I sold my BIL parking fund today as tomorrow is ex-date. IRR is 2.90% p.a., actual return is 0.09%. So pretty good for USD short-term parking, I think.

Cashflow for reference:

Date	Cashflow	Notes
18 Nov	-91.57*40-0.27 = -3663.07	Bought 40 shares of BIL at 91.57 USD, 0.27 USD commission (I used Very low fee SMART setting)
25 Nov	-91.61-0.35 = -91.96	Accidentally bought 1 extra share of BIL at 0.35 USD commission
30 Nov	+91.68*41-0.37 = +3758.51	Sold all 41 BIL shares at 91.68 USD, 0.37 USD commission (commission is higher because I use normal SMART setting, not the Very low fee option to guarantee sucessful transaction)

Sent more than 5k SGD but still rejected... Looks like DBS don't accept transfers to FD account directly. So, park USD in BIL remains the most viable options for now.

Nice thread and write up even ib stock is doing fairly well in this environment.

TOS I am surprised that you never post IBKR earning results.

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.

eh... long ago i already highlight ibkr good counter woh... haiyah...

Not sure if you guys read Hindenburg Research's article on Adani:

https://hindenburgresearch.com/adani/

Interesting stuff. Surely a must-read for Indian stock investors.

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

Reuters Markets: Europe's luxury stocks have room to rise, but becoming costly

By Lucy Raitano

https://www.reuters.com/markets/europe/euro...tly-2023-01-31/ (No paywall)

Hi.
Does anyone knows what does the acronym CTR% means? I check the portfolioAnalyst under the Performance & Reports tab and I come across the CTR% column but I don't understand what does it measures. Would be grateful for some help here. TQ

Thanks for the explanation. So, it depends on the period I select as well. Makes perfect sense. TQ!

Look for ticker "MC".



Choose the cheapest exchange (usually ECNs like BATS Europe, Turquoise and Chi-X) to complete the trade.

European luxury counters are richly valued in my opinion. Don't fall into the FOMO trap.

Hi guys, if I want to invest in sp500

Which ticker symbol I should buy in ibkr so that I can get most cost and dividend effective way?

FT 130223: https://drive.google.com/file/d/1tHiSeYZ6nh...?usp=share_link

Banks don't work in your interests...



"The McKinseys and the Deloittes have no expertise in the areas that they're advising in." An excellent economist interview. Hopefully country leaders are reading this post.

Hi guys, got question, for typical ibkr account, cannot do day trading right?

I remember read somewhere if buy and sell within 3 days too frequently will get account banned.

Is that correct?

Typically buying 10 units or 1k usd stocks, the fee incurred is how much already? Also selling incurred how much fees?

Ibkr lite - isn't that only available for US based customers?

My derivative course professor just told me Deutsche Bank Wall Street office car park is free-of-charge every weekend. You guys can park your car there if you drive around NYC next time during weekends...

He also said Deutsche Bank Wall Street office is "one of the fanciest" building lol
----Nestle result----

Press release

Financial statements

Slides

Webcast
----Airbus result----

Press release

Financial statements

Slides

Webcast
----Air Liquide result----

Press release

Financial statements (N.A., to be updated)

Slides

Webcast (N.A., to be updated)

This one https://ibkr.info/article/4756
Now they partner with wise. It's slowly rolling out but some user already got the invitation.

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.

awesome news. congrats man...

i was ask to do PhD but decline... I finished my degree in my late twenties so decided to start working... but end up take 1 year backpack/part time across Europe... returned to Malaysia with zero ringgit... awesome budgeting... started everything from scratch... lol...

Just set it up and tested both Wise method myself.

There's a low flat fee so you probably still don't want to send in small amounts.

Method 1 is you indicate to IBKR (and automatically to Wise) you want to send X amount, then you are given a Wise account number to transfer your money from your bank to that account number, Wise handle the rest.

Method 2 is you transfer to IBKR directly from your Wise balance.

Both seems to use fees structure as "Remitting from Wise balance." so expect a base fixed fee of around RM2? or so.

Not bad at all, but as always, check your routes for the amount you are sending, the correct answer is different between 500, 5000, 50000, and 500000.

Financial health of interactive broker.
https://investmentmoats.com/money/how-are-t...banking-crisis/

FT Weekend 01-020423: https://drive.google.com/file/d/1xgwRqYKjCm...?usp=share_link

FT Life & Arts Part 1: https://drive.google.com/file/d/1E1P7ivXbpc...?usp=share_link

FT Life & Arts Part 2: https://drive.google.com/file/d/1k6i91pcXUX...?usp=share_link

FT House & Home: https://drive.google.com/file/d/16JMtfKs1fO...?usp=share_link

FT How to Spend It 010423: https://drive.google.com/file/d/13eAMqTKDI6...?usp=share_link

(2 articles are included: My life with OZEMPIC, for Novo Nordisk/Eli Lily shareholders and an exclusive interview with Marta Ortega Perez, chair of Inditex/owner of Zara)

Enjoy your weekend.

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By the way, for the eagled-eye reader, FT's Malaysia retail price has increased from 11.50 MYR to 12.50 MYR. Even they also succumbed to inflationary pressures in Malaysia...