Save Brokerage Upto 60% to 90%

Investing, rather than trading with a discount broker.... makes sense?

Discussion in 'Brokers & Trading Platforms' started by teetotaller, Aug 13, 2017.

  1. teetotaller

    teetotaller New Member

    Joined:
    Jun 28, 2016
    Messages:
    26
    Likes Received:
    3
    Trophy Points:
    3
    I'm looking at investing money in small quantities... the idea being to have a portfolio of about 50k to begin with for a year or two while I work at my job... I just started working a few months ago.
    My plan is to "live learn" as I go.

    I'm not looking to trade at all, but invest for long term, and maybe update my portfolio (execute trades) every six months or so.
    But since the capital I have is small, I am looking at a discount broker, namely ZeroDHA.
    I've been told to go to ICICI or Sharekhan or other platforms.

    Can I have everyone's input on this? What are the DISADVANTAGES for a small investor in having a discount broker? The way I see it, I pay low brokerage (other platforms will charge high, which will mean a greater percentage on my small trades), and the AMC is Rs 300 a year.
     
  2. iTrade

    iTrade Active Member

    Joined:
    Jan 16, 2006
    Messages:
    362
    Likes Received:
    232
    Trophy Points:
    43
    I dont see any disadvantages. However, on the same line, one more question from my side for forum members. If one has stock holding in DMAT and if the broker shuts down business for some unknown/known reasons then I hope we do get chance to transfer shares to other broker??? any clue around the process? I know we are protected by SEBI on funds upto 25 lakhs but what about the DMAT holdings?
     
  3. simplebuthard

    simplebuthard Yet to break even !!!

    Joined:
    Jul 24, 2014
    Messages:
    911
    Likes Received:
    1,533
    Trophy Points:
    93
    1. Even daytraders have acct with Zerodha and no disadvantages other than occasional technical glitches on their charts. So go ahead with them as brokerages on investments free.

    2. Brokerages like ICICI will give you calls on intraday basis and positional basis which will distract you from making investments to trading. So avoid them. You will save a lot in brokerage fees too.
     
    sujeet.nd and DayTrader007 like this.
  4. DayTrader007

    DayTrader007 Active Member

    Joined:
    Aug 11, 2015
    Messages:
    94
    Likes Received:
    124
    Trophy Points:
    33
    Location:
    DaLaL Street
    If your Goal is Short Term Investment Go with Discount Brokers.
    If your Goal is Long Term Investment Go with Traditional Brokers.
     
    simplebuthard likes this.
  5. iTrade

    iTrade Active Member

    Joined:
    Jan 16, 2006
    Messages:
    362
    Likes Received:
    232
    Trophy Points:
    43
    Why so? That is the main question asked by this thread originator?
     
  6. DayTrader007

    DayTrader007 Active Member

    Joined:
    Aug 11, 2015
    Messages:
    94
    Likes Received:
    124
    Trophy Points:
    33
    Location:
    DaLaL Street
    Why so..?
    Actually he already know the answer..;)
     

  7. teetotaller

    teetotaller New Member

    Joined:
    Jun 28, 2016
    Messages:
    26
    Likes Received:
    3
    Trophy Points:
    3
    Why exactly? I couldn't find a reason to go with traditional/full service brokers other than quality of customer service.

    You're right though..... I think I had my question already answered in my own head. Just wanted to confirm my ideas from the more experienced members here.
    Thanks guys!
     
  8. DayTrader007

    DayTrader007 Active Member

    Joined:
    Aug 11, 2015
    Messages:
    94
    Likes Received:
    124
    Trophy Points:
    33
    Location:
    DaLaL Street
    Will tell you why exactly but as you said you will update portfolio after every six months. Can you please clarify more.
     
  9. teetotaller

    teetotaller New Member

    Joined:
    Jun 28, 2016
    Messages:
    26
    Likes Received:
    3
    Trophy Points:
    3
    Yes.
    I am looking only to invest and not trade.
    By that I mean I will NEVER be day trading, and trading on short term basis ONLY when absolutely necessary.

    Otherwise, all I want to do is find value stocks/ good investments to protect and grow principal, while hopefully earning some dividends.
     
  10. DayTrader007

    DayTrader007 Active Member

    Joined:
    Aug 11, 2015
    Messages:
    94
    Likes Received:
    124
    Trophy Points:
    33
    Location:
    DaLaL Street
    If the Goal is Long Term and Security/Reliability is more concern Go with Traditional Brokers...Though it will cost you bit more but its OK as your Goal is Long Term.
     
Loading...

Share This Page