Bogleheads.org

I doubt if your home country has WARRANTS for sale. At Hong Kong, warrants are big business. Today's data: total turnover 178.72 billions HKD (1 USD ~ 7.8 HKD pegged), of which 22.85%, i.e. 40.83 billions HKD are warrants' turnover. Hong Kong's warrant market ranks No 1 globally in terms of turnover, followed by Germany and Italy.

Warrants at Hong Kong are traded in the usual Hong Kong Stock Exchange, no need another exchange such as CBOE I mean. The warrants issuers are the men-in-the-middle who also act as the market makers.

These warrants issuers employ the prettiest women, with the sweetest voice, of Hong Kong to sell warrants. Your colleagues are simply superior!

Warrants issuers at Hong Kong
France group
Societe Generale, English version http://hk.warrants.com/en/home_e.cgi
BNP Paribas, English version http://www.bnpwarrant.com/en/home_e.cgi
Credit Agricole, English version http://www.warrantshk.com/eng/index.asp
Credit Suisse
Credit Lyonnais

Germany group
Deutsche Bank, English version http://www.dbwarrants.com.hk/EN/showpage.asp?pageid=29

Belgium group
KBC, (no English version) http://www.kbcwarrants.com.hk/kbcweb/wl ... ?locale=en

Switzerland group
UBS bank, English version http://keyinvest.ibb.ubs.com/ki/hk/en/hkmain.ki

Holland group
ABN AMRO, English version http://ask.abnamro.com/ABN/index.do?locale=en

Australia group
Macquarie, English version http://www.warrants.com.hk/Home/tabid/3 ... fault.aspx

Great Britain group
HSBC bank, http://www.warrants.hsbc.com.hk/eng/index.asp

United States group
Goldman Sachs, (no English version) http://www.gswarrants.com.hk/gs/index.html
Citigroup, English version https://www.citiwarrants.com.hk/EN/trad ... ?pageid=36
Merrill Lynch
Morgan Stanley
JP Morgan Chase

Chinese group (are late comers but they finally learn it and participate)
Bank of China International, English version available http://warrants.bocionline.com/BOCI/BOC ... language=E

Does your home country has warrants for sale? Recently bull-bear warrants are hot. Something called ELI equity linked notes (c.f. sell a put option) are always popular, and there are other so-called structured products as well.

These things are being advertised as GOOD things, high risk though. Do you need these "financial instruments" in your investment exercise? Why not use options?

Shall you or shall you encourage your sons/daughters to study financial engineering and become a member of a team of warrants issuer? High paid indeed!

Hong Kong is NO. 1 globally. Feel jealous? Why not come and find your fortune here!

Yours affectionately,
660ky612 from Hong Kong

PS. How to analyse these warrants product? Any substitute goods? Is it a fair game? The profit margin? Is it essential for the operation of the market from the point of view of clients or users? Is it good to the society?

I think we're being spammed.

pjstack wrote:I think we're being spammed.

I think it's more likely a language problem.

660ky612, what is the point of this post? And how much of it was copied from somewhere else?

Alex Frakt wrote:

pjstack wrote:I think we're being spammed.

I think it's more likely a language problem.

660ky612, what is the point of this post?

PS. How to analyse these warrants product? Any substitute goods? Is it a fair game? The profit margin? Is it essential for the operation of the market from the point of view of clients or users? Is it good to the society?

You know in the USA, mutual funds have been analysed by various academics. But at Hong Kong, the results still remain a secret to the general public (think of WHY, ladies and gentlemen). I noticed something about mutual funds because I used books of BODIE or BREALEY in a course of Finance (think of the general public or even a non-finance University graduate). And only after spending the whole summer, I know more, including a (more) robust solution to the problem of investment.

Warrants are far more complicated things, and in addition, because of some political reasons, I guess these GOOD stuffs will remain GOOD forever here in Hong Kong. This is not the way to go, however - from the standpoint of an ordinary human being.

Alex Frakt wrote:And how much of it was copied from somewhere else?

99.9% written by me.

660ky612 from Hong Kong

My stupid(er I mean incredibly brilliant warrant phase) came after the 73 - 74 market meltdown - getting 'in' on the ground floor in the US(I think I read a dang 'book' the title of which escapes me now).

Bogle came out with 500index - availible to our 401k around 1977.

I quietly unloaded the last of my warrants around 1980 or so - didn't do a lot of bragging around the water cooler with the boys when stock talk was in session. Another wrong way brain phart of my checkered past.

Your mileage may vary.

heh heh heh - usually I conviently don't remember my warrant investing escapades.

Ladies and Gentlemen, your participation please!

Gauß

There once was a young man named Lawrence
Who said "Mom, I'm playing with warrants!"
She said, "No, you aren't!
Those things are abhorent!"
And soon had him crying in torrents.

nisiprius wrote:There once was a young man named Lawrence
Who said "Mom, I'm playing with warrants!"
She said, "No, you aren't!
Those things are abhorent!"
And soon had him crying in torrents.

:lol: :roll:

I think its a language issue as well. Always good to hear from hong kong 660ky612 : ) He writes english better than I do any foreign language.

I have heard warrant mentioned as an aside, but never read anything about them really. Here is wiki's warrant page for those in the dark like me.

A warrant is much like a call option, one difference (there are many) is time

wiki wrote:"A warrant's lifetime is measured in years (as long as 15 years), while options are typically measured in months. Even LEAPS (long-term equity anticipation securities), the longest stock options available, tend to expire in two or three years. "

Cheers,

LH

Does anyone else think Gauss and 660ky612 are the same person?
cheers
grok