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Urgent need of Cash - Sell?
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patrazi
#11 Posted : Tuesday, February 04, 2014 9:45:02 PM
Rank: New-farer

Joined: 7/18/2012
Posts: 76
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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katumos
#12 Posted : Tuesday, February 04, 2014 11:15:04 PM
Rank: Hello

Joined: 4/26/2011
Posts: 3
Location: nairobi
Avoid debt
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mlennyma
#13 Posted : Wednesday, February 05, 2014 6:34:49 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
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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Horton
#14 Posted : Wednesday, February 05, 2014 7:42:27 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
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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faa
#15 Posted : Wednesday, February 05, 2014 7:45:58 AM
Rank: Member

Joined: 5/8/2007
Posts: 709
compared to taking an 18% loan, you would rather sell the shares
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sparkly
#16 Posted : Wednesday, February 05, 2014 8:01:31 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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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webish
#17 Posted : Wednesday, February 05, 2014 8:10:08 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
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). Applause Applause

Life is joy, death is peace, but the transition is very difficult.
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heri
#18 Posted : Wednesday, February 05, 2014 12:53:43 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
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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xtina
#19 Posted : Wednesday, February 05, 2014 3:04:53 PM
Rank: Member

Joined: 6/26/2008
Posts: 401
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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Aguytrying
#20 Posted : Wednesday, February 05, 2014 8:12:43 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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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