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Why investing in the NSE is fool's gold and a waste

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Spikes		#191 Posted : Wednesday, September 11, 2019 10:58:42 PM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		MugundaMan wrote: Spikes wrote: @MugundaMan What you don't know nor understand, there are handful of experts who can do it with excellence to your astonishment. Your skills are limited to incremental attitude happening in real estate forgetting the new dispensation of exponential mindset using digital systems . Sit tight and clap for me. I am about to explode to a dollar billionaire. 104 emojis una bidii MM John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Spikes		#192 Posted : Wednesday, September 11, 2019 11:04:58 PM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		cyruskulei wrote: sparkly wrote: MugundaMan wrote: [quote=sparkly][quote=MugundaMan] After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious 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 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? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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VituVingiSana		#193 Posted : Tuesday, September 24, 2019 6:40:33 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Spikes wrote: cyruskulei wrote: sparkly wrote: MugundaMan wrote: [quote=sparkly][quote=MugundaMan] After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious 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 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? Lies, damned lies, and statistics https://en.wikipedia.org...ned_lies,_and_statistics Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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MugundaMan		#194 Posted : Tuesday, September 24, 2019 7:03:11 PM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		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!!
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VituVingiSana		#195 Posted : Tuesday, September 24, 2019 7:43:51 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		How to Lie with Statistics https://en.wikipedia.org...w_to_Lie_with_Statistics Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#196 Posted : Tuesday, September 24, 2019 7:51:52 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		MugundaMan wrote: 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. Greedy when others are fearful. Very fearful when others are greedy* - *to paraphrase Warren Buffett*
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VituVingiSana		#197 Posted : Tuesday, September 24, 2019 8:08:32 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		The "positive" about investing in shares is that there is no pressure to invest more in the same shares/firm. Property - Say one buys a plot. It produces little/zero income but requires some cash outflow. We can either wait for capital gains or develop it. Wait for Capital Gains? Pay for a wall, askari, rates, etc. Develop it? Time, money, contracts, contractors, county government, etc [Not everyone is cut out for this. Not me anyway] Except for a Rights Issue, shares don't require reinvestment.Plus you can choose not to buy into a Rights Issue. If you buy 100 shares in a firm, there's nothing else you need to do. Investing in shares/bonds need not be a full time job. A typical rental property requires some maintenance. If one has a large enough portfolio, it can become a full time job. Some enjoy this sort of thing. Of course, one can buy duds in both cases. Shares in ARM, NBV, KQ, Mumias, etc Land - despite due diligence - on a road reserve or riparian land. Or simply a fake title. Or one that is disputed. It happens. Property (developed) - If bought from the other MM. Poor jamaa - on some other thread - who got stuck with a piece of crap bought from iTrade. MOST IMPORTANT to me - Peace of Mind. The rest (money, returns) is irrelevant if I can't have peace of mind. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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MugundaMan		#198 Posted : Wednesday, September 25, 2019 11:25:00 AM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		VituVingiSana wrote: 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 *4080 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
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tom_boy		#199 Posted : Thursday, September 26, 2019 2:09:26 PM
Rank: Member Joined: 2/20/2007 Posts: 767		In my investment philosophy, one should approach investing in shares the same way you approac investing in land - do due diligence. Invest in companies you are willing to hold for next 10yrs. - Once you buy, forget about it. Who here upon buying land goes back to enquire on the cost of land in that area every week/ month or even year. - Ignore what the price is doing. Who here would buy a piece of land and then upon hearing that their neighbour has sold his plot of similar size at 50% less than you bought it would spend sleepless nights and rush to sell theirs ati cause land price is coming down. - of course shares trump land on liquidity, ease of purchase, cashflow and ability to diversify. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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MugundaMan		#200 Posted : Thursday, September 26, 2019 3:06:34 PM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		tom_boy wrote: In my investment philosophy, one should approach investing in shares the same way you approac investing in land - do due diligence. Invest in companies you are willing to hold for next 10yrs. - Once you buy, forget about it. Who here upon buying land goes back to enquire on the cost of land in that area every week/ month or even year. - Ignore what the price is doing. Who here would buy a piece of land and then upon hearing that their neighbour has sold his plot of similar size at 50% less than you bought it would spend sleepless nights and rush to sell theirs ati cause land price is coming down. - of course shares trump land on liquidity, ease of purchase, cashflow and ability to diversify. 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.
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