FT Opinion Lex

Nestlé serves up a bland vision for consumer conglomerates
Delivering its growth ambition will require the Swiss group to raise marketing investment

https://www.ft.com/content/b6be6aba-c1f7-46...ce-baefd5bdcdd1

Time to dump Nestle stock. There is just so much Milo to drink in this country...

--------------------------

FT Opinion Insight & Comment

Investors need to know when to put down the phone
Smartphone alerts can promote what behaviourists call ‘overtrading’, shredding your returns — and your nerves

by Jonathan Guthrie (3 hours ago)

https://www.ft.com/content/37563989-0e46-4f...27-dd8991a120a2

Never buy insurance in America.

Bloomberg Markets: Backdoor Private Credit Funds Lure Insurance Industry Billions

Rated feeders help insurers ramp up private asset exposure
Yet the vehicles have attracted scrutiny from regulators

https://www.bloomberg.com/news/articles/202...dustry-billions

Said that a long time ago...



They are still being fined to this day haha. FINRA is self-regulated, those fines are just cost of running brokerage business in America... No accountability... Haiz...

Let's hope Hermes won't end up here.

FT Chinese business & finance

China’s cash-strapped shoppers drawn to second-hand luxury items
Price-conscious buyers hunt for deals while others seek goods that can hold value in times of uncertainty

https://www.ft.com/content/4ba69bac-b314-4b...b1-f566bfacd7a8

Let me tell you a secret bro. You should never trust your broker's calculated P&L.

Instead, you should ALWAYS create your own Excel spreadsheet and record the transactions/returns on your own.

Brokers design the P&L display in such a way to encourage you to trade more often, and often unnecessarily...

In fact, it's the total return that matters, as you have observed with the case on BIL ETF.

---------------------------------

So, for your answer, yes. Dividend is not counted as unrealized profit just for one day, i.e., the ex-date. IBKR used to deduce the correct dividend amount to be paid and deduct that figure from the daily P&L during ex-date, but in recent months I notice they purposely pretend to be a little more stupid and display unnecessarily large unrealized loses to scare investors.

Maybe just some IT issue, but always have your own records in hand to countercheck yea.

--------------------------------------

Off-topic: I passed my qualifying exam liao. Monthly salary goes up by 500 SGD!

Damn good reads...

Bloomberg Opinion

by Matt Levine, Columnist

https://www.bloomberg.com/opinion/articles/...d=homepage-asia

I wished...