Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-06-17 08:01 | Report Abuse

10 year treasury yield today is 3.2%

Posted by ahbah > 2022-06-17 09:47 | Report Abuse

I could see clearly 3i is now a greedy, hungri n vicious bear in the mkt, looking for his meals !

Posted by ahbah > 2022-06-17 10:00 | Report Abuse

Even my best fren is not able to protect me from the gridi bear now !

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-07-07 16:09 | Report Abuse

Sound investment principles produced generally sound investment results.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-07-07 17:30 | Report Abuse

General trading: anticipating moves in the market as a whole.

Selective trading: picking out stocks which will do better than the market in the short term.

Benjamin Graham warned what NOT to do. He did not consider that either general trading or selective trading has any place in investment practice. Both of them are essentiallly *speculative* in character because they depend for success not only on the ability to foretell specifically what is going to happen, but on the ability also to do this more cleverly than a host of competitors in the field.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-07-07 17:42 | Report Abuse

The real money in investing will have to be made - as most of it has been in the past - not out of buying and selling, but out of OWNING AND HOLDING securities, receiving interest and dividends, and benefiting from their long-term increase in value.


The above statement is very true indeed.

Posted by ahbah > 2022-07-08 11:48 | Report Abuse

But mani gardeners throw out the flowers n keep the weeds in our garden ?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-07-14 07:46 | Report Abuse

Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favourable business conditions.

The purchasers view the current good earnings as equivalent to 'earning power' and assume that prosperity is synonymous with safety.


Benjamin Graham

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-08-05 13:03 | Report Abuse

Margin of Safety

The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-15 11:43 | Report Abuse

http://myinvestingnotes.blogspot.com/p/philosophy.html

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-15 11:44 | Report Abuse

http ://myinvestingnotes. blogspot.com/p/philosophy.html

My investing philosophy

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-15 12:38 | Report Abuse

My 18 points guide to Successfully compounding your money in Stocks

1. Be a good stock picker.
2. Think as a business owner.
3. Always look at value rather than the price. Do the homework.
4. Buy and hold is alright for selected stocks.
5. Compounding is your friend, get this to work the magic for you.
6. Mr. Market is there to be taken advantage of. Do not be the sucker instead. BFS;STS.
7. Always buy a lot when the price is low. Doing so locks in a higher potential return and minimise the potential loss. But then, if you have confidence in your stock picking, you would have picked a winner - it is only how much return it will deliver over time.
8. Never buy when the stock is overpriced. Not observing this rule will result in loss in your investing. This strategy is critical as it protects against loss.
9. It is alright to buy when the selected stock is at a fair price.
10. Phasing in or dollar cost averaging is safe for such stocks during a downtrend, unless the the price is still obviously too high.
11. Do not time the market for such or any stocks. Timing can increase returns and similarly harms the returns from your investment. It is impossible to predict the short term volatility of the stock, therefore, it is better to bet on the long-term business prospect of the company which is more predictable.
12. By keeping to the above strategy, the returns will be delivered through the growth of the company's business.
13. So, when do you sell the stock? Almost never, as long as the fundamentals remain sound and the future prospects intact.
14. The downside risk is protected through only buying when the price is low or fairly priced. Therefore, when the price is trending downwards and when it is obviously below intrinsic value, do not harm your portfolio by selling to "protect your gains" or "to minimise your loss." Instead, you should be brave and courageous (this can be very difficult for those not properly wired) to add more to your portfolio through dollar cost averaging or phasing in your new purchases. This strategy is very safe for selected high quality stocks as long as you are confident and know your valuation. It has the same effect of averaging down the cost of your purchase price. However, unlike selling your shares to do so, buying more below intrinsic value ensures that your money will always be invested to capture the long term returns offered by the business of the selected stock.
15. Tactical dynamic asset allocation or rebalancing based on valuation can be employed but this sounds easier than is practical, except in extreme market situations. Tactical dynamic asset allocation or rebalancing involves selling at the right price and buying at the right price based on valuation. Assuming you can get your buying and your selling correct 80% of the time;, to get both of them right for a profitable transaction is only slightly better than chance (80% x 80% = 64%). Except for the extremes of the market, for most (perhaps, almost all of the time), for such stocks, it is better to stay invested (buy, hold, accumulate more) for the long haul.
16. Sell urgently when the company business fundamental has deteriorated irreversibly. (Reminder: Transmile)
17. You may also wish to sell should the growth of the company has obviously slowed and you can reinvest into another company with greater growth potential of similar quality. However, unlike point 14, you can do so leisurely.
18. In conclusion, a critical key to successful investing is in your stock picking ability. To be able to do so, you will need to acquire the following skills:
To formulate an investing philosophy and strategy suitable for your investing time horizon, risk tolerance profile and investment objectives.
The knowledge to value the business of the company.
The discipline to always focus on value.
The willingness to do your homework diligently.
A good grasp of behavioural finance to understand your internal and external responses to the price fluctuations of the stock in the stock market.
A good rational thinking regarding the risks (dangers) and rewards (opportunities) generated by the price fluctuations of the stock in the stock market.


