WHERE the broker is without fear and the client is always told to BUY
Where neither trading nor recommendations are free,
Where the world is broken into cash and F&O
By narrow sales calls
Where reports are printed in a herd fashion
Where tired analysts are stretched beyond perfection
Where no clear reason ever finds its way
Into the hype and hoopla of teji-mandi ka daily habit
Where the poor investor is led astray
Into ever-conflicting thought and action
Into that heaven of chaos, we welcome you, dear investor.
The markets are soaring and sooner or later the retail participation will see a swift rise. Small retail investors will come with their hard earned money and dollar dreams to most of these brokers. The above poem is not only a lament on the tide of affairs where most of these investors are fed momentum stocks and F&O which are deadly in the long run.
The poem just highlights the background of how and what your broker (usually)recommends so that the small investor makes a better call.
However,though the above is fairly common, I know a few brokers who are different and very sincere & ethical in recommending clients.