Dumb investor. I am also dumb but can share something..I bought Safaricom at over 7 also and access Kenya at 35. But What I did with Safaricom is to keep on buying as the prices went down i.e. dilute the cost. I bought some safaricom shares at 3 and my current cost average is 4.35 meaning that if I sell now as I plan to, I will make a profit even though I dumbly bought at 7. My average of Access Kenya is now 21.62 from a purchase of 35. When Access Kenya starts trading Xd, the price will fall to below 15 and I will buy more to reduce that average to below 20. After that prices will go up and I can then sell.
For KCB if you have money, start buying, you could dilute your price and hold for a year or so. But if you are scared sell and get out before you loose further. But then you will lock the loss. If I were you and had some, I will simply buy. I had ordered some KCB shares at 20, but when they announced the split I cancelled. I plan to take my rights and buy more at 15

For someone to make money in the market, someone has to lose money.

U r not dump...are u aware that there r pple i.e centum who bought KQ at 140 bob...

Use shilling cost averaging i.e buy shares at regular intervals so that when the market is low you buy more share and when the market is high your money affords fewer shares. That way you average the cost of the shares over a duration. I bought some SCom shares at 7.2 and felt pretty dumb. Then when the price got to 2.8, I invested heavily in the same company (I did not shy away from the previous loss). This has paid off handsomely. Continue buying shares on a regular basis and hold for the long term preferably.



this is questionable advice at best...shilling cost averaging is what got him into this problem...i advise that in future you set what are known as stop loss and take profit levels...for instance you bot scom at 7.2...u shud be looking to sell it at say 13.2 as ur take profit level and also look to sell same stock at 4.2 as your stop loss...NEVER EVER average...averaging is adding good money to bad..treat each buy as a different position/trade

@ gems -Lots of spelling errors but hope you get the point(typing fast Im at work)

@The merchant, DO you know of any small broker you can recommend. I am diasporan, hope its someone that i would be able to get hold of easily by phone or email. That has been a challenge, not getting prompt response from my current broker.

Pray tell how shilling cost averaging got him in this problem? He does not say that he has been buying shares over a period; but rather at a single point.

I am assuming that he is interesting in the long term approach rather than the short term speculations that you propose. If you think a share is solid and of good value and priced favourably by the market, you should be happy to buy even more at lower prices. If a share is a dud, hen it should of course be dumped, not averaged down. (Simple common sense)

Yeah, My broker seem to have been buying when the stock was at its highest..I don't know how D&B do business generally but i would receive email telling me to invest the money sitting in the account in such and such, I thgt the broker was working for me and i would just say 'YES'. Later on i realized i must have been very unlucky or plain dumb. Anyway, I learnt from it and from you wonderful people and i think i will trade responsibly next time.

@ GEMS.....Nobody ever mentions Drummond Investment Bank here but I believe they are great. They even send weekly share reports and respond to emails promptly. They also alert you when they suspect you may be making a wrong move in buying a particular stock.I would recommend them.

@ 2 cents

Bought 5,000 KCB at 32.35 then an additional 5,000 at 27-nini hii?

if indeed you are invseting for the long term averaging is actually the worst method because it ties up your money...it thus makes ur trading less effective in the long run because you miss out on oppurtunities...so what happens if the stock hits zero? what do avreagers do in such an example...please name 5 prominent investors or traders who advocate for averaging...i will wait