Is it not true, that the really big fortunes from common stocks have been garnered by those
who made a substantial commitment in the early years of a company in whose future they had great confidence and
who held their original shares unwaveringly while they increased 10-fold or 100-fold or more in value?

The answer is "Yes."

Posted by i3lurker > 2022-12-15 18:15 | Report Abuse

keep up the good work
keep fit by exercising more

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-17 13:40 | Report Abuse

From The Essays of Warren Buffett: “In Theory of Investment Value, written over 50 years ago, John Burr Williams set forth the equation for value, which we condense here: The value of any stock, bond or business today is determined by the cash inflows and outflows—discounted at an appropriate interest rate—that can be expected to occur during the lifetime of the asset.”

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-21 10:20 | Report Abuse

Warren Buffett Is More Important Now Than Ever

KEY POINTS

A bear market is an excellent time to invest in the stock market.

Invest in businesses with some type of competitive advantage.

A long-term mindset helps correct for the natural volatility of the stock market.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-21 12:18 | Report Abuse

http://myinvestingnotes.blogspot.com/2022/12/how-and-why-do-companies-pay-dividends.html

How and Why Do Companies Pay Dividends?

Posted by ahbah > 2022-12-21 12:38 | Report Abuse

Bcos dividends no tell lies like those fun stocks that tells lies n interesting stories to entertain the fun players ?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-21 22:22 | Report Abuse

Berkshire Hathaway looks for companies with a good profit margin and those that produce unique products that can’t easily be substituted. As Warren Buffett once said in a letter to his shareholders, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-23 06:15 | Report Abuse

Top 5 lessons from the book “The intelligent investor”

1.The most important lesson from "The Intelligent Investor" is the concept of "margin of safety," which suggests that investors should only buy securities when they are trading at a significant discount to their intrinsic value. This helps to protect against potential losses if the security's value decreases.

2.Another key lesson is the importance of diversification. Rather than putting all of your eggs in one basket, the book recommends spreading your investments across a variety of different assets to reduce the overall risk of your portfolio.

3.The book also emphasizes the need for long-term thinking when it comes to investing. Rather than trying to make a quick profit, the book suggests taking a more measured approach and holding onto investments for the long term.

4.In addition, "The Intelligent Investor" emphasizes the importance of regularly reviewing and rebalancing your portfolio to ensure that it remains in line with your investment goals and risk tolerance.

5.Finally, the book advocates for the use of a professional financial advisor to help guide investment decisions. This can be particularly helpful for those who are new to investing or who may not have the time or expertise to manage their own investments.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 14:36 | Report Abuse

Selling is the hardest part:

- Since valuation is imperfect, knowing what price to sell at is also imperfect.
- “There is only one valid rule for selling: all investments are for sale at the right price.”
- Should be based on underlying value, alternative opportunities, liquidity.


“Returns must always be examined in the context of risk.”

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 14:56 | Report Abuse

How do value investors deal with the analytical necessity to predict the unpredictable?

The only answer is conservatism. Since all projections are subject to error, optimistic ones tend to place investors on a precarious limb. Virtually everything must go right, or losses may be sustained. Conservative forecasts can be more easily met or even exceeded.

Investors are well advised to make only conservative projections and then invest only at a substantial discount from the valuations derived therefrom.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:01 | Report Abuse

A closed-end fund or other company that owns only marketable securities should be valued by the stock market method; no other makes sense.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:02 | Report Abuse

For every business that cannot be valued, there are many others that can. Investors who confine themselves to what they know, as difficult as that may be, have a considerable advantage over everyone else.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:04 | Report Abuse

While a great many methods of business valuation exist, there are only three that I find useful.

