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Why investing in the NSE is fool's gold and a waste
MugundaMan
#181 Posted : Wednesday, September 11, 2019 8:50:43 AM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)
sparkly wrote:
MugundaMan wrote:


After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Laughing out loudly Laughing out loudly Laughing out loudly


Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious


Laughing out loudly

Thankfully we have competent economists at KNBS rather than peni mbili bar room reasoning from online characters like Sparkles ati because mama boi's mandazi business is closing down, real estate in the entire Kenya is DOOMED forever Laughing out loudly




**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
Spikes
#182 Posted : Wednesday, September 11, 2019 10:01:13 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,711
Location: Mombasa
MugundaMan wrote:
Again, when unable to respond cogently to the issues raised by MM about your voodoo science, 1) respond with garbage sideshows of zero substance, or 2) ATTACK his person or better yet, 3) Seek to get him BANNED from Wazoo.

My ribs! Laughing out loudly Laughing out loudly Laughing out loudly

Spikes and rwitre have still not told us why, If Bitcoin is such a "profitable" enterprise with crazy high returns.

1. How come there are no known bitcoin multimillionaires/billionaires in Kenya?

- The ones on the NSE are all known
- The ones in real estate are all known

You would assume if Bitfrauders are making 1000% returns per annum, they could start with 100k and become billionaires through compounding in a few years right? Waaaapi? Some of these chaps do not even own a decent mkebe of a car let alone any delusional bitcoin "profits" Laughing out loudly

Could it be because Spikes and Rwitre are bleeding red daily in their bitfraud portfolios and the only place where their phantom profits are taking place is in their minds? Laughing out loudly


@MugundaMan I would like to meet and teach you 101 on how to trade successfully? Will you pay me decently? Will the amount,if any, you will purport to pay me be from the real estate mullah?
Laughing out loudly Laughing out loudly Laughing out loudly
Laughing out loudly Laughing out loudly Laughing out loudly
Laughing out loudly Laughing out loudly Laughing out loudly
John 5:17But Jesus replied, “My Father is always working, and so am I.”
Spikes
#183 Posted : Wednesday, September 11, 2019 10:14:26 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,711
Location: Mombasa
@MugundaMan What you don't know nor understand, there are handful of experts who can do it with excellence to your astonishment. Your skills are limited to incremental attitude happening in real estate forgetting the new dispensation of exponential mindset using digital systems .
Sit tight and clap for me. I am about to explode to a dollar billionaire.
Applause Applause Applause
John 5:17But Jesus replied, “My Father is always working, and so am I.”
hardwood
#184 Posted : Wednesday, September 11, 2019 10:27:16 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,553
Location: Rodi Kopany, Homa Bay
Quite risky i'd say.....

https://www.bbc.co.uk/newsround/25622442

Quote:
Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer.

It is possible to lose your Bitcoin wallet or delete your Bitcoins and lose them forever. There have also been thefts from websites that let you store your Bitcoins remotely.

The value of Bitcoins has gone up and down over the years since it was created in 2009 and some people don't think it's safe to turn your 'real' money into Bitcoins.
sparkly
#185 Posted : Wednesday, September 11, 2019 11:03:48 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,490
Location: Enk are Nyirobi
MugundaMan wrote:
sparkly wrote:
MugundaMan wrote:


After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Laughing out loudly Laughing out loudly Laughing out loudly


Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious


Laughing out loudly

Thankfully we have competent economists at KNBS rather than peni mbili bar room reasoning from online characters like Sparkles ati because mama boi's mandazi business is closing down, real estate in the entire Kenya is DOOMED forever Laughing out loudly



Your assignment today is to check for the meaning of these words:

1. Decorum;
2. Civility;
3. Etiquette
4. Courtesy.

Good luck
Life is short. Live passionately.
cyruskulei
#186 Posted : Wednesday, September 11, 2019 1:04:14 PM
Rank: Member


Joined: 3/9/2010
Posts: 206
Location: kenya
sparkly wrote:
MugundaMan wrote:
[quote=sparkly][quote=MugundaMan]

After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Laughing out loudly Laughing out loudly Laughing out loudly


Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious


Laughing out loudly

Thankfully we have competent economists at KNBS rather than peni mbili bar room reasoning from online characters like Sparkles ati because mama boi's mandazi business is closing down, real estate in the entire Kenya is DOOMED forever Laughing out loudly


If mama Mandazi is closing down, then its the trickle down effects of low buy and spending power. No one will be spared by that unless you are a straight "stealer".

