Quote:
Originally Posted by Unregistered
US firms hedge their local currency exposure. We generally enjoy the upsized of fluctuations whilst enjoying protection against dollar depreciation. The downside is that Cravath is net of CPF, including employer contributions, which means that $13k per annum disappears into the void of the useless CPF SA and MA. Otherwise, Cravath is absolutely awesome at SG tax rates. I’d say we do better than our NY colleagues due to the tax differential.
The Fx variation is not significant. It’s but a red herring in the grand scheme of things. |
lol sad if you think
CPF is useless. it's really a great tool (to exploit, really) for financial planning if you know what you're doing