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Why investing in the NSE is fool's gold and a waste
Rank: Member Joined: 3/26/2012 Posts: 830
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mv_ufanisi wrote:S.Mutaga III wrote:Just because you tried investing and failed doesn't mean that it is a fool's errand. This post is written from your personal perspective and shouldn't be generalized. You are probably a bad investor but an outstanding manager/entrepreneur which explains why you failed in stocks but succeeded in business. Not everyone is like you and that is why there are many ways of investing so that everyone can find whatever works best for him or her. A successful NSE investor might make a post claiming that entrepreneurship is a fool's errand, or property investing is a fool's errand. You see, it boils down to what you know best and where you find your success. Some people claim buying a matatu is a fool's errand, but others have made a kill from the same business. I can't code, does it make computer programming a bad career/fool's errand??
Bottomline: Just because you did not succeed in something doesn't warrant you calling it a fool's errand. Others have made it in the same. I didn't fail at NSE stock picking; I just found a way that works much better at achieving my financial goals. Your current post above could have been written by a gambler on SportPesa to defend gambling. My thesis is that investing in the NSE is like planting your seed on less fertile soil because as it is, the NSE is fundamentally flawed. There are other more fertile soils out there for the person who is keen to outperform in the long term. I hope that the kind of person who is keen to outperform will check out these other options! This debate can go on forever. Every investment is a fool's errand if you aren't knowledgeable in it to get an edge. Not just NSE. The only investment/business that isn't a fool's errand is the one you are knowledgeable in. That knowledge is your edge. So, NSE is a fool's errand to YOU and many people, but not everyone. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Hello Joined: 12/26/2018 Posts: 2 Location: Nairobi
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XSK wrote:[quote=tom_boy]In Kenyan investing, it seems you can lose money no matter what you do
Keep it in the bank, and the bank shuts down ala Chase and Imperial
Keep it in a money market fund and you risk a 30% haircut courtesy of Nakumatt bond.
Go to NSE, crooks all over the place.
Try start a biz, kanju regulations, lazy dishonest employees etc etc
Invest offshore and Kenyan inflation will gobble up your 3-4% usd gains per annum while intermediaries feast on whats left.
Do real estate and have to deal with approvals systems that are just gravy trains for the powers that be.
Yenyewe, bora uhai. @tom_boy I share the highlighted pain. I never thought I would see this ever!
I have seen it courtesy of amana@XSK what is happening at AMANA Capital? 
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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mv_ufanisi wrote:
I didn't fail at NSE stock picking; I just found a way that works much better at achieving my financial goals.
Your current post above could have been written by a gambler on SportPesa to defend gambling.
My thesis is that investing in the NSE is like planting your seed on less fertile soil because as it is, the NSE is fundamentally flawed. There are other more fertile soils out there for the person who is keen to outperform in the long term.
I hope that the kind of person who is keen to outperform will check out these other options!
You are wasting your time, my broda. As I said Mutaga is very wise and you cannot persuade him otherwise. I remember the days when I invested in ICDC at 6 bob, sold at 12 bob in under a year and thought I was very smart. Mutaga is still in that phase. His whole portfolio is bleeding red as we speak but he still clings on because in his mind "the market provides the highest returns and everybody who sits out of it has failed at stock picking  "
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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MugundaMan wrote:mv_ufanisi wrote:
I didn't fail at NSE stock picking; I just found a way that works much better at achieving my financial goals.
Your current post above could have been written by a gambler on SportPesa to defend gambling.
My thesis is that investing in the NSE is like planting your seed on less fertile soil because as it is, the NSE is fundamentally flawed. There are other more fertile soils out there for the person who is keen to outperform in the long term.
I hope that the kind of person who is keen to outperform will check out these other options!
You are wasting your time, my broda. As I said Mutaga is very wise and you cannot persuade him otherwise. I remember the days when I invested in ICDC at 6 bob, sold at 12 bob in under a year and thought I was very smart. Mutaga is still in that phase. His whole portfolio is bleeding red as we speak but he still clings on because in his mind "the market provides the highest returns and everybody who sits out of it has failed at stock picking " Kenya power has risen from 3.15 to 4.20 in less than 2 weeks Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 2/27/2018 Posts: 59 Location: Cambrian Dc
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This thread has been most entertaining. Shukran to all the contributers. The disappointment with investing in the NSE comes from broad and vague targets like 'long term capital growth'. Just set specific and measurable targets; kama ni dividends set how much you expect, kama ni capital gains set the percentage you want. The NSE is a market kama gikomba don't get emotional or over optimistic. And take profits regularly,if they present themselves no need to wait for a major payday ndio ununue ndege, it's good for your health. I like the NSE because it offers great flexibility. You can enter and exit at a moments notice to meet unforseen circumstances or take advantage of other opportunities. Anyway :KILA MWAMBA NGOMA, NGOZI HUIVUTA KWAKE. If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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Estiko wrote:XSK wrote:[quote=tom_boy]In Kenyan investing, it seems you can lose money no matter what you do
Keep it in the bank, and the bank shuts down ala Chase and Imperial
Keep it in a money market fund and you risk a 30% haircut courtesy of Nakumatt bond.