Every sector of the economy is interlinked
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

sparkly
#187 Posted : Wednesday, September 11, 2019 1:38:52 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,490
Location: Enk are Nyirobi
cyruskulei wrote:
sparkly wrote:
MugundaMan wrote:
[quote=sparkly][quote=MugundaMan]

After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Laughing out loudly Laughing out loudly Laughing out loudly


Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious


Laughing out loudly

Thankfully we have competent economists at KNBS rather than peni mbili bar room reasoning from online characters like Sparkles ati because mama boi's mandazi business is closing down, real estate in the entire Kenya is DOOMED forever Laughing out loudly


If mama Mandazi is closing down, then its the trickle down effects of low buy and spending power. No one will be spared by that unless you are a straight "stealer".

Every sector of the economy is interlinked


Good luck trying to convince @MM that if people are having problems buying basic consumables in their households, they cannot possibly have money for big ticket items like land and housing.
Life is short. Live passionately.
MugundaMan
#188 Posted : Wednesday, September 11, 2019 2:00:46 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)
Spikes wrote:
@MugundaMan What you don't know nor understand, there are handful of experts who can do it with excellence to your astonishment. Your skills are limited to incremental attitude happening in real estate forgetting the new dispensation of exponential mindset using digital systems .
Sit tight and clap for me. I am about to explode to a dollar billionaire.

Applause Applause Applause


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
MugundaMan
#189 Posted : Wednesday, September 11, 2019 2:06:10 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)
cyruskulei wrote:


If mama Mandazi is closing down, then its the trickle down effects of low buy and spending power. No one will be spared by that unless you are a straight "stealer".

Every sector of the economy is interlinked


This is pure economic illiteracy my burodah.
Here is a simple task for you to do.
Go back and dust off that Economics 101 book you have not opened in 30+ years.
Find out what a GDP growth rate is, and the components thereof.
Then find out WHY Kenya's GDP growth rate has been at a world beating 5% plus average more or less for the past 17 years (other than election dips).
My friend, these things are not mchuzi or fombe that you swill down fuaaa in bars and restaurants.
Economy si mandazi!
Polojo and peni mbili mentalities ati I saw a kiosk collapse yesterday so economy is doomed simply will not cut the mustard my dear mubraddah :)

**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
MugundaMan
#190 Posted : Wednesday, September 11, 2019 2:35:29 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)
Economy DOOMSAYERS will really love this article: Laughing out loudly

https://www.nation.co.ke...38502-gb8mty/index.html

A few questions to Okoth (the article writer)

1. Who says a few job losses in a handful of big visible companies translates to a declining economy overall? Last time I checked the Kenyan economy is a vast behemoth spanning a multifaceted number of sectors, each of which has thousands if not hundreds of thousands of businesses, companies, sole proprietorships etc etc Isitoshe it has the largest informal sector in all of Africa, which also happens to be the overwhelming portion of the economy. One or two companies have a NEGLIGIBLE impact on overall GDP unless they are Safaricom or EABL: and we know how those companies are doing. Safaricom alone is near 50% capitalization of the entire casino (NSE). This year it declared its LARGEST profits ever. That should tell you something.

2. Who says cutting jobs means an economic decline in a particular industry? If Sparkles for example is running his mandazi kiosk business in Kayole, and decides to fire two of his five casuals in order to boost his bottom line and make bigger profits, how is that an indicator of an economic decline in Sparkles' mandazi business fortunes? Restructuring, downsizing and re-hiring are a NORMAL AND ORDINARY course of life for all businesses.

