My first posting after monitor the board for a while. Need your advise on how best to take control of some shares I have invested in our SMSF.
Firstly the reason for the post is I am pissed off with my stock broker here in Adelaide. Over the the last 18 months he has managed to turn $50K into around $22K! With classic stock selection ION, PPX, ABI to name but a few! He also recommended PTD outside of Super which has cost me around $19K. Basically I want shot of them and take control/ownership. What do you think is the best and most convienient on line share trader?
I am looking at Comsec any comments on them? Anyother suggestions. I will proably not want to trade on a daily basis hopefully ride some of the stocks that the brokers have bought back to break even then cash out. I don't want to give them another cent for basically doing nothing.
They don't contact me I am alway the one to ring them. I contacted him on a few occassions recently and suggested that we do some dollar cost averaging on some stocks that he selected that went seriously south and he said we will wait. Had we done what I suggested we would be around $10K better position than we in today.
I wish these broker were more accountable for there actions. What really pisses me off is when I ring him to find out what has happen to yet another of his selections all he comes up with is "well I am holding some more of these stocks" giving you there is someone worse off than yourself! That really burns my butt!! This broker works for one of the largest established broking firms here in Adelaide.
Anyway sorry to vent my sleen. I look forward to any suggestions as to where to from here.