1. The first is an analysis of going-concern value, known as net present value (NPV) analysis. NPV is the discounted value of all future cash flows that a business is expected to generate.

2. The second method of business valuation analyzes liquidation value, the expected proceeds if a company were to be dismantled and the assets sold off.

3. The third method of valuation, stock market value, is an estimate of the price at which a company, or its subsidiaries considered separately, would trade in the stock market. Less reliable than the other two, this method is only occasionally useful as a yardstick of value.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:06 | Report Abuse

At times when interest rates are unusually low, however, investors are likely to find very high multiples being applied to share prices.

Investors who pay these high multiples are dependent on interest rates remaining low, but no one can be certain that they will. This means that when interest rates are unusually low, investors should be particularly reluctant to commit capital to long-term holdings unless outstanding opportunities become available, with a preference for either holding cash or investing in short-term holdings that quickly return cash for possible redeployment when available returns are more attractive.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:07 | Report Abuse

Net present value would be most applicable, for example, in valuing a high-return business with stable cash flows such as a consumer-products company; its liquidation value would be far too low.

Similarly, a business with regulated rates of return on assets such as a utility might best be valued using NPV analysis.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:08 | Report Abuse

Liquidation analysis is probably the most appropriate method for valuing an unprofitable business whose stock trades well below book value.

A closed-end fund or other company that owns only marketable securities should be valued by the stock market method; no other makes sense.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:11 | Report Abuse

An analysis of cash flow would better capture the true economics of a business.

Nonrecurring gains can boost earnings to unsustainable levels, and should be ignored by investors.

An analysis of cash flow would better capture the true economics of a business. By contrast, nonrecurring gains can boost earnings to unsustainable levels, and should be ignored by investors.

What something cost in the past is not necessarily a good measure of its value today.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:14 | Report Abuse

Value investing encompasses a number of specialized investment niches that can be divided into three categories securities selling at a discount to :
- breakup or liquidation value,
- rate-of-return situations, and
- asset-conversion opportunities.

A bargain should be inspected and re-inspected for possible flaws.

Value investing by its very nature is contrarian

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:17 | Report Abuse

Out-of-favor securities may be undervalued; popular securities almost never are.

What the herd is buying is, by definition, in favor. Securities in favor have already been bid up in price on the basis of optimistic expectations and are unlikely to represent good value that has been overlooked.

Since they are acting against the crowd, contrarians are almost always initially wrong and likely for a time to suffer paper losses. By contrast, members of the herd are nearly always right for a period.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:18 | Report Abuse

Information generally follows the well-known 80/20 rule: the first 80 percent of the available information is gathered in the first 20 percent of the time spent. The value of in-depth fundamental analysis is subject to diminishing marginal returns.

The time other investors spend delving into the last unanswered detail may cost them the chance to buy in at prices so low that they offer a margin of safety despite the incomplete information.

The presence of a catalyst serves to reduce risk. If the gap between price and underlying value is likely to be closed quickly, the probability of losing money due to market fluctuations or adverse business developments is reduced.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:19 | Report Abuse

Companies get into financial trouble for at least one of three reasons:
- operating problems,
- legal problems, and/or
- financial problems.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:25 | Report Abuse

PORTFOLIO MANAGEMENT

An investor’s portfolio management responsibilities include
- maintaining appropriate diversification,
- making hedging decisions, and
- managing portfolio cash flow and liquidity.

All investors must come to terms with the relentless continuity of the investment process.
Although specific investments have a beginning and an end, portfolio management goes on forever.

Since no investor is infallible and no investment is perfect, there is considerable merit in being able to change one’s mind.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:26 | Report Abuse

When investors do not demand compensation for bearing illiquidity, they almost always come to regret it.

Because the opportunity cost of illiquidity is high, no investment portfolio should be completely illiquid either.

Most portfolios should maintain a balance, opting for greater illiquidity when the market compensates investors well for bearing it.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:27 | Report Abuse

MANAGING LIQUIDITY

When your portfolio is completely in cash, there is no risk of loss. There is also, however, no possibility of earning a high return.

Investing is in some ways an endless process of managing liquidity.

