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Thinking Outside The box (Overseas Investment Series)
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young
#21 Posted : Tuesday, May 04, 2010 10:29:29 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria

INVESTMENT IN GHANA 7


For stocks the minimum investment is 100 units of any counter. Some brokers however require a bigger amount.


After the initial contact you can send funds by wire transfer (same currency). That means if you wire funds in say USD to the brokers USD account, the accounts dept of the broking house
will physically witdraw the funds from their USD account and convert it at prevailing exchange rate and credit your account

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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gathinga
#22 Posted : Tuesday, May 04, 2010 12:07:45 PM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
@young. you prefer a monologue?
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young
#23 Posted : Tuesday, May 04, 2010 12:48:38 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria

Jambo @mzee gathinga

Yes and No.

Yes in the sense that I have a message to pass to my kenyan audiance for those that are interested now or in the future. Nobody would have known about young if I did not take the bold step to invest in Kenya.


No in the sense that if any body ask specific question, I will endeavour to answer.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Chaka
#24 Posted : Tuesday, May 04, 2010 1:01:21 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
@Mzee young,
Here goes:
1.When will you stop investing i.e is there such a thing as enough investment?
2.What do you plan to do when you get to retire?
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young
#25 Posted : Tuesday, May 04, 2010 1:21:05 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
INVESTMENT IN GHANA 8

OVERVIEW OF GHANA MARKET


Ghana have a smaller market than Kenya. Their bourse is just 14 years. Only few stocks are active that means in some days or weeks, some equities are not traded on.

There is a strong believe that with the recent introduction of CSD the liquidity and volume will increase over time.

This is the right time to invest there because of anticipated GDP growth.

There is no specific sector per se but I cannot classify Ghana bourse into four distict sectors :-

Financial
Manufacturing
Industrial
Gold Mining.

The most popular (in terms of liquidity) is financial in that order. Gold mining have only two counters. Only one of them can be bought by foreigners the other Anglogold Ashanti Ghana is the preserve of Ghananian citizens.
Ghana offers you an opportunity to buy Gold stocks.


The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Tuesday, May 04, 2010 3:00 PM | Reason: Not specified
young
#26 Posted : Tuesday, May 04, 2010 1:25:56 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
REPLY TO MZEE CHAKA


(1) Will stop investing in stocks in the next 6 to 8 years. I need to set up a good stock portfolio bigger than my Kenya holdings in Uganda. Why ? because I plan to get a small bungalow vacation home (have already bought land) there so I will depend on the dividends any time I travel there.


(2) When I retire I plan to rest and travel to interact with friends I have made over the years in Nigeria, in Ghana, in Uganda and of course Kenya. I do not rule out writing a book in any of (stocks, real estate, fixed income) investment but I am very comfortable delivering seminars and educating the younger generation. I intend to play a major role on stocks investments in Uganda, as they are far behind Kenya. It is a question of not working for money but allowing your past investment to work for you.


Be aware that I have not invested in stocks in the past two years as am neck deep to levearage my portfolio on real estate.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Tuesday, May 04, 2010 1:42 PM | Reason: Not specified
young
#27 Posted : Tuesday, May 04, 2010 2:10:51 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
INVESTING IN GHANA 9

To butress our discussion find below a typical market trading data , courtesy of databank of Ghana.
It can be seen that out of 37 counters in bourse , only 15 counters were traded on. You can find a similar situation in Botswana, Tanzania, and Uganda bourse. I believe it is a function of people awareness about stock investment.


http://www.databankgroup...m/index1.php?linkid=180
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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guru267
#28 Posted : Tuesday, May 04, 2010 2:21:46 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
young wrote:
To butress our discussion find below a typical market trading data , courtesy of databank of Ghana.
It can be seen that out of 37 counters in bourse , only 15 counters were traded on. You can find a similar situation in Botswana, Tanzania, and Uganda bourse. I believe it is a function of people awareness about stock investment.


i'm very sure in uganda the situation will improve with the automation of trading coupled with investor education and foreign interest in oil production...

i cant wait for the tullow oil IPO
Mark 12:29
Deuteronomy 4:16
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muganda
#29 Posted : Tuesday, May 04, 2010 2:53:02 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Mzee Young, I enjoyed and learnt reading 'VERY PATHETIC BUT LEARN FROM THIS' and 'MY OWN PERSONAL EXPERIENCE'. In fact you whole missive is very informative. From my own experience, I wonder whether I gain more from Wazua by reading or contributing? smile

I've noted your budding passion for real estate (30% of portfolio you say) and I'm still really struggling. I honestly wonder whether I own any ounce of real estate in my life.


Shouldn't it suffice if I could find a counter (read company) or fund that invests in real estate and buy what is not so foreign to me (shares, units)?
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young
#30 Posted : Tuesday, May 04, 2010 4:28:28 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@Mzee Muganda


Unfortunately I do not know of real estate trust company in black african market. May be you may find in south african market.

But I believe the starting point is to relate with those in this business in Nairobi especially to know the safeguards to avoid being conned, with enough information and interaction you will be able to strike a deal.

Be aware man cannot live on stock alone.Multiple
streams of income is still the best.

Best Regards.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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