@MugundaMan I would like to meet and teach you 101 on how to trade successfully? Will you pay me decently? Will the amount,if any, you will purport to pay me be from the real estate mullah?

Quite risky i'd say.....

https://www.bbc.co.uk/newsround/25622442

Thankfully we have competent economists at KNBS rather than peni mbili bar room reasoning from online characters like Sparkles ati because mama boi's mandazi business is closing down, real estate in the entire Kenya is DOOMED forever


If mama Mandazi is closing down, then its the trickle down effects of low buy and spending power. No one will be spared by that unless you are a straight "stealer".

Every sector of the economy is interlinked

Economy DOOMSAYERS will really love this article:

https://www.nation.co.ke...38502-gb8mty/index.html

A few questions to Okoth (the article writer)

1. Who says a few job losses in a handful of big visible companies translates to a declining economy overall? Last time I checked the Kenyan economy is a vast behemoth spanning a multifaceted number of sectors, each of which has thousands if not hundreds of thousands of businesses, companies, sole proprietorships etc etc Isitoshe it has the largest informal sector in all of Africa, which also happens to be the overwhelming portion of the economy. One or two companies have a NEGLIGIBLE impact on overall GDP unless they are Safaricom or EABL: and we know how those companies are doing. Safaricom alone is near 50% capitalization of the entire casino (NSE). This year it declared its LARGEST profits ever. That should tell you something.

2. Who says cutting jobs means an economic decline in a particular industry? If Sparkles for example is running his mandazi kiosk business in Kayole, and decides to fire two of his five casuals in order to boost his bottom line and make bigger profits, how is that an indicator of an economic decline in Sparkles' mandazi business fortunes? Restructuring, downsizing and re-hiring are a NORMAL AND ORDINARY course of life for all businesses.

This is the problem of a sirikali saidia, government owes me a job society. INstead of creating their own jobs as the government creates a requisite enabling environment, the society wants to sit jobless at home crying in self pity every day and marveling at how they are jobless in an economy growing steadily at 5%+ annually.

Who said economists at KNBS are competent? Because you saw the so called statisticians from KNBS headquarters wearing yellow reflectors on a live TV interview during the recently concluded census you vaguely and arbitrary draw the bottom line they are competent? Which metrics did you use to measure their works?

VVS

1. First wakina S Mutaga IX Esq Phd EBS and our very own Sparkles told us early this year with cybervoice ya daboo tu sana hapa that "SHUT UP! kaa kando you ignoramuses, you do not have the acumen to make money in NSE, it is going straight UP!!.

2. As things got progressively worse for the casino after a couple of months Mutaga fled to Ruhengeri Rwanda to cool his heels and lick his wounds at the SHAVING he had received. Sparkly, with his usual kimpelepele remained defiant as he clung to his crumbling HAFR shares. He is a very stubborn and determined chap..I will give him that. He deserves points for it too.

3. As things got even more elephant, S Mutaga stopped posting on wazoo COMPLETELY! His bark was reduced to a sorry whimper. Reality started hitting stubborn Sparkles pole pole as things went South. All of a sudden he became VERY ANGRY when responding to posts. But he was still combative. Insisting with a straight face that "NSE will BOOM, give it a few months!!"

4. Wapi? When VVS started seeing things are elephant, all his admirers started gainsaying their own judgment and his. NSE huyoooo kept tanking like a stone. Even those who said the dip was a "solid buying opportunity" started to think twice when they bought in low and it only went lower.

5. Fast forward to today. THE SHAVING IS REAL. We warned ya but hamugusigia kapsa kapsa kapsaaaa. Now the once mighty and respected master stock picker VVS has been reduced to wailing that "KNBS na CBK ni bandia!" while Sparkles angrily grunts with a LOT of bitterness from between his gnashing teeth; "How I lose my money on NSE si kazi ya mamago!"

My ribs!!

I am invested in real estate just not directly. I have no interest in dealing directly with tenants, etc. I pay Centum's Management/CEO a heavy fee to do so for me

I am quite comfy in my holdings despite some setbacks. Show me someone who has not had one and I will show you a liar.

No idea where you got the idea that I said CBK is bandia though I have said it plays favorites eg NBK was allowed to stay in business despite 3-4 years of not meeting its ratios.

KNBS - I just wanted to point out that all might not be what you interpret it to be. The GDP growth of 5% as claimed may be true but it includes loan funded growth while kicking the can down the road.
It's like the jamaa who buys a V8 using a loan. I prefer buying a probox without a loan.
Or the guy who lives in Lavington and borrows from Peter and Paul.
*BTW, I know a jamaa/friend like that. I have stopped taking his calls when all they became about asking for a "small" loan. Once bitten, twice shy.

Plus given my timeframe and choices in the NSE, I am not overly bothered. I expect some losses but not stressed about the future of the firms I am invested in.

VVS,

Investing "indirectly" through the casino and saying you are in real estate is like me investing "indirectly" in Mumias and saying I am in real estate because Mumias owns land and property in Western. But you forgot the small matter of the corrupt and mismanaged company's balance sheet between you and the real estate. If you wake up to news of a HACO or Uchumi type cooking the books scandal at Centum, you will find out fast you own a big fat nothing in Vipingo Ridge indirectly .

Nunua ploti, maisonettes, apartments, farms na kadhalika before it is too late my braddah. Time is running OUT for you!In ten years time a 40*80 squalid plot in Joska will cost 20m and a simple Maisonette in DC will cost 100m. You would have to go to Arusha and tango with Magufuli to get something affordable at that point. And the casino (NSE) will be at close to zero. You have been warned

This is good advice that would work in a normal, civilised country where the rule of law applies and big thieves have filled the jails. But this Ghenya my mbraddah. You cannot think and act in an orderly way when you are deep in a lake of chaos.