Categories
Kuwait Personal

Stock Tips?

I have some extra cash saved up which I just decided I would use to invest in the stock market. Anyone got any stock tips? Also I am planning on setting up an online trading account with Mutadawil, does anyone have a better suggestion? I wanted NBK but I need like minimum $25,000 to setup an online trading account with them.

40 replies on “Stock Tips?”

if ur planning to invest in US stocks, trying using some of the US based companies, such as e-trade.
i dont recommened kuwaiti stocks or any other state in the gulf right now.
I have used e-trade in the past, read the fine print, espcially on how much a trade costs (commision) cause if i do remember correctly they change with the amount of money you are trading.
also check out schwab.com, scottrade.com and ameritrade.com.

again, u get rid of ur wife, watch porn, and spend all your money :P, where will u stop mark?

the gulf markets are really down right now so some of the ‘blue chip’ stocks in kuwait, saudi or the dubai/abudhabi can be great buys. U might wanna monitor the market situation to see if the markets really have bottomed out (i.e. prices might go down more). in any case they might be good long-term (2-5 years) investments. check emaar out for example.

i would use mubasher trade (a saudi based platform developed by a decent saudi IT company) or check out
https://busynow.blogspot.com/2005/06/ksm.html

alawsat knows what they’re doing

i just checked alwasat.com and they need $5000 to open an account. I then checked BKME and it seems they are using the same etrade software except they are asking for atleast $500 to open an account..

I think you should keep your money and not invest in stocks, its a big gamble. Buy equity, say land or an apartment somewhere with that money.

buying when a stock market’s gone to shit is always a big opportunity.. U buy cheap ..
That’s what the world’s greatest investors have done..
The GCC markets have just gone/are going thru a huge correction so u would be buying at reasonable prices.

Purg means home equity. Not a bad idea but real estate is overvalued everywhere probably at the moment.

Commodities like gold and sugar, even frozen orange juice are best, but wait for them to cool down as they are due a correction.
https://www.jimrogers.com/
https://en.wikipedia.org/wiki/Jim_Rogers

Marc Faber is sensible and usually right about things and easy to read
https://www.ameinfo.com/news/Dr__Marc_Faber/

Gold and silver will double in the next few years.
And i would stay away from any Dollar based investments.. its getting raped against all other currencies… and the worse is still to come.
Same for the Kuwati Mkts.. the worse is still to come.
I post my analysis on mkts on my blog.. chk it out for more details.

3abboud of ras al khaima! I think emaar is dubbed damaar oo blueteeth why not buy the gold bricks at fort knox dude….research might help before we start yapping bout something we dont know my dear friend!

looks like it’s U who don’t know what the hell you’re talking about, Jashanmal. I mentioned E3maar because if I’m looking to invest 2-5 years, it’s probably a bargain to buy even at AED 12.00
U sound like Ur another Khaleeji who got burned by purchasing stocks at levels 10-20 times what they are now.
Or something.
Fucking geniuses.

3abboud I wasnt anywhere near you…but since you mentioned it, I bought emaar at 6 dirhams ba3d eltaf9eekha to 10 shares and sold my shares between 35 and 38 dirhams before the whole thing collapsed. With 5600 million shares and the upcoming increase in the company’s capital it will really devastate the share price even further.

maybe you know something I dont know ! if so plz elaborate?

btw, it closed below 11 dirhams today not 12!

If you do your own trades yourself, you’ll have to pay a lot for transactions costs and you’ll have to analyse the market, time the market, form opinions on it and beat millions of other investors trying to do the same thing! I say get enough funds and get into something contrarian or against the grain, maybe an Islamic fund? Leave your money there, pay the management fee and rest easy. But make sure you pick good managers! Check reputation & track record. Also check that incentives are aligned with high performance.

add the money to a loan and use the total to buy an apt then rent it out for more than your monthly loan payments.

that way you pay for the loan and make a lil extra and in the long run you end up with an extra apt you can keep renting or even sell.

Mark,
In my opinion, the best U.S. online trading company is Scottrade! They charge $7 for market AND limit orders! Also, Their minimum deposit requirement is $500. However, there’s only one downside for non-Americans, a U.S. Social Security Number is REQUIRED. Again, so far Scottrade is the charges the cheapest commission and they also don’t charge you inactivity fee. Goodluck.

lmao at all the crap said here so far.
first things first, which market are you planning on playing?
US: you can trade any number of shares but you need to keep in mind the cost of trading fees.
KWT: there are specific amounts that can be traded in the regular market. so the small amount you mentioned on BKME/AWSAT platforms wont let you trade the kuwaiti market. on avertage you need ATLEAST KD3000 per trade. the specific units are listed on the KSE website.

