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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: 869
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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  | | Edit by moderator: Tuesday, February 04, 2014 5:43 PM | Reason: title shortened
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: 398
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: 11,935
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: 14,240
Location: nairobi
sell the shares. starting with laggards going upwards
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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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