Go to NSE, crooks all over the place.
Try start a biz, kanju regulations, lazy dishonest employees etc etc
Invest offshore and Kenyan inflation will gobble up your 3-4% usd gains per annum while intermediaries feast on whats left.
Do real estate and have to deal with approvals systems that are just gravy trains for the powers that be.
Yenyewe, bora uhai. @tom_boy I share the highlighted pain. I never thought I would see this ever!
I have seen it courtesy of amana@XSK what is happening at AMANA Capital? Part of the money market fund was invested in Nakumatt. If you invested before 2018 part of the investment is now locked (unavailable) for a year hopefully You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Member Joined: 3/26/2012 Posts: 830
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MugundaMan wrote:mv_ufanisi wrote:
I didn't fail at NSE stock picking; I just found a way that works much better at achieving my financial goals.
Your current post above could have been written by a gambler on SportPesa to defend gambling.
My thesis is that investing in the NSE is like planting your seed on less fertile soil because as it is, the NSE is fundamentally flawed. There are other more fertile soils out there for the person who is keen to outperform in the long term.
I hope that the kind of person who is keen to outperform will check out these other options!
You are wasting your time, my broda. As I said Mutaga is very wise and you cannot persuade him otherwise. I remember the days when I invested in ICDC at 6 bob, sold at 12 bob in under a year and thought I was very smart. Mutaga is still in that phase. His whole portfolio is bleeding red as we speak but he still clings on because in his mind "the market provides the highest returns and everybody who sits out of it has failed at stock picking " Do you know about anything in my portfolio? My picks are usually public knowledge here on wazua and I use a hypothetical figure of Ksh 1,000,000 to ease calculations. The last counter I was invested in was total kenya and I exited at a 56% net gain after 10 months. I haven't been in the market since April 2018. As I said, you have a know it all attitude and you even claim to know about my portfolio more than myself NSE is not for everyone. I didn't stick around for the bloodbath that most wazuans have experienced. I think there is enough blood on the streets for me to start buying now because some counters are on sale. Evidence here: http://www.wazua.co.ke/f...spx?g=posts&t=35514 A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,654
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Quote:The primary role of the capital market is allocation of ownership of the economy's capital stock. In general terms, the ideal is a market in which prices provide accurate signals for resource allocation: that is, a market in which firms can make production-investment decisions, and investors can choose among the securities that represents ownership of firm's activities under the assumption that security prices at any time "fully reflect" all available information Right now I don't think NSE prices fully reflect all available information. There is a lot of damage to SMEs/jua kali sector from the interest rate cap. That damage is yet to get baked in the prices. KE economy moves on 2 track system the formal and informal. GoK reliably tracks the formal economy which the foreign investors also rely on and who by and large control the market. That to me is the fundamental flaw. GoK has done a lot of wrong things to prolong the 'recession'in the informal economy. KE economy needs structural adjustment but that is unlikely to happen-status quo benefits and insulates a tiny portion of society(similar to white privilege during colonial KE). I agree there are more fertile soils out there to plant for the long term. Maybe a govt that is more in touch with the informal sector will emerge and unlock the value. But right now it's wise to stay away from NSE. By the time we are done with successions politics you will not like your portfolio.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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S.Mutaga III wrote:MugundaMan wrote:mv_ufanisi wrote:
I didn't fail at NSE stock picking; I just found a way that works much better at achieving my financial goals.
Your current post above could have been written by a gambler on SportPesa to defend gambling.
My thesis is that investing in the NSE is like planting your seed on less fertile soil because as it is, the NSE is fundamentally flawed. There are other more fertile soils out there for the person who is keen to outperform in the long term.
I hope that the kind of person who is keen to outperform will check out these other options!
You are wasting your time, my broda. As I said Mutaga is very wise and you cannot persuade him otherwise. I remember the days when I invested in ICDC at 6 bob, sold at 12 bob in under a year and thought I was very smart. Mutaga is still in that phase. His whole portfolio is bleeding red as we speak but he still clings on because in his mind "the market provides the highest returns and everybody who sits out of it has failed at stock picking " Do you know about anything in my portfolio? My picks are usually public knowledge here on wazua and I use a hypothetical figure of Ksh 1,000,000 to ease calculations. The last counter I was invested in was total kenya and I exited at a 56% net gain after 10 months. I haven't been in the market since April 2018. As I said, you have a know it all attitude and you even claim to know about my portfolio more than myself NSE is not for everyone. I didn't stick around for the bloodbath that most wazuans have experienced. I think there is enough blood on the streets for me to start buying now because some counters are on sale. Evidence here: http://www.wazua.co.ke/f...spx?g=posts&t=35514 Hindsight is always 20-20. Danganya wengine. If your stock picking record is as stellar as you claim you would have turned 10k into 100m and everybody would be mentioning you in the same breath as J Kibunga Kimash and others. Yet you are an unknown small time nobody not even listed in the top shareholdings of any company. As I said, danganya wengine!
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Rank: Member Joined: 3/26/2012 Posts: 830
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A stock is a piece of a business, not a piece of paper or numbers on a screen. That is the first and most important step in understanding the stock market. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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