This is the problem of a sirikali saidia, government owes me a job society. INstead of creating their own jobs as the government creates a requisite enabling environment, the society wants to sit jobless at home crying in self pity every day and marveling at how they are jobless in an economy growing steadily at 5%+ annually.
**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
Spikes
#191 Posted : Wednesday, September 11, 2019 10:58:42 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,711
Location: Mombasa
MugundaMan wrote:
Spikes wrote:
@MugundaMan What you don't know nor understand, there are handful of experts who can do it with excellence to your astonishment. Your skills are limited to incremental attitude happening in real estate forgetting the new dispensation of exponential mindset using digital systems .
Sit tight and clap for me. I am about to explode to a dollar billionaire.

Applause Applause Applause


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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104 emojis
una bidii MM
John 5:17But Jesus replied, “My Father is always working, and so am I.”
Spikes
#192 Posted : Wednesday, September 11, 2019 11:04:58 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,711
Location: Mombasa
cyruskulei wrote:
sparkly wrote:
MugundaMan wrote:
[quote=sparkly][quote=MugundaMan]

After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Laughing out loudly Laughing out loudly Laughing out loudly


Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious


Laughing out loudly

Thankfully we have competent economists at KNBS rather than peni mbili bar room reasoning from online characters like Sparkles ati because mama boi's mandazi business is closing down, real estate in the entire Kenya is DOOMED forever Laughing out loudly


If mama Mandazi is closing down, then its the trickle down effects of low buy and spending power. No one will be spared by that unless you are a straight "stealer".

Every sector of the economy is interlinked


Who said economists at KNBS are competent? Because you saw the so called statisticians from KNBS headquarters wearing yellow reflectors on a live TV interview during the recently concluded census you vaguely and arbitrary draw the bottom line they are competent? Which metrics did you use to measure their works?
John 5:17But Jesus replied, “My Father is always working, and so am I.”
VituVingiSana
#193 Posted : Tuesday, September 24, 2019 6:40:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,637
Location: Nairobi
Spikes wrote:
cyruskulei wrote:
sparkly wrote:
MugundaMan wrote:
[quote=sparkly][quote=MugundaMan]

After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Laughing out loudly Laughing out loudly Laughing out loudly


Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa serious


Laughing out loudly

Thankfully we have competent economists at KNBS rather than peni mbili bar room reasoning from online characters like Sparkles ati because mama boi's mandazi business is closing down, real estate in the entire Kenya is DOOMED forever Laughing out loudly


If mama Mandazi is closing down, then its the trickle down effects of low buy and spending power. No one will be spared by that unless you are a straight "stealer".

Every sector of the economy is interlinked


Who said economists at KNBS are competent? Because you saw the so called statisticians from KNBS headquarters wearing yellow reflectors on a live TV interview during the recently concluded census you vaguely and arbitrary draw the bottom line they are competent? Which metrics did you use to measure their works?
d'oh!
Lies, damned lies, and statistics https://en.wikipedia.org...ned_lies,_and_statistics
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
MugundaMan
#194 Posted : Tuesday, September 24, 2019 7:03:11 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)
Laughing out loudly Laughing out loudly Laughing out loudly

VVS

1. First wakina S Mutaga IX Esq Phd EBS and our very own Sparkles told us early this year with cybervoice ya daboo tu sana hapa that "SHUT UP! kaa kando you ignoramuses, you do not have the acumen to make money in NSE, it is going straight UP!!.

2. As things got progressively worse for the casino after a couple of months Mutaga fled to Ruhengeri Rwanda to cool his heels and lick his wounds at the SHAVING he had received. Sparkly, with his usual kimpelepele remained defiant as he clung to his crumbling HAFR shares. He is a very stubborn and determined chap..I will give him that. He deserves points for it too.

3. As things got even more elephant, S Mutaga stopped posting on wazoo COMPLETELY! His bark was reduced to a sorry whimper. Reality started hitting stubborn Sparkles pole pole as things went South. All of a sudden he became VERY ANGRY when responding to posts. But he was still combative. Insisting with a straight face that "NSE will BOOM, give it a few months!!"

4. Wapi? When VVS started seeing things are elephant, all his admirers started gainsaying their own judgment and his. NSE huyoooo kept tanking like a stone. Even those who said the dip was a "solid buying opportunity" started to think twice when they bought in low and it only went lower.

