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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » How brokers earn at the expense of the normal investors?

How brokers earn at the expense of the normal investors?

Go down  Message [Page 1 of 1]

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Based on bought note for 1000 shares at 130.43 on 29 July & sold note at 154.15 on 01 Aug charges under T+5 are below.

Brokerage 1821.44 57%
CDS fee 70.23 2%
CSE fee 239.07 7%
SEC fee 204.91 6%
Government Cess 853.00 27%
Total cost of transaction 3188.65

You can see how brokers are thriving their wealth placing the investor at the peak of risk. Do we pay the real value or more or less for the service rendered by the broker?

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:Based on bought note for 1000 shares at 130.43 on 29 July & sold note at 154.15 on 01 Aug charges under T+5 are below.

Brokerage 1821.44 57%
CDS fee 70.23 2%
CSE fee 239.07 7%
SEC fee 204.91 6%
Government Cess 853.00 27%
Total cost of transaction 3188.65

You can see how brokers are thriving their wealth placing the investor at the peak of risk. Do we pay the real value or more or less for the service rendered by the broker?

In this case invester also have reasonable profit.But if this had been sold at a loss because of T+5 day rule then only brokers and the others would get benefited.

sriranga

sriranga
Co-Admin
@ worthiness

I couldn't agree 100%.
When we are going for trading, before hand all of us know the cost of transaction.
You mentioned that you got Rs.23720 in couple of days.
Why we need to cry ?
If you invest this amount in the bank on fixed deposit how much you will get after one year?
Broker firms also need to earn money to pay their employees, Government also need money by taxes
to support the public expenses.
I do not think the amount what we are paying as a transaction cost is too much compare to other stock markets.
Don't take my comments as personal.
Open for fair discussion.
Thanking in advance.

http://sharemarket-srilanka.blogspot.co.uk/

Fresher


Moderator
Moderator
@worthiness wrote:Based on bought note for 1000 shares at 130.43 on 29 July & sold note at 154.15 on 01 Aug charges under T+5 are below.

Brokerage 1821.44 57%
CDS fee 70.23 2%
CSE fee 239.07 7%
SEC fee 204.91 6%
Government Cess 853.00 27%
Total cost of transaction 3188.65

You can see how brokers are thriving their wealth placing the investor at the peak of risk. Do we pay the real value or more or less for the service rendered by the broker?
'

yes. so? almost the same amount combined goes to the others as well. (CSE, SEC, Govt)

if you dont like it then put it in a bank. but remember banks are a kind of brokers too. take from you for interest and loan them to someone else for double interest.

insidertrader


Manager - Equity Analytics
Manager - Equity Analytics
To make a profit your share has to go up around nearly 3%.
Add the credit interest on top of that if you're keeping it for more than 3 days.
Your broker is the winner.
In real stock markets shares don't go up in leaps and bounds everyday.

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
Only broker firms are benefited by panic selling.

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
Do you have data of all the buy and sell orders that you have placed during the past 1 year..? Now, calculate how much brokerage you have paid on those transactions. (Do it. I think the results will surprise you!)

Fresher


Moderator
Moderator
@insidertrader wrote:To make a profit your share has to go up around nearly 3%.
Add the credit interest on top of that if you're keeping it for more than 3 days.
Your broker is the winner.
In real stock markets shares don't go up in leaps and bounds everyday.

exactly. an investor does not expect the market to act that way.

this topic refers to investors. as for traders, they are exempt from one side of the brokerage for an intra day trade.
the interest you pay is for the money someone has given you? isnt it fair? you even get to keep it for 3 days Wink

please stop complaining people Smile

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
@Antonym wrote:Do you have data of all the buy and sell orders that you have placed during the past 1 year..? Now, calculate how much brokerage you have paid on those transactions. (Do it. I think the results will surprise you!)


I do not try to change stocks.....stick to the portfolio medium term....changing creates an unnecessary selling pressure... Very Happy Smile

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
npp wrote:
@worthiness wrote:Based on bought note for 1000 shares at 130.43 on 29 July & sold note at 154.15 on 01 Aug charges under T+5 are below.

Brokerage 1821.44 57%
CDS fee 70.23 2%
CSE fee 239.07 7%
SEC fee 204.91 6%
Government Cess 853.00 27%
Total cost of transaction 3188.65

You can see how brokers are thriving their wealth placing the investor at the peak of risk. Do we pay the real value or more or less for the service rendered by the broker?
'

yes. so? almost the same amount combined goes to the others as well. (CSE, SEC, Govt)

if you dont like it then put it in a bank. but remember banks are a kind of brokers too. take from you for interest and loan them to someone else for double interest.



CSE SEC broker firms all charge for transactions. Can the broker firms hold without force selling until an announcement is given as they are actually representing investors. Then the market stabilize.

PALITHA


Stock Trader
@Aamiable wrote:
npp wrote:
@worthiness wrote:Based on bought note for 1000 shares at 130.43 on 29 July & sold note at 154.15 on 01 Aug charges under T+5 are below.

[size=7][size=7][size=7]Brokerage 1821.44 57%
CDS fee 70.23 2%
CSE fee 239.07 7%
SEC fee 204.91 6%
Government Cess 853.00 27%
Total c
ost of t
ransacti[/size]on [/size] 3188.65[/size]

You can see how brokers are thriving their wealth placing the investor at the peak of risk. Do we pay the real value or more or less for the service rendered by the broker?
'

yes. so? almost the same amount combined goes to the others as well. (CSE, SEC, Govt)

if you dont like it then put it in a bank. but remember banks are a kind of brokers too. take from you for interest and loan them to someone else for double interest.



CSE SEC broker firms all charge for transactions. Can the broker firms hold without force selling until an announcement is given as they are actually representing investors. Then the market stabilize.

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