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Plse close your CDS account
mukiha
#11 Posted : Friday, September 18, 2009 2:15:00 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
I think 1.3 million CDSC accounts are a good thing...something to be proud of!!!

It means that Kenyans are investment savvy.

What the NSE boss did not mention is that NSE has only 50-odd listed companies,while JSE has 400+ and Bourse de Paris has ... thousands,I believe...

When there are that many companies to chose from,Wanjiku get's confused and HE naturally moves into a collective scheme.....

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
flipthecoin
#12 Posted : Friday, September 18, 2009 2:54:00 PM
Rank: Member

Joined: 7/3/2007
Posts: 20
Good suggestion which may be beneficial to the masses.The downside is that he hasn't together with other players at the bourse tackled the real issues - ignorance,failed intermediaries and the fiasco that is safcon.with many still equating nse with the devil that is defined by the myriad problems,he can keeping ranting till the cows come calling with the advice drawing a blank.

Circumstance does not make the man; it reveals him to himself............... 'James Allen'
Mainat
#13 Posted : Friday, September 18, 2009 6:49:00 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
I think this is typical NSE head in the sand mentality when things are not going well i.e. volumes are anaemic.
The issue of too many cds accounts (and there are not bcos one broker in the Uk has that many retail investors on its own) can be resolved by technology and save the brokers costs on staff


www.mjengakenya.blogspot.com
Sehemu ndio nyumba
VituVingiSana
#14 Posted : Sunday, September 20, 2009 11:24:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@mainat: the commission structure discourages trading

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
The Real Shaft
#15 Posted : Tuesday, September 22, 2009 12:09:00 PM
Rank: Veteran

Joined: 11/19/2008
Posts: 839
it is like...

building a dam to collect water......

when it collects and about to burst....

you start blaming the water...

claiming that the water is too much ....... where do we get off...???




I'm the real Massey F.....shut your mouth
I'm the real Massey Fergu...... Shut your mouth....
FundamentAli
#16 Posted : Wednesday, September 23, 2009 8:47:00 AM
Rank: Veteran

Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
In this era of automation,the more the better. Banks chased away small customers claiming they are expensive some time back only to go back to them begging them to reopen accounts with less strict terms. They discovered even dealing with the big boys can be risky. How can that be with computers and ATM machines? It was not logical. CDSC needs to upgrade its system to take care of as many customers as possible. Cost is not a factor neither the number of staff. They make money by sending us sms on transaction and statement. They need to strengthen their systems and understand the numbers are not the problem but intergrity. Our market is not sophiscated with only 40 or so active counters. It is easy to analyse the stocks on your own. If the bourse had more than 2000 counters,then you need a financial analyist to seive through that kind of information hence the need to invest through an expert.



Baada ya dhiki,faaraja
The General
#17 Posted : Wednesday, September 23, 2009 8:58:00 AM
Rank: Member

Joined: 6/3/2006
Posts: 553
@ Fundamentali,

Well put. To support your comments: Ethics holds key to honest trade at NSE

Interesting comment the Prof made on awards.

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
Hi-Lo
#18 Posted : Wednesday, September 23, 2009 11:26:00 AM
Rank: Member

Joined: 10/5/2007
Posts: 91
@f.ali...u r right...but on technology the NSE is tops...the ATS (made by Sri Lanka Tamil tigers) was implemented at NSE as the gunea pig (untried elsewhere except Colombo SX!!)...but it's turned out a great software that Boston SX implemented recently and London SX is implementing this week...to upgrade from 200,000 to 1m transactions per sec...clearly NSE can handles lots of accounts technically...

Playing the stock market without insider info...is like buying a cow in the moonlight.
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