus withhoding tax)....note this vary per individual. Some wazua elders have claimed that their living standards equals 300 ngwanyes per month.(kila mbuzi akule kwa urefu wa kamba yake)
2. Number two is wekelea-ing an amount of say 1 million shillings and playing pata-potea with the bluest of the bluechips. For example you can play Safaricom numerous times in a year entering at 26 and alighting at 29. However, be warned, you have to have a back-up source of income because value traps humu humu ni nyingi.
I foresee @amorphous a.k.a jamaa wa ground-zero(formely Jamaa wa ku-flip burgers) violently shuttering some long held myths hapa wazua.
You have spoken like a mzee wa kijiji sitting on a three legged stool! I am tired of the made-up stories ati how people are living large trading hisa yet we all know the NSE market has gone sideways for the past 20 years If VVS was making 120-300 ngwanyes per month in dividends alone from hisa he would be more than a household name in Kenya by now, which he has humbly admitted he is not. I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya will crumble like a stack of badly arranged cards. In fact expect more excuses once the dung hits the fan and the portfolio is bleeding serious red in losses! If S Mutaga III Esq who once mocked us all and told us "we are stupid because we do not have the intellect and skills to make millions in the market like he does" has fled with his tail between his legs from the BURNING NSE HOUSEclutching what is left of his hisa penny crumbs, jameni what more proof do Wazooans want that these riches from hisa storos hapa are all FAKE? @receptor - Which Wazuans are these "Some wazua elders have claimed that their living standards equals 300 ngwanyes per month."? Even I want to know. Please post the actual quote. @amorphous - You crack me up! "If VVS was making 120-300 ngwanyes per month in dividends" 120k x 12 = 1.44mn (I am a modest spender, even if I say so myself) At 8% Dividend Yield = 18mn gets the job done. Heck, just round up to 20mn. At 5% DY = 29mn rounded up to 30mn. "I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya" You are a persistent troll lakini I am patient. 4 years, not 6 months, as quoted here http://wazua.co.ke/forum...07&f=1&q=896893 I expect LOWER than usual dividends from June 2020 to June 2021 but I will not starve just lose some weight I am the one who estimated that one needs at least some 300k per month to live a comfortable life in the city. ie housing - 80k pm (apartment kileleshwa etc) food - 50k utilities (power, water, security, service charge, dstv, internet) - 40k car and insurance - 50k pm kids education (assume 2 kids each at 150per term) ie 100 pm medical - 20k pm total - 340 pm (and we haven't included househelp, savings, pombe, relatives etc) Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Member Joined: 5/15/2019 Posts: 669 Location: planet earth
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Muthawamunene wrote:My contribution to this topic is this;
- 9 years ago my dividend cheques were less than 400/= (yes, I had about 20k in the market at that time)
- Through the years my dividend cheques have grown to 6 figures per annum. Hopefully, If I can get them to 7 figures before I decide its time to "ponda mali" properly.
- Stocks are NOT my only income source; heck at this point in time they are just parking for money generated from other sources. Very few get the privilege of "Living on stocks" alone.
- I have been fortunate to get into blue chips at low prices, my portfolio has never been in the red and I enjoy an average dividend yield of 11.5%.
- I have never sold, but I do make additions and reinvest when I judge the times to be right; like in 2016-2018 when they had the rate-cap (we had more than 24 months to weka haba na haba)
- If you do not have huge lump sums of money, the only way to value-invest is by doing over a long period and getting in when moments are right. I especially love long recessions, they give you time to put in little by little.
- If you do have huge chunks of money at your disposal, the best value would be real estate and business in that order, @Mugundaman actually knows what he is saying.
- The ultimate investor is a diversified investor - Stocks for long term cash-flow, Land for value appreciation, Rental and Bond income as safety nets, Business for the ultimate risk-return ratio.
