Share broker changing HELP

[Alexb]

All Shares i have purchased through JKH brokers. But their service is very poor. Do i need their consent to appoint new Broker?
Can we have several stock brokers to our CSE account?

 

[girihell]

You can create an account with another broker and ask this new broker to transfer your old shares to your new broker account.
you will have to sign some forms thats all. no need consent from the old broker. but if you have money (or you owe them) in your old broker account then you will have to talk to your old broker.
you can have multiple broker accounts with multiple brokers.

https://www.cse.lk/home/members

most of the guys that are assigned to retail investors like us are not with much knowledge.
so you cant expect much help from those guys. unless you are lucky.
there are two popular investing forums in SL (im not sure if im allowed to publish links here) do a google search ask your questions there.

best thing to do is do our own study.

 

[ruwper]

yes you can have serveral sharebrokers. no need of their consent to transfer exisitng portfolios. you open new account and give your consent to new broker to add your existing portfolio to your new account. they they will get it done.

by the way, does JKH brokers offer their services to individuals? as far as I know they only provide services to institutional clients?

 

[Harshalakshan]

You can create an account with another broker and ask this new broker to transfer your old shares to your new broker account.
you will have to sign some forms thats all. no need consent from the old broker. but if you have money (or you owe them) in your old broker account then you will have to talk to your old broker.
you can have multiple broker accounts with multiple brokers.

https://www.cse.lk/home/members

most of the guys that are assigned to retail investors like us are not with much knowledge.
so you cant expect much help from those guys. unless you are lucky.
there are two popular investing forums in SL (im not sure if im allowed to publish links here) do a google search ask your questions there.

best thing to do is do our own study.

is cse a profitable place to invest ? can you give some tips to start

 

[ruwper]

is cse a profitable place to invest ? can you give some tips to start

Very tricky place to invest bro. you have to find profitable shares and invest, although there is a trend of share prces are going down, few has upside trends too

 

[Harshalakshan]

Very tricky place to invest bro. you have to find profitable shares and invest, although there is a trend of share prces are going down, few has upside trends too

is it,,heard a lot about it.. i kinda know the basics .. looking forward to investing in cse..but haven't found a source to learn about in detail...

how can we learn it ? any good sources ?

any tips for a beginner ?

 

[Alexb]

You can create an account with another broker and ask this new broker to transfer your old shares to your new broker account.
you will have to sign some forms thats all. no need consent from the old broker. but if you have money (or you owe them) in your old broker account then you will have to talk to your old broker.
you can have multiple broker accounts with multiple brokers.

https://www.cse.lk/home/members

most of the guys that are assigned to retail investors like us are not with much knowledge.
so you cant expect much help from those guys. unless you are lucky.
there are two popular investing forums in SL (im not sure if im allowed to publish links here) do a google search ask your questions there.

best thing to do is do our own study.

Thanks alot for your response

 

[girihell]

try these forums, go through old posts specially the ones around 2011 to 2013 where most of the retail investors lost their hard earned money.

https://forum.lankaninvestor.com/

https://srilankaequity.forumotion.com/ (highly manipulative dont trust everything you see, )

 

[ruwper]

is it,,heard a lot about it.. i kinda know the basics .. looking forward to investing in cse..but haven't found a source to learn about in detail...

how can we learn it ? any good sources ?

any tips for a beginner ?

self learning is the best bro, buy some shares from small quatity and monitor their behaviour daily/ hourly basis.........Get a broker who offers online trading facility

other than that you can go through financial analysis and qualitative analysis


financial analysis - every company should upload their P&L balance sheet annualy and quartly. you can refer them and understand profitability of company (eps ad etc)

Qualitative analysis :- information from various sources such as newpapers/ internet/ people and etc.

A good source is forum.srilankaequity.com but dont take what people told their as it is because some promote certain shares to get high price

 

[Alexb]

yes you can have serveral sharebrokers. no need of their consent to transfer exisitng portfolios. you open new account and give your consent to new broker to add your existing portfolio to your new account. they they will get it done.

by the way, does JKH brokers offer their services to individuals? as far as I know they only provide services to institutional clients?

Yes bro
My present broker is jkh. Poor service. May be becoz im an individual client.

In early May there was heavy drop of shares. I called jkh to buy shares as soon as possible at the time. They didn't work. But hnb and other brokers fully functioned those days.

 

[ruwper]

Yes bro
My present broker is jkh. Poor service. May be becoz im an individual client.

In early May there was heavy drop of shares. I called jkh to buy shares as soon as possible at the time. They didn't work. But hnb and other brokers fully functioned those days.

Get a broker who provide you online buying/selling options. so you can deposit money to account do your own buying and selling without waiting for others

 

[Harshalakshan]

self learning is the best bro, buy some shares from small quatity and monitor their behaviour daily/ hourly basis.........Get a broker who offers online trading facility

other than that you can go through financial analysis and qualitative analysis


financial analysis - every company should upload their P&L balance sheet annualy and quartly. you can refer them and understand profitability of company (eps ad etc)

Qualitative analysis :- information from various sources such as newpapers/ internet/ people and etc.

A good source is forum.srilankaequity.com but dont take what people told their as it is because some promote certain shares to get high price

thank you for the headsup...i'm eagerly waiting to start.. thought i must learn it a little well before investing hard earned money ..

 

[rclakmal]

All Shares i have purchased through JKH brokers. But their service is very poor. Do i need their consent to appoint new Broker?
Can we have several stock brokers to our CSE account?

Yes you can multiple CDS account through different brokers.

Didn't you get access to the online system? Then you don't need to reach your broker every time you want to make a trade.

 

[banda065]

try these forums, go through old posts specially the ones around 2011 to 2013 where most of the retail investors lost their hard earned money.

https://forum.lankaninvestor.com/

https://srilankaequity.forumotion.com/ (highly manipulative dont trust everything you see, )

https://www.youtube.com/user/fsamanthika

 

[warwickuni]

Yes you may do as you please . There was no need to seek consent . You can have more than one broker at the same time. Transfer of shares can be done signing of a document as it SDS is your account operated by borker and not the broker's