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STOCK GURUS, IS THIS THE RIGHT TIME TO BUY STOCKS?
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incognito
#1 Posted : Tuesday, August 30, 2011 12:18:21 PM
Rank: Member


Joined: 6/29/2011
Posts: 233
Wazua stock gurus,i have never invested in stocks. My plan is to buy some in the last quarter of 2011. I have been reading several threads here, and i know there is a long bear. Is this the right time to buy some stocks? Which stocks would you recommend?
Excelsior
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guru267
#2 Posted : Tuesday, August 30, 2011 12:20:59 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Yes there will never be a better time.. Especially for a fresh investor..

Get some Kenol and Mumias..
If you're patient.. Then some jubilee will suffice smile
Mark 12:29
Deuteronomy 4:16
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Impunity
#3 Posted : Tuesday, August 30, 2011 12:35:18 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Get some paka at a price of priceless.
Kindu 1.50.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Kirika
#4 Posted : Tuesday, August 30, 2011 12:35:25 PM
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Joined: 1/26/2011
Posts: 211
Location: Nairobi

@ guru

Now that you have mentioned Jubilee which has been on my cross-hairs for so long, at what price should i pull the trigger ?

I have @ Ksh 150 as my price can we tentatively see @Ksh 120......
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FUNKY
#5 Posted : Tuesday, August 30, 2011 12:37:31 PM
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Joined: 4/30/2010
Posts: 1,635
Buy Equity bank.
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incognito
#6 Posted : Tuesday, August 30, 2011 12:52:08 PM
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Joined: 6/29/2011
Posts: 233
Immediately? Or should i wait a little. If you were a fresh investor like me and had Ksh. 250,000,how would you budget/distribute it to buy the stocks you just listed?
Excelsior
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Mainat
#7 Posted : Tuesday, August 30, 2011 12:57:04 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
FUNKY wrote:
Buy Equity bank.

And Centum-if u want to hold for 3yrs+

Both in November

PS: I'm no stockguru. Others have thet title...
Sehemu ndio nyumba
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incognito
#8 Posted : Tuesday, August 30, 2011 1:02:28 PM
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Joined: 6/29/2011
Posts: 233
Guru267, Impunity,Funky and Mainat...thanks mates. That is the wazua spirit. I appreciate. Keep the suggestions coming
Excelsior
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ecstacy
#9 Posted : Tuesday, August 30, 2011 1:14:29 PM
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Joined: 2/26/2008
Posts: 4,449
Hold your cash until late this year, Nov-Dec. Ask this question then based on stock prices then. To cover your bases, in the interim set stock price targets for those you've been encouraged to and consider purchase when this targets are met or approached. Proceed to purchase in small lots & slow. My 2 Cents.
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incognito
#10 Posted : Tuesday, August 30, 2011 1:57:45 PM
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Joined: 6/29/2011
Posts: 233
Impunity wrote:
Get some paka at a price of priceless.
Kindu 1.50.


Eveready? Will it recover?
Excelsior
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incognito
#11 Posted : Tuesday, August 30, 2011 2:02:28 PM
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Joined: 6/29/2011
Posts: 233
ecstacy wrote:
Hold your cash until late this year, Nov-Dec. Ask this question then based on stock prices then. To cover your bases, in the interim set stock price targets for those you've been encouraged to and consider purchase when this targets are met or approached. Proceed to purchase in small lots & slow. My 2 Cents.


November/December is perfect for me. I will hold.
Excelsior
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2012
#12 Posted : Tuesday, August 30, 2011 3:07:19 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
This is a casino. It will go as low as the fund and asset managers want it to go and as high as they allow it to. Get to know one and you might not need to guess. Ama aje @ Guru?

BBI will solve it :)
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pesh cash
#13 Posted : Tuesday, August 30, 2011 3:49:04 PM
Rank: New-farer


Joined: 6/1/2011
Posts: 47
Location: Nairobi
incognito wrote:
Impunity wrote:
Get some paka at a price of priceless.
Kindu 1.50.


Eveready? Will it recover?


i doubt its recovery too... esp for a new investor i.e. incognito n me n others.... its graphs are just depressing and not promising
I am an optimist. It does not seem too much use being anything else. ~Winston Churchill
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StatMeister
#14 Posted : Tuesday, August 30, 2011 4:45:07 PM
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Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
incognito wrote:
Impunity wrote:
Get some paka at a price of priceless.
Kindu 1.50.