When the securities in a portfolio frequently turn into cash, the investor is constantly challenged to put that cash to work, seeking out the best values available.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:30 | Report Abuse

PRUDENT DIVERSIFICATION

Even relatively safe investments entail some probability, however small, of downside risk. The deleterious effects of such improbable events can best be mitigated through prudent diversification.

The number of securities that should be owned to reduce portfolio risk to an acceptable level is not great; as few as ten to fifteen different holdings usually suffice.

The number of securities that should be owned to reduce portfolio risk to an acceptable level is not great; as few as ten to fifteen different holdings usually suffice.

My view is that an investor is better off knowing a lot about a few investments than knowing only a little about each of a great many holdings.

The fact is that a diverse portfolio of overpriced, subordinated securities, about each of which the investor knows relatively little, is highly risky.

Diversification, after all, is not how many different things you own, but how different the things you do own are in the risks they entail.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:33 | Report Abuse

APPROPRIATE REACTION TO PRICE FLUCTUATIONS

There is nothing inherent in a security or business that alone makes it an attractive investment. Investment opportunity is a function of price, which is established in the marketplace.

The *single most crucial factor in trading* is developing the appropriate reaction to price fluctuations

In my view, investors should usually refrain from purchasing a “full position” (the maximum dollar commitment they intend to make) in a given security all at once. Those who fail to heed this advice may be compelled to watch a subsequent price decline helplessly, with no buying power in reserve. Buying a partial position leaves reserves that permit investors to “average down,” lowering their average cost per share, if prices decline.

There is only one valid rule for selling: all investments are for sale at the right price.

Decisions to sell, like decisions to buy, must be based upon underlying business value.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 15:33 | Report Abuse

ONLY ONE VALID RULE FOR SELLING: ALL INVESTMENTS ARE FOR SALE AT THE RIGHT PRICE

There is only one valid rule for selling: all investments are for sale at the right price.

Decisions to sell, like decisions to buy, must be based upon underlying business value.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 16:22 | Report Abuse

While most other investors are preoccupied with how much money they can make and not at all with how much they may lose, value investors focus on risk as well as return.

Risk and return must, however, be assessed independently for every investment.

It is only when investors shun high-risk investments, thereby depressing their prices, that an incremental return can be earned which more than fully compensates for the risk incurred.

By itself risk does not create incremental return; only price can accomplish that.

Unlike return, however, risk is no more quantifiable at the end of an investment than it was at its beginning.

Risk simply cannot be described by a single number. There are only a few things investors can do to counteract risk:
- diversify adequately,
- hedge when appropriate, and
- invest with a margin of safety.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 16:25 | Report Abuse

OPPORTUNITY COST

The trick of successful investors is to sell when they want to, not when they have to.

Investors who may need to sell should not own marketable securities other than U.S. Treasury bills. If what you hold is illiquid or unmarketable, the opportunity cost increases further.

The most important determinant of whether investors will incur opportunity cost is whether or not part of their portfolios is held in *cash. *

Maintaining moderate cash balances or owning securities that periodically throw off appreciable cash is likely to reduce the number of foregone opportunities.

Another way to limit opportunity cost is through *hedging.* A hedge is an investment that is expected to move in a direction opposite to that of another holding so as to cushion any price decline. If the hedge becomes valuable, it can be sold, providing funds to take advantage of newly created opportunities.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 16:41 | Report Abuse

Once you choose to venture beyond U.S. Treasury bills, whatever you do with your money carries some risk. Don't think you can avoid making a choice; inertia is also a decision.

It took a long time to accumulate whatever wealth you have; your financial wellbeing is definitely not something to trifle with. For this reason, I recommend that you adopt a value-investment philosophy and either find an investment professional with a record of value-investment success or commit the requisite time and attention to investing on your own.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-25 16:44 | Report Abuse

Although specific investments have a beginning and an end, portfolio management goes on forever.

An investor's portfolio management responsibilities include maintaining appropriate diversification, making hedging decisions, and managing portfolio cash flow and liquidity.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-26 22:09 | Report Abuse

Decisions to sell, like decisions to buy, must be based upon underlying *business value*. Exactly *when to sell – or buy* – depends on the *alternative opportunities* that are available.

Should you hold for partial or complete value realization, for example?

- It would be *foolish to hold out for an extra fraction of a point of gain in a stock selling *just below underlying value* when the market offers *many bargains*.

- By contrast, you would not want to sell a stock at a gain (and pay taxes on it) if it were still *significantly undervalued* and if there were *no better bargains available*.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-26 22:14 | Report Abuse

Liquidity considerations are also important in the decision to sell.

For many securities the *depth of the market as well as the *quoted price is an important consideration.

You cannot sell, after all, in the absence of a willing buyer; the likely presence of a buyer must therefore be a factor in the decision to sell.

As the president of a small firm specializing in trading illiquid over the-counter (pink-sheet) stocks once told me: “You have to feed the birdies when they are hungry."

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-26 22:16 | Report Abuse

If selling still seems difficult for investors who follow a value investment philosophy, I offer the following rhetorical questions:

- If you haven’t bought based upon underlying value, how do you decide when to sell?
- If you are speculating in securities trading above underlying value, when do you take a profit or cut your losses?
- Do you have any guide other than “how they are acting,” which is really no guide at all?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-26 22:21 | Report Abuse

Selling: The Hardest Decision of All

Many investors are able to spot a bargain but have a harder time knowing when to sell. One reason is the difficulty of knowing precisely what an investment is worth.

An investor buys with a range of value in mind at a price that provides a considerable margin of safety. As the market price appreciates, however, that safety margin decreases; the potential return diminishes and the downside risk increases.

Not knowing the exact value of the investment, it is understandable that an investor cannot be as confident in the sell decision as he or she was in the purchase decision.


To deal with the difficulty of knowing when to sell, some investors create rules for selling based on specific price-to-book value or price-to-earnings multiples. Others have rules based
on percentage gain thresholds; once they have made X percent, they sell. Still others set sale price targets at the time of purchase, as if nothing that took place in the interim could influence the decision to sell. *None of these rules makes good sense. *

Indeed, there is only one valid rule for selling: *all investments are for sale at the right price.*

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-26 22:24 | Report Abuse

STOP-LOSS ORDERS

Some investors place stop-loss orders to sell securities at specific prices, usually marginally below their cost.

If prices rise, the orders are not executed. If the prices decline a bit, presumably on the way to a steeper fall, the stop-loss orders are executed.

Although this strategy may seem an effective way to limit downside risk, it is, in fact, *crazy.
Instead of taking advantage of market dips to increase one’s holdings, a user of this technique acts as if the market knows the merits of a particular investment better than he or she does.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-26 22:29 | Report Abuse

PORTFOLIO MANAGEMENT AND TRADING

While individual personalities and goals can influence one’s trading and portfolio management techniques to some degree, sound buying and selling strategies, appropriate diversification, and prudent hedging are of importance to all investors.

Of course, good portfolio management and trading are of no use when pursuing an inappropriate investment philosophy; they are of maximum value when employed in conjunction with a value-investment approach.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-12-26 22:33 | Report Abuse

CHOOSING THE RIGHT BROKER

Use a Broker to Whom You Are Important

Whether buying or selling, there are distinct advantages to finding and doing business with long-term-oriented stockbrokers who recognize that it is in their interest to build and maintain mutually beneficial relationships with clients. If customers feel that their best interests are being served and that brokerage commissions are a secondary consideration,
long-term relationships are likely to ensue. By contrast, brokers who charge exorbitant commissions or routinely recommend trades designed more to generate commissions than
investment profits will eventually lose customers. The challenge is to find one or more brokers with whom you feel comfortable.

An appropriate broker will possess a balance of experience and desire, a commitment to the investment business, and a willingness to sacrifice immediate commissions for the sake of
long-term relationships. You want a broker with sufficient clout within his or her firm to provide you with access to analysts and traders, one with experience to handle your account
properly and to know when to call you and when not to waste your time.

You don’t want a totally inexperienced broker who is learning at your expense, a complacent broker satisfied with mediocre results, or one so successful that your account is relatively
unimportant. Michael Price and Bill Ruane would have no problem capturing the undivided attention of any broker; they would be very important clients for anyone. Other investors
must work harder to find one or more brokers to whom they will be important clients.

One possibility is to develop a relationship with a fairly young but capable broker to whom
your account is currently very important and one who will gain importance and clout within the firm over time.

Posted by stockraider > 2022-12-27 17:50 | Report Abuse

Do not waste time loh!

Just select the cheapest broker loh!

Since We DIY loh!