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Where is the stock wisdom?
groupielove
#1 Posted : Wednesday, September 29, 2010 11:57:24 AM
Rank: Member


Joined: 6/21/2010
Posts: 119
Location: Nairobi
The only time I have delt with stocks is in IPO where I have made good chumz (including Safcom where i sold @ Sh 7/share). In other instances, I have never understood why a person would put his money in stocks as a way of investment. 1)the dividends are always too little; and 2)Share appreciation takes time and doesn't increase to justify investing in them. I prefer investing in real businesses like clubs, farming and real eastate where u get good returns almost immediately. Anyone who can justify stocks??
alikujia
#2 Posted : Wednesday, September 29, 2010 5:06:56 PM
Rank: Member


Joined: 5/27/2010
Posts: 324
Location: nrb
groupielove wrote:
The only time I have delt with stocks is in IPO where I have made good chumz (including Safcom where i sold @ Sh 7/share). In other instances, I have never understood why a person would put his money in stocks as a way of investment. 1)the dividends are always too little; and 2)Share appreciation takes time and doesn't increase to justify investing in them. I prefer investing in real businesses like clubs, farming and real eastate where u get good returns almost immediately. Anyone who can justify stocks??

I think it is a question of your ability, availability and expectations. listed cos. and your (real business?)-clubs,farms,etc are all doing business. only diffrence is you bear all your costs, risks and returns while for shareholders of listed cos. you share these.

By the way why do you invest in IPOs - why do you assume they always go up.
Sober
#3 Posted : Wednesday, September 29, 2010 5:25:55 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
i buy scangroup in december 2009 at KES 27 and sell in on 28th september at 58.00 and you want to convince me you cannot make money unless it's an IPO!?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
groupielove
#4 Posted : Thursday, September 30, 2010 12:30:03 PM
Rank: Member


Joined: 6/21/2010
Posts: 119
Location: Nairobi
alikujia wrote:
groupielove wrote:
The only time I have delt with stocks is in IPO where I have made good chumz (including Safcom where i sold @ Sh 7/share). In other instances, I have never understood why a person would put his money in stocks as a way of investment. 1)the dividends are always too little; and 2)Share appreciation takes time and doesn't increase to justify investing in them. I prefer investing in real businesses like clubs, farming and real eastate where u get good returns almost immediately. Anyone who can justify stocks??

I think it is a question of your ability, availability and expectations. listed cos. and your (real business?)-clubs,farms,etc are all doing business. only diffrence is you bear all your costs, risks and returns while for shareholders of listed cos. you share these.

By the way why do you invest in IPOs - why do you assume they always go up.

I partially agree with you on this but again, don't you think there is over-reliance on other forces beyond your control in your investments? Don't you think the money invested can make better income in some other business ventures? Just thinking
Sober
#5 Posted : Thursday, September 30, 2010 12:36:41 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
The stock market is called 'lazy mans business' according to my dad. but why struggle to make money (or rather lose) it when you can do so just seated there. no one works voluntarily.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
groupielove
#6 Posted : Thursday, September 30, 2010 12:43:02 PM
Rank: Member


Joined: 6/21/2010
Posts: 119
Location: Nairobi
Sober wrote:
i buy scangroup in december 2009 at KES 27 and sell in on 28th september at 58.00 and you want to convince me you cannot make money unless it's an IPO!?

I agree with you this was a big kill. But how often does this happen on a such magnitude?d'oh!
Sober
#7 Posted : Thursday, September 30, 2010 2:32:02 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
if you keep your eyes open, and your ears on the ground, its bound to happen again and again. at the bourse you have to come with a strategy for every result, that makes the difference.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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