Off Topic - Brokerage for US stock options
Hi All,
Sorry for posting off topic, but there is no "living in HK" thread.
I posted this in the Bangkok forum, but thought it may be better in the HK section.
Expats working in Asia, particularly Thailand, I believe, often keep their meney in a bank account with HSBC or such in HK or Singapore.
And it seems there are quite a few people do stock trading from Thailand.
Who would be a good firm to have a brokerage account with? specifically if I want to trade US options such as covered calls online from Thailand? I can use US Fidelity from Bangkok, but will have to remit money back into the US.
From their website, HSBC HK has an investment account, but it looks mainly for trading stocks only. In the US, I can open an account with Fidelity.
If I work in Thailand and get paid there and park my money in HK or Sing, I would like to buy US stock and try to sell some covered calls. (US stocks because I am familiar with Microsoft and Yahoo and such, but nothing to limit me to the US market, just I don't know anything about Europe or HK or China or Thailand...)
Thanks
fly
PS. I found interactivebrokers.com, will take a look to see what they offer. Would appreciate comments if anyone has experience with them.
Coming to Hong Kong.......
Hi all,
I am coming Hong Kong soon. I am staying at the panda hotel and metropark at Causeway Bay.
Could you give me some info on where to go and what is the going rate. and info that could help me when i go for action.
thank you
What is the right price in Wanchai
Prices is a difficult topic. Having lived in HK a while here is my take on it.
Most girls want to get HK$1, 500 for all night (long time, usually in your hotel). Some will ask for up to HK$2, 500 but few will refuse HK$1, 500. As it gets later, if they like you, if it is slow, if they are less than prime, they will accept $1, 000.
Some girls look for short time, usually in a short time hotel on Lockhart Road (note their rates also change depending on time of day ranging from about HK$100-300 for 2-3 hours). Most girls really want HK$1, 000. If you offer this and stick to it you will probably get it, and they will be happy after (ask for your phone number, look for you next time, etc.) If it is really slow, she is not prime, it is morning or they think you are local, they might accept HK$500, but they are not likely to be happy (won’t give you phone, or won’t answer when you call).
You can see beautiful, especially Thai, girls who seem to be there all night alone, and paying for their own drinks (note that the bar charges the girls much less for drinks when they buy their own than they do guys even for their own drinks. If a girl buys her own drink it costs I think HK$20/beer). If you go several nights in a row you might notice the same girl drinking the same drink, chatting with her friends, and never with a guy. For some girls it just works, for some it does not. Some also seem to have their pride and would rather go broke than negotiate.
I struck up a conversation with one of these Thai girls. Tall, beautiful face, hair, breasts. Yummy. She said she did not know why guys did not seem to like her. Eventually I left. The next day I saw her and her friends in Bridge. We chatted for a while and at the 10am closing she asked if I wanted to go with her friends to play pool, which I agreed. We went to Joe’s and spend the morning playing. Everyone paid his own way and it was a blast. At the end I walked them to their boarding house, but made no move. I saw her again a few nights later, still alone in Neptune. I asked her to join me at Dusk till Dawn, and we had a great time. After I told her that I really wanted to make love, but that I did not like turning our relationship commercial. She said it was not important. I could have either played dumb and tried not paying her, gone short time and offered her something after or warned her upfront what I would pay. We all know these girls are there for work, so not paying something is pretty dishonest. I told her I would give her $1, 000, as an exception. She said it was totally up to me. So off we went. We spent the night, at the end I gave her $1, 000 and I think that was the first really money she had made. I have to say she was really, really great in bed. In the next weeks I showed her other bars (Laguna in the afternoon, Fenwick – which I hate, LKF and more). We would occasionally meet and if we fucked I would slip her $1, 000. Then the games began. I would leave her to work in Neptune so she can make some money, then she would get hurt that I was not attentive to her. So I guess I became her easiest and most reliable money. Next she had to leave HK because they would not extend her visa, and she could not afford to pay her boarding house. I gave her an extra $1, 000. Then, surprise, she got her visa extended. Then she had to go and did not have money for the flight. Then she really, really needed a bit more as she had not made any money in HK and would have to pay her rent back in BKK. Then when she got home her dad was sick, and she needed more. So in the end, and I have now stopped communicating with her, the price was $1, 000 but soon I felt that I had adopted her and was slipping additional amounts and increasing my average cost. Hell, I did not want a girl friend.
What is the moral of the story? Dammed if I know. I have seen some girls so good that they can sell 20 drinks in a night (of those ridiculous tequila rock and rolls at Fenwick – never mind sweetie, here is my ATM card), and that is all they do; no fucking. I have seen beautiful girls go night after night and get nowhere (as far as I can see) and go home broke. (And seen some of those come back to HK a few months later.) Because I live here I am not in a hurry or in need of scoring on any given night, so if there is someone l want I usually offer HK$500, and take it or leave it. There are even some who don’t ask for money and really mean it.
Note that Filipinas come with 14 day visas and then try to extend by going to Shenzhen or Macao, hoping to get another 14 days when they return. It is more difficult lately with China refusing border visas and the HK authorities giving regular 14 day entries less often. The Thai girls get a month, and then do the same. (Most Indonesian girls seem to be domestic helpers out for some extra cash or looking for boy friend, mostly Laguna or Makati Saturday and Sunday) This cycle drives the new faces and also the economics as when they get close to visa expiry they are more flexible.
Bottom Line: $1, 000-$1, 500 over night $500-$1, 000 short time
Be careful about paying so little that she is mad, she will not be a great fuck. (and if you are not sure, if she does not give you her phone after, she thinks you are cheap Charlie and is mad, but she needed something) If you are local or she thinks you will be regular, you can pay less and she will still be happy.
Don’t get tricked into becoming her boyfriend, unless of course that is what you want. It will increase your average cost.
Forget Russians, Colombians, Africans. They are exotics here and know it. Filipinas for true love, Thais for awesome sex and Indonesians for, well, both. On the other hand, if you all offerd $500 the girls would start accepting it more often, and save me a fortune. But I digress.
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