In 16th May, 2013 the price per TBL share was 3,020 Tshsand for TCC it was 6,000 Tshs per share but in July, 2013 period it went to 3,240 Tshs for TBL and 6,500 Tshs for TCC. In 31th December, 2013 the value for these shares were 8,000 Tshs and 8,600 Tshs respectively
Year 2014 could be among the years which changes and sharpen my way of thinking a lot, socially and professionally.Much thanks to GOD for giving me strength to write this article and also my boss who couched me on the subject clearly.
Nevertheless the internet which serve as my first pull for information and confirmation of whatever I have been taught or hear. After completing my degree in computer science I had one major goal, becoming rich.
Hence the obvious options for me were getting a good job and opening my own business which I would work part time,I did both but I am still not rich.
Yes I agree to the fact that being rich is a relative term but what I am referring here is probably more relative and that's the ability to afford spending on basic needs, acquiring reasonable assets and become free from unnecessary financial rate race.
I am a systems administrator, so as any other IT personnel I spend most of my time on computer screen planning, configuring or finding solutions to technical challenges presented to me.
But in here I am writing to demonstrate the testimony of working through the internet on hear says and tips so as to confirm information to your advantage in order to reach your ultimate goal which is becoming rich, something which I haven't also attained but I have the prove on the approach which I could have taken since my early years at college and open my ways to success.
Information Technology (IT) is among the most involving professional to the extent that being an expert requires a lot of devotion in reading as a well as practices. Due to this, most of IT professionals close their eyes and ears to other opportunities that might be available just some few inches from the field.
For those tempted to become entrepreneurs opt to base on something related to IT ignoring important opportunities which they regard as for professionals in the other field of studies. This is totally wrong.
Simple business study and common scenarios to many young professionals… Assets is what determines wealthy but liability is what you spend on without improving your assets value. Probably we already knew that but the big challenge to many graduates or few years employed professionals is having enough fund to buy assets.
For those few succeed to acquire few assets commonly land through loans or doing painful serving, the rest choose to give up waiting for a promotion miracle from their good job.
I agree that from a good work someone must be promoted and earn much but it is obvious that we can not all of us be managers if and only if being manager is enough for your dream.
Those opt for entrepreneurship also have their own challenges, investment capital is their common nightmare. Then by considering that looking for other opportunities and take advantage of the information we hear form other and capitalize to our advantage is not a crime.
Currently I work for a bank the place where I got opportunities to meet and share ideas with accountants, assurers, economist and other professionals involved in the whole field of banking.
I always here a lot of information from them; something they practice to raise company earning, their own income to something they just have read in college but afraid to try. In my first 3 years of working with them I was busy with my technical work not paying much attention to whatever they seems to know much.
But in 2014 I learned three most important terms from them and these terms are "shares", "demand" and "supply" . This time I didn't ignore but I used most of my time in the internet learn and find much information behind these important terms as well as find proves of the concepts they hold. I admit that this habit enlighten the way to my ultimate goal.
Referring to my form two knowledge of commerce I managed to understand the basics of the demand and supply theory but I had no any clue information on shares. Hence after hearing the term and how people can benefit I browsed to gain enough knowledge about them from the internet.
Before I didn't even know that as a low income earner individual I qualify to purchase big company shares like TBL, TCC, Simba Cement, etc but today I am confident to demonstrate the benefits of doing it.
After gaining enough information through the study from the internet I continued my research offline to fine important keys players and stakeholders involved in shares broking.
My boss compacted me with more knowledge since he is also a business personnel and exposed me to other stakeholders and the whole purchasing process of shares. Through the whole process of learning I was in doubt not believing much on what I was finding until the moment I decided to visit Dar es Salaam Stock Exchange website.
I regard this website as the best website I visited in 2014, not by design but the information I managed to prove through it. Through the web I managed to query past daily reports and prove the commulative value increase of various company shares.
For example in 16th May, 2013 the price per TBL share was 3,020 Tshs and for TCC it was 6,000 Tshs per share but in July, 2013 period it went to 3,240 Tshs for TBL and 6,500 Tshs for TCC. In 31th December, 2013 the value for these shares were 8,000 Tshs and 8,600 Tshs respectively.
After learning and understanding some other factors which may also cause decrease in value for these shares and re-confirming these data in 2014 January I was convinced to try purchasing some few shares using the small serving I made of almost 4.5 Millions Tshs.
I was targeting a short time earnings so through my early traces I chose some companies shares which I believed will appreciate within a short while. So in March, 2014 I bought 245 TBL shares (8,100/share)almost 2 Millions worth and 225 shares(8,820/share) of TCC which costs me also 2 Millions.
in 11th June,2014 my shares appreciated to 8,740 Tshs/ TBL share and 10,100 Tshs/TCC share. In 28th August, 2014 the values where 13,100 Tshs (TBL) and 13,390 Tshs (TCC ). I sold all of my shares in the middle of October, 2014 when their value was 18,100 Tshs per TBL share and 19,500 Tshs per TCC share.
Hence I made an accumulative profit of 4,853,000 Tshs (2450000 TBL and 2403000 TCC). This is 121.3% profit, You can not earn this much profit by depositing same amount of many in a serving account of any bank for a 7 months period.
If this profit isn't convince you enough try to think if you have invested and bought these shares for 10 Millions which is probably same amount of the money you have borrowed from a bank to buy your first car, a delay of 7 months to buy that car on loan could given you millions to pay back the loan and buy the car at no loan.
Also try to imagine what if I have started to buy these share in January, 2013 when they where around 2000 Tshs and 4000 Tshs per TBL an TCC share respectively. By the way I just didn't mentioned that after the close learning of the trace in value increase for these shares and other company's shares I purchased more shares around August and I am continuing to buy and sell at no loss.
What is important is to keep up with the factors which cause the rise and decrease of share value such as company activities and strategies specified in their annual books and the universal law of demand and supply as for example the rapidly rise of TBL and TCC shares were influenced by permission given to these companies to become the first Tanzanian companies to sell shares to foreigners through Dar es Salaam Stock Exchange, hence a lot of people wanted to buy.
As any other business there is a risk of losing even the small of what you already have but keeping up with information and what is happening in the business gives us courage to try and identify early indicators before loss so that we can skip it.
Don't enclose your self, use your IT knowledge and intelligence to learn and analyse more information and get benefits and exposure. All the profit I made through this exercise mostly involved me sitting on my office chair learning and analysing data from the internet.
Source: knowcache.com