This is terrible!

Kasun Kalhara wrote:I informed my investment adviser to buy some stocks including bopl stocks, and he said that it is done! But when I check my account there are no stocks in it also they shows my complete buying power! What is the reason for that???? I'm fed up with this and this is the third time it happened with me! So much frustration to my head! Do you have any Idea about the reason???

npp wrote:

Kasun Kalhara wrote:
You got it You got it! I was behaving like an idiot! Thanks pal I was already in that system! yaaaaaaaaaaaaaaahhoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo! but there are some things i don't know! What are the "Disclosed Quantity" "Tif Days" "Min Fill" "Time In Force" ??????????

well for a start, don't worry about them.
what you have to do when buying is enter a quantity and the maximum price that you would like to pay for it.
if no sell orders are there for that price, then your order will go to the order book and will wait till someone sells at that price. This is the 'limit' option
alternatively you can buy for whatever lowest ask price at that time. (market price)

mark wrote:

Kasun Kalhara wrote:I informed my investment adviser to buy some stocks including bopl stocks, and he said that it is done! But when I check my account there are no stocks in it also they shows my complete buying power! What is the reason for that???? I'm fed up with this and this is the third time it happened with me! So much frustration to my head! Do you have any Idea about the reason???

when i was new-when i told my advisor to buy or sell,he tells me the ask price and bid price,then normally i tell him to put orders at current ask price or current bid price,then i'm sure the trade was done.........but there was times i send the e-mail stating the placing price,so at such times he send me a e-mail whenever orders filled....

your broker may put orders at different prices and orders may not filled....
*i ddn't contact my advisor via phone more than one or two times,afterwards i sent him an e-mail,until i got the system........

Antonym wrote:There are stockbroking firms that give wrong advice and take advantage of small investors like you and me - as in the example above. I believe it would be a good idea to name (and shame) such brokers on public forums like this one.

Naming such 'bad' brokers would achieve 2 things:
1. It would caution other investors against them and
2. Make the brokers improve their services - hopefully.

What do you think?

smallville wrote:As Mark pointed out, keeping a clean bill with broker is a wise move.. We never know that we might need the advisors support someday.. If ur applying for right issues, etc.. we need his support..

So its better u talk to him once in awhile and ask him what are the good shares and even ask him whether some of ur shares are good and stuff like that..
Call after 3.0 p.m. for these kinda things and maintain a healthy relationship..

Gaja wrote:

Yes i agree with you that we should maintain a healthy relationship with the brokers, because sometimes they have much more information than we are having it may be due to their own research team or due to contacts etc, but here the issue is 3 times the broker failed to entertain the client, sometimes when i requested my broker to buy particular share at particular price, but if he is not happy with the price i stated he will call back and say due to these reasons he is not happy with the share i mentioned or the price i quoted and whether i want to stick to the order if yes he will put it.

Yes after trading hours was the best time to speak to him

mark wrote:malli.................you just finished your ALs in last year(2010)?,r8........
so you may have base knowledge about CSE,
YOU JUST START THE JOURNEY

you have a good forum who don't ask fees to register,you can ask any question without any hesitation,but when i was enter i ddn't had that option,..i got many knowledge from my self studies..
it's all about experience and knowledge..

it seems you messed up with your advisor,but try to build a good connection with your advisor...... personally i'm very happy with my broker,he is a reliable person.......

good luck to you..hope you to be a great investor in future...........

wiki wrote:@ Kasunkalhara

I dont think that online trading is a big deal for you, it is bit more than using this forum..

I wonder why these "investment advisors" are so negligence... this is their job. small investor can be a big player in future..

to be honest i haven't make any profit on his recommended share so far, but i have made decent profit what i selected and bought (Thanks to srilankaquity and investnow.lk )

smallville wrote:As Mark pointed out, keeping a clean bill with broker is a wise move.. We never know that we might need the advisors support someday.. If ur applying for right issues, etc.. we need his support..

So its better u talk to him once in awhile and ask him what are the good shares and even ask him whether some of ur shares are good and stuff like that..
Call after 3.0 p.m. for these kinda things and maintain a healthy relationship..

Kasun Kalhara wrote:

mark wrote:malli.................you just finished your ALs in last year(2010)?,r8........
so you may have base knowledge about CSE,
YOU JUST START THE JOURNEY

you have a good forum who don't ask fees to register,you can ask any question without any hesitation,but when i was enter i ddn't had that option,..i got many knowledge from my self studies..
it's all about experience and knowledge..

it seems you messed up with your advisor,but try to build a good connection with your advisor...... personally i'm very happy with my broker,he is a reliable person.......

good luck to you..hope you to be a great investor in future...........

Awe thank you for those advices! It made my mind a big relief from the frustration that was having last few weeks! And how do you know that I finished my A/Ls last year???? I mean is that from my information?? Well thanks for those valuable words.