advisory company are good or bad?
- Thread starter ankquo
- Start date
:rofl::rofl::rofl:
All advisories are based on win:loose philosophy. They win, the client looses.
Whether the client make profit or not, the advisory will make money in the way of advance subscription. They play safe by incorporating disclaimer at the end of their web site......saying stock trading is risky...and in no way they are responsible for the losses made by the client on their advice.
I donot understand one thing.
The client bears full responsibility without a guaranteed outcome. The advisory bears no responsibility but with a guaranteed advance subscription charges.
===============================================
I have an open challenge for the advisories.
Let them fund my trading account with Rs.2,00,000 and I will add Rs.8,00,000 to the trading account.
Now, let the show start. I will keep trading their calls until first Rs.2,00,000 is evaporated. Once Rs.2,00,000 is evorated, the deal is closed.
In case, their calls make profit, the calculation of profit sharing is as follows :-
Say for example : Rs.1 lakh profit (after deducting brokerage, levies) is made in a month.
Total Profit in a month (minus) 3% of Rs.8,00,000 ie Rs.24,000 (I will withdraw this amount from trading a/c and keep it with me in a separate a/c and it will be entirely mine) = Left out profit.
1,00,000 - 24,000 = 76,000 (Left out profit)
Out of left out profit, it will be shared as follows :-
80% of left out profit, the advisory will take.
I will take only 20% of left out profit.
To continue above example,
The advisory will take 80% of Rs.76,000 ie 60,800.
I will keep 20% of Rs.76,000 ie 15,200.
What a return for advisory!!!!!! A whopping 30% per month on their capital.
My return is just 4.9% per month.
Still I feel it is a Win:Win situation.
No advisory charges......only profit sharing.
Is any body willing? I am ready with Rs.8 lakhs.
All advisories are based on win:loose philosophy. They win, the client looses.
Whether the client make profit or not, the advisory will make money in the way of advance subscription. They play safe by incorporating disclaimer at the end of their web site......saying stock trading is risky...and in no way they are responsible for the losses made by the client on their advice.
I donot understand one thing.
The client bears full responsibility without a guaranteed outcome. The advisory bears no responsibility but with a guaranteed advance subscription charges.
===============================================
I have an open challenge for the advisories.
Let them fund my trading account with Rs.2,00,000 and I will add Rs.8,00,000 to the trading account.
Now, let the show start. I will keep trading their calls until first Rs.2,00,000 is evaporated. Once Rs.2,00,000 is evorated, the deal is closed.
In case, their calls make profit, the calculation of profit sharing is as follows :-
Say for example : Rs.1 lakh profit (after deducting brokerage, levies) is made in a month.
Total Profit in a month (minus) 3% of Rs.8,00,000 ie Rs.24,000 (I will withdraw this amount from trading a/c and keep it with me in a separate a/c and it will be entirely mine) = Left out profit.
1,00,000 - 24,000 = 76,000 (Left out profit)
Out of left out profit, it will be shared as follows :-
80% of left out profit, the advisory will take.
I will take only 20% of left out profit.
To continue above example,
The advisory will take 80% of Rs.76,000 ie 60,800.
I will keep 20% of Rs.76,000 ie 15,200.
What a return for advisory!!!!!! A whopping 30% per month on their capital.
My return is just 4.9% per month.
Still I feel it is a Win:Win situation.
No advisory charges......only profit sharing.
Is any body willing? I am ready with Rs.8 lakhs.
Last edited:
It is not just advisories, the entire industry is full of cheats. 90% of mutual funds are not able to beat the index but they still take the management fees.
I had given money to PMS some years ago. They will not send the quarterly statement, I had to go to their office many times and fight for it because they don't want the client to know that his account is in loss.
Ask for their last year profit and loss statement, they won't show it but they say we made good profit for our clients.
All lies.
I had given money to PMS some years ago. They will not send the quarterly statement, I had to go to their office many times and fight for it because they don't want the client to know that his account is in loss.
Ask for their last year profit and loss statement, they won't show it but they say we made good profit for our clients.
All lies.
Why to blame those cheats and why not blame our own mentality of making quick money in the shortest period of time, in the market.
Can you name a business/profession etc, where there are no cheats. Cheats are everywhere, in every field, it is only we, who have to differentiate between cheats and reals.
FYI, most of the big corporates and big industries are dependent on advisories and consultants firms.
Can you name a business/profession etc, where there are no cheats. Cheats are everywhere, in every field, it is only we, who have to differentiate between cheats and reals.
FYI, most of the big corporates and big industries are dependent on advisories and consultants firms.
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