Wazua
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i'm still in university
Rank: Member Joined: 3/6/2008 Posts: 632
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@Webish..It's never too early to start however we have all different strategies why we do what we do. My advice always buy cheap value stocks, every so often when you can increase your shareholding, now this is where my advice differs, you are in UNI,go drink beer, chase girls but above all else read and read..Graduate get a good job and now you can enter the game. My strategy is long-term bought some blue-chips when i was in UNI(a while ago), half the time i know nothing bout them but every end of year i evaluate however am getting close to the magic number 10 years a few more years, then i will see...Good Luck
The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@Webish before you invest take time to eduacate yourself...The Inteligent Investor by Sparkly...no i mearnt to say Benjamin Graham...LOL...is one stop..@ 13 bob Mumias is a no go...remeber the heavy rains experienced this year affected farmers...
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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@web. Whynt just invest in HFCK and ride up with the speculation.for example. And what @ vvs is suggestin although equally impotant entails u sittin for long periods and possibly wearin ur arse waitin for ur investment to mature. Its also known as value investin. What you need is away to spot uptrends and ride them up ..... Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@ webish, i do not want to mention names but treat @numberlike's advice with caution. The urge to speculate as a new investor is usually very high. You will be waiting to bite at the latest hot tip and latest news. When your share rises by 10% you will be over-excited, You will boast to your friends, you will want to sell immediately and make a profit. When your share falls by 5% you will suffer from indigestion, lack of sleep and you will want to run to the broker and sell to avoid further losses. There is no problem with speculation - in fact i would encourage you to trade, get a feel of the market, do a bit of speculation. It is very hard to suppress the trading instinct, just control it. however you must not get carried away. Bottomline: Be careful when picking your buys, do not be in a hurry. I suggest that you pick 3 quality stocks in different sectors and buy more periodically with the mentality that you will not sell in the next 5 years. Try Safaricom, Kenol and centum. You will be amazed! Life is short. Live passionately.
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Rank: Veteran Joined: 5/20/2008 Posts: 1,126 Location: Nairobi
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@webish
I applaud the fact that you want to get into stocks. Read a lot of ProverB's advice too, do your research and always remember no guts no glory. I think by now you have enought facts to start on something even today and start getting the hands on experience. I bought my first share in uni too, eveready, I thought it was cheap, burnt my fingers and moved on. I now know what to buy and what to avoid. JOIN MY FREE MINI-COURSE FOR WRITERS. CLICK HERE
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Most definately for a new investor u hav to be cautious. But dnt even dare touch kenolkobil. With this price control act . This stock isnt attractive. Dnt be let down by your first failure coz it may come but look past that failure and learn from it. And by tha way funny enough no one has mentiond this : Your stock price has to rise over 4.26 % to make a profit. That is anything after this percentage is what u take home. I am currently up over 30 % on Co-Op alone. So u can imagine the feeling. By the way ,what are your stock picks if you are serious ??? Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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qw25041985 wrote: But dnt even dare touch kenolkobil. With this price control act . This stock isnt attractive. @qw regulatory action should not scare you from a good investment. On the contrally you should be encouraged because the regulation is mean't to protect consumers. Regulation forces the businesses to up their game in provision of quality goods and services, instead of killing them. Belief it or not i bailed from SCB when it was trading at sh 48 because i believed the media and thought the Donde Act would kill banks! Had i known... BTW the Donde Act regulations are in place thats why banks don't charge ledger fees on savings accounts etc Case studies: Banks and insurance companies required to raise minimum capital & stricter shareholding requirements. Remember failed banks - Trust, Dolphin, Euro, Trade and insurances - invesco, united etc Stockbrokers required to publish accounts, raise capital requirements, stricter shareholding requirements. If this had happened earlier we would not have Nyaga et al Right now there are sweeping reforms being carried out in insurance companies. Life is short. Live passionately.
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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@web. Price control hav never been a good thing especially if it affects the core business of any company. It doesnt take rocket science to know that if the gov. Puts a limit on the price u can place on your goods your profits 'll be tampered with. With low profits then comes low dividends with low dividends then comes low portfolin growth. I think u know where i am headed. The same simple logic is applicable to kenolkobil. Price cöntrol has never been a good thing as it blocks growth. I'd rather u invest where you have certainity. As investors tend to flock to such stocks. NO TO KENOLKOBIL. Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@ Sparkly
Given your views on the regulations in the insurance sector, what is your take on Jubilee, Kenya Re, CIC (tarding over the counter)?
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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I'm really appreciating what you guys are putting up here. to be frank with you, i don't even have a cds acc yet, but planning to have one as soon as my next trip to town. for now, i take time(little) to learn and put myself in the know first before i make any moves. what i'm gathering is already overwhelming. i'm also digging through Bankeleles' archives to check n see what had passed by. Meanwhile, how do i choose a broker.(hope it doesn't hurt to give feedback, be easy on me.)
Life is joy, death is peace, but the transition is very difficult.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Webish, learning stock-trading is like learning swimming it's practical not theory. Unless you are ready to get wet you will never learn how to swim no matter how many ideas you get. Take your ID go open a CDS account and buy the KCB rights and watch as your portfolio loses half its value. If you are able to survive six months after watching half of money gone, you are ready for stock-taking. Otherwise you will never learn how to swim by watching people swim.
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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Ric dees wrote:@Webish..It's never too early to start however we have all different strategies why we do what we do. My advice always buy cheap value stocks, every so often when you can increase your shareholding, now this is where my advice differs, you are in UNI,go drink beer, chase girls but above all else read and read..Graduate get a good job and now you can enter the game. My strategy is long-term bought some blue-chips when i was in UNI(a while ago), half the time i know nothing bout them but every end of year i evaluate however am getting close to the magic number 10 years a few more years, then i will see...Good Luck Already chased em long enough. Good one though. ha.
Life is joy, death is peace, but the transition is very difficult.
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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@mkonomtupu. u are dead right, but hey, hata swimming people are normally told do this and that once you get into the water. and while in the water, then you can always make decisions as you go. what i'm saying i just need to know 1+1=2 first before i can multiply 1*1. I appreciate what you say though.
Life is joy, death is peace, but the transition is very difficult.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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sparky si u send that intelligent investor book bwana!kytotz at gmail dot com. please. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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..Webish... I forgot to add... Search on wazua our very own stocks makmendes kina Stocks Master and Young  I'd suggest you copy paste entire threads by these guys, edit, convert to PDF.. and PRESTO!!!! you have your own compiled guide to stock investing.. Include Muganda too... though not fully stock makmende..he is somewhere in the rank of stock-makme...! LoL  Muganda..i got much respect for u man. No harm implied.[b]  ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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ProverB, it is treasonous not to mention to Webish a colossus like VVS. This guy is the ultimate fundamentalist. Na umewacha wapi sparkly, guru267, sheep, mukiha, Gekko, cnn, 2012, Wa_ithaka, Njunge(although nowadays he thinks he's too old to frequently comment on stocks) the deal(yes, he who is obsessed with KQ  ) qw(our very own technical analyst) na wengine wote. Thank God for Wazua. GOD BLESS YOUR LIFE
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Wazua
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i'm still in university
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