Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Monk wrote:sparkly wrote:Monk wrote:Not knowing when to quit time and again:
MSC-left with a 25% loss (170K) in 2013, having accumulated from 2005.
KQ-left with a 40% loss (117K) in 2011 after mistakenly betting on the 2010 World Cup in SA to lift their profitability and share price. Naikuni couldn't turn that windfall into profits.
CARB-passed up an opportunity to cash in when it was at its highest in 2014 following a bonus and split. It started falling soon after in 2015 and has never recovered.
KPLC-Decided to hang on to Mama Ngina's coat tails when she boarded in 2013, thinking her influence would benefit all the shareholders. If I was to bail out today, I would incur a 30% loss (117K)
These days I closely follow the counsel from @vvs and other FAs in Wazua. No more GoK stocks and most of the so called "growth stocks" for me, except KK. Focusing mainly on dividend yields.
Pole, you have lost quite a chunk. When investing large sums on shares, I recommend two options: 1. Buy bluechips - market leaders in their sectors, regular and increasing dividends, long history of profitability, sound management; or 2. Invest with a professional fund manager . A young, small fund is preferable coz of flexibilty and higher returns. i went for option 1. For some counters like KCB, my Div yield last FY was 17% due to a low average buying price... accumulated since 2005. I also started taking small bites of SCBK, BBK and EABL when they dip. Great strategy. Am also looking to get some EABL if price falls below 200. Life is short. Live passionately.
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