HALF PASS SIX INVESTMENT ADVISORS

yasser · 1 HALF PASS SIX INVESTMENT ADVISORS Fri Sep 09, 2011 9:37 pm

yasser

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Many members talk of RALLY and MANIPULATORS; these are not talks in strong financial markets.
CSE is a small market when Nimal said sometime back about information passing he was right NIMAL and DAMMIKA control so many companies, and they know the business circle so they push and play with prices making the small man suffer.
But one should remember we have got “INVESTMENT ADVISORS” why cant they guide the investors may be they are incapable or manipulators themselves. This forum got members who can better analyse a company than the HALF PASS SIX INVESTMENT ADVISORS.
Why not we get the act together and get these brokers to get a bunch of qualified dudes or get the present guys well qualified, to give proper guidance in an emerging market like ours.So that we could have a fundementally strong market.

Many advisors say things like there is a buying/selling pressure, Mr Xxx buying so it will go up- these guys must sit at home, they should be selling stuff on the pavement. Their job is to analyse and give sound advice to investors.
The CSE and SEC should consider imposing fines on broker firms of such types, OR reduce the brokerage. Now many will agree with me with the introduction of the online trading many clients never talk to the BROKER so why pay them any fees.
I feel we should lobby SEC to reduce the fees and penalise these chaps. Also SEC should look into brokering firms who promote particular shares which are rubbish among the retail investors, I wish they could try this with NIMAL!!!

Food for thought
Wish you all a wonderfull weekend cheers

worthiness · 2 Re: HALF PASS SIX INVESTMENT ADVISORS Fri Sep 09, 2011 10:23 pm

worthiness

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I raised this issue in this forum recently.
It is acceptable that investors should pay a fee for the services rendered by the broker. That fees cover up the administration cost, on line services & sound advice rendered on security trading.

Administration cost covers one time registration process, maintenance of link between the investor & the CSE, issuance of bought/sold note. (Please add missing services under administration part).

On line system provided is down many times in trading time keeping the investor away in buying/selling activities.

Advisers assigned at the time of registration are not in advisory capacities & incapable of giving the information of market trend. Communication with them by e-mail or phone is impossible as they never response.

Now, does the brokerage fee of .64% pay for each buy/sell transaction validate the services rendered by the broker?

Personally I feel the brokerage being paid is much higher than services rendered by my broker (so called reputed one). Is it the value added service?

chamith · 3 Re: HALF PASS SIX INVESTMENT ADVISORS Fri Sep 09, 2011 11:24 pm

chamith

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10,000 LKR transaction cost 64LKR
1 Million LKR transaction cost 6,400LKR

But in these 2 instances the service that broker / SEC provided is the same. Broker does not incur any additional admin / linkage or any other cost for the 2nd transaction than the 1st transaction but charges two different fees. In developed Stoke exchanges they have a fix sum for a transaction irrespective of the value. I was doing a bit of research on London Stock Exchange brokers. Brokers have a fix sum for any transaction value but that sum differs from each broker depending on the service they provide.

Antonym · 4 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 12:02 am

Antonym

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The high CSE transaction charges makes it difficult to make a decent trading profit. Therefore, volumes are lower than they could be. Let's assume I buy a share at 100 today, and sell at 103 tomorrow. Profit = 3. But I get only 0.73.

For online trades, the NSE in India charges brokerage fees of 0.1% on the buy side and 0.1% on the sell side. With such low fees, traders can afford to take larger positions. Let's assume I buy a share on the NSE at 100 today, and sell at 103 tomorrow. Profit = 3. And I get 2.80.

If the CSE reduces its brokerage fees and related charges, the higher volumes will ensure that everyone benefits - brokers, government, investors and speculators. Think about it.

chamith · 5 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 12:15 am

chamith

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LSE broker commission comparison

HALF PASS SIX INVESTMENT ADVISORS Lse10

Roboticfx · 6 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 12:33 am

Roboticfx

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Chamith good post! Can anyone invest in NSE? Please could you show me how? Very Happy

worthiness · 7 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 12:36 am

worthiness

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Good presentations.
Everyone should appreciate of this discussion keeping open eyes on charges.

Kithsiri · 8 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 11:53 am

Kithsiri

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I too feel that they should have a lesser and fixed administrative charge and a fixed surcharge to be included only for the stocks bought on the advises given by them (basing on proper analysis than rumours).

However, they should not be permitted to send a list of stocks and then start surcharging if one or more of them is/are bought.

How about maximum Three (03) recommendations per week?

wiki · 9 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 12:51 pm

wiki

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I think we (from the forum) can send a proposal to next year budget regarding this . As i know gov is asking for proposal for next budget.

dahamsiri · 10 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 5:56 pm

dahamsiri

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"""'"Now many will agree with me with the introduction of the online trading many clients never talk to the BROKER so why pay them any fees.""""
Thanks for your post.
We all have to raise together fight for our rights.

Hiru · 11 Re: HALF PASS SIX INVESTMENT ADVISORS Sat Sep 10, 2011 9:01 pm

Hiru

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I too agree with the reduction of brokerage to a some extent either introducing a fixed fee system or lesser percentage, brokers do some services that we cant do individually and in my eyes, brokers are an extension of CSE and CDS who the work load of CDS and CSE have been delegated to. So, thy deserve decent brokerage, but I believe it should be a figure below the current.