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Rank: Hello Joined: 2/28/2012 Posts: 2
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Hi.I have been saving for the last two years and now i want to invest my hard earned cash, more in the stock market.I know nothing about the stock market but i only know of people buying shares and selling.can someone please advice me on which company to buy shares? and am I on the right direction?thanks.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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abdiaziz wrote:I know nothing about the stock market. Then stay very far from it until you learn some more.. Take a class or check out websites like www.investopedia.comMark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:abdiaziz wrote:I know nothing about the stock market. Then stay very far from it until you learn some more.. Take a class or check out websites like www.investopedia.com Yahoo answers: infinity number of users found this answer very useful. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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guru267 wrote:abdiaziz wrote:I know nothing about the stock market. Then stay very far from it until you learn some more.. Take a class or check out websites like www.investopedia.com yep ! for once madam guru you have said something that makes sense
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Rank: Elder Joined: 10/23/2008 Posts: 3,966
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guru267 wrote:abdiaziz wrote:I know nothing about the stock market. Then stay very far from it until you learn some more.. Take a class or check out websites like www.investopedia.com Well, there are people who've made money from the stock market with very little info about it. And there are stocks gurus who've lost money in it. Advising someone to stay far from it is certainly not the way to go, no? Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Jus Blazin wrote:
Well, there are people who've made money from the stock market with very little info about it.
That is called GAMBLING... People do also make money in casinos dont they¿¿ Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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abdiaziz wrote:Hi.I have been saving for the last two years and now i want to invest my hard earned cash, more in the stock market.I know nothing about the stock market but i only know of people buying shares and selling.can someone please advice me on which company to buy shares? and am I on the right direction?thanks. Abdi Aziz, well there's no doubt you've made money! sold some oil? Haya wachana na @guru, you just hire me as your Financial advisor alafu leta hizo pesa!   @SufficientlyP
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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Abdul, why dont you put the money in treasury bills for now. Although the demand is really high @ the moment, but the interest is not that bad...treasury bills and stock market zinapelekeshana in opposite direction. When treasury bills rates are high, the stock market things are bad.
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Rank: New-farer Joined: 1/9/2012 Posts: 23
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abdul, if you are interested in investing in unit trusts,drop me an email at nicholas.mwangi@oldmutualkenya.com . now that our equity fund has gained from 217 last november to 247 today, the money market from 8% to 13.72%. where is the lynch mob? i told you guys, its just a matter of timing.
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Rank: Veteran Joined: 10/25/2007 Posts: 1,574
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nikimani wrote:abdul, if you are interested in investing in unit trusts,drop me an email at nicholas.mwangi@oldmutualkenya.com . now that our equity fund has gained from 217 last november to 247 today, the money market from 8% to 13.72%. where is the lynch mob? i told you guys, its just a matter of timing. Unit Trusts? Old Mutual? HECK NO!  Set out to correct the world's wrongs and you will most certainly wind up adding to them.
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Rank: New-farer Joined: 1/9/2012 Posts: 23
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jguru, tell me your story. let me guess, you got in when the prices were high and when the market dipped,you panicked and cashed out..i will still insist,if an investor has no knowledge or experience with the NSE, Unit Trusts are a better option, rather than getting your fingers burnt on your own,let the fund managers work for you.
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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Like it or not TBills are the better option...
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Rank: Member Joined: 8/17/2011 Posts: 207 Location: humu humu
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lovely2010 wrote:Like it or not TBills are the better option... [color=darkblue][color=green]They are..so was the infrastructure bonds.Its good to diversify. i have no problem with mutual funds,but for me its been wonderful managing my own funds.The thrill(Ups and down) has no equal.Reallocating my portfolio in different asset classes, real estate Tbils,bonds and the "shitty" stocks,listening to divergent views of Wazuans,some of whom are so experienced! they are actually "celebrities here".
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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kaifastus wrote:lovely2010 wrote:Like it or not TBills are the better option... [color=darkblue][color=green]They are..so was the infrastructure bonds.Its good to diversify. i have no problem with mutual funds,but for me its been wonderful managing my own funds.The thrill(Ups and down) has no equal.Reallocating my portfolio in different asset classes, real estate Tbils,bonds and the "shitty" stocks,listening to divergent views of Wazuans,some of whom are so experienced! they are actually "celebrities here". I wish they would post their statements here, we analyze, then decide if they r so called celebs...
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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jguru wrote:nikimani wrote:abdul, if you are interested in investing in unit trusts,drop me an email at nicholas.mwangi@oldmutualkenya.com . now that our equity fund has gained from 217 last november to 247 today, the money market from 8% to 13.72%. where is the lynch mob? i told you guys, its just a matter of timing. Unit Trusts? Old Mutual? HECK NO! Never Ever. Invested some money in their equity fund. And invested a similar amount in the stock market on my own (I admit wazua helps every now and then)... My own investments did much better than their crappy UT. Figured out the hard way that the best manager of my money is me. In retrospect, that was a cheap lesson.
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Rank: Elder Joined: 10/23/2008 Posts: 3,966
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guru267 wrote:Jus Blazin wrote:
Well, there are people who've made money from the stock market with very little info about it.
That is called GAMBLING... People do also make money in casinos dont they¿¿ In the Market section, if one wants to purchase something, he's given ideas, pros and cons of a particular thing, where to get it, et cetera. In Investor section, if one asks for advise on stocks from people in the know, he's told to keep off till he knows one or two things. Well, that's why he came to the gurus in the first place, so as to know that which he knoweth not. Don't chase him, advise him. That's all he's asking of you. Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Jus Blazin wrote: Well, that's why he came to the gurus in the first place, so as to know that which he knoweth not. Don't chase him, advise him. That's all he's asking of you. All I was saying is that you ought to read more about stock markets if you know nothing about them.. 1. How exactly is my advice useful to you if you have no idea what I am saying¿ 2. If you bought a stock basing on my advice without knowing the NSE at all wouldnt that be gambling¿ Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:Jus Blazin wrote: Well, that's why he came to the gurus in the first place, so as to know that which he knoweth not. Don't chase him, advise him. That's all he's asking of you. All I was saying is that you ought to read more about stock markets if you know nothing about them.. 1. How exactly is my advice useful to you if you have no idea what I am saying¿ 2. If you bought a stock basing on my advice without knowing the NSE at all wouldnt that be gambling¿ The market like the lord helps those who help themselves, but unlike the lord it doesn't forgive those who know not what they do. Guru's advice is the best our new friend can get, first you learn about stocks before spending a single cent. Otherwise you will burn yourself, and learn the very hard way. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Hello Joined: 2/28/2012 Posts: 2
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Thanks all for your reply .let me try to look for stock brokers around.thanks
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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If you know nothing about stock market, the stick to blue chips and invest long-term [10+years]. Don't attempt to "play the market". Blue chips are companies that are very predominant in general society... the likes of KCB, BBK, BAMBURI, EABL, NMG, SCOM etc. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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