guru267 wrote:VituVingiSana wrote:@kaufman - I think the minimum to open an account is 500k (might be higher now)
what kind of lunacy is that?? looks like they only want serious players... aren't they losing out to the other guys... whats the minimum entry for D&B.?? i have a younger cousin who wants to join them but only has 10k??
They are smart. Why service the 10,000/- jamaa when for little more resources you can better service the 500k jamaa...? 50x the commission without spending 50x the resources?
Their offices were never over-crowded. You can talk to dealers & staff. Market segmentation just like Equity and I&M Bank. I buy Equity shares but my main bank is I&M Bank. Why? I dont have time to stand in line at an ATM or branch.
Kestrel provides research. All the brokers who provide research want customers who can afford to 'pay' for the service!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett