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What's the Worst mistake and/Best decision you have made in the NSE todate?
shauriyako
#1 Posted : Wednesday, July 28, 2010 7:56:03 PM
Rank: New-farer

Joined: 6/17/2010
Posts: 71
Location: Kenya
Guys as the action in the market cools off - so we can jichagulia Katiba - we can all learn from one another.

My Worst mistake in the market to date is after entering the market in mid 2004. I sold my Stanchart Shares and KCB shares a year later to buy my first car only for the shares to double in value two months later. Had I held I would have made my first Mili then.
my best decision is to hold on to ARM bought then at 16.5 today I am about 800% up over a six year period. This changed my perspective on a lot of things - long term the NSE is a gem - where else do you get that kind of return. Na bado sijafactor in the consistent dividends that have covered about 80% of my innitial cost outlay.

I believe everyone has a story - lets tell it here!
When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
2012
#2 Posted : Wednesday, July 28, 2010 8:05:33 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I think one of your worst is trying to bold the headlinesmile

BBI will solve it
:)
shauriyako
#3 Posted : Wednesday, July 28, 2010 8:14:56 PM
Rank: New-farer

Joined: 6/17/2010
Posts: 71
Location: Kenya
2012 wrote:
I think one of your worst is trying to bold the headlinesmile


Noted & fixed!
Whats Your?
When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
guru267
#4 Posted : Wednesday, July 28, 2010 8:31:01 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Buying kenya re in february at 13bob while jubilee was trading at 104bob...
Mark 12:29
Deuteronomy 4:16
sparkly
#5 Posted : Wednesday, July 28, 2010 8:39:33 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@shauri i don't see how selling shares to buy a car can be a worst mistake. In any case the number of people who have successfully timed the market is very small. I guess my worst was dealing with a broke broker, lost me some chums, about 20k which was lots of money for me then.
Life is short. Live passionately.
2012
#6 Posted : Wednesday, July 28, 2010 8:42:51 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My first buy Mumias @55 after asking 'the broker' and she told me "naona watu wakinunua Mumias hiyo ndiyo inashika sana saa hii" I haven't decided whether that was my biggest mistake or my best lesson.

BBI will solve it
:)
Jamani
#7 Posted : Wednesday, July 28, 2010 9:09:45 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
My worst was investing heavely in Unga at 22, now trading at 12, no dividends for about 5years.
obiero
#8 Posted : Wednesday, July 28, 2010 9:15:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
1000 kengen at KES31, iv had to buy 4 times over to average it down to KES18

KQ ABP 4.26
astute
#9 Posted : Wednesday, July 28, 2010 9:21:39 PM
Rank: Member

Joined: 3/24/2010
Posts: 101
Location: Nairobi
actually, my worst mistake was one time I placed a safaricom order without putting a price limit,..it was bought at 8 bob and then after 2 days it dropped to about 6.5...Thanx God to Cost averaging and long term focus, I have been able to bring this price to 4.80..
tkzee
#10 Posted : Wednesday, July 28, 2010 11:14:56 PM
Rank: Member

Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
2012 wrote:
My first buy Mumias @55 after asking 'the broker' and she told me "naona watu wakinunua Mumias hiyo ndiyo inashika sana saa hii" I haven't decided whether that was my biggest mistake or my best lesson.

@2012,that was a pick up line and a half.hata mimi i bought Msc IPO with ma little 10k from campus only to sell later @ 12.50 and start a fresh.
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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