Do not rely on the so called brokerage reports... Just use them for information! Focusing on stock fundamentals. Your decision should be based on your investment horizon. If you intend to hold a stock for a long period, you should not bother much about the broker's ratings. Usually, brokerages give buy, hold and sell or outperform and under-perform ratings and a target price for 6-18 months. While the view is for a specified period, it can be altered in the the event of a big change affecting the company. Remember, your stockbroker would starve to death if you adopt buy and hold strategy! No matter who you are dealing with (especially i3 investor forum), remember to consider motives of any person sitting across the table from you. Virtually everyone has their own agenda. Charlie Munger once said, "Never underestimate the power of incentives", and be aware of the potential conflicts of interest between broker reports and their corporate clients.
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2022-12-17 13:17 | Report Abuse
Do not rely on the so called brokerage reports... Just use them for information! Focusing on stock fundamentals.
Your decision should be based on your investment horizon. If you intend to hold a stock for a long period, you should not bother much about the broker's ratings. Usually, brokerages give buy, hold and sell or outperform and under-perform ratings and a target price for 6-18 months. While the view is for a specified period, it can be altered in the the event of a big change affecting the company. Remember, your stockbroker would starve to death if you adopt buy and hold strategy!
No matter who you are dealing with (especially i3 investor forum), remember to consider motives of any person sitting across the table from you. Virtually everyone has their own agenda.
Charlie Munger once said, "Never underestimate the power of incentives", and be aware of the potential conflicts of interest between broker reports and their corporate clients.