5. Fast forward to today. THE SHAVING IS REAL. We warned ya but hamugusigia kapsa kapsa kapsaaaa. Now the once mighty and respected master stock picker VVS has been reduced to wailing that "KNBS na CBK ni bandia!" while Sparkles angrily grunts with a LOT of bitterness from between his gnashing teeth; "How I lose my money on NSE si kazi ya mamago!"

My ribs!!


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
VituVingiSana
#195 Posted : Tuesday, September 24, 2019 7:43:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,637
Location: Nairobi
How to Lie with Statistics
https://en.wikipedia.org...w_to_Lie_with_Statistics
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#196 Posted : Tuesday, September 24, 2019 7:51:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,637
Location: Nairobi
MugundaMan wrote:
Laughing out loudly Laughing out loudly Laughing out loudly

VVS

1. First wakina S Mutaga IX Esq Phd EBS and our very own Sparkles told us early this year with cybervoice ya daboo tu sana hapa that "SHUT UP! kaa kando you ignoramuses, you do not have the acumen to make money in NSE, it is going straight UP!!.

2. As things got progressively worse for the casino after a couple of months Mutaga fled to Ruhengeri Rwanda to cool his heels and lick his wounds at the SHAVING he had received. Sparkly, with his usual kimpelepele remained defiant as he clung to his crumbling HAFR shares. He is a very stubborn and determined chap..I will give him that. He deserves points for it too.

3. As things got even more elephant, S Mutaga stopped posting on wazoo COMPLETELY! His bark was reduced to a sorry whimper. Reality started hitting stubborn Sparkles pole pole as things went South. All of a sudden he became VERY ANGRY when responding to posts. But he was still combative. Insisting with a straight face that "NSE will BOOM, give it a few months!!"

4. Wapi? When VVS started seeing things are elephant, all his admirers started gainsaying their own judgment and his. NSE huyoooo kept tanking like a stone. Even those who said the dip was a "solid buying opportunity" started to think twice when they bought in low and it only went lower.

5. Fast forward to today. THE SHAVING IS REAL. We warned ya but hamugusigia kapsa kapsa kapsaaaa. Now the once mighty and respected master stock picker VVS has been reduced to wailing that "KNBS na CBK ni bandia!" while Sparkles angrily grunts with a LOT of bitterness from between his gnashing teeth; "How I lose my money on NSE si kazi ya mamago!"

My ribs!!


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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Laughing out loudly Laughing out loudly Laughing out loudly I am invested in real estate just not directly. I have no interest in dealing directly with tenants, etc. I pay Centum's Management/CEO a heavy fee to do so for me smile

I am quite comfy in my holdings despite some setbacks. Show me someone who has not had one and I will show you a liar.

No idea where you got the idea that I said CBK is bandia though I have said it plays favorites eg NBK was allowed to stay in business despite 3-4 years of not meeting its ratios.

KNBS - I just wanted to point out that all might not be what you interpret it to be. The GDP growth of 5% as claimed may be true but it includes loan funded growth while kicking the can down the road.
It's like the jamaa who buys a V8 using a loan. Shame on you I prefer buying a probox without a loan.
Or the guy who lives in Lavington and borrows from Peter and Paul.
*BTW, I know a jamaa/friend like that. I have stopped taking his calls when all they became about asking for a "small" loan. Once bitten, twice shy.

Plus given my timeframe and choices in the NSE, I am not overly bothered. I expect some losses but not stressed about the future of the firms I am invested in.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#197 Posted : Tuesday, September 24, 2019 8:08:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,637
Location: Nairobi
The "positive" about investing in shares is that there is no pressure to invest more in the same shares/firm.

Property - Say one buys a plot. It produces little/zero income but requires some cash outflow. We can either wait for capital gains or develop it.

Wait for Capital Gains? Pay for a wall, askari, rates, etc.
Develop it? Time, money, contracts, contractors, county government, etc [Not everyone is cut out for this. Not me anyway]

Except for a Rights Issue, shares don't require reinvestment.Plus you can choose not to buy into a Rights Issue. If you buy 100 shares in a firm, there's nothing else you need to do. Investing in shares/bonds need not be a full time job.
A typical rental property requires some maintenance. If one has a large enough portfolio, it can become a full time job. Some enjoy this sort of thing.

