Take your money out of NSE and keep it under your mattress

Written by

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?

Article Categories:
STARTUPS

Comments

  • 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.

    pink m February 13, 2009 07:01
  • 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.

    Richie February 13, 2009 07:37
  • @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.

    kachwanya February 13, 2009 09:54
  • 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

    Concept February 13, 2009 11:08
  • 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

    Pesa Tu February 14, 2009 14:32
  • @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.

    kachwanya February 14, 2009 17:54
  • 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.

    kainvestor February 16, 2009 07:01
  • 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

    Ssembonge February 16, 2009 19:59
  • 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

    sharetipsinfo February 26, 2009 05:02
  • 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.

    Athlete Golden Investment March 2, 2009 13:55
  • Keep working, great job!

    John Quid March 12, 2009 04:30
  • 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.

    John Karanja March 21, 2009 18:47
  • This blog is nice and informative,its our pleasure to post a comment on this blog created by the webmaster

    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

    09871142419
    09212663485

    [email protected]

    KnowYourProfit

    KnowYourProfit April 9, 2009 10:33
  • I came across this excellent website http://www.source2update.com that shows live indices. and it also shows daily tips for indian stock market cool I love that. one must have a look

    Sunita Kapoor April 11, 2009 06:29
  • Your site displays incorrectly in Firefox, but content excellent! Thank you for your wise words:)

    JessicaHakly May 11, 2009 00:14
  • hi, thanks,The article was very well written, very helpful to me

    ArianaVaky May 14, 2009 00:06
  • Zainteresovala tema!

    Filmi May 20, 2009 21:28
  • Dear Visitors,

    This blog is really nice and informative. We are pleased to know this blog is really helping people. It?s our pleasure to post informative content on this useful blog created by webmaster.

    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.

    Regards
    SHARETIPSINFO TEAM

    +91- 9891655316
    +91- 9899056796
    +91- 9891890425

    sharetipsinfo June 25, 2009 08:38
  • 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.

    share tips August 31, 2009 10:02
  • ? 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.

    STOCK MARKET TIPS > || TIPS FOR STOCK MARKET > || STOCK MARKET IDEAS >

    share tips August 31, 2009 10:03
  • Indian markets prohibition of insider
    trading
     were witnessing a lackluster session as
    traders
    continued to remain on sidelines due to lack of
    trading tips cues from global peers.
    Traders were also cautious ahead of
    Reserve Bank of India meet. Insider
    trading stock
    the central bank is likely to raise rates by 25bps.“The
    operator trading tips is likely to be
    subdued. The Nifty is hovering stock tips
    around its 200-DMA operator stock trading
    tips
      levels. Expect a range-bound day as
    stock market tips  should adopt a
    defensive trading strategies in view
    of the result season and the upcoming
    intraday tips
    RBI meet next week.Food inflation rose marginally to 8.76% for
    the operator stock trading tips week
    ended April 16. This has further raised
    stocks
    expectations that RBI will raise rates by mostly a quarter percentage
    point on Tuesday,” said IIFL report.National
    Stock Exchange’s
    Nifty was at 5775.40, down 10.05 points or 0.17
    per cent. The broader index operator
    share tips
    touched a high of 5804.30 and low of 5771.20 in
    trader so far.Bombay
    Stock Exchange’s
    Sensex was at 19260.09, down 31.93operator
    calls
    points or 0.17 per cent. The 30-share
    trading
    index hit a high of 19356.50 and low of 19237.72 in early operator’s
    stock tips
    . for more details please visit to:-http://www.insidercalls.com
    and http://www.operatorcalls.com (an
    initiative from http://www.puntergroups.com )

    )

    puntercalls May 2, 2011 07:00
  • 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.

    Stock Tips July 10, 2011 08:49
  • 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

    pruthvi chaitanya July 14, 2011 11:08
  • Kenya is suffering from systemic failure ..mediocrity has reached suicidal levels as was shown by the JKIA power failures

    Pmynaina July 19, 2011 13:53
  • Trading or investing in the stock market is a serious matter. We must understand the basics of the stock market, before working in it. Share Tips News this glossary of stock markets. Understanding the stock market better. Global Stock Info provides intraday tips for customers to help you buy and sell stocks, shares and other financial instruments within the same day.

    share tips July 27, 2011 05:58
  • Don’t lose money in stock market. Just visit sharetipsinfo and stay one step ahead of all your fellow stock market traders and investors.

    Sharetipsinfo03 July 20, 2012 09:55
  • yes there is always risk in investing money in stock market but it can be reduced through Intraday Tips.

    shruti khare March 26, 2013 12:30
  • we are one of the best share tips provier company in a indan stock market for as for further assistance contact us at 0-9015154400

    Share tips idea January 6, 2015 14:54
Shares