Eveready? Will it recover?


Neveready
A bad day fishing is better than a good day at work
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Muthawamunene
#15 Posted : Tuesday, August 30, 2011 9:47:23 PM
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Joined: 1/3/2011
Posts: 264
Location: Nairobi
why dnt you look for the thread that had the books on investing free for down load, read and make your own bloody decision.

Or you could follow the crowd here n play roulette like the rest of them.

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kiterunner
#16 Posted : Tuesday, August 30, 2011 10:23:59 PM
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Joined: 7/9/2011
Posts: 730
Location: Nairobi
if i were you i would wait till later in the year as it seems the bear has some way to go. I would also look for a book known as the intelligent investor (you can find it on an earlier thread here), i have traded on NSE for 3 years and made money but that book has totally changed how i trade from now on. I would highly recommend it before you buy your first share.

my 2 cents
our goals are best achieved indirectly
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sparkly
#17 Posted : Wednesday, August 31, 2011 7:27:52 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
incognito wrote:
Wazua stock gurus,i have never invested in stocks. My plan is to buy some in the last quarter of 2011. I have been reading several threads here, and i know there is a long bear. Is this the right time to buy some stocks? Which stocks would you recommend?

@Incognito join the madness that is stock investing. As a new player there are 2 things you need to be aware of:
1. The nature of stock investment. Stocks are the most risky class of investments. Riskier than cash and cash equivalents, T Bills, Bonds, land etc. The risk varies across different stocks. Small caps are riskier than big caps. Defensive stocks like large utilities, telecoms, beer and tobacco do well in good and bad economic times.
2. Your personal risk profile. Do you have immediate commitments? How old are you? At what stage are you in your career? Can you patiently stand temporary loses knowing that your stocks will recover in the long run? If you can handle the risk, then invest in stocks otherwise keep off for your own good.

I would recommend you start with large capitalised, dividend paying stocks with PE of less than 10 like safcom and kcb then venture to other stocks.
Life is short. Live passionately.
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incognito
#18 Posted : Wednesday, August 31, 2011 8:27:05 AM
Rank: Member


Joined: 6/29/2011
Posts: 233
kiterunner wrote:
if i were you i would wait till later in the year as it seems the bear has some way to go. I would also look for a book known as the intelligent investor (you can find it on an earlier thread here), i have traded on NSE for 3 years and made money but that book has totally changed how i trade from now on. I would highly recommend it before you buy your first share.

my 2 cents


Thanks Kiterunner...I will get the book
Excelsior
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incognito
#19 Posted : Wednesday, August 31, 2011 8:30:00 AM
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Joined: 6/29/2011
Posts: 233
sparkly wrote:
incognito wrote:
Wazua stock gurus,i have never invested in stocks. My plan is to buy some in the last quarter of 2011. I have been reading several threads here, and i know there is a long bear. Is this the right time to buy some stocks? Which stocks would you recommend?

@Incognito join the madness that is stock investing. As a new player there are 2 things you need to be aware of:
1. The nature of stock investment. Stocks are the most risky class of investments. Riskier than cash and cash equivalents, T Bills, Bonds, land etc. The risk varies across different stocks. Small caps are riskier than big caps. Defensive stocks like large utilities, telecoms, beer and tobacco do well in good and bad economic times.
2. Your personal risk profile. Do you have immediate commitments? How old are you? At what stage are you in your career? Can you patiently stand temporary loses knowing that your stocks will recover in the long run? If you can handle the risk, then invest in stocks otherwise keep off for your own good.

I would recommend you start with large capitalised, dividend paying stocks with PE of less than 10 like safcom and kcb then venture to other stocks.



Sparkly, good concise advice. I am grateful. Its people like you that make Wazua what it is...
Excelsior
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underweight
#20 Posted : Wednesday, August 31, 2011 10:40:00 AM
Rank: Member


Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
@incognito, dont be overcautious. Ever heard of stop loss limit. I presume U can accept up to 20% that translates to 50K out of your 250. I suggest U put that cash in the following stock...Olympia, Sameer, Express Kenya, Eveready and Access Kenya. Get burned a little and appreciate the essence of doing on own research instead of going with the hype of wazua.
"A bad decision made now is beta that a good one made later!!"
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