i setup my alawsat account a while ago to use online if i’m ever out of the country. but i never needed it so just closed it down today.
(btw alawsat and BKME and KMEFIC are related companies)

personally i could never get used to the whole PC trading thing. its a pain to set up, and you gotta remember passwords, and BKME requires you to take too many steps if you forget your password which happened very often with me 😛

having said that, it depends how you intend to trade. will you be daytrading, buying and selling everyday? or are you going to invest it, only buying when you see something you like?

oh and about the funds that one guy mentioned,…yeah if you dont have time to pick stock thats a good way to go. but unlike what he said, trading on your own is actually cheaper than the fees charged by the mutual funds.
if you do it on your own the cost will be cheaper, but you may not know what youre doing. if you get lazy and do it with a mutual fund they’ll charge you up the ass, annually, so its not just a one time thing, but atleast you wont have to run around checking out companies.
i agree with him onthe point about checking out the fund manager. always insist on talking to him, if they say no fuck em 😀

oh and finally dont listen to tips from others such as those mentioned so far. do your own homework and make your own decisions,cos at the end of the day you answer only to yourself. your risk profile will differ from other peoples.

people that know what theyre doing do it and dont talk about it.

we dont need validation for our ideas 😛 hehehe

if you have any questions you know where to find me 😀

good luck dude!

invest in blue chip stocks like banks… I would suggest strong undervalued stocks. Although the trading’ll be less, the price’ll increase very slowly. But it’s a safe bet. the price increase & including a 4% yield, you’ll end up making more than 10% a year.

sknk,
WHAT THE HELL ARE YOU TALKING ABOUT!!!!! Atleast 3000 KD per trade!!!!! I honestly did NOT understand a single thing from your post! Dude, you’re zooming around nothing.

Mark,
First of all, there’s a broad spectrum for investments; starting from the safest (U.S. treasuary bills), and ending in starting your own business! So, it’s your call and judgement. But remember, the higher the risk, the higher the return. And as sknk said do your homework and consider all of the factors. Again goodluck.
Regards

thanks everyone for the tips and advice. I currently want to start investing with KD500. I prefer to invest in the local market since I do live in Kuwait but I also wouldn’t mind investing in US markets. I am looking for short term high gains which means I am probably looking at risky stocks. Where can I find for example info on these kind of stocks, i mean where do i look, what are risky stocks?

I sound like a newbie don’t I lol

Ok, here’s what I understood from what you guys posted: any order (bus/sell) has to be atleast KD 2500 in value in order to be executed! If that is ture, it’s the most ridiculous thing i’ve ever heard about the stock market! And it doesn’t make any sense! So Mark if what they’ve said is true, DON’T EVEN THINK ABOUT INVESTING! ciao guys

risky stocks in kuwait normally mean IPO’s. there are quite a few coming to market over the next few months since alot of them were started a while ago.

for capital of KD500 you might want to check out what they call the souk ajiat or ajat,.. not sure which one it is. literal translation is cattle feed market, but thats just the name of the area. its near souk mubarakia apparently.

here you can buy and sell pre IPO stock ie: stock thats been sold to investors who may not want to wait until the listing on the official KSE. its legit and alot of people participate in it, but its not official,…as with most things in kuwait 😛
eg: boubyan bank sold shares a couple years ago and will be listed on the 15th this month. the shares were issued at 100 fils, and people are offering to buy em now for 450.

the risk with this market, like the odd lot market, is liquidity. you may not find what or how much you want to buy or you may not be able to sell what you have.

it is however safe in the sense that those stocks are transfered to you officially. what you want to avoid are bucketshops. and these are basically places where you simply bet on the movement, they dont actually buy the stock and nothing is in your name. its intheir interests for you to lose cos then they dont have to return your money.

all in all tho, the kse is a very safe market if you know what youre doing 😛

ps scottrade,… if you didnt understand what i wrote then youre right, i wouldnt invest in the kse here if i were you.

Mark, there is an article in Bazaar magazine this month that talks about investing, it’s titled “A rising tide lifts all boats”

Anyways, if you dont have the expertise or time, invest your money in a fund. Take a big picture view on where in the world is attractive and put your money in some good stocks in that country. Investing isnt easy, otherwise we would all be rich.

Half the people writing on the this post are not financial professionals, so don’t be misguided. You will also find practically awfull investment guidance from most investment companies here in Kuwait and from the Banks. The people who will sell you a product dont really know that much about it.

Buy some kuwaiti blue chips like MTC and PWC if you want, and just forget about them for a few years.

If you want to talk more, i would be more than happy to go through the basics with you via email.
Cheers

Hi Mark ..

Just check Yahoo Finance for international and US markets, yo find professional advice on each stock with graphs showing the stock’s history. Moreover on yahoo finance there are lots of articles posted daily on the stocks you should buy the next day and what you should avoid.

