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I need a new broker
mBiaLoss
#1 Posted : Friday, June 25, 2010 10:12:46 AM
Rank: New-farer


Joined: 6/23/2010
Posts: 52
Location: Majuu
Wazuans..sorry I keep on coming back but am new here. Am totally disapointed with my broker D&B. Not replied to any of my emails for like 3 weeks and they sitting on my 75K that I need to invest. I need to change the broker but am not sure who is better. Better in terms that I need just fast execution of orders and prompt reply of emails because am in the diaspora. Any advice or recomendations?
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
sheep
#2 Posted : Friday, June 25, 2010 10:51:44 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
I know that feeling of despair and desperation...most local "indigenous" mburokas are just wakoras in suits,they just care about your cheque nothing more.

I have dealt with 6 different brokers and found Africa Alliance and Genghis to be satisfactory for online orders...lakini not excellent atleast they try.

The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
ogutuwalwanga
#3 Posted : Friday, June 25, 2010 11:12:23 AM
Rank: Member


Joined: 3/25/2007
Posts: 55

Take my advice and you will sleep soundly as far buying and selling of shares is concerned when you are in the diasphora.First open and account with EB,transfer you holding to them and get started simple.All done under one roof if you need some help let me know
The Merchant
#4 Posted : Friday, June 25, 2010 11:40:43 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
Drummond Investment Bank....Very fast with quick response to emails. Love them.
qw25041985
#5 Posted : Friday, June 25, 2010 11:57:10 AM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
Suntra or faida investment bank. They ar 'small ' enough. To care for your needs. They even give periodic market recommendations after every few weeks. And ad rather you called than email . Most emails may even get lost in the spam folder, thus never get answered.
Your future depends on your dreams so go to sleep !
Surfinsio
#6 Posted : Friday, June 25, 2010 1:15:32 PM
Rank: New-farer


Joined: 6/22/2010
Posts: 4
Location: Nairobi
I have used 4 brokers over years and find that Genghis Capital to be the best so far. You can trade online and you get sms and email alerts when your trade has been executed. They execute orders on the day the order is made and the customer service is also good.
the deal
#7 Posted : Friday, June 25, 2010 1:56:59 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
D&B are bullshit...i'm also looking for a new broker...how can a cheaque of 50K take 3 weeks to process...
The Merchant
#8 Posted : Friday, June 25, 2010 2:10:09 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
Nobody should ever use D&B . Rather not trade/invest. They are an embarassment to the investment banking business. Really.
ProverB
#9 Posted : Friday, June 25, 2010 2:34:47 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
WAAAAAAARRRRRRRTTTTTTT!!!! eti I have to pay a whole freeking non refundable kshs 5000/- in order to have a CDS account with DYER AND BLAIR..Sad


Why oh why did i think this place wise to come to? Now that a lunch hour wasted!d'oh!

NKT!!
..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
The Merchant
#10 Posted : Friday, June 25, 2010 2:53:58 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
ProverB wrote:
WAAAAAAARRRRRRRTTTTTTT!!!! eti I have to pay a whole freeking non refundable kshs 5000/- in order to have a CDS account with DYER AND BLAIR..Sad


Why oh why did i think this place wise to come to? Now that a lunch hour wasted!d'oh!

NKT!!


See what I mean. Nobody should ever step into D&B . They are dangerous. I have no idea what racket they are running there. Its a shame, I always thought Jimnah Mbaru was a professional.
guru267
#11 Posted : Friday, June 25, 2010 5:10:22 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
ProverB wrote:
WAAAAAAARRRRRRRTTTTTTT!!!! eti I have to pay a whole freeking non refundable kshs 5000/- in order to have a CDS account with DYER AND BLAIR..Sad


Why oh why did i think this place wise to come to? Now that a lunch hour wasted!d'oh!

NKT!!



@ProverB how come i wasnt told that when i joined??? i only put in my investment money and that was it...

