thanks for that. very insightful thread. I wonder how the OP John is doing now.
thanks for that. very insightful thread. I wonder how the OP John is doing now.
Hi jrkob.
I have no plans to live in HK, ever. I just have these money there. Would it be of any advantages to live in HK investment vise?
With 2 million in the bank account, I would just open an online investment account with the bank and buy a fixed amount of Tracker Fund (stock code 2800) per month until you use up all the 2 million. At current prices, a 2,000 share purchase is slightly less than HKD50,000 and so you will have all your money invested over 40 months.
It's best to diversify your portfolio. I would suggest you look at safe options such as putting some money in Chinese banks in shenzhen (which provide higher interest rate than hong kong obviously.) Also, Forex and Bullion trading is a good option as Chinese stocks have been shattered into pieces.
hahaha, ever heard of forex restrictions. As a foreigner on tourist visa he can change back max 500 US a day