- There is no quick money unless its business. I am grateful for having started early and I am grateful for Wazua esp a guy called cde-monomopata
Very believable story hapa and one can obviously tell you have that practical wisdom that betrays this. VVS on the other hand has a storo that simply does not add up. I 100% agree with diversification, but not into the casino where companies are corrupt to the brim and can anguka at any time! Corona too has proved that unless you have control of your investment you can get in serious trouble overnight, as not even an ivnestment genius could have seen it coming. I prefer another sort of diversification. Mugundas kila mahali and the things that sit on them . Safe. Tangible. Appreciating at rapid clip as long as Kenyans keep breeding like rats. An investment that has a solid track record since independence and counting. Why would I sell a plot worth 20 million that is guaranteed to climb to 30 metre in under a decade (without improvements!)to invest in some pata potea (as Receptor calls it) experiment? I will leave that to crazy risk lovers like VVS. Age and family mellows us all over time
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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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sqft wrote:VituVingiSana wrote:amorphous wrote:Receptor wrote:There are only two ways to make a living out of the NSE casino.
1. Number one is to have a core list of 12 hisas representing 12 months. Each hisa should give a dividend of minimum 120 gees(minus withhoding tax)....note this vary per individual. Some wazua elders have claimed that their living standards equals 300 ngwanyes per month.(kila mbuzi akule kwa urefu wa kamba yake)
2. Number two is wekelea-ing an amount of say 1 million shillings and playing pata-potea with the bluest of the bluechips. For example you can play Safaricom numerous times in a year entering at 26 and alighting at 29. However, be warned, you have to have a back-up source of income because value traps humu humu ni nyingi.
I foresee @amorphous a.k.a jamaa wa ground-zero(formely Jamaa wa ku-flip burgers) violently shuttering some long held myths hapa wazua.
You have spoken like a mzee wa kijiji sitting on a three legged stool! I am tired of the made-up stories ati how people are living large trading hisa yet we all know the NSE market has gone sideways for the past 20 years If VVS was making 120-300 ngwanyes per month in dividends alone from hisa he would be more than a household name in Kenya by now, which he has humbly admitted he is not. I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya will crumble like a stack of badly arranged cards. In fact expect more excuses once the dung hits the fan and the portfolio is bleeding serious red in losses! If S Mutaga III Esq who once mocked us all and told us "we are stupid because we do not have the intellect and skills to make millions in the market like he does" has fled with his tail between his legs from the BURNING NSE HOUSEclutching what is left of his hisa penny crumbs, jameni what more proof do Wazooans want that these riches from hisa storos hapa are all FAKE? @receptor - Which Wazuans are these "Some wazua elders have claimed that their living standards equals 300 ngwanyes per month."? Even I want to know. Please post the actual quote. @amorphous - You crack me up! "If VVS was making 120-300 ngwanyes per month in dividends" 120k x 12 = 1.44mn (I am a modest spender, even if I say so myself) At 8% Dividend Yield = 18mn gets the job done. Heck, just round up to 20mn. At 5% DY = 29mn rounded up to 30mn. "I guarantee you that within 6 months peke yake of tracking his protfolio the myth of hisa riches in Kiinya" You are a persistent troll lakini I am patient. 4 years, not 6 months, as quoted here http://wazua.co.ke/forum...07&f=1&q=896893 I expect LOWER than usual dividends from June 2020 to June 2021 but I will not starve just lose some weight I am the one who estimated that one needs at least some 300k per month to live a comfortable life in the city. ie housing - 80k pm (apartment kileleshwa etc) food - 50k utilities (power, water, security, service charge, dstv, internet) - 40k car and insurance - 50k pm kids education (assume 2 kids each at 150per term) ie 100 pm medical - 20k pm total - 340 pm (and we haven't included househelp, savings, pombe, relatives etc) I find your estimates a bit high, but then maybe I am just cheap. In any case, if one is really serious, the first investment you make is a roof over your familys head (some things are more important than money), so that removes the 80K rent. 300K is a still a good target to aim for. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Member Joined: 7/1/2019 Posts: 119
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I have looked and re-looked at this list over and over again and must say i am at my wits end trying to figure out how one can make a living on such a portfolio in the third largest economy in sub-Saharan Africa.
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Receptor wrote:I have looked and re-looked at this list over and over again and must say i am at my wits end trying to figure out how one can make a living on such a portfolio in the third largest economy in sub-Saharan Africa. Then don't stress. But since this is a learning experience, I will explain what you should have read. The "value"of the portfolio is random. The ROI is what we want to measure over 4 years. http://wazua.co.ke/forum...11&f=1&q=896959
So we started at 10mn just to make it easier to allocate shares according to the % of my current holdings. It could have been 1mn or 100mn. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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