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what to buy with 600,000 tomorrow
icecube
#21 Posted : Monday, September 15, 2014 9:31:33 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
shrewdinvestor wrote:
Did I see someone with a banner reading "i find satisfaction in owning great businesses and not trading them"That is my mantra of late and it has made me money.Buying stocks is a very personal matter.Buy something that will not keep you awake at night.Pray

When you say "i find satisfaction in owning great businesses and not trading them" and say it has made you money, do you make money on dividends alone without trading them?
sparkly
#22 Posted : Monday, September 15, 2014 10:44:32 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
what scares me is how easily you want to take advice and invest your cash.
choose a share that even if your initial capital is halved by a paper loss in the next 1-3yrs you will not sell, because you believe in that company.
if u can't find such a share buy a tbill or a money market fund.


Agreed.
Life is short. Live passionately.
target1360
#23 Posted : Tuesday, September 16, 2014 3:01:07 AM
Rank: Member


Joined: 5/14/2014
Posts: 288
Location: nairobi
icecube wrote:
shrewdinvestor wrote:
Did I see someone with a banner reading "i find satisfaction in owning great businesses and not trading them"That is my mantra of late and it has made me money.Buying stocks is a very personal matter.Buy something that will not keep you awake at night.Pray

When you say "i find satisfaction in owning great businesses and not trading them" and say it has made you money, do you make money on dividends alone without trading them?

depends on how you look at it. Have shareholders like dj ck of centum made money though they may not have sold their shares?
The focus should be on whether the underlying business is making money.
I find satisfaction in owning great business,not trading them
Kingotore
#24 Posted : Tuesday, September 16, 2014 7:36:35 AM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
This forum is an investment forum where every post is an answer but l have to digest opinion of each member. I like your opinion as l continue to research on above counter but not limited.
GOOD TO GREAT. KINGOTORE
mlennyma
#25 Posted : Tuesday, September 16, 2014 7:51:24 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
I finished buying carbacid last week at 25 bob range to wait for the unknown but I think the products they deal with have a future.I rarely consult on what to buy and many times I have smiled.
"Don't let the fear of losing be greater than the excitement of winning."
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