Thank you, it's a very helpful and well-structured review of the business. Not a likely addition to my portfolio at least at current valuation, but worth putting on the watch list. I also enjoy the product as their customer.
Thank you for the kind words. I agree, at these prices, it likely wouldn't be my first choice either, as I usually aim for a conservatively estimated CAGR of over 10%. However, as you rightly said, they do have a great product and I love their philosophy of technology first!
Interactive Brokers is the best broker for anyone that can’t open an account with some of the bigger brokers in the US. IB is the top broker for members that are not US members in the Finance community I work for.
Thank you! Regarding share dilution, I believe that the increase in shares is largely due to the CEO selling his shares through IBG Holdings LLC. These are secondary sales, which means they don't result in new shares being issued and thus do not cause real dilution. Please let me know if you think I interpreted this one wrong!
Thank you, it's a very helpful and well-structured review of the business. Not a likely addition to my portfolio at least at current valuation, but worth putting on the watch list. I also enjoy the product as their customer.
Thank you for the kind words. I agree, at these prices, it likely wouldn't be my first choice either, as I usually aim for a conservatively estimated CAGR of over 10%. However, as you rightly said, they do have a great product and I love their philosophy of technology first!
Interactive Brokers is the best broker for anyone that can’t open an account with some of the bigger brokers in the US. IB is the top broker for members that are not US members in the Finance community I work for.
Very comprehensive. Nicely done!
Thanks for letting me know. Put quite a lot work into it, so I’m glad you found some value :)
What an excellent analysis. Thank you so much!
Thank you for reading it, I’m glad you like it!
Well researched. Just wondering if you have factored in share dilution in your cagr computation.
Thank you! Regarding share dilution, I believe that the increase in shares is largely due to the CEO selling his shares through IBG Holdings LLC. These are secondary sales, which means they don't result in new shares being issued and thus do not cause real dilution. Please let me know if you think I interpreted this one wrong!
Careful with IBKR. It dropped from being the best international broker for HK stocks, to the worst.
https://jaminvest.substack.com/p/hk-16-broker-availability-lists
Thanks for letting me know!