Any Tips on negotiating with a Portfolio Manager for hiring his services for investment in stocks?

Question

How r the services of Kotak ? Anyother reliable Agency?

Answer 1

I'd say DON'T use a broker. They always try to take your money. Just look at Goldman Sachs.

Answer 2

Try meeting few stock brokers and collect lots of information. Tabulate it and you will know exactly what u r looking for.



One basic information should be "floor" or "stop loss". Simply put how much money u r prepared to lose out of ur capital. Tell this in very clear cut terms to ur Portfolio Manager.



Another is how much fees u should pay and should there be any share in profits.



These two are most important to reach a decision.



A minor point to discuss is what sectors u wish to be in. Particularly if you are religious minded. Many investors do not wish to be in tobacco or alcohol companies or some such taboo companies. If u have such reservations, tell this to the Portfolio Manager.



If u mean "lots of profits" by "reliable" - sorry but nobody can predict about markets properly and 100% sure shot ways. One can not time the markets always and every time. Please remember this when ever u discuss with ur Portfolio Manager.



Few top class brokers do include Kotak. But then almost all brokerage houses are equal in almost all parameters.



Wish u all the money in ur portfolio soon.

Answer 3

Stay as low as possible on the management fee, but be willing to go high on the incentive fee.



I manage money for a few individuals, and charge 0 management fee. I work on an incentive fee only.



You make profits, I get paid. You break even or lose money, I get nothing until you get profitable.

Answer 4

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