I never invested real money in the stock market yet, i am just waiting to build me some decent capital to do that. I just follow the tips i read analyse the companies and decide on how many shares to buy and i just keep monitoring the stock to see if i made a right decesion. You would be surprised to find out how you would easily learn all that stuff.

all banks r bound to go up.. if u notice, banks r the only one which is stable in kuwait.

but the thing is, all banks doubled in the last one year… Let’s just hope they perform equally well.

Why dont you invest in the mutual funds? Less risk, more diversification, less heachache, above average returns

Lol Vineeth, Banks are all bound to go up? Dude do yo know how leveraged our banks are to the consumer sector?

$10bn USD alone has been directly loaned out to investors that has in turn been pumped directly into the stock market according to a recent Credit Suisse piece of research. That is a conservative figure, and is only what is “proven”. The actual figure is certainly much higher…

Going forward I would stick to service companies, such as PWC, MTC etc…

MTC, i agree…
PWC, I would think twice cause of lot of it’s policies. Not just that, you probably must’ve noticed this too. All sultan companies go up together & go down together ALWAYS. Doesn’t that seem a lil peculiar.

Loans are granted upon certain securities. I know my boss has a personal loan for couple of 10’s of million KD. We’ve given a security for the same amount.

I’m a lil reluctant to buy MTC too, cause they recently collected millions from investors for furthur investing, & they’ve been buying out telecom services in africa & god knows places.

umm yeah, MTC is moving into new emerging markets…

and economies of scale are very applicable at that size. Whats more there is strong resitance for the 3rd operator, and no guarantees that a license will be issued…

MTC has alot of cash on its balance sheet, with strong cashflows going forward, and trades a very reasonable multiple. Its a strong buy for me.

PWC, is the same story. Strong operations, very strong cashflows, huge potential to exploit with regards to logistics and warehousing in the GCC, not to mention Iraq. A firm buy for anyone wanting blue chip local market exposure.

Your analysis, Vineeth, is rather simplistic

MTC is investing in poorly emerging markets. Countries in Africa are definitely going to be better, but for now.. returns’ll be so less compared for such huge investment… They’d over a billion KD for investments. If by investing in such countries backfire, then….

PWC, is a good stock but I’ve this feeling that it’s a very unstable stock. I wouldn’t consider a company which makes money through army supply a blue chip stock (but that’s just me). & another reason I’m not a big fan of PWC is, it’s very obvious that there is a lot of manipulating in it’s prices.

re MTC:

by 2007/8 kuwait is only going to generate less than 10% of MTC’s revenues. so third operator or not its not going to matter to MTC despite the CEO’s resitance to it. some morons just want the IPO for the telecom which is why they are lobbying for a third one. i mean come on,… less than 3 million people do not need 3 providers.
vineeth as far as africa goes, the same can be said for india, pakistan and bangladesh,… all too poor to generate significant revenues,.. but we all know thats not the case. thailand malaysia indonesia would have been lumped into the same category no morethan 5 years ago.
i’d rather MTC buy into africa at a reasonable price and dominate the market, than MTC trying to buy something flashy in a developed market cos it looks good.

cant comment on PWC cos i havent really looked at them in detail. i would however stay away from transport. read their annual report and you’ll be in for a shocker. can you say pump an dump lol 😛

only chickenshits fear manipulation on the markets cos everyone does it if they can, and those that cant wish they could. and those that know what theyre doing know how to profit from it if they want to get involved.

whether here or the us or japan, youre gonna get the same thing everywhere. people that lose money are willing to blame everything and everyone except themselves. so you get lameass excuses like no transparency, no SEC-like-body,mass manipulation, 3breasted martian women seducing the traders blah blah blah,…

i’m loving it here on this market, and not being either local or arab and not even speaking arabic properly hasnt hindered me at all.

all hail the free market!!! 😀

comparing india to africa… thats some funny shit!!! hehe…

anyways, what u say about MTC does make sense… But what I’m thinking is, the rate at which Africa is growing.. MTC cannot live upto that. They just bought some telecom in africa for a billion$. I think i read that in the paper. Dont you think it’s a lil too much to be investing there ?

I fear manipulation because I’m in a part of a team who do it & I love this job.

i’ve asked mtc to forward me the balance sheet of the new company they bought… will forward to u.. Will see if it is worth it or not..

I agree with the whole ppol making a fuss bout losing money… I mean, CMON.. no one had a problem when they were minting money

How can scottrade be a competitor
with companies like ameritrade and
Charles Schwab if they do not offer
trading on international markets like
the others, or reinvested dividends.

Leave a Reply

Your email address will not be published. Required fields are marked *