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Stocks vs Buying a house - A tale of two kenyans
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The Great
#41 Posted : Thursday, July 14, 2016 10:08:27 PM
Rank: Member

Joined: 9/9/2015
Posts: 233
@Obiero u never left during the short spike in KQ? Insider tip? Do Share
"Buy when there's blood in the streets, even if the blood is your own."
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obiero
#42 Posted : Thursday, July 14, 2016 10:18:18 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
The Great wrote:
@Obiero u never left during the short spike in KQ? Insider tip? Do Share

Rhetorical question right there.. Of course I made it out with a shave of KES 250,000 to the negative. I have however averaged the loss down to a positive

KQ ABP 4.26
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Othelo
#43 Posted : Thursday, July 14, 2016 11:03:53 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
obiero wrote:
The Great wrote:
@Obiero u never left during the short spike in KQ? Insider tip? Do Share

Rhetorical question right there.. Of course I made it out with a shave of KES 250,000 to the negative. I have however averaged the loss down to a positive

How now?
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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maka
#44 Posted : Friday, July 15, 2016 12:51:40 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
One day il write an interesting bond story...let me work on it first.
possunt quia posse videntur
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Othelo
#45 Posted : Friday, July 15, 2016 6:26:38 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
maka wrote:
One day il write an interesting bond story...let me work on it first.

@maka enlighten us, don't eat alone. Start a thread on this, what to do to make some monies!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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  | | Edit by user: Friday, July 15, 2016 6:28 AM | Reason: Not specified
Horton
#46 Posted : Friday, July 15, 2016 8:36:31 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
This story is too skewed to favour stocks
1. It assumes an extremely modest growth of 6.5% pa in the price of the apartment.
2. Shows that the apartment is currently yielding only 3% which part of nairobi is yielding this low?


As an example, a property I bought 4 years ago on mortgage from stanchart. Mortgage is at 10.9%, the property has doubled in value and it is now fetching an 11% yield. Therefore rent adequately covers mortgage. And you cant beat double value in 4 years.
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  | | Edit by user: Friday, July 15, 2016 8:39 AM | Reason: Not specified
MaichBlack
#47 Posted : Friday, July 15, 2016 10:57:40 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,833
Othelo wrote:
maka wrote:
One day il write an interesting bond story...let me work on it first.

@maka enlighten us, don't eat alone. Start a thread on this, what to do to make some monies!!!

Maybe he was eaten...

#Transcentury
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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VituVingiSana
#48 Posted : Friday, July 15, 2016 11:05:49 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
obiero wrote:
The Great wrote:
@Obiero u never left during the short spike in KQ? Insider tip? Do Share

Rhetorical question right there.. Of course I made it out with a shave of KES 250,000 to the negative. I have however averaged the loss down to a positive


Liar Liar Liar I averaged the loss down to a positive d'oh! d'oh! d'oh!
How now?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#49 Posted : Friday, July 15, 2016 11:20:32 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
The Great wrote:
@Obiero u never left during the short spike in KQ? Insider tip? Do Share

Rhetorical question right there.. Of course I made it out with a shave of KES 250,000 to the negative. I have however averaged the loss down to a positive


Liar Liar Liar I averaged the loss down to a positive d'oh! d'oh! d'oh!
How now?

Diluted my average buying price by mass purchase at lower price than initial sale figure

KQ ABP 4.26
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Othelo
#50 Posted : Friday, July 15, 2016 11:47:17 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
obiero wrote:
VituVingiSana wrote:
obiero wrote:
The Great wrote:
@Obiero u never left during the short spike in KQ? Insider tip? Do Share

Rhetorical question right there.. Of course I made it out with a shave of KES 250,000 to the negative. I have however averaged the loss down to a positive


Liar Liar Liar I averaged the loss down to a positive d'oh! d'oh! d'oh!
How now?

Diluted my average buying price by mass purchase at lower price than initial sale figure

d'oh! d'oh! d'oh! Liar Liar Shame on you Shame on you Laughing out loudly Laughing out loudly
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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