Of course, one can buy duds in both cases.
Shares in ARM, NBV, KQ, Mumias, etc
Land - despite due diligence - on a road reserve or riparian land. Or simply a fake title. Or one that is disputed. It happens.
Property (developed) - If bought from the other MM. Poor jamaa - on some other thread - who got stuck with a piece of crap bought from iTrade.

MOST IMPORTANT to me - Peace of Mind. The rest (money, returns) is irrelevant if I can't have peace of mind.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
MugundaMan
#198 Posted : Wednesday, September 25, 2019 11:25:00 AM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)
VituVingiSana wrote:
Laughing out loudly Laughing out loudly Laughing out loudly I am invested in real estate just not directly. I have no interest in dealing directly with tenants, etc. I pay Centum's Management/CEO a heavy fee to do so for me smile

I am quite comfy in my holdings despite some setbacks. Show me someone who has not had one and I will show you a liar.

No idea where you got the idea that I said CBK is bandia though I have said it plays favorites eg NBK was allowed to stay in business despite 3-4 years of not meeting its ratios.

KNBS - I just wanted to point out that all might not be what you interpret it to be. The GDP growth of 5% as claimed may be true but it includes loan funded growth while kicking the can down the road.
It's like the jamaa who buys a V8 using a loan. Shame on you I prefer buying a probox without a loan.
Or the guy who lives in Lavington and borrows from Peter and Paul.
*BTW, I know a jamaa/friend like that. I have stopped taking his calls when all they became about asking for a "small" loan. Once bitten, twice shy.

Plus given my timeframe and choices in the NSE, I am not overly bothered. I expect some losses but not stressed about the future of the firms I am invested in.



VVS,

Investing "indirectly" through the casino and saying you are in real estate is like me investing "indirectly" in Mumias and saying I am in real estate because Mumias owns land and property in Western. But you forgot the small matter of the corrupt and mismanaged company's balance sheet between you and the real estate. If you wake up to news of a HACO or Uchumi type cooking the books scandal at Centum, you will find out fast you own a big fat nothing in Vipingo Ridge indirectlyLaughing out loudly .

Nunua ploti, maisonettes, apartments, farms na kadhalika before it is too late my braddah. Time is running OUT for you!In ten years time a 40*80 squalid plot in Joska will cost 20m and a simple Maisonette in DC will cost 100m. You would have to go to Arusha and tango with Magufuli to get something affordable at that point. And the casino (NSE) will be at close to zero. You have been warned smile

**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
tom_boy
#199 Posted : Thursday, September 26, 2019 2:09:26 PM
Rank: Member


Joined: 2/20/2007
Posts: 737
In my investment philosophy, one should approach investing in shares the same way you approac investing in land

- do due diligence. Invest in companies you are willing to hold for next 10yrs.

- Once you buy, forget about it. Who here upon buying land goes back to enquire on the cost of land in that area every week/ month or even year.

- Ignore what the price is doing. Who here would buy a piece of land and then upon hearing that their neighbour has sold his plot of similar size at 50% less than you bought it would spend sleepless nights and rush to sell theirs ati cause land price is coming down.

- of course shares trump land on liquidity, ease of purchase, cashflow and ability to diversify.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
MugundaMan
#200 Posted : Thursday, September 26, 2019 3:06:34 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)
tom_boy wrote:
In my investment philosophy, one should approach investing in shares the same way you approac investing in land

- do due diligence. Invest in companies you are willing to hold for next 10yrs.

- Once you buy, forget about it. Who here upon buying land goes back to enquire on the cost of land in that area every week/ month or even year.

- Ignore what the price is doing. Who here would buy a piece of land and then upon hearing that their neighbour has sold his plot of similar size at 50% less than you bought it would spend sleepless nights and rush to sell theirs ati cause land price is coming down.

- of course shares trump land on liquidity, ease of purchase, cashflow and ability to diversify.


This is good advice that would work in a normal, civilised country where the rule of law applies and big thieves have filled the jails. But this Ghenya my mbraddah. You cannot think and act in an orderly way when you are deep in a lake of chaos.
**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
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