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Brokers to avoid
Lyra
#11 Posted : Thursday, September 03, 2009 12:35:00 PM
Rank: Member

Joined: 2/25/2009
Posts: 56
The seat value went up when the banks started diversifying into the stock market,the seat had been valued at 50 million in 2004 - 2005 when the cartel started its formation. The best way to judge the value of a firm....... (this is my interpretation) is by accessing how a broker settles the clients sells and other brokers,you can get valuable info from a mole (insider) in CFC Stanbic (this is where the brokers settle out each other). When a brokers cheques start getting unpaid please take your money and run....... or transfer your shares to a better broker. Integrity of the directors or people at the helm of the institution also matters alot. Since people talk,make friends with a few people at your broker and you may just happen to hear a comment that will spin your head into reasoning so hard.

'Do all the good you can,by all the means you can,in all the ways you can,
in all the places you can,to all the people you can,as long as ever you can'.
John Wesley
English Preacher (1703-1791)
'Do all the good you can,by all the means you can,in all the ways you can,
in all the places you can,to all the people you can,as long as ever you can'.
John Wesley
English Preacher (1703-1791)
Kusadikika
#12 Posted : Thursday, September 03, 2009 3:52:00 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
Over the years brokers have not been run as businesses but as channels for money for the owners and that is why many have no assets of their own even after being in business for so long.

CAN ANYONE TELL ME ONE BROKER OR INVESTMENT BANK THAT OPERATES FROM THEIR OWN PREMISES? They are all renters even the ones with so called 'equity' running into billions. In the case of collapse these firms can in one day disappear into thin air.

That is why the only broker/Investment bank I will trust is one associated with a bank. I am in no position to know the owners and assess their integrity but I have faith in the thoroughness of CBK to ensure banks are secure.

Weusi wa nywele za mshtakiwa zaonyesha ujinga alio nao
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