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Urgent need of Cash - Sell?

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heri		#1 Posted : Tuesday, February 04, 2014 5:25:58 PM
Rank: Member Joined: 9/14/2011 Posts: 873 Location: nairobi		URGENT NEED OF CASH-SELL HF, CFC, KENAY RE, COOP SHARES Am in urgent need of substantial amount of cash Would it be advisable to liquidate all my shares at current market prices or take a bank loan at atleast 18% interest rate? Am quite confused Any help please? how do you foresee the market going forward if i take a loan, can i sell the shares at a higher price within the next 4 months and pay off the loan? Am especially hesistant to sell CFC stanbic. what about Coop and HF?
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Murenju		#2 Posted : Tuesday, February 04, 2014 5:30:40 PM
Rank: Member Joined: 7/13/2006 Posts: 94 Location: Nairobi		Did you say 18% interest? That is a killer. Kindly sell what you have and be debt free. Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
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african coloner		#3 Posted : Tuesday, February 04, 2014 5:35:06 PM
Rank: Member Joined: 10/8/2010 Posts: 446 Location: london		heri wrote: Am in urgent need of substantial amount of cash Would it be advisable to liquidate all my shares at current market prices or take a bank loan at atleast 18% interest rate? Am quite confused Any help please? how do you foresee the market going forward if i take a loan, can i sell the shares at a higher price within the next 4 months and pay off the loan? Am especially hesistant to sell CFC stanbic. what about Coop and HF? Coop has been stagnant for the last three years and I don't see it rising any time soon though I could be wrong
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githundi		#4 Posted : Tuesday, February 04, 2014 6:28:13 PM
Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan		Sell boss. Loans are more expensive. Democracy does not belong to the dead
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jawgey		#5 Posted : Tuesday, February 04, 2014 6:34:34 PM
Rank: Member Joined: 1/13/2014 Posts: 399 Location: Denmark		heri wrote: URGENT NEED OF CASH-SELL HF, CFC, KENAY RE, COOP SHARES Am in urgent need of substantial amount of cash Would it be advisable to liquidate all my shares at current market prices or take a bank loan at atleast 18% interest rate? Am quite confused Any help please? how do you foresee the market going forward if i take a loan, can i sell the shares at a higher price within the next 4 months and pay off the loan? Am especially hesistant to sell CFC stanbic. what about Coop and HF? kindly liquidate your portfolio ..I see a bear in the near future Seeing is believing
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Horton		#6 Posted : Tuesday, February 04, 2014 6:39:17 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Been here lots of times since 2003 😄😄. The reason I got into stocks in the first place was to raise a deposit to buy a house. When I found the house, and raised enough money for the deposit, I sold the shares. So we all have different strategies/goals Are you at a loss?? If yes, then don't sell. Will the repayments be difficult to fulfil? If not, Take the loan.
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Angelica _ann		#7 Posted : Tuesday, February 04, 2014 7:18:12 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,941		Sell the shares, do whatever you want to do. Then start all over again investing in stocks. Loan interest will kill you. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero		#8 Posted : Tuesday, February 04, 2014 8:42:27 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi		sell the shares. starting with laggards going upwards COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Aguytrying		#9 Posted : Tuesday, February 04, 2014 8:56:42 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		sell the stocks. if you take a loan and then say you will wait and see if the market go up, you immediately become a speculator with a lot of worry and emotions hanging over your head. and will be very likely to sell at the slightest sign of trouble. debt free is better The investor's chief problem - and even his worst enemy - is likely to be himself
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Sober		#10 Posted : Tuesday, February 04, 2014 8:59:48 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		The loan will give you sleepless nighs compared to getting of a counter as it continues with the upward trend. clear off the loan 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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