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VituVingiSana
#1 Posted : Sunday, April 29, 2018 11:35:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
A good move by Sterling but I hope the NSE and CMA don't squelch it!
When shares prices tumbled for no good reason [think the 30-50% drop of banking stocks in 2016] I wish I could have had access to such a facility.

https://www.businessdail...494182-df17cl/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mukiri
#2 Posted : Monday, April 30, 2018 1:43:57 AM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku

Proverbs 19:21
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sparkly
#3 Posted : Monday, April 30, 2018 7:24:43 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Mukiri wrote:
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku


Between trading blue chips on margin and trading cryptos, which do you prefer?
Life is short. Live passionately.
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Spikes
#4 Posted : Monday, April 30, 2018 7:35:39 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
sparkly wrote:
Mukiri wrote:
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku


Between trading blue chips on margin and trading cryptos, which do you prefer?


Cryptos
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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sparkly
#5 Posted : Monday, April 30, 2018 9:28:02 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Spikes wrote:
sparkly wrote:
Mukiri wrote:
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku


Between trading blue chips on margin and trading cryptos, which do you prefer?


Cryptos


You and Mukiri want regulations for margin trading but tell people to invest in cryptos which are not regulated. I can't
Life is short. Live passionately.
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VituVingiSana
#6 Posted : Monday, April 30, 2018 10:46:45 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Mukiri wrote:
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku

Is Wanjiku being forced to use margin? NO.
Even Sterling would be circumspect and provide the facility to better clients. BTW, 1bn isn’t a lot... Consider that’s only (approx) 35mn Safcom shares, 20mn Equity/KCB, 666,666 Kurwitu ;-)

If 1bn is spread amongst the 5 most liquid counters then it’s a negligible 200mn per counter.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#7 Posted : Monday, April 30, 2018 10:48:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
sparkly wrote:
Spikes wrote:
sparkly wrote:
Mukiri wrote:
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku


Between trading blue chips on margin and trading cryptos, which do you prefer?


Cryptos


You and Mukiri want regulations for margin trading but tell people to invest in cryptos which are not regulated. I can't

Laughing out loudly Laughing out loudly Laughing out loudly And most of these cryptos are backed by nothing! What happened to “Nuru”?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mukiri
#8 Posted : Monday, April 30, 2018 10:50:14 AM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
sparkly wrote:
Spikes wrote:
sparkly wrote:
Mukiri wrote:
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku


Between trading blue chips on margin and trading cryptos, which do you prefer?


Cryptos


You and Mukiri want regulations for margin trading but tell people to invest in cryptos which are not regulated. I can't

Crypto trading in Kenya to be regulatedsmile
https://www.businessdail...35978-869o6fz/index.html

Proverbs 19:21
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wukan
#9 Posted : Monday, April 30, 2018 2:43:29 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,592
VituVingiSana wrote:
Mukiri wrote:
Most margin traders FAIL! This is a move by a firm to maximize on trading fees, interest from monies lent, which they then take again from hapless traders. Should be quashed until legislature is in place. Saidia Wanjiku

Is Wanjiku being forced to use margin? NO.
Even Sterling would be circumspect and provide the facility to better clients. BTW, 1bn isn’t a lot... Consider that’s only (approx) 35mn Safcom shares, 20mn Equity/KCB, 666,666 Kurwitu ;-)

If 1bn is spread amongst the 5 most liquid counters then it’s a negligible 200mn per counter.


Wanjiku is already doing margin trading. Typically she borrows from Mshwari places multi-bets on sports pesa. Why not allow Wanjiku place bets on something safer like stocks...
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