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Chami & his stocks strategy
Lolest!
#1 Posted : Wednesday, May 31, 2017 5:40:32 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Started in 1971. Buys almost every share

https://www.standardmedi...-in-over-60-listed-firms
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Ebenyo
#2 Posted : Wednesday, May 31, 2017 8:01:27 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
[quote=Lolest!]Started in 1971. Buys almost every share

https://www.standardmedi...in-over-60-listed-firms[/quote]


That was a very poor strategy no wonder he hasnt gained much for all those years.
You just cant buy in all counters.Your portfolio will be spread thin and will lack quality.His was quantity and no value.
Longterm investment is about value and not quantity.
Value and diversification are the key.
Towards the goal of financial freedom
murchr
#3 Posted : Wednesday, May 31, 2017 8:17:32 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
He still owns his stake at REA vipingo... smile
"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
.
gatoho
#4 Posted : Thursday, June 01, 2017 6:55:35 AM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
Ebenyo wrote:
[quote=Lolest!]Started in 1971. Buys almost every share

https://www.standardmedi...in-over-60-listed-firms[/quote]


That was a very poor strategy no wonder he hasnt gained much for all those years.
You just cant buy in all counters.Your portfolio will be spread thin and will lack quality.His was quantity and no value.
Longterm investment is about value and not quantity.
Value and diversification are the key.


Show me your rental building and 30 acres from your gains and I will accept what you say
Foresight..
sparkly
#5 Posted : Thursday, June 01, 2017 7:40:11 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Looks like a hobby and a passion for him.


Hobbies are not necessarily for the money but his makes him money once in a while. I say it's a good hobby for him to have.

Life is short. Live passionately.
Ebenyo
#6 Posted : Thursday, June 01, 2017 8:13:39 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
gatoho wrote:
Ebenyo wrote:
[quote=Lolest!]Started in 1971. Buys almost every share

https://www.standardmedi...in-over-60-listed-firms[/quote]


That was a very poor strategy no wonder he hasnt gained much for all those years.
You just cant buy in all counters.Your portfolio will be spread thin and will lack quality.His was quantity and no value.
Longterm investment is about value and not quantity.
Value and diversification are the key.


Show me your rental building and 30 acres from your gains and I will accept what you say


nice to hear from you gatoho.long time.is your average price in safcom still 5.00 or did you increase?
Everyone has reasons for investing in stocks.For mr. chami,30 acres of land and rental building were his targets.It doesnt mean that everyone who buys stocks must buy 30 acres of land and rental building with gains earned.
There is more to investing in stocks than that.
Towards the goal of financial freedom
Horton
#7 Posted : Thursday, June 01, 2017 8:48:03 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Classic case of an "index based fund" albeit on a smaller scale. Good on him

I read a book once, can't remember but it may have been by Peter Lynch who recommended buying into index funds especially if u are incapable (time or otherwise) to do research.
Horton
#8 Posted : Friday, June 02, 2017 9:22:01 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Horton wrote:
Classic case of an "index based fund" albeit on a smaller scale. Good on him

I read a book once, can't remember but it may have been by Peter Lynch who recommended buying into index funds especially if u are incapable (time or otherwise) to do research.


Edit: it was actually on intelligent investor by BG
target1360
#9 Posted : Friday, June 02, 2017 9:54:28 AM
Rank: Member


Joined: 5/14/2014
Posts: 288
Location: nairobi
buffet placed a bet that an index would beat actively professionally managed funds, based his latest letter he is winning!
I find satisfaction in owning great business,not trading them
KulaRaha
#10 Posted : Friday, June 02, 2017 10:18:55 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
sparkly wrote:
Looks like a hobby and a passion for him.


Hobbies are not necessarily for the money but his makes him money once in a while. I say it's a good hobby for him to have.



Actually, he does it for the free gifts and lunches...
Business opportunities are like buses,there's always another one coming
sparkly
#11 Posted : Friday, June 02, 2017 1:30:39 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
KulaRaha wrote:
sparkly wrote:
Looks like a hobby and a passion for him.


Hobbies are not necessarily for the money but his makes him money once in a while. I say it's a good hobby for him to have.



Actually, he does it for the free gifts and lunches...


LOL some of the companies he has invested in do not give freebies
Life is short. Live passionately.
Pesa Nane
#12 Posted : Friday, June 02, 2017 3:05:35 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
sparkly wrote:
KulaRaha wrote:
sparkly wrote:
Looks like a hobby and a passion for him.


Hobbies are not necessarily for the money but his makes him money once in a while. I say it's a good hobby for him to have.



Actually, he does it for the free gifts and lunches...


LOL some of the companies he has invested in do not give freebies

Not a fair comment. He travels far and wide - Kisumu, Bomas, Nakuru, Mumias, Kiambu - and the usual fake freebies and bland lunches cannot cover for that.
Pesa Nane plans to be shilingi when he grows up.
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