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Should CDSC claim more commission from your transactions

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mozenrat		#21 Posted : Wednesday, September 15, 2010 12:39:24 PM
Rank: Veteran Joined: 5/18/2008 Posts: 796		VituVingiSana wrote: The CMA is a bloody hog... They do jackshit... The commission rates are too high! They need to find alternate channels or charge clients who want paper statements! I get e-mails which are almost 'free' vs those who get paper statements... I thought CDSC and CMA are two separate entities... I think CDSC does a decent job except for their website where the statements are never upto date.. Maybe CDSC should be getting the 0.12% and CMA the 0.06%.
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VituVingiSana		#22 Posted : Wednesday, September 15, 2010 1:01:55 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi		mozenrat wrote: VituVingiSana wrote: The CMA is a bloody hog... They do jackshit... The commission rates are too high! They need to find alternate channels or charge clients who want paper statements! I get e-mails which are almost 'free' vs those who get paper statements... I thought CDSC and CMA are two separate entities... I think CDSC does a decent job except for their website where the statements are never upto date.. Maybe CDSC should be getting the 0.12% and CMA the 0.06%. LOL... I was answering 3 different questions/comments! CMA: They do jackshit... and gets paid way too much! NSE: The commission rates are too high! CDSC: They need to find alternate channels or charge clients who want paper statements! I get e-mails which are almost 'free' vs those who get paper statements... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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My 2 cents		#23 Posted : Wednesday, September 15, 2010 2:16:55 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,070		2.1%; we pay too much already. In some markets they pay a fixed fee, say $10 per trade. I would be very happy with such an arrangement.
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mozenrat		#24 Posted : Wednesday, September 15, 2010 9:31:58 PM
Rank: Veteran Joined: 5/18/2008 Posts: 796		My 2 cents wrote: 2.1%; we pay too much already. In some markets they pay a fixed fee, say $10 per trade. I would be very happy with such an arrangement. Now this solution I like... after all does it require more effort to click on a button to fulfill a 15 million share purchase deal than it does to fulfill a 200 shillings deal?
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guru267		#25 Posted : Thursday, September 16, 2010 2:01:58 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		VituVingiSana wrote: guru267 wrote: I personally don't mind an increase to say 0.08% because the NSE is one of the only markets i trade in where i don't pay capital gains tax.... I thot Uganda did not have capital gains tax either @vvs why trade on the USE when more than half of its companies are also on the NSE... In africa i only do JSE and NSE... Mark 12:29 Deuteronomy 4:16
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VituVingiSana		#26 Posted : Thursday, September 16, 2010 8:08:50 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi		guru267 wrote: VituVingiSana wrote: guru267 wrote: I personally don't mind an increase to say 0.08% because the NSE is one of the only markets i trade in where i don't pay capital gains tax.... I thot Uganda did not have capital gains tax either @vvs why trade on the USE when more than half of its companies are also on the NSE... In africa i only do JSE and NSE... But the other 50% are not... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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ProverB		#27 Posted : Thursday, September 16, 2010 8:18:57 AM
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander		Is it possible it's strategic placing of cdsc before fully automating nse?.. I doubt that there will be a downward revision of commissions even when the trading platform is fully automated and floated out to public hence cutting need to rely on broker to lodge your transactions. Possibly CDSC is angling for monies falling thro cutting off of brokers from stock trading chain ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16 - 1769 Oxford King James Bible 'Authorized Version
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