Inspired by Bankelele.
I’m a buy and hold kinda person and unfortunately when I was buying these stocks I was a broke-ass chick who had just discovered this thing could the stock market (nothing much has changed, I’m still broke-ass) and I couldn’t invest as much as I wanted other than this small ka-stash I’d managed to save. At the time everyone thought I was crazy to be buying stocks in Kenya. This was circa 1996-1997 when all indications were that the Kenyan economy was permanently destined for the toilet. Told y’all I am an optimist about the place
1. Kenya Breweries (bought at Kshs 50, when all else fails Kenyans will drink, this was the time when Castle was coming into Kenya big time and people thought it was over for KBL, my broker at the time tried to talk me out of this one…I asked him whether Coke collapsed just because Pepsi showed up…I had the last laugh on this one, especially after the stock split)
2. Kenya Airways (my last purchase at Kshs 7.00, it was the cheapest stock on the exchange and all I could afford)
3. B.A.T (bought at Kshs 45…what can I say, I believe in the power of vice)
4. Stanchart (bought at Kshs 55, I think)
5. Barclays (bought at Kshs 90 and Kshs 120, the most expensive share in my portfolio at the time…they give healthy dividend shares and I’ve been very happy with them since my shares have almost doubled without me doing a thing)
6. East African Portland Cement (used to be the dog in my portfolio for the longest time, I had wanted to buy it at Kshs 15, but my broker dilly-dallyed and I ended up buying at Kshs 22, I was so pissed off at him for buying at more than fifteen bob…but now that the price has hit kshs 122, I ain’t mad no more :-))
Shoulda bought KCB, was at 30 bob for the longest but you couldn’t convince me that the government influenced loans weren’t going to sink it…great comeback story.