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investing on share.
petsimo
#1 Posted : Friday, July 04, 2014 6:00:04 PM
Rank: Hello


Joined: 7/4/2014
Posts: 6
Kindly please assit me with trading share. I have aka 50k lying somewhere, I have never done share trading, need advice on how i can make use of the cash and get a few chumz out
of it.
Tall Order
#2 Posted : Sunday, July 06, 2014 6:30:07 AM
Rank: Member


Joined: 5/9/2014
Posts: 130
Location: Nairobi
Diversify is the key word around here so that losses in one counter can be absorbed by another counter. Choose 2-3 counters at the NSE and invest in them, look for good companies, research on them but remember predicting the market is never easy.
icecube
#3 Posted : Sunday, July 06, 2014 10:53:29 AM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
petsimo wrote:
Kindly please assit me with trading share. I have aka 50k lying somewhere, I have never done share trading, need advice on how i can make use of the cash and get a few chumz out
of it.

If you have never done share trading, then can I assume you don't have a CDS account? That is where you can start. Open an account with one of the brokers and remember, share trading is tricky. You have to do a lot of research on the companies before you buy their shares. Remember, the trick, just like in any other trading, is to buy low and sell high, and to know when a share is low is the catch. This will need some research and reading. There are many experienced traders in this forum so keep reading posts in this forum about share trading and you will pick a few tips. You can also post questions in the forum, there are experienced traders who may give you advice and answers for free. Hope this helps.
icecube
#4 Posted : Sunday, July 06, 2014 10:57:04 AM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
Tall Order wrote:
Diversify is the key word around here so that losses in one counter can be absorbed by another counter. Choose 2-3 counters at the NSE and invest in them, look for good companies, research on them but remember predicting the market is never easy.

This is very good advice. A mistake I once made was choosing many counters, more than 10, some with as low as 100 shares. Very disappointing when you earn dividends of Sh25 or Sh65. I lost big time. Now I have learnt the trick. But choosing the 2-3 counters is the major trick.
Tall Order
#5 Posted : Sunday, July 06, 2014 7:39:21 PM
Rank: Member


Joined: 5/9/2014
Posts: 130
Location: Nairobi
Correct 'icecube', the challenge is which of the counters does constitute one's portfolio and a difficult task to pick 3 correct counters.

At the start of 2014 my top 3 were (HFCK, DTB Bank and TPS Serena) TPS Serena became Equity Bank because of the insecurity which affected tourism plus advisories and recently watched Unga rally from nowhere, just how difficult it is to predict the market. Sometimes changes have to be made to the plans CFC Stanbic also did quite well in the first 6 months of 2014 but some of these shares are priced too high for a good entry level. Buy low, sell high is the aim of every investor.
icecube
#6 Posted : Sunday, July 06, 2014 8:45:26 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
Tall Order wrote:
Correct 'icecube', the challenge is which of the counters does constitute one's portfolio and a difficult task to pick 3 correct counters.

At the start of 2014 my top 3 were (HFCK, DTB Bank and TPS Serena) TPS Serena became Equity Bank because of the insecurity which affected tourism plus advisories and recently watched Unga rally from nowhere, just how difficult it is to predict the market. Sometimes changes have to be made to the plans CFC Stanbic also did quite well in the first 6 months of 2014 but some of these shares are priced too high for a good entry level. Buy low, sell high is the aim of every investor.


How is your experience with HFCK at the moment? Would you advice a buy?
Tall Order
#7 Posted : Monday, July 07, 2014 12:13:19 PM
Rank: Member


Joined: 5/9/2014
Posts: 130
Location: Nairobi
I would recommend a buy of HFCK because of their strong fundamentals but not at the current trading price of around 46 which I consider not sustainable in the short term, I would be looking at prices between 37-40.
icecube
#8 Posted : Monday, July 07, 2014 12:37:21 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
Thanks @Tall Order...I will wait for HFCK at 40 or below.
petsimo
#9 Posted : Friday, July 11, 2014 10:50:24 PM
Rank: Hello


Joined: 7/4/2014
Posts: 6
Thanks for the advice. Will start by oppening a CDS account. Yeah reserch is a must, and with advice lyk this i know all goes well.
icecube
#10 Posted : Monday, July 14, 2014 10:18:01 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
petsimo wrote:
Thanks for the advice. Will start by oppening a CDS account. Yeah reserch is a must, and with advice lyk this i know all goes well.


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