That is why personally I quoted 5 million. 5 million and extensive knowledge you will survive. But you have to know what you are doing.

I will use Safaricom shares as an example and will assume you are looking at 100k per month and will also assume that the dividend will remain at 0.64 per share

for you to earn a divident of 1.2 million bob per year from Safcom you will have to buy 1,875,000 ordinary shares.

Going by todays price of shillings 16.30 you be required to invest kshs. 30,562,500 (1,875,000 * 16.30) for you to earn 100k per month in the future.

If you boarded this bus in 2010 when a share was trading at 2 bob, then kshs. 3,750,000 would have done it for you if all factors remain constant (no share price surges, no lower dividend) then 100k will be guaranteed forever. An if inflation will remain the same forever you will live the same lifestyle forever.Unfortunately in life nothing is constant....it rained on Monday but it has not rained today.

As someone has pointed out.......have a very keen look at the prices today, do some research. Do some cherry picking and look for cash to buy

Suppose you have the Ksh 30.5 million cash. Would you not put it in a fixed deposit account. Suppose you are offered an interest of 10%, you will make Ksh 3 million a year. Suppose you are disciplined consumer, you take your Ksh 1.2 million a year for your living expenses and re-invest the balance of Ksh 1.8 million. In year 2 you will increase your fixed deposit to Ksh 32.3 million. Essentially, you deposit will continue growing year after year while you are living on interest income. How about that??

Having 30.5m and living on 1.2m a year now that's called being a miser. With good trading that 32.5m should be around 45-55m in 2 years time.

@wkirumba yes you can but with proper stock analysis and leverage. I have been living off my capital gains the last two years. You must learn leverage and deleverage

It's a risky life for sure. You should ask this question during a bear and you will likely get very different responses. Now people are happy coz the market has been up for a while. Wait until people lose money for a year straight.
I think it's not a good idea - firstly you're exposing yourself to a lot of anxiety with the ups and downs of the market. Next you're spending your life gaming.
A better approach is to invest your money but have a stable job during the process. So you know the basics are always taken care of.
You should realize that people DO LOSE money in the stock market. The guys who are still in the stock market are the lucky ones who didn't lose money. The rest of them don't want to be seen anywhere close to the NSE.

There is no need to be holed in a room in this age of technology.You can even trade stocks from a mobile app.You can make maximum returns with minimum effort.Besides markets like the NSE don't allow day trading so there is no need to be fixated on minute by minute transactions.How do you measure "contribution to humanity"? Are guys doing 9 to 5 instead of stock trading give a better contribution?

And that is where you are headed.

A thousand mile journey...

I promised myself long long time ago that I will never Adebayor my kids!!! I want to be the kind of grandfather who gives the grand kids bankers cheques for their fee once in a while when they come visiting and also spoil them a bit - buy them stuff their parents might never buy them (sometimes pissing off the parents in the process. He he he)

You cannot afford to be a broke old man! It's one thing to be a broke young man (with hopes and possibilities ahead of him) and it is totally a different story to be a broke old man!! It is even worse if you used to have your own money.

To achieve financial independence later in life, you must make plans and act on them now. Whatever the plan, you had better be able to earn a living without working in your later years! Stocks, real estate, a mix, whatever!!!

Living off the stock market is a fantasy my friends, the only people that do are the stock brokers because they make free money on your way in and out of the market. You can live off the stock market in a volatile upward market where you play as a day trader or a swing trader, but even then you will have to be very good at timing the top and bottom of stocks. This is not a worthwhile venture, while you could make a lot of money real quick, you could also lose a lot of money real quick too. Real money in the stock market is made over a very long time, it entails investming money you will not need in the near horizon. You dont wanna have money in the stock market that you will need for paying rent in a couple of months time, what will happen if the markets tanks? Making money in the stock market is a simple thing, it already been figured out and it only takes discipline. All these billionaires in kenya and all over the world did the same thing. Whether you talking about Buffet or Jimna Mbaru, or Chris Kirubi. These people invested in other businesses, be they Insurance(Buffet) or Real estate(Kirubi) and reinvested their returns in their businesses. After a while their revenues got really high and thats when they started pumping money into the stock market. They never at any one point relied on the stock market for their daily bread.