Are you a lobster lover too dwRK?

Are forumers here still funding IBKR despite the strong USD in preparation for some good bargain? Been holding back for a month but missing out on some good buy

Substantial amount and too much is 2 different things 😄

That's what I'm doing, go EUR and back to USD when rates improve, just my believe that USD at this rate is unsustainable.

Just gauging other investors investment strategy, didn't expect to be lectured, everybody's got their own strategies
😄

What I can share is that a rule of thumb in investment is to let currency be a liability rather than tying to speculate on currrency movements. So if it's SP 500 funds, let the currency be USD, if it's Stoxx Europe 600, let the fund be denominated in EUR and so on.

Forex is not something we retail investors can control nor afford to speculate. Of course for larger entities like S-REITs with substantial income from just one country, they typically hegde their future distributions by locking in forward rates in advance.

Don't let the forex blind you until you have forgotten that your main purpose is to invest in the securities and not play around with the currencies.

Of course can do that, in this case the returns you obtain from your EUR shares will be purely due to the stocks return only and no currency movements are involved. But not sure if you can short a currency pair indefinitely or as long as you like to hold the EUR stocks.

The "shorting" part involves tehnical nuances here, as compared to just convert USD to EUR first then buy directly in EUR. In the "short" case it also depends on whether the broker wants to continuously lend you the EUR to short.

Technically, the complexity of the trade also increases. Convert USD to EUR settles one trade, the position is close. Then use EUR cash to buy EUR stock, you are just left with 1 long position in EUR stocks. But in your "short" EUR example, you end up with 2 positions 1 long and 1 short at the same time.

Not to mention that it can be tempting to start tying to profit from the still-open forex position after some time or when the stocks return are not good.

You seem to have done researches in this company. Kudos to you for the effort.

I check their latest annual report, 20201's 10-K: https://ir.logitech.com/financial-info/annu...ts/default.aspx

Basically US and Germany account for half of total sales, about 35% and 15%, respectively. Manufacturing-wise half in its own factory in China, the other half outsourced to contract manufacturers in Asia too.

They focus on IT peripherals, but I don't see sustained recurrent business income stream in this sector. Most of us will just use a keyboard and mouse (or just a mouse if you already have a laptop). And chances are your keyboard and mouse can last a few years before you change them. So you don't have a recurrent revenue stream like the printer industry (e.g. Canon) or the medical diagnostic industry (Roche diagnostic division, Thermofisher Scientific etc.) where you need new toner, inks and test kits for each use and trial.

The only feasible (and pretty immoral) way of increasing revenue is to make your products spoil more easily. (I notice my mouse can last only 3-5 years these days, then the left-button no longer functions, compared to the old ones... Or maybe I didn't use it correctly.  )

And seriously, the higher margin products will come from the gaming stuffs which are irrelevant to most daily users. The addressable market isn't large too as it's very difficult to convince a non-gamer to use all these high-end mouse and keyboards. My laptop built-in speakers are good enough for a 2-hour movie or Youtube videos and musics. Why do I need an extra set of speakers?

Branding side, I agree Logitech has some branding power here. But you don't see its ads on TVs every now and then, and since you will only replace your mouse and keyboard once every 5 years, you will have forgotten about this brand if a cheaper white-label mouse and keyboard brand comes right before you. Even if you can recall this brand, Logitech, I don't see much premium the company can earn over its customer when there are so many cheaper white-labels off the shelves, more so if the consumer knows 50% of the company's products are manufactured by other OEMs in the first place (i.e. no different from the other white-label mouse and keyboards except for the presence of the Logitech brand sticker on the products).

Of course, just my 2 cents.

Exactly bro!! I have 2 logitech mouse:
1. I've been using this MX518(?) since UNI like... 2010 or so?
2. G400s, I think I bought it before 2016 GST implementation (that's when I got my PC)
Both mouse look old af with logitech sticker already corroded by my sweaty palms over the years, but the clicks and scrolls are still good. I was also a raging gamer 10 years ago and they survived my slams. On the other hand, I got a hand-me-down Razer, I spoiled the left click within a year(?) or heavy usage *shrugs*

I love logitech because of that, but it's exactly because they last so long, I can't see how they're that profitable Just wondering if I should invest in them just because I'd like them to stay around and like, I do believe in their products as a user.

Disney caught in a culture war between Pride and prejudice.

You are not worried about the Disney+? Trades like streaming stocks these days, high correlation with Netflix's price movement.

dwRK

MARKETS: HEARD ON THE STREET

Big Oil Has a New Unknown: Taxes

New U.K. ‘energy profits levy’ shows how easily policy can be usurped by politics, bringing more unpredictability to the energy transition

https://www.wsj.com/articles/big-oil-has-a-...share_permalink

Ha2 ya, just thought look see and survey, I dont see many here looking at Japanese exchange so a little curious. Thanks 

I haven't looked into detailed analysis yet. But Japan Inc. is a different beast. Corporate Japan's culture is different from US or Europe.

I usually take cue from ASNB/PNB. I mentioned a few counters to dwRK last time, here is the full list of ASNB's Japanese counters, arranged from largest to smallest (as % of total NAV)

ASM 1 as of 31st March 2021: Kao, Unicharm, Hoya, Fanuc, Murata Manufacturing, Daiwa House Industry, TDK Corp, M3, Astellas Pharma

ASM 2 as of 31st August 2021: Fast Retailling, Kao, Fanuc, Shin-Etsu Chemical, Murata Manufacturing, M3, Daiwa House Industry

ASM 3 as of 31st September 2021: Fanuc, Fast Retalling, M3, Shin-Etsu Chemical, Nidec, Nintendo, Hoya, Daiwa House Industry, Kao

You should be able to get something from here.

How does IBKR handles dividend?

It will be in the brokerage account on dividend date or need some time to do so?

Mine is SReits

👀

The cash will be inside IBKR account right or it will be cashed out to our bank account? Sorry I am new to this.

dwRK
The Big Read: Walt Disney Co

Anyone using Webull? Latest promotion is deposit 2k sgd + 6 trades to get 1 Microsoft share.

0 fees for time being for US stocks due to promotion period.

The FAQ seems gooding also since they charge 0 for currency exchange. Cannot deposit using Wise though.. Must deposit via SG bank:
https://www.webull.com.sg/help

The market will price in the 30% WHT.... so it's factored in anyway.

Uhmm...

Institutional investors surely have to price in the WHT right if they can count how much dividends needed to be withheld and the required dividend yields/returns from the stock in question, in an efficient market, that is. No?

Fair enough. So if this is the case, we foreign investor need to add our own "discounts" to include dividend WHT tax when deciding on the right price to invest in the counters.

Thanks for info.