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Should CDSC claim more commission from your transactions
Surealligator
#1 Posted : Tuesday, September 14, 2010 9:45:32 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
The CDSC has claimed it is running on a negative budget cauze the 0.06% commission it gets is too little especially when the bourse is down.

What I wonder is, if the Scalawags cannot generate resources from the core business they run, shouldn't they get into something else that is easier for them to understand and manage like get into fish trade?

CDSC has great potential in raising cash such as transaction update to customers, penalties to brokers who breach rules and regulations, claim a bigger chunk of the 2.12% we pay NSE, CMA etc.

Am surprised CDSC is still a baby sucking from... When will it be weaned and allowed to let go the safety of regular income from elsewhere.

What I don't want to hear is that the 2.12% will be increased to 3% so that the scalawags can afford to take milk to their young ones at home.

Yes, their services are good, very good indeed but we need someone with a little more brains heading the outfit so that they can develop new streams of business to sustain themselves. Yah, the baby needs a nappy change. Otherwise, it stinks like the piggery.

If they want to encounter the fury of the Mighty Alligator, let them dare increase the commission claims a little bit from my returns.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
VituVingiSana
#2 Posted : Tuesday, September 14, 2010 10:04:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
The CMA is a bloody hog... They do jackshit...

The commission rates are too high! They need to find alternate channels or charge clients who want paper statements! I get e-mails which are almost 'free' vs those who get paper statements...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#3 Posted : Tuesday, September 14, 2010 10:23:10 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
They send my statements everymonth all the way to Windhoek....i must say thats fantastic...but raising commissions it's a hell NO...some markets charge as little as 1.1% as maximum per transaction...
VituVingiSana
#4 Posted : Tuesday, September 14, 2010 10:48:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
the deal wrote:
They send my statements everymonth all the way to Windhoek....i must say thats fantastic...but raising commissions it's a hell NO...some markets charge as little as 1.1% as maximum per transaction...
That's the problem! They send you statements to Windhoek yet I get e-mails... I should be charged less...

The mode of fees is WRONG... Someone who trades 100/- of shares gets the same statement as someone who trades 1,000,000/- yet the latter pays 10,000x the fee!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Wa_ithaka
#5 Posted : Tuesday, September 14, 2010 10:49:19 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
They should do a harambee with goat eating thrown in
The Governor of Nyeri - 2017
Gatheuzi
#6 Posted : Tuesday, September 14, 2010 11:11:07 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Any increase will badly hurt the investors, no wonder you can't trade at the NSE.

Ati they suffer during market downturn, why not downsize during such periods? There is little work anyway during recession.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Insurgent
#7 Posted : Tuesday, September 14, 2010 12:13:16 PM
Rank: User

Joined: 8/6/2010
Posts: 594
Gatheuzi wrote:
Any increase will badly hurt the investors, no wonder you can't trade at the NSE.

Ati they suffer during market downturn, why not downsize during such periods? There is little work anyway during recession.


Actually, we should be allowed to trade over the counter again to avoid these vultures who sow where they have not planted.


"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.

whynow
#8 Posted : Tuesday, September 14, 2010 12:49:12 PM
Rank: New-farer

Joined: 7/19/2010
Posts: 98
Location: Kenya
A classic example of how their revenue leaks is that if they try n send u a transaction update a you dont have airtime at that time it simply fails an that the end of the matter. Even if you load airtime 1 second later the transaction has lapsed.

Am sure if they are innovative enough they can still process such transactions an earn some income.
sheep
#9 Posted : Tuesday, September 14, 2010 1:11:59 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
What if they close shop and thuggery returns in full swing...yaani unaambiwa your account doesn't exist and there's no evidence to prove otherwise.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
kyt
#10 Posted : Tuesday, September 14, 2010 1:45:11 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
@ sheep your thinking is really far fetched.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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