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View Full Version : Changing Brokers OR Leaving Warka..


cowpoke
07-03-2009, 08:25 PM
If you have an account with any Broker in Iraq, regardless if it's Warka, Dar alsalam, Karmal, Al-Rabee. ect,...

I would suggest you think about this one thing if you decide to move/change brokers.

First and foremost, SELL OUT/CASH OUT. Slowly/Quietly.

Put in your sell orders and compile your cash position. This will allow for you to make sure that YOUR BOOKS and THEIR BOOKS match.

Also, if you simply bail on them, it gives them the upper hand to simply say that's all you had.

If you SLOWLY and METHODICALLY remove your assets, into a cash position, you stand a better chance of recouping most of your capital.

Make Sense???
Crow
07-03-2009, 09:08 PM
Investing in " frontier" markets ain't easy, very few do it. Your not going to pop in and out, heck, some positions I hold if I sold it would be taken as a insult to the company or bank. This is long term, positioning for the future, this is a whole different ball game, not a trading thing. CROW
Crow
07-03-2009, 09:14 PM
If your in hold positions and see what happens, if not at this point........stay out and leave it to the pros. CROW
Tattoo4u
07-03-2009, 09:54 PM
in a frontier market,

waiting for it to turn into an emerging market

and hoping i am friggin stone cold wealthy and in an established Iraqi market some day! :party:
Wealthy Future
07-03-2009, 10:28 PM
Investing in " frontier" markets ain't easy, very few do it. Your not going to pop in and out, heck, some positions I hold if I sold it would be taken as a insult to the company or bank. This is long term, positioning for the future, this is a whole different ball game, not a trading thing. CROW

Good point Crow I think it would be stupid to just buy and sell for a quick 25k Dinars. One day this ISX could be the best investment we ever did.
lglwzrd
07-03-2009, 11:33 PM
lets talk again in 5 years!!!!
BABYBULL24
07-03-2009, 11:51 PM
Why would you buy thru a proxi when they open up you could buy thru any brokerage house?

lol
Kickabuck
07-04-2009, 12:26 AM
Why would you buy thru a proxi when they open up you could buy thru any brokerage house?

lol

Having an established position is the fundamental key. Once this market opens up to brokerage houses, we're back to a level playing field. As the qualified buyers kick in, this market will SKYROCKET!