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Basquiat Captial inquiry
Hi, I watched module 5 (around the 46:43 mark) and noticed one of your clients running a portfolio of around $200. I'd like to know if it's possible to build something similar for me at that capital level. My investment journey started with Ndovu, and what drew me to Basquiat Capital was your mention of a cheaper way to access foreign markets. I understand I may not be the typical target client for the hedge fund yet, I already have an IBKR account and a Standard Chartered dollar account, but the wire transfer fees and taxes make that route more expensive than Ndovu . Q1 is already gone and my investment funds are still sitting idle in an MMF. Could you help me out?
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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.​​
SEC Edgar Reports
Hi @Stomzy Mwendwa , can you help me on how to navigate on SEC Edgar when looking for the financial reports of a company.
Rebalancing the stock portfolio
Hi, @Stomzy Mwendwa , how often or in which time frames would you recommend someone to rebalance the stock portfolio.
Balance sheet from lesson 2
Is there a case where balance sheet might fail to balance? And what can we conclude in such a case?
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Teaching How To Turn $100 into $100K through global stocks.
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