Why start a thread to ridicule stocks investment including investment in real estate compamies? It doesn't add DC plots to your portfolio

To make you happy

Good luck with that papa







Unless you are a FINANCIAL GANGSTA like wakina FI wa HF, CK wa ICDC, NM wa FIRE na kadharika, real insiders minting from within and giving shareholders the shaft, your chances of joining the dollar millionaire category from trading monkeys and nyanis is almost close to zero. . I have asked the NSE'rs to provide public examples of a mere 3 people at most since 1963 who have made their pile (100m+) trading monkeys alone and they have provided zero. The research report that is the subject of this post put the nail in the coffin of the nonsense that NSE is a key path to wealth. But of course those with a stake in the crumbling bourse will always stubbornly disagree even in the face of glaring facts



Compare with tumugunda. A 1/4 acre plot bought in Milimani , Jewel in the Crown, DC today today is going for as little as 4m. With improvements (eg premium flats) it can easily be ramped up in value to 100m within a year (50-70% of it your equity investment, 50-30% of it being resale value accruing to the investor IMMEDIATELY upon completion) depending on how many you construct. In 20 years time that investment will be going for an easy B. From that investment ALONE you have crossed the rubicon permanently within 20 years. Imagine an NSE'r trading tumbilis with the same investment amount trying to compete with a Mugundaman who scales that same investment over 10-20 plots over the course of those 20 years. My friend that would be like a mosquito nyonyaring blood from a lions gololis bragging to the lion that said mosquito is winning the race comfortably, papa. Simply put, haiwesekani. Unless only on a different planet from the third one from the sun.

I am a professional investor in emerging companies, whoever tells you that technology will get you to be a dollar millionaire faster probably don't know the stats. I see at least 1000 promising tech startups every year, 80% of which will never get seed funding even after the founders have spent every $ they have and borrow from every family and friends, and after going without pay for up to 5 years they shutdown. 80% of the 20% that get seed funding will not proceed to series B and C. Short story, the technology companies you see today cumulated from thousands upon thousands of failed technology companies. You are more likely to be a millionaire in retail/farming/manufacturing than in Technology. Of course unless you are a hacker!

If I use the comment someone made above, "7 out of 10 largest companies are Technology companies" The comment do not say " 7 out of 10 largest companies use technology to enable business. If the statement is correct then you can't used the argument that technology is everywhere.

Yes, a lot of start up founders find success after a number of failures but don't forget about survival bias, the stories you read and hear is from accounts of those who survived it doesn't account for millions who blew all their money and life on ideas that failed.

And this is why I reiterate that RE is the path of least resistance to dollar millionairedom in Kiinya today. Hakuna msukosuko mob! You just invest and develop pole pole and the rest is history. Which RE dollar millionaire of do you know of who had to try ten times and failed ten times before they succeeded at what they did. Hata the Optiven guy was conned only once in the beginning - something he could have avoided with proper due diligence - and the rest was history for him..and even his case of being conned on the first deal is a huge anomaly especially in this age of digitisation of land records.

The badness of tech is that the internet has made it a global game and that gives the advantage to well funded companies from US and Europe. There are very few opportunities for localized tech for Kenya, but in those few areas we are having billionaires being created. For example payments, betting, Skiza Tunes etc

Well, you can easily turn this disadvantage to an advantage e.g by offering your services to global companies and thus charging a global rate. As an example all tech guys worth their salt can now easily earn over 500k per month on the lower end by working remotely for global tech companies and I know dozens are already doing so in Kenya and this is just the start. There are tons of opportunities for doing tech, export and outsourcing in this global stage as well.

Another way it can be an advantage is you that you can now tap tech tools and services developed by the best minds in the world and deploy them in your local business and easily beat your competion. Some of these tools are free or very cheap. E.g facebook ads, google office suite, whatsapp for business e.t.c. You can even build a new business from scratch using some of these tools.

Bottomline, Kenya is a poor country with a lot of mediocrity everywhere and there is nothing better than getting access to richer clients who value genuine quality services and products.