u/BlackStork-1

Brokerage/Broker

Hi everyone, so I went to a broker to get my account opened as a first time investor in PSX. We talked some and he shared the requirements for account opening but he kept insisting on buying smaller shares when I wanted to get into ETFs and later on said he has less experience with ETFs. Then he introduced me to another guy in the office who he said is more knowledgeable about ETFs than him but he gave me the basics. The first guy I met at the brokerage said he’d share more details about stocks and ETFs with me later as he told the other guy to send him details regarding ETFs so he can forward me. Now he hasn’t shared anything today despite sending a reminder.

Since I’m new to this market I’d like opinions from everyone. Is this common behaviour from brokers? Do they even share details regarding individual stocks? As he was insistent for me to get into those but I have no experience with individual stocks. Could you all share things I should be on the lookout when choosing a broker/brokerage?

I’d appreciate the opinions, Thanks!

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u/BlackStork-1 — 11 hours ago

Hi everyone, I’m new to stocks and have seen a lot of people getting into it here lately. I’ve decided to get in it as well so I want to start with 1 lac rupees but I don’t which broker to get registered with. There are a lot of them; AKD, Finqalab, Next Capital, Arif Habib, K-Trade and etc. people who have experience with these brokers could you please share your thoughts and which is best in your opinion. I think they charge different percentages on actual profit.

Blue chip companies and ETFs maybe the best option for me since I have basic knowledge but do share any other avenues that I can avail. I’m looking for decent dividends so I don’t know if they allow compounding.

I’ve checked Al Meezan investments for mutual funds and they are mostly growth units. So maybe I can diverse my investment in stock and mutual funds.

What can be a good strategy in your opinions.

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u/BlackStork-1 — 18 days ago