I have seen a lot of advice coming along from the blog community on how to handle the mess at NSE. For me now i have reached a point of telling anyone who care to listen that the way out of NSE is to abandon it. Unless they privatize it, NSE will remain a classic case of bleeding the leach to feed heifer. So it is simple, the people who care about investment in this country can come together and form another stock trading exchange market. Something like Kenya Stock Exchange( KSE ) fully owned by the public
For the investors in NSE this might be very hard dose to swallow but at this rate the place is rotten and in dire need of radical surgery in its literal sense. Yes Nairobi stock exchange needs radical surgery, greater than what a corrupt anti corruption chief once did to the judiciary system. If that is not done soon then investors should as well pack their bags and go. I mean go, take your money , go and keep it under your mattress. It is better being there than in this rotten market.
Someone told me yesterday that i should take it easy and breath deeply. That by all means we have survived the worst bear run seen in Kenya market history. Well that is a good point for the good and transperent stock markets but not for the stinking markets like NSE. The place is full of greedy stock brokers trading on the client’s accounts, good for nothing Capital Markets Authority and the Nairobi Stock Exchange officials. Well this is from a very mad Kachwanya here, what about you?
I believe it will resurrect, but I’m not pouring any more money in there for now. There are better opportunities to make money elsewhere.
Well it depends on so many things but i agree with pink m that the NSE will be back on its feet. At the moment the moment the investors confidence on the market is at the rock bottom but it is something which will probably change with time. I have been having wait and see attitude about the market for sometime and i think i will continue that way.
@pink m
it will be good news if that happens but at the moment lol things are very thick. There is a lot manipulation of what is going on NSE, more so with the prices and how the accounts of the clients are treated. All these take place because the of NSE is owned by the brokers. Another thing which has just come to my mind is the issue of online trading, if we have online transaction whereby the individuals who wishes to trade on their own accounts can do so without going through these brokers, i believe things will be much much better.
I have always been a believer in buy when the prices are low and sell high. Just like any person in retail market will do but the issue with NSE is the structure and lack of regulations and that is why I have also stopped investing there for the time being.
Before the market wakes up you need to take certain steps to safeguard your investment.
check this link
http://conceptadvisoryservices.co.ke/wordpress/?p=124
Kachwanya don’t confuse the safety of your CDS account with the volatility in stock prices.Look for a safer broker to handle your CDS Account.
Staying out of the market would be the silliest thing to do.Thats why most retailers never make money in the market, they are always getting in high and getting out low.The market will come back in 1-2 years.We have had bear runs before.In 2001-2002, 1997-1998, 1990 …etc
@Concept: Those are very good ideas, i like them especially the fact that you can get the cdcs to inform you if your accounts is tempered with. I encourage guys to communicate with CDSC and protect their investments: [email protected]
@Pesa Tu: Am not confusing CDS account with the volatility in stock prices, i have no beef with stock prices. My main problem is with the management of the NSE and the brokers. By all means prices will go up one day but the operation and management of the NSE should completely be delinked from the brokers. The brokers roles should be to be brokers.
from the few analysts have talked to it seems the market will get worse in the next 6 to 9 months as the global recession hit Africa. we are usually late on everything.
pss: just stumbled upon your blog, great work here kachwanya.
If you can’t trust your broker, then you should keep away from the NSE.
It is a long tale of cases where money from clients? shares are sold without their knowledge, where officials of the Central Depository and Settlement Corporation (CDSC) collude with brokers to postpone updating clients? accounts and where prices are routinely manipulated by stockbrokers. – Daily Nation, Wednesday, February 11 2009
In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
Now the question is what can be that source of income in such a bad phase of economy??
Well it?s very difficult to start new business at this point of time as it requires lot of cash and efforts. So again question is how to make more money in such conditions when needs are same and income is low?
We strongly suggest that if you like to take bit of risk and don?t want to spend too much money and time on new venture then stock market is the right place for you.
To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
is bullish or bearish as In stock market one can earn in both of these trends.
So just think about it and see if stock market can be the right place to make some extra money.
Please feel free to contact us for any query.
Regards
SHARETIPSINFO TEAM
I do not believe that we should run away from N.S.E. We should stick with it and demand improvements. We should invest in education using every possible means. If the market rises, we rise with it. In any case we would realize the loses if we choose to dispose of our portfolios and by extension kill N.S.E. further.
Keep working, great job!
I think this is a great time to invest in the stock market because everyone is dumping shares at stock exchange. So my advise would be to stock up on Banks, Telkom’s and Publishing firms stocks because these companies are still making profits yet their share valuation is low. That clearly shows a depressed NSE not a Defunct one. Kachwanya don’t lose heart.
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Now as such we had seen in the month of Feb’09 that volitality was very much there considering the various factors deciding the movement of the Indian Stock Market
Now in the coming Month of March’09 which is also the year’s closing period,also the important Policies would might be declared around the world will be deciding the movement of Indian Stock Market
Happy Trading a Head
Queries are welcomed
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Zainteresovala tema!
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As budget season is approaching so it is wise to think before investing as we can witness very volatile market in coming days. Moreover, we are expecting some stock market correction in post budget session
We advise every investor to book profit before budget and try to grab value stocks at further decline for short to medium term.
For any query feel free to contact us.
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We all get bombarded every day with mails, morning briefs as to which stock we should pick and how will be the market trend today. Every time the brokerage houses will send the stock market tips> as if we all are playing a gamble and need the tricks as to how we can win it. And anticipating as to how to do stop loss and at least will make smaller profits. What most of the investor do is they consider short term trading as the long term investment and believe as to how it can be doubled in a day. Buying a stock just because the price is low and some stock market tip you received that this will boom in the market today. What most of us do is that we all trade with money which we can’t afford to lose but the market always says that invest only that money which is in excess to you. All of these are the big mistakes which we commit every day in spite of being reminded every time that we should complete our home work for the next day.
? Past performance of any company doesn’t not hold true or affect its future performance. Many of the Indian stocks which were heavy weight in the past few years and were considered the blue chip companies in this market are either bankrupt or have become extinct in the market. Thus continuous performance analysis and evaluation is important.
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If Nse manages to cross 5700, bull run may be expected but if it falls below 5500 it will continue to be volatile. I am an technical analyst providing Stocks to Buy Tips and Intraday Tips for Indian Share Market.
Seems like it’s a nice blog. So let us also add something useful in it. Trading with best stock tipsin volatile market can be very fruitful also if we follow technical levels closely. It’s a common saying that stock market can change fortune in either way. But now the question is how to earn money from the Indian stock market.
Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it’s not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.
Regards
opt2wealth
Kenya is suffering from systemic failure ..mediocrity has reached suicidal levels as was shown by the JKIA power failures
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