Maybe you are starting with less than 50k
Mark 12:29
Deuteronomy 4:16
guru267
#12 Posted : Friday, June 25, 2010 5:12:05 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i'm giving D&B half a year to get back their online trading
Mark 12:29
Deuteronomy 4:16
2012
#13 Posted : Friday, June 25, 2010 5:23:05 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
What do you mean? D&B are very competent. I sold some shares yesterday and placed a purchase order today and I can bet you by close of day Monday the new stock will be in my portfolio. They are not accepting orders through email so I suggest you be going to their offices between now and when their online trading is sorted.

BBI will solve it
:)
ProverB
#14 Posted : Friday, June 25, 2010 5:30:17 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
guru267 wrote:
@ProverB how come i wasnt told that when i joined??? i only put in my investment money and that was it...

Maybe you are starting with less than 50k


@Guru..no idea.. but it sucks. anyway. Standard Investment bank is were i've ended up.
I don't care much for brokers though..just need there services to do my thing..n i don't expect much. after all, for all there hustle i do pay transaction fee which apparently they share with cma, cdcs n nse.
maybe the 5k is a new way of getting more from the investors.. its just wrong.
..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
mBiaLoss
#15 Posted : Friday, June 25, 2010 6:03:44 PM
Rank: New-farer


Joined: 6/23/2010
Posts: 52
Location: Majuu
@2012 How can I go to their office when I live in Seattle that is I dont know 7000 or 10000 miles away? I have called them three times and as soon as I say what I want, I swear that lady just hangs up the phone! I really dont care about brokers, I just good speed service, that is all
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
Agra
#16 Posted : Friday, June 25, 2010 11:15:38 PM
Rank: Member


Joined: 4/22/2007
Posts: 96
Location: Agra, India
I am trade with Genghis Capital.My 1st account was with D&B but after the Safaricom I.P.O things have really changed and i was frustated and moved on.Their unrealibility especially with payments was an issue and online trading platform.I moved on never looked back.Things are good here.
It's easy for investors to get emotional and prejudiced when trading, but computers don't
Kaufman
#17 Posted : Sunday, June 27, 2010 4:32:46 AM
Rank: New-farer


Joined: 1/29/2010
Posts: 23
I am loving Kestrel. Brokers are just like mathrees - same.
kyukkamba
#18 Posted : Sunday, June 27, 2010 10:07:53 AM
Rank: Member


Joined: 5/28/2010
Posts: 151
@mBiaLoss

I have been with D&B for a very loooong time now. They r not PERFECT but I find them very ok.I am also outside Kenya. Have been sending my orders thru mail and they r all been executed accordingly. Only last Friday I got one done!

Can u tell us how u place ur orders?

This is how I do it.
1.send mail to shares@dyerandblair.com
2.State clearly in my mail that am outside the country and can not report to their office to place orders.
3.state clearly my order (quoting the exact prices I want)and the period the orders should last for.
4.finish my mail with my name account #, csd acnt#, Nomura accont number and my contacts.

Believe me it never takes more than a week for the order to be done.

mimi apana fanya kazi kwao. I know how it feels when u r outside and can't control ur money. This is just a help just try it might work.
I know time is important when executing orders BUT since u have clearly stated ur prices I dont see u loosing anything even if the order is executed a day or two latter.
Ni Uhuru wa Mbesha...Niguo kana tiguo?
the deal
#19 Posted : Sunday, June 27, 2010 12:06:03 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
So i will be out of Kenya for 3 month and i dont have ctrl over my money,D&B=Bullshit...and those rude unapologetic staff...
Grand
#20 Posted : Sunday, June 27, 2010 11:41:20 PM
Rank: Member


Joined: 1/3/2007
Posts: 23
D&B if full of bull crap, as most company believe the 'customer is the king' they seem to think otherwise. It's almost a year since the online thing went kaput but they don't care! As soon as I am back in kenya i'll be moving out too.For those whose e-mail orders go through waht is the secret?????????
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