Hershey, US largest confectionery and no.2 snacking company, reporting Q3 results today premarket: https://www.prnewswire.com/news-releases/he...-301668516.html

Webcast, slides and other information can be found here when updated: https://investors.thehersheycompany.com/en_us/home.html

Hershey's stock has had a stellar run-up this year, rising 20% YTD excluding dividends, bucking the S&P500 downtrend. Big Chocolate seems to stay strong despite multiple headwinds.

That's why must stop writing options and stop buying your favourite techie counters.

Buy NESN then can sleep well every night.

Correct? dwRK

lol

Anyone got issue buying after converting usd to sgd?

Stating not sufficient cash but I have converted the right amount.

👀

O.o, meaning need to wait?

I remember I can Straight away use it after converting lol...

Can't be the case. The money was deducted by the correspondent bank JPM, not IBKR.

Payment requested on 1st December. Value date is 2nd of December. Both date start with a new calendar month. I am aware of the time and date.

I have pulled a ticket to ask IB about correspondent bank charges policy. Will update you guys later.

Hi. Long time didn't hear from you.

This page says free: https://www.dbs.com.sg/personal/support/ban...nd-charges.html
They didn't say anything about correspondent bank charges.

I thought DBS should pay for the corresponding bank-related charges, no?

FT 251122: https://drive.google.com/file/d/15YRXDVcN5i...?usp=share_link



----------------
Pretty much US regulation vs that of UK.

Judging by figures for investor protection if firm fails: Max 500k USD inclusive of 250k USD max cash for SIPC in the US vs 85k GBP for FSCS compensation. 

Judging by history and experience richness: SIPC's 50-year history through multiple crises vs FSCS's 20-year history. Claiming process seems to be easier via SIPC versus FSCS

(Debatable, as it's very subjective, I find the SIPC interface easy and clean, you know where to file for claims and check for status and updates easily. FSCS requires some funny inputs.)

And lastly, you want USD in a crisis, not GBP.

As for tax issues. I don't think there is any substantial changes. If I understand correctly, you pay US estate taxes on your US stocks regardless of whether your holdings are in IB UK or in IB US (up to the stipulated limit of 60k USD for NRA). As for dividend withholding taxes, it is based on your residency, nothing to do with whether you use IB UK or IB US (or Futu SG/Futu HK/Tiger/FSM SG or MY etc.). This is info from dwRK:
Source: https://forum.lowyat.net/index.php?showtopi...#entry102602330

How much are the loses? 

Next time just buy using IBKR... 

Never mind. Through this lesson, now you know what is "Counterparty risk".

Result too stellar liao I didn't include it in my Google Finance watchlist so forgot...

https://gdcdyn.interactivebrokers.com/mkt/g...ngs_Release.pdf

NIM doubled to 2% p.a. and margins are in the 60-70s percent as always.

I find the doubling of NIM quite impressive given that they are offerring 3.83% interest on USD cash accounts.

FT Special Report: Watches & Jewellery

https://drive.google.com/file/d/1m30qTHtTx1...?usp=share_link

The question is did you buy and hold or not 🤦‍♀️

I bought last year during at 50+ and will sell once it reaches 100 and hopefully soon 👏

Looks like dwRK made the right choice of quitting Shell for XOM.

Now in HK, final semester, final year. Gonna graduate from HKUST this June.

Good news to share with you guys. I received an NUS Masters in Financial Engineering offer (no scholarship) and a 4-year NTU Econophysics PhD study scholarship.

My family does not intend to support my study after Bachelor's degree, so I will go for the NTU PhD scholarship. Barring unforeseen circumstances, both NUS/NTU offers will begin this August.

My research topic will be on the "geometrical and topological study of extreme events in the stock markets".

Monthly stipend 2.2k SGD, raised to 2.7k SGD after I defend my thesis in the second year of my PhD study. Monthly expenses will be around 400-500 SGD (200-300 SGD on food, 200-300 SGD for on-campus hostel, assume I am a junior hall fellow). Saving about 2k SGD a month over a 4-year period, upon completion of my PhD can expect to save 80-90k SGD before investment returns/savings interests.

And best of all, you guys will have 4 more years of Business Times to read.

Still not late if you can get the original offer now

Plus the stipend would have went up as compared to before

I too only obtained my degree on my early 30s, just thought about settling down then got lure into wanna earn quick more and go astray~ ended up debt ridden  .

Please don't involve yourself in any quick money scheme, I thought I'm prepared for it, who knows 千算万算最后自己被算. Wasted 1 year and now back to square **minus** one with few more years of loan debt on top of existing debt.

and when that time comes, maybe banks will also remove some of their transfer / remittance / cable fees to meet in middle with wise

Correspondent bank charges for USD inward remittance to CIMB SG is 5 USD, for your info.

Info correct as at Jan 2023.

Source: https://forums.hardwarezone.com.sg/threads/...#post-146677239

Yeah someday I'll test out my HSBC MCA / Premier and also Maybank Premier just to see how thing goes with the banks TT.

One part that irks me until today is the lack of transparency. The classical back and forth between multiple backs on dispute of cable / intermediary bank charges is a classic example

The feeling of getting randomly slapped with additional charges just feels meh (I tested HSBC MCA about 2 years ago, got slapped with $10 or more on cable/intermediary fees )

Cause ACH is only for american bank account. I am not to sure of GIRO though.