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	<title>The Novice &#187; broker</title>
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	<description>Story about my journey as a novice in investment and money making</description>
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		<title>Don&#8217;t blame your stock brokers</title>
		<link>http://novice.alvinlim.info/2009/06/01/dont-blame-your-stock-brokers/</link>
		<comments>http://novice.alvinlim.info/2009/06/01/dont-blame-your-stock-brokers/#comments</comments>
		<pubDate>Mon, 01 Jun 2009 10:59:41 +0000</pubDate>
		<dc:creator>Alvin Lim</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Stock]]></category>
		<category><![CDATA[broker]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[investing]]></category>

		<guid isPermaLink="false">http://novice.alvinlim.info/?p=385</guid>
		<description><![CDATA[I was in Johor over the weekend and my relatives talked about their experiences with the stock brokers. Few of them have this same stock broker who always told them not to buy this and that. To them, this stock broker is a coward who does not dare to take risks. 1 of them wanted [...]]]></description>
			<content:encoded><![CDATA[<p>I was in Johor over the weekend and my relatives talked about their experiences with the stock brokers. Few of them have this same stock broker who always told them not to buy this and that. To them, this stock broker is a coward who does not dare to take risks. 1 of them wanted to get into KNM but the stock broker told them not to, and they ended up making 20-30 sen less per share. That&#8217;s quite a big &#8220;loss&#8221;, to them.</p>
<p>And then I interrupted.</p>
<p>I said that it is true that this stock broker is a very careful person. But a stock broker is, after all, just a stock broker. He earns if you buy/sell and by telling you not to buy, he ends up not earning anything. But if you insist, you can still buy! Nobody is stopping you from that. The stock broker&#8217;s role here is just to give you his opinions and advice since stock brokers tend to get news faster than us.</p>
<p>To be honest, <strong>I rather not lose 1000 than not earn 1000</strong>. So having a cautious stock broker is always better than having a stock broker who always gives me wrong information.</p>
<p>Also remember that at the end of the day, stock brokers rely on news most of the time. You still need to do your own research before making a buy/sell decision. If you don&#8217;t do that, then don&#8217;t start blaming people <em>(stock brokers)</em> if things don&#8217;t go your way.</p>
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