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Owned by Stomzy

Basquiat University

1.3k members • Free

Teaching How To Turn $100 into $100K through global stocks.

Basquiat Elite

6 members • $30/m

The Elite Circle is where serious investors transform market info to generational wealth. This is systematic wealth group for the committed few.

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Skoolers

182k members • Free

37 contributions to Basquiat University
How to Open an Interactive Brokers Account
Lot's of folks ask me which broker I recommend and use and it's hands down Interactive Brokers. They've been in the game since 1977 and are a publicly listed company in the NYSE so you have trust and faith that they know what they're doing especially handling your hard earned money. This video is for all of y'all looking to get started with IBKR. You can use my referral link to get started and you can get up to a bonus of $200 worth of free stock to get you started! Please play it on 0.75 speed if the current speed is too fast for you to follow along. Also, PLEASE MAKE SURE YOU OPEN A CASH ACCOUNT. NOT MARGIN! Margin accounts are leveraged and basically you "borrow" money to control larger positions which if they go against you, you'll lose money immediately. Cash accounts are 1:1 meaning 1 dollar controls 1 single unit of stock. Flood this thread with questions if you get stuck and I'll be here to help!
0 likes • 9d
@Wendy Okoth DM me if you have any challenges
0 likes • 1d
@Standa Maraka it’s actually a wire transfer through IBKR that you can do that
💎 EXCLUSIVE: Become a Basquiat Elite Founding Member
☄️ This is the moment we've all been building toward! After 10 years of turning my own $217 into a $150K+ portfolio and helping hundreds of everyday people build life-changing wealth, I'm ready to share everything that got me here. While other "gurus" charge $2,000+ for generic advice, we are doing something revolutionary. I'm opening my EXACT GARP methodology — the same system I use to manage $1M+ in separately managed accounts — to a small group of serious members. 🎯 Why We are Doing This Now You've seen the results. If not look at my current results as of Friday the 26th of September 2025. You can see the winners like: - Royal Caribbean Cruises at $160.06 (now $324.53) - United Airlines at $48.11 (now $99.15) - Trip.com at $48.90 (now $75.71) - Sterling Infrastructure at $208.77 (now $338.44) But what you haven't seen is the **systematic process** behind these picks. The GARP framework that turns gut feelings into calculated wealth-building decisions. The research methodology that separates winners from hype traps. 💎 What Founding Members Get (Worth $3,600+ Value) ✅ 2 high quality stock pick recommendations every month($997 value) ✅ Weekly live market analysis calls ($200/month value) ✅ My real-time portfolio updates (priceless transparency) ✅ Direct access to me in exclusive member calls ✅ Priority email responses within 24 hours And there's more! ✅ Monthly stock deep-dives with buy/sell recommendations ✅ Market crash playbook (how I made money in 2022) ✅ Global opportunities across US, Europe & emerging markets ✅ Tax-efficient portfolio strategies for international investors ✅ Annual in-person meetup (first one: Nairobi 2026) ⚡️The Founding Member Opportunity **Regular Price:** $499.99/year **Founding Member Price:** $29.99/month *(locked in for life)* 🔥 What My Track Record Says - 10+ years of documented investing experience - $140K+ personal portfolio starting from $217 - $1M+ in assets under management - 361 community members in just 3 weeks
1 like • 9d
@Wendy Okoth it sure is
0 likes • 6d
@Kevin Kipkoech absolutely
Cheaper Alternatives to SWIFT Bank Wires for Funding IBKR from Kenya
Wise: The Recommended Option Wise is the most reliable and cost-effective alternative for Kenyan investors funding IBKR accounts. Many Kenyan users have successfully used it, and IBKR has a direct integration with Wise that makes the process seamless.​ Key advantages of Wise: - Transparent fees: Approximately 1.4–1.9% of the transfer amount, with no hidden markups​ - Real mid-market exchange rate: Unlike banks that add 2–4% to the exchange rate, Wise uses the actual mid-market rate with zero markup​ - Direct IBKR integration: You can link your Wise account directly within the IBKR Client Portal and fund your brokerage account without leaving the platform​ - Speed: Transfers typically arrive within hours to one business day​ How to set it up: 1. Create a Wise account – Download the app or register at wise.com using your Kenyan phone number and national ID for verification​​ 2. Fund your Wise account – Transfer KES from your local bank to Wise via M-Pesa or direct bank transfer 3. Link to IBKR – Log into IBKR Client Portal → Transfer & Pay → Transfer Funds → Make a Deposit → Select "Bank Transfer Via Wise" or "Transfer from Wise Balance"​ 4. Convert and transfer – Wise will convert your KES to USD at the mid-market rate and deposit directly into your IBKR account Estimated costs for a $500 transfer: - Wise: ~$7–9 (about 1.4–1.9%) - Bank SWIFT: $22–50+ (4–10% excluding FX markup) - Savings: $14–42 per transfer Practical Tips for Community Members For small transfers ($100–500), the fee percentages matter most. Wise is the clear winner here because its percentage-based fee structure scales appropriately, unlike flat SWIFT charges that devastate small transfers.​ For larger transfers ($1,000+), consider accumulating funds before transferring to minimize per-transfer costs. Even with Wise, batching transfers reduces the number of transactions and associated fees.​ Account verification: Wise registration from Kenya is straightforward – you'll need your national ID or passport, phone number for verification, and a valid Kenyan address. The verification process typically takes a few minutes.​​
0 likes • 7d
@Josephine W n congratulations!!! This is amazing news! Well done . Please post a screenshot in the general feed to showcase your wins
0 likes • 7d
@Josephine W n looking forward to seeing
ARE WIRE TRANSFERS TOO EXPENSIVE WHEN Funding IBKR FROM KENYA. WHATS THE ALTERNATIVE
Hello guys , my experience funding my ibkr account through bank wire transfer has left me in thinking of using alternative channels due to high transaction’s costs. Swift transfers are just expensive especially if you are using a local banks. While the banks just tell you about their internal swift facilitation cost which range between kes 1500 - 2500 , the don’t mention about the international settlement fees which could range from 10 - 30 dollars or even more. Total charges from my past international swift transfers were almost 30% of the amount being transferred. The math doesn’t make sense . I have come across the wise app option though I'm skeptical as i have not used it before. Anyone who has used it before from kenya for international transfers? Is it a good options ? What other cheaper options are there?
1 like • 16d
@Sam Kush Sorry about that. We're going to film much more about this soon
1 like • 16d
@Josephine W n For sure. We will film more about this topic and upload some new content. Thanks for the feedback.
Your Weekly Digest
Happy new week Basquiater's. I hope everyone who owns a couple of stocks didn't freak out and sell when the market turned down last week. A reminder that as long as you stick to the fundamentals, the wild emotional swings of market downturns should be viewed as an opportunity to buy more shares of your companies AT A DISCOUNT. It's like going to the supermarket and finding everything on sale. When you find out that investing is just a psychological and mental fortitude game, you will never lose! How are your portfolios doing? Feel free to share in the comments, throw in a screenshot too! Anyway, here's your digest. 👨‍💻 Tech Leads Market Rally, Alphabet and Broadcom Surge U.S. equities rebounded sharply as optimism around AI and a possible December Fed rate cut sparked a rally. Alphabet jumped 6% after a strong AI model launch, and Broadcom soared over 11%, cementing tech’s leadership in the S&P 500 and Nasdaq rally. 📈 Nasdaq Posts Strongest Gain Since May; S&P 500 Up 1.5% The Nasdaq 100 surged 2.6% for its best day in more than six months, while the S&P 500 climbed 1.55%. The rally comes as investors speculate the recent tech-led selling may be bottoming, with sentiment improving on rate cut hopes. 🚘 Tesla Rallies on AI Chip News, Semiconductors Benefit Tesla rose nearly 7% after CEO Elon Musk touted advanced in-house AI chip capabilities. Other semiconductor and AI-centric firms such as Micron and AMD also gained 5-8% on hopes of ongoing AI spending. 💊 Novo Nordisk Tumbles on Alzheimer’s Drug Miss Novo Nordisk shares plunged more than 10% after its Alzheimer's trial with flagship semaglutide failed primary endpoints. The disappointment hit the health care sector but was offset in part by rotation back to tech. ₿ Bitcoin Stabilizes Above $87,000 After ETF Outflows and Technical Selling Bitcoin steadied above $87,000, rebounding from lows near $80,000 last week despite continued ETF outflows and technical pressure. Derivatives data and negative funding rates suggest a local bottom may be forming, with risk of a near-term short squeeze.
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Stomzy Mwendwa
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329points to level up
@stomzy-mwendwa-5939
President & Founder of Basquiat Capital. I make musings about investments and I am forever in love with the stock market

Active 3h ago
Joined Feb 14, 2025
Sheridan, WY