Forum Archive Index - July 2001

["i_claudius" <i_claudius@xtra.co.nz>]

Personally I find them very useful provided you know what you want from them
and treat their advice accordingly.
I have relationships with several as well as on-line trading capabilities in
Aus & US.
My brokers give me trading capability on any bourse in the world,t+3
settlement and currency conversion.
I value their research if not their recommendations.Information & knowledge
are what you're buying.I'll quite happily use their research for on-line
trades offshore.Never trust their recommendations.
I find they can offer benefits beyond on-line brokers:
-Market Depth (seeing as the moribund NZSE won't wake up)
-Flexibilty eg In Eddisons recent buy up of CEN I noticed many posters here
didn't know how to access the offer.Also through my broker I was able to
distribute my holding over multiple entities at the cap of 5000 each and
sell them all.(Yup I know today's price).
-They'll advise me when a major fund is operating in respect of particular
shares.
-I usually appreciate a 2nd opinion on my trades.
-My brokers have been told to bring bread to my table.Why should I do all
the work as well as take the risks?Hence they call me to pitch specific
trading opportunities.(I don't follow them all slavishly..but I like the
ideas being offerred up).
+++ get taken to rugby and sporting events!!

And for all this I pay them some commission.It's worth it.Anything you get
for free is usually worth exactly what you paid for it.

DF Mainland made some bad calls.Don't we all?
I do not trade with DF Mainland.I am not a member of the broking fraternity.
Ave


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.