Sorry this is not an article on ‘How to select a good broker?’ …
One of the kids in training told me she can write well…and since I am not naming her I will also refrain from revealing her age, qualifications, etc. – anyway it makes no sense to you does it?By the time this appears on my blog she would have stopped reading this blog…so the secret remains with me 🙂
So among the topics that I had given her…she choose this topic ‘How to select a good broker’..
The language was too good (according to her I presume) – bombastic I should say! Arduous, exasperating, plethora, multitude, amazing array, trading in indexes (she meant indices, I am sure), principle (she meant principal I think, from the context), ..and this para took the cake:
What to look for when you choose a broker?
Dividend reinvestment plans (DRIPS). These allow you to automatically reinvest dividend into stock, avoiding brokerage fees while building up your shares.
Low commissions Broker commissions vary wildly. Some brokers charge a very high commission, whereas some charge less. Low/high commissions alone don’t tell the whole story—companies with low commissions may charge hidden fees, while those with high commissions offer other perks that make up for the high trade price—but they should be one of the first things you consider in selecting an online broker.
1. What is wrong with these paras? Well in India there is no broker/banker combination who can track your dividend and buy shares against that
2. In India brokers charge ‘brokerage’ not commissions.
3. Our contracts are very detailed…so there are no ‘hidden’ charges, but yes one has to look out for some other things!
OK…where did she get words like ‘stock’ , ‘drip’ etc….?
well heard of cut, copy n paste? – well that is what happened! If i had asked another kid to run it by Google it would have been possible to know from where …
i took the easier way out..told her ‘Darling will not use your articles, and please do not write any more’ – she is still not sure why.
I give feedback ONLY to people I want to see improved, not to everybody!!
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