Why we hate our broker

hunter · 1 Why we hate our broker Sun Jun 19, 2011 8:24 am

hunter

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Join date : 2011-04-27

In order to get access to the stock market, we have to go through a stock broker. It's a must.
But most of the retailers I have talk to hate their broker as an 'investment adviser'. (Myself is not an exception).
Why???

Do brokers (I mean their advisers) are dumb? Or do they talk nonsense? OR do they like us to loose? Do they have evil minds to exploit us? Are they dishonest?
There could be exceptions, but in my view most of them can not be that evil.
Then why do we hate them?

My answer is misunderstanding. Misreading.

See.. There are only about 20 odd brokers. There are thousands of investors.
We do not try understanding them, at the same time they do not understand us.

Like I said some other day..
anyone can give or find a reason to sell/buy or not to sell/buy.
Some broker (person) may be thinking of 10 years ahead and recommend while another person may consider 10hours ahead and recommend a share.

We need to find the adviser suits to our requirement.

Two persons can 'look' at the same thing but they might 'see' different things. The stock market is also a 'thing'... You may have seen that famous picture; if you were thinking of a young girl, you would see a girls picture; if you were thinking of an old lady, you would see an old lady..

Different people 'look' at the same market but they 'see' different markets!
That is human nature. All of us are human. So is the market.

aladdin · 2 Re: Why we hate our broker Sun Jun 19, 2011 8:52 am

aladdin

Senior Manager - Equity Analytics

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I would say not all the brokering advisers are so pathetic. Majority of them go behind the big fish since they get lot of private profits from them. Some big fish go up to t he extent of giving these advisers holiday trips to overseas also. So these advisers do not care a shit about the sprats. Thats the thing happening most of the time. Also even they help us or not, still they get the commission from each and every transaction we do online.

Seriously i was sooo pissed off with my adviser and complained the CEO of the brokering firm. After that the adviser came behind me begging to call CEO back and tell that he/she applogised back will help back in the future. But i said the letter "F" word and hanged up.

But there are some great firms who will really safe guard ur money. You have to tell them your target and the long run months that you can hold the money. Then they will smartly invest the money and take u to the target.

Example you deposit 20 laks and you need 25 laks in one years time. So when you tell your target they will tell you whether its possible or not. If possible they will ensure it. But those brokering firms and advisers are very rare. But believe me still there is a few.