MugundaMan wrote:
You are behind times my braddah. I cashed out my ENTIRE gambles in the casino kitaaaaambo. And in any case my entire nse holdings were a negligible component of my net assets. Get out of the casino and invest in DC before nse shaves you PROPER into the poor house my braddahs! You will be waiting for a rebound like Godot, 10 years down the line you will still be waiting. Corruption scams have really put majority of Kenyans off trust in the nse. Foreigners too.
My fren, sadly in Kenya, there is no escape from the wicked. I have a friend whose is fighting to get "fake" titles/allocation, on his properties, nullified.
Then we have those properties bought in good faith but may be on riparian land.
Or despite due diligence are on road reserves or government land due to fake titles or other shenanigans.
That said, I am in real estate through proxy just not in DC. Centum. Kenya Re.
To each his own. I want to stay in and increase my stake in firms with good management. Not all will pan out but the weakness of one may be adequately covered by another.
I wish you the best.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett