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Advice
Nurse1
#1 Posted : Monday, August 09, 2010 7:58:24 PM
Rank: Hello


Joined: 8/9/2010
Posts: 4
Location: USA
Hi Wazua Members

I'm new on Wazua and I recently started buying stocks on NSE. I must say this is the best finacial forum I have read in ages. I have even made some money... which is always great thing. My question, is it too late to jump on the Equity bus? Any other stocks that are looking good for short-term? Your advice will be greatly appreciated.
guru267
#2 Posted : Monday, August 09, 2010 8:03:29 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Nurse1 wrote:
Hi Wazua Members

I'm new on Wazua and I recently started buying stocks on NSE. I must say this is the best finacial forum I have read in ages. I have even made some money... which is always great thing. My question, is it too late to jump on the Equity bus? Any other stocks that are looking good for short-term? Your advice will be greatly appreciated.

Eish man... Getting in to equity for short term gains now is what i define as gambling....
Mark 12:29
Deuteronomy 4:16
qw25041985
#3 Posted : Monday, August 09, 2010 8:05:01 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
Wait 4 equity to correct . 24.00 is my price after correction.
Your future depends on your dreams so go to sleep !
Nurse1
#4 Posted : Monday, August 09, 2010 8:06:58 PM
Rank: Hello


Joined: 8/9/2010
Posts: 4
Location: USA
@ Guru, thanks for the advice. I am female by the way. Any other stocks you can advice on???
2012
#5 Posted : Monday, August 09, 2010 8:08:48 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Treat it like the constitution; Jisomee, jiamulie, jinunulie.

Only you can decide whether it's worth buying at the current price and the future it holds. Remember what you're buying is future growth and earnings.

BBI will solve it
:)
sparkly
#6 Posted : Monday, August 09, 2010 10:08:15 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Nurse1 wrote:
@ Guru, thanks for the advice. I am female by the way. Any other stocks you can advice on???

@nurse how extensive is your stocks knowledge/experience? If you have just started, i would suggest that you come up with objectives first. Do you want to grow your wealth, park your savings, get income, speculate, short term or longterm? Next you come up with an investment plan and strategy on your entry and exit. Do that first then you can ask for advice coz buying stocks hapharzadly can crush you. I am male by the way.
Life is short. Live passionately.
Nurse1
#7 Posted : Monday, August 09, 2010 10:25:52 PM
Rank: Hello


Joined: 8/9/2010
Posts: 4
Location: USA
@Sparkly, I am learning the ropes. For longterm investment plans, I depend on the experts to manage my money. I'm kind of a beginner, I have no idea how to use charts as I'm mathemetically challenged! Right now I am looking for some shortterm stocks that I can put some spare change.
guru267
#8 Posted : Monday, August 09, 2010 11:19:51 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Nurse1 wrote:
I have no idea how to use charts as I'm mathemetically challenged! Right now I am looking for some shortterm stocks that I can put some spare change.

@nurse1 nice to see more of the fairer sex join the game...
But my advice to you is that if you're new to this don't try and play short term games otherwise you'll burn every cent of yours.... Even the pros rarely speculate so go long term...
Mark 12:29
Deuteronomy 4:16
guru267
#9 Posted : Monday, August 09, 2010 11:25:44 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@nurse1 its nice to have more of the fairer sex joining the game... But please don't dare go short term on anything since you have said your math is rusty...

I always advise those who are inexperienced to go long term because you can rarely go wrong
Mark 12:29
Deuteronomy 4:16
wanyina
#10 Posted : Tuesday, August 10, 2010 9:08:49 AM
Rank: Member


Joined: 4/1/2008
Posts: 141
@nurse the speculation at this stage as a beginner can be suicidal. Select the stocks u wonna invest for a while or with a long term strategy. Visit at this blog(wazua) learn by what your hear the opinions they help anyway.But later do your homework the company/companies u chose to pick even if you dont buy its advisable just to know..enquire how to read the(balance sheet),the graph.Form a habit of reading business columns from local newspapers.
sparkly
#11 Posted : Tuesday, August 10, 2010 9:09:24 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@nurse try Dollar cost averaging. Regularly invest a specific amount, on a monthly or quarterly basis. Go for a dominant company in a defensive industry (one that will always make money) think safcom, eabl, nmg, one of the big banks. You can set aside a small amount to try your luck in the smaller companies.
Life is short. Live passionately.
Gatheuzi
#12 Posted : Tuesday, August 10, 2010 9:49:41 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
wanyina wrote:
@nurse the speculation at this stage as a beginner can be suicidal. Select the stocks u wonna invest for a while or with a long term strategy. Visit at this blog(wazua) learn by what your hear the opinions they help anyway.But later do your homework the company/companies u chose to pick even if you dont buy its advisable just to know..enquire how to read the(balance sheet),the graph.Form a habit of reading business columns from local newspapers.


Wanyina, I noted in the fantasy market you are still sitting on cash. I guess you are waiting for the downturn.

@ Nurse1,
.. my point is: as you research and learn about the companies you want to invest in, you can try the fantasy game, where you invest virtual money, this can help you learn without making serious mistakes with real cash.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Govmusili
#13 Posted : Tuesday, August 10, 2010 9:53:30 AM
Rank: New-farer


Joined: 1/13/2010
Posts: 85
Location: Nairobi
equity is probably the best buy 4 longterm aside kplc kk is still abit risky, so 4 short term 4get equity
Ephy
#14 Posted : Tuesday, August 10, 2010 10:35:42 AM
Rank: Member


Joined: 9/18/2009
Posts: 19
@Nurse : How short is your short-term? 3months,6months..because to make a substantial amount of profit within a short-term period requires good skill,and understanding the markets BUT the opportunities are there. Select a few companies..preferably the cheap ones,trading at < 30Ksh..analyze them,prospectives in each..future news that may excite the market,fundamentals e.t.c..I bought 10,000 Coop Bank shares at 10KSh 4 months ago and i sold them recently at 16Ksh..So,it's possible
See what everyone has seen,but think what nobody has thought. Albert Szent-Gyorgyi
the sage
#15 Posted : Tuesday, August 10, 2010 11:06:59 AM
Rank: Member


Joined: 11/20/2008
Posts: 367
I'm jumping on the Equity bus because of 1 thing M-Kesho, can't wait for 3rd quarter results.
wanyina
#16 Posted : Wednesday, August 11, 2010 4:01:36 AM
Rank: Member


Joined: 4/1/2008
Posts: 141
@Gatheuzi you are right men,im right at the fence,as to jump in anytime as downturn falls..matter of fact im increasing Equity,Coop but watch on NBK.....i forgot i will put some change and add on Kenol ...this is time to invest.......
ProverB
#17 Posted : Wednesday, August 11, 2010 9:52:36 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
2012 wrote:
Treat it like the constitution; Jisomee, jiamulie, jinunulie.

Only you can decide whether it's worth buying at the current price and the future it holds. Remember what you're buying is future growth and earnings.

Applause Applause Applause Applause Applause Applause
..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
My 2 cents
#18 Posted : Wednesday, August 11, 2010 11:26:19 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,070
Nurse1 wrote:
@ Guru, thanks for the advice. I am female by the way. Any other stocks you can advice on???

What has gender got to do with it? Why did you have to specify it?
atiriri
#19 Posted : Wednesday, August 11, 2010 11:37:11 AM
Rank: Member


Joined: 12/7/2009
Posts: 320
Location: nairobi
and you? are you a male or female
Njung'e
#20 Posted : Wednesday, August 11, 2010 11:56:12 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Nurse,

Going forward,this market will ride on positive sentiments of the new constitution.This may not favour short term speculators but it's likely to make hundreds of millionaires in the medium to long term.....The only rider being how we behave during the implementation/election period overlooking 2012........As for picks,financials and industrials look really bright.....To give you a glimpse of what to expect,look at the market performance just before 2002 elections and the period thereafter up to MID 2006.
Nothing great was ever achieved without enthusiasm.
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