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Getting a loan to buy Mumias shares
Rank: Elder Joined: 7/11/2012 Posts: 5,222
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mukiha wrote:Don't take the loan. You don't need it!
Ask the bank to calculate for you the installments. then commit that amount (from your salo) to buying MSC in small portions every month.
Tha't the beauty of stocks; unlike land,you can buy small lots that fit into your pocket without having to take a loan.
Usiwe na haraka...ya kununua zote mara moja.
Eg.,the last six months,I've been putting sh3k to sh4k into two counters every week...one week here,the next week there....
Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) How I wish Id known about Wazua, and read this comment! This was my second attempt @IPO, after making cash off Mpesa... Sema kunyolewa  No regrets though, this was filed under 'Experience'
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:Gatheuzi wrote:Today Mr. Obiero you are starting to heal. You are really digging for old information which is good. That is how healing starts. Slowly but surely. Atleast I dint take a loan! @ Gatheuzi i noticed that too. @ Obiero digup the worst mistake in trading...that one will make you look like an achiever on KQ  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Boris Boyka wrote:obiero wrote:Gatheuzi wrote:Today Mr. Obiero you are starting to heal. You are really digging for old information which is good. That is how healing starts. Slowly but surely. Atleast I dint take a loan! @ Gatheuzi i noticed that too. @ Obiero digup the worst mistake in trading...that one will make you look like an achiever on KQ @Boris the old guns here will tell you that I come immediately after stocksmaster and young in terms of percentage gain derived from the NSE.. Coop bought at 6 sold at 18, Centum bought at 6 sold at 21, HFCK bought at 16 sold at 29, KCB bought 26 sold at 60.. The NSE has been kind to me and KQ shall rise like the proverbial phoenix
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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@Obiero. My advice to you remains the same. I've held losing counters before and for a long time. If u haven't given up on KQ. Leave it alone. Start investing elsewhere. Ur lucky we are in a bear mode. In 3+ years after the bear is over.the gains from your other investments will dwarf KQ. And who knows by then your KQ loss might have reduced or disappeared. By then it will be easier to sell even if at a loss coz of your other gains. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Aguytrying wrote:@Obiero. My advice to you remains the same. I've held losing counters before and for a long time. If u haven't given up on KQ. Leave it alone. Start investing elsewhere. Ur lucky we are in a bear mode. In 3+ years after the bear is over.the gains from your other investments will dwarf KQ. And who knows by then your KQ loss might have reduced or disappeared. By then it will be easier to sell even if at a loss coz of your other gains.
@aguy that is exactly what I shall do.. thanks
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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And also be the Elder you are by not bothering to be defensive; no serious stock market player has never lost including @Boris too, although he may be laughing now.
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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iris wrote:And also be the Elder you are by not bothering to be defensive; no serious stock market player has never lost including @Boris too, although he may be laughing now. @iris preach
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: 6/23/2009 Posts: 13,549 Location: nairobi
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4.6B H1 LOSS for MSC www.businessdailyafrica....04/-/uhx1bz/-/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Mumias could lose 4.6bn for 6 years to match the loss KQ made! *I have no interest in Mumias and I think it should not be bailed out. Nor should KQ. Both need to go into bankruptcy and be restructured* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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iris wrote:And also be the Elder you are by not bothering to be defensive; no serious stock market player has never lost including @Boris too, although he may be laughing now. I missed this one. Its absolutely true. We laugh at it, accept and move on. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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ptor wrote:I have applied a loan of ksh 100000 to buy Mumias shares now that there been upward movement.Is that a good investment?
6880186
ptor hope you are recovering well my brother KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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mkate_nusu wrote:ptor wrote:I have applied a loan of ksh 100000 to buy Mumias shares now that there been upward movement.Is that a good investment?
6880186
ptor hope you are recovering well my brother lol. @mkate stop rubbing up healing wounds
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: 2/26/2012 Posts: 15,980
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mkate_nusu wrote:ptor wrote:I have applied a loan of ksh 100000 to buy Mumias shares now that there been upward movement.Is that a good investment?
6880186
ptor hope you are recovering well my brother  2009 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Getting a loan to buy Mumias shares
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