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Most Reliable stockbroker
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jasonhill
#31 Posted : Sunday, January 23, 2011 12:41:28 PM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
I base it on the fact that brokerage houses exist. They wouldn't exist if they didn't make money. They make money via fees. If someone is doing it, you can do it. I like this dialog. It is good to bring up the barriers and issues, so long as we figure out ways to bring them down.
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drake
#32 Posted : Sunday, January 23, 2011 12:59:26 PM
Rank: Member

Joined: 8/8/2009
Posts: 170
jasonhill wrote:
This is totally unacceptable in financial services and banking to have any systems outage longer than about an hour or two total PER YEAR. I personally built such systems at one of the largest banks in the US, and our Service Level Agreement was 99.999% uptime, and anything less was not tolerated. We ran IBM servers (as well as HP). The hardware is not the issue. It's the implementation and management of the systems that cause such outages.

I guess I know who my first IT consulting prospect will be when I land in Nairobi.


Congratulations! It would seem you have just found your next consulting prospect. Keep this up, and you won't have to buy 'junk bonds'... as earlier contemplated.

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jasonhill
#33 Posted : Sunday, January 23, 2011 1:08:20 PM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
Well remember, Mike Milken made billions of dollars off of junk bonds, so I have much love for junk! I'm sure that in Kenya's large informal economy, that there are quite a few junk-rated (lacking a formal credit rating) investments that have huge returns. I want more junk! As long as I have an hand in the operations.
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drake
#34 Posted : Sunday, January 23, 2011 2:11:21 PM
Rank: Member

Joined: 8/8/2009
Posts: 170
Mike Milken was sentenced to 10 years and barred by the SEC ...but I digress....

@Sarrouniya, the quality of service at your broker (or most places for that matter) is proportional to the size of your portfolio and the frequency of your trades ... along with other "ancillary benefits" that you may from time to time, procure from them ...investing in their in-house funds, discretionary account, buying research, etc.

How much do you plan to invest?
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jasonhill
#35 Posted : Sunday, January 23, 2011 3:25:47 PM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
I would do 10 years in prison standing on my head wearing Gucci pumps and an ankle chain for one-hundred sixty billion shillings, which is what Milken made. But I myself digress. That's two billion dollars. I could build a 400-lane water desalinization plant in Mombasa, the world's largest wind farm in Turkana, a huge Geothermal plant in the Rift Valley, and ten lanes of fiber from the sea to Nairobi, Eldoret, Kisumu, and Nakuru with that kind of money, give it all away to Kenyans for FREE, and still have more money than I could spend in my lifetime from the interest.

Mike Milken is a hero.
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  | | Edit by user: Sunday, January 23, 2011 3:49 PM | Reason: Not specified
DaveM
#36 Posted : Monday, January 24, 2011 5:02:05 AM
Rank: Member

Joined: 6/7/2009
Posts: 18
the original question was "
Who is the best stockbroker in town? In terms of reliability."
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MaichBlack
#37 Posted : Monday, January 24, 2011 8:45:34 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,956
DaveM wrote:
the original question was "
Who is the best stockbroker in town? In terms of reliability."

With Milken's money any broker in town will be reliable! That's the final answer.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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QD
#38 Posted : Monday, January 24, 2011 1:20:48 PM
Rank: Member

Joined: 8/5/2009
Posts: 597
Anyone who may know do afrika investment bank trade online en what is their credibiliy.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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jerry
#39 Posted : Monday, January 24, 2011 3:27:38 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
QD wrote:
Anyone who may know do afrika investment bank trade online en what is their credibiliy.

@QD; Sounds musical! In case you didn't have access to yesters DN, there will be a special article in friday's BD Africa on online trading.
The opposite of courage is not cowardice, it's conformity.
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Agra
#40 Posted : Friday, January 28, 2011 12:32:17 PM
Rank: Member

Joined: 4/22/2007
Posts: 96
Location: Agra, India
http://reut.rs/gOcoQC Its official now according to Watch Dog Genghis Capital is the Best Broker.
It's easy for investors to get emotional and prejudiced when trading, but computers don't
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