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Portfolio recommendations from Brokers
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S.Mutaga III
#361 Posted : Friday, May 01, 2015 8:17:30 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Am I the only one who has total disregard for stock recommendations by brokers? A conflict of interest at its best. A broker will advise you to buy anything as long as he makes his 2.1%...he does not really care whether you are making or losing money. The only reason I read recommendations is to get any information that may have passed me about a counter...I dont care about their opinions
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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mlennyma
#362 Posted : Friday, May 01, 2015 8:36:45 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
S.Mutaga III wrote:
Am I the only one who has total disregard for stock recommendations by brokers? A conflict of interest at its best. A broker will advise you to buy anything as long as he makes his 2.1%...he does not really care whether you are making or losing money. The only reason I read recommendations is to get any information that may have passed me about a counter...I dont care about their opinions

For new entrants foreign or local, this are useful hints,for old players they only help in comparing your notes.
"Don't let the fear of losing be greater than the excitement of winning."
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Boris Boyka
#363 Posted : Friday, May 01, 2015 9:05:36 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
mlennyma wrote:
S.Mutaga III wrote:
Am I the only one who has total disregard for stock recommendations by brokers? A conflict of interest at its best. A broker will advise you to buy anything as long as he makes his 2.1%...he does not really care whether you are making or losing money. The only reason I read recommendations is to get any information that may have passed me about a counter...I dont care about their opinions

For new entrants foreign or local, this are useful hints,for old players they only help in comparing your notes.

For Total disregard you are alone!!! As @mlenny put it....if their reccomendations are at per with your research then you are swimming together..but if wide apart then adopt yours and disregard them. For example you and them hold same opinion on Kenya Re...how do you explain that? Both if you are wrong ?or who copied who?or you are just prideful and can't imagine the brokers can give a good reccomendation as you do. Point is don't rely fully on brokers reccos.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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S.Mutaga III
#364 Posted : Friday, May 01, 2015 10:24:53 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Boris Boyka wrote:
mlennyma wrote:
S.Mutaga III wrote:
Am I the only one who has total disregard for stock recommendations by brokers? A conflict of interest at its best. A broker will advise you to buy anything as long as he makes his 2.1%...he does not really care whether you are making or losing money. The only reason I read recommendations is to get any information that may have passed me about a counter...I dont care about their opinions

For new entrants foreign or local, this are useful hints,for old players they only help in comparing your notes.

For Total disregard you are alone!!! As @mlenny put it....if their reccomendations are at per with your research then you are swimming together..but if wide apart then adopt yours and disregard them. For example you and them hold same opinion on Kenya Re...how do you explain that? Both if you are wrong ?or who copied who?or you are just prideful and can't imagine the brokers can give a good reccomendation as you do. Point is don't rely fully on brokers reccos.

Check highlighted part. As for the similarities in picks, if we arrive at the same counter, well and good...but I highly endorse independent thinking
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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S.Mutaga III
#365 Posted : Friday, May 01, 2015 10:27:50 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
S.Mutaga III wrote:
Boris Boyka wrote:
mlennyma wrote:
S.Mutaga III wrote:
Am I the only one who has total disregard for stock recommendations by brokers? A conflict of interest at its best. A broker will advise you to buy anything as long as he makes his 2.1%...he does not really care whether you are making or losing money. The only reason I read recommendations is to get any information that may have passed me about a counter...I dont care about their opinions

For new entrants foreign or local, this are useful hints,for old players they only help in comparing your notes.

For Total disregard you are alone!!! As @mlenny put it....if their reccomendations are at per with your research then you are swimming together..but if wide apart then adopt yours and disregard them. For example you and them hold same opinion on Kenya Re...how do you explain that? Both if you are wrong ?or who copied who?or you are just prideful and can't imagine the brokers can give a good reccomendation as you do. Point is don't rely fully on brokers reccos.

Check highlighted part. As for the similarities in picks, if we arrive at the same counter, well and good...but I highly endorse independent thinking

My problem with brokers is that they give long lists of recommendations...some give over 10 counters, which leaves you wondering whether they have your best interest at heart.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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mlennyma
#366 Posted : Friday, May 01, 2015 11:10:56 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
However nowadays I have seen recommendations reduced to appear like personal opinions, when somebody tells you today equity is a risky stock don't buy and tomorrow another tells you equity is a buy.this sharp contrast erodes credibility.
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Friday, May 01, 2015 11:13 PM | Reason: Not specified
xxxxx
#367 Posted : Sunday, May 03, 2015 5:47:13 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
Pesa Nane wrote:
@edwinmukiri
@Gadaffi
@Pedes
@1masha
@Mangs
@mugz

All Added.

@pesanane, please add trishamugerwa@gmail.com

Asante
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enyands
#368 Posted : Sunday, May 03, 2015 9:00:26 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
xxxxx wrote:
Pesa Nane wrote:
@edwinmukiri
@Gadaffi
@Pedes
@1masha
@Mangs
@mugz

All Added.

@pesanane, please add trishamugerwa@gmail.com

Asante

@pesanane why addition
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Pesa Nane
#369 Posted : Sunday, May 03, 2015 9:23:18 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
xxxxx wrote:
Pesa Nane wrote:
@edwinmukiri
@Gadaffi
@Pedes
@1masha
@Mangs
@mugz

All Added.

@pesanane, please add trishamugerwa@gmail.com

Asante


Done. Welcome.
Pesa Nane plans to be shilingi when he grows up.
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derick
#370 Posted : Sunday, May 03, 2015 11:19:50 PM
Rank: Member

Joined: 1/10/2015
Posts: 411
mlennyma wrote:
However nowadays I have seen recommendations reduced to appear like personal opinions, when somebody tells you today equity is a risky stock don't buy and tomorrow another tells you equity is a buy.this sharp contrast erodes credibility.

Do your own research. Brokers will always mislead you.
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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