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to pay 500k loan lumpsum or buy shares then pay later
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theking
#1 Posted : Tuesday, December 17, 2013 9:45:49 PM
Rank: Member


Joined: 1/25/2010
Posts: 344
now that the market is more red than green,m tempted to buy shares instead of payn of a loan. gd idea? pls advice. if i buy,which r the safe counters btn now n Feb/Mar?
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sparkly
#2 Posted : Wednesday, December 18, 2013 6:55:46 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
theking wrote:
now that the market is more red than green,m tempted to buy shares instead of payn of a loan. gd idea? pls advice. if i buy,which r the safe counters btn now n Feb/Mar?

The market is not exactly cheap. Most blue chips are trading at high PE.

Pay off the loan to avoid interest payments. Begin saving for the next round of discounts.

If you must buy stocks, the Agha Khan firms and the financial institutions never disappoint.
Life is short. Live passionately.
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subaru
#3 Posted : Wednesday, December 18, 2013 8:19:20 AM
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Joined: 3/15/2010
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Location: nairobie
if the counter your aiming at is red then make sure you buy it at the best discounted price
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mibbz
#4 Posted : Wednesday, December 18, 2013 2:02:59 PM
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Joined: 2/18/2011
Posts: 448
theking wrote:
now that the market is more red than green,m tempted to buy shares instead of payn of a loan. gd idea? pls advice. if i buy,which r the safe counters btn now n Feb/Mar?



SGL is touching 25 bob,grab 20k shares and wait for 30 bob in march;thats a clean 100k in 3 months then repay the loan;100k enda easter holiday
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VituVingiSana
#5 Posted : Wednesday, December 18, 2013 2:08:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,124
Location: Nairobi
What interest rate do you pay? If 15% or more, then pay off the loan.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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streetwise
#6 Posted : Wednesday, December 18, 2013 3:03:55 PM
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Joined: 6/23/2011
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Location: Nairobi
Buy any asset...in the words of rich dad poor dad anything that do not remove money from your pocket but keeps on appreciating. That is so long as you can affort the loan repayments.
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theking
#7 Posted : Wednesday, December 18, 2013 3:23:25 PM
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Joined: 1/25/2010
Posts: 344
VituVingiSana wrote:
What interest rate do you pay? If 15% or more, then pay off the loan.


interest rate is 6%
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kangi
#8 Posted : Wednesday, December 18, 2013 3:31:28 PM
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Joined: 7/23/2009
Posts: 526
streetwise wrote:
Buy any asset...in the words of rich dad poor dad anything that do not remove money from your pocket but keeps on appreciating. That is so long as you can affort the loan repayments.


Well said besides there are no certificates for early loan repayments. At 6% I'd rather invest.
Accept no one's definition of your life; define your life.
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urstill1
#9 Posted : Wednesday, December 18, 2013 4:59:05 PM
Rank: User


Joined: 9/6/2013
Posts: 1,446
Location: In a house
theking wrote:
VituVingiSana wrote:
What interest rate do you pay? If 15% or more, then pay off the loan.


interest rate is 6%


This is one of the reasons why I will never pay HELB lump sum. 2k a month imewatosha. Hiyo 2k hutoka from a 100k investment. 4% who can pay lump sum?
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Kalameni
#10 Posted : Wednesday, December 18, 2013 6:31:39 PM
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Joined: 9/20/2010
Posts: 79
i would rather invest in land at the moment than trying to gamble with which stock to pick cause most are overpriced.
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VituVingiSana
#11 Posted : Thursday, December 19, 2013 2:01:10 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,124
Location: Nairobi
theking wrote:
VituVingiSana wrote:
What interest rate do you pay? If 15% or more, then pay off the loan.

interest rate is 6%
Nice. Then your choices just exploded! Or buy a Bond eg Kengen that pays 12% with zero taxes...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#12 Posted : Thursday, December 19, 2013 10:38:05 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
theking wrote:
now that the market is more red than green,m tempted to buy shares instead of payn of a loan. gd idea? pls advice. if i buy,which r the safe counters btn now n Feb/Mar?


Pay the loan and you'll start keeping 100% of your income. That's a guarantee and there's a good change that the returns of keeping the 100% are higher than the capital gain or dividend you'll get. Don't gamble with what you don't have.

BBI will solve it :)
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jerry
#13 Posted : Thursday, December 19, 2013 12:28:01 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
2012 wrote:
theking wrote:
now that the market is more red than green,m tempted to buy shares instead of payn of a loan. gd idea? pls advice. if i buy,which r the safe counters btn now n Feb/Mar?


Pay the loan and you'll start keeping 100% of your income. That's a guarantee and there's a good change that the returns of keeping the 100% are higher than the capital gain or dividend you'll get. Don't gamble with what you don't have.

Can't remember the verses but even the Bible is against keeping cash idle. You need to invest wisely though not sure where you get the wisdom. Pray!Pray!Pray!
The opposite of courage is not cowardice, it's conformity.
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The optimist
#14 Posted : Thursday, December 19, 2013 2:17:42 PM
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Joined: 6/14/2010
Posts: 521
Location: Nairobi
theking wrote:
VituVingiSana wrote:
What interest rate do you pay? If 15% or more, then pay off the loan.


interest rate is 6%


Now that caught my eye. 6% unbelievable!
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oltome
#15 Posted : Thursday, December 19, 2013 8:16:11 PM
Rank: Member


Joined: 8/27/2012
Posts: 136
The optimist wrote:
theking wrote:
VituVingiSana wrote:
What interest rate do you pay? If 15% or more, then pay off the loan.


interest rate is 6%


Now that caught my eye. 6% unbelievable!

Which bank?? Tafadhali tuelimishe ion does anyone know of a bank lending at <20% kindly saidia
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