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Urgent need of Cash - Sell?
Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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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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Rank: Member Joined: 7/13/2006 Posts: 94 Location: Nairobi
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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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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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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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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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Sell boss. Loans are more expensive. Democracy does not belong to the dead
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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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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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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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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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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sell the shares. starting with laggards going upwards
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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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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Rank: New-farer Joined: 7/18/2012 Posts: 76
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Go for a blend of the two. Sell some shares to raise 60%. Shop around for lower rate loan to top up.
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Rank: Hello Joined: 4/26/2011 Posts: 3 Location: nairobi
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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It takes the biggest fortunes for shares to service a loan.the shares are there to help you in times of need like now..sell what can get you all what you need. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Wow. Quite diverse opinions here. I remember a few years ago, I took an unsecured loan to buy KenolKobil at 45-55bob. The entire sum was put into KK and I finally exited at 11 bob(came to approx 110bob pre split) about a year an a half or so later. Sold all the shares, paid off the loan and with my profits, I bought into Carbacid @ 120-135. Sold Carb later on for 240 & 55bob (pre and post bonus).
The idea is to use leverage to your advantage. Especially if you know what you are doing and if you have indeed done your homework, I would take the loan and leave the shares. Remember, if you have done your homework and like a particular company don't spread yourself thin (others call this diversification). If you can't vouch on your research, then sell the shares
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Rank: Member Joined: 5/8/2007 Posts: 709
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compared to taking an 18% loan, you would rather sell the shares
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Why do you need the loan? Is it for an investment or an expense? If it is for an investment, take the loan if you can service it and still make a profit i.e leverage. If its an expense like buying a car, you are better off selling the shares. Life is short. Live passionately.
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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patrazi wrote:Go for a blend of the two. Sell some shares to raise 60%. Shop around for lower rate loan to top up. This is very interesting (i think). 
Life is joy, death is peace, but the transition is very difficult.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Thank you very much all of you for the ideas and suggestions
i have decided to go for a blend -sell some shares and take a loan as well
purpose of the loan is to complete a building for rent that is almost done otherwise i would not be selling the shares at all
Right now am not very comfortable selling HF , Kenya Re and CFC which constitute 86% of my portifolio
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Rank: Member Joined: 6/26/2008 Posts: 384
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Horton wrote:Wow. Quite diverse opinions here. I remember a few years ago, I took an unsecured loan to buy KenolKobil at 45-55bob. The entire sum was put into KK and I finally exited at 11 bob(came to approx 110bob pre split) about a year an a half or so later. Sold all the shares, paid off the loan and with my profits, I bought into Carbacid @ 120-135. Sold Carb later on for 240 & 55bob (pre and post bonus).
The idea is to use leverage to your advantage. Especially if you know what you are doing and if you have indeed done your homework, I would take the loan and leave the shares. Remember, if you have done your homework and like a particular company don't spread yourself thin (others call this diversification). If you can't vouch on your research, then sell the shares
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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heri wrote:Thank you very much all of you for the ideas and suggestions
i have decided to go for a blend -sell some shares and take a loan as well
purpose of the loan is to complete a building for rent that is almost done otherwise i would not be selling the shares at all
Right now am not very comfortable selling HF , Kenya Re and CFC which constitute 86% of my portifolio do this. sell fractions of your stocks, that way you still remain with your upside potential though at smaller quantities. as opposed to selling one stock completely and watch it rise forever The investor's chief problem - and even his worst enemy - is likely to be himself
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