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Finally sold my last holding in the NSE
Rank: Elder Joined: 7/23/2008 Posts: 3,017
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I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor. I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers. When the foreigners begin to troop back and I will consider returning. I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career. For those who are still in, I wish you the best. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Talk about the worst possible timing to sell. You should have sold during a bull market!
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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I know all about the bull and the cow. Anyway, yes there were few tears but I started profit taking way back in November. And the last sale was actually still double my purchase price. Trust me I got no regrets on the returns or the timing of the sales. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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@Obi, Congratulations on your exit.  I wish you a good rehabilitation from this opium. However, I presume that you have been a trader not an investor. I Think Therefore I Am
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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You mean you don't even own the odd lots?
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Rest in peace till we meet again here. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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U r officially a War Vet. Enjoy ur retirement.. 
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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Obi 1 Kanobi wrote:I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor.
I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers.
When the foreigners begin to troop back and I will consider returning.
I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career.
For those who are still in, I wish you the best. hmmm...have a rough idea. Pretty sure I'll sell you my shares when you're trooping back with the foreigners
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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For Sport wrote:Obi 1 Kanobi wrote:I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor.
I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers.
When the foreigners begin to troop back and I will consider returning.
I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career.
For those who are still in, I wish you the best. hmmm...have a rough idea. Pretty sure I'll sell you my shares when you're trooping back with the foreigners The thing is to know when to quit, and yes I will probably buy some of your shares some day. But the beauty with shares is not the purchase price but rather where you see the share being in n years. @Bwenyenye, I was an investor, not a trader and the thing is I feel the cash will work better elsewhere for the time being. Inflation @ 16%, high oil prices and expected reduced harvest to me means the market may remain depressed for awhile. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Veteran Joined: 12/3/2010 Posts: 1,141 Location: Londokwe
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Obi 1 Kanobi wrote:I finally sold off my last holdings in the NSE, for the first time in over 5 years I am not an investor.
I have made good returns over the period and cannot complain, however I feel that with the deepening of the investment markets through entry of bond trading, and the improved access to mortgage, the stock market will not be returning as much as it used to in terms of capital growth, however, it will certainly pay handsome dividends to the long termers.
When the foreigners begin to troop back and I will consider returning.
I am very nostalgic because I have made very substantial gains despite the fact that my portfolio is limited by my current career.
For those who are still in, I wish you the best. Lucky you , Im still waiting for my 200 shares in eveready bought at 9.5 during the IPO to double  .Then I can sell. Meanwhile I waiting to eat the Mbuzi dividend during the AGM 2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Correction, inflation figure is not at 16% as you say but slightly more than half of that, 9.19% as of this month! I strongly believe the inflation figure for the month of April will be slightly lower than this given some food items eg Sukuma wiki and cabbages will go down. Prices of maize flour etc will have to wait for another 3 or so months to come down assuming the rains hold.As for oil, i feel we still will be above $100 a barrel for a few more months. All the same, happy investing as you channel your funds elsewhere! @SufficientlyP
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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I also don't own any share. Out of need for money i sold all my stocks in January little did i know that a bear will pay us a visit. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Member Joined: 8/17/2010 Posts: 116
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It look likes now Bull market will start very soon.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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KIRTI wrote:It look likes now Bull market will start very soon. Max. pessimism point? He he...However,are we really in a bear market yet? Stocks have not fallen enough according to moi.....I could be wrong, ofcourse 
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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I don't mean to gloat, BUT WHO IS LAUGHING NOW . I had no idear it would be this bad, but my decision to quit the market now reads like the most inspired decision on this forum. I am currently looking to make a comeback and I feel like a kid in candy store, what to pick! However, not so soon, the bond market will soon scorch a few follow me investors (those who buy what nani bought) mostly pension schemes insurances and banks, the banks/insurances will then return to holding to maturity (for interest)while the pension scheme will sell and return to shares with higher EPS (mostly because of panic and knee jerk reaction). The reduced trading on bonds means people (speculators) will return to good old shares, then the bull will arise. when this happens, I don't know, but lets look to around year end when most banks/insurers start looking at the damage done by bond trading and the pension scheme trustees look to report reduced interest to members. Real estate will also let off steam when the nairobi transport is sorted, something that now looks like happening. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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Obi 1 Kanobi is truly a Jedi Master! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@Obi1 uliona mbali kama 'chiraffee' he he hee. This is so familiar... Last time the bear visited i made 40% on whole portifolio and i was defensive. This time i will up the stakes see if 80% is possible. Life is short. Live passionately.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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I cnt believe what i am seeing !!!!
Now i have even changed my target for safcom to sub 2.00
oh boy even kplc broke the rights price.
When i look at these prices am just drollin.
Oh btw am still accumulting access kenya .i lik the way its behaving itself in the current selloff. Target 16.00
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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QW25071985 wrote:I cnt believe what i am seeing !!!!
Now i have even changed my target for safcom to sub 2.00
oh boy even kplc broke the rights price.
When i look at these prices am just drollin.
Oh btw am still accumulting access kenya .i lik the way its behaving itself in the current selloff. Target 16.00 Ah, finally you show up. I thought that when it started raining boulders, you were accidently hit. Phew! We'll talk more on the forex thread.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Finally sold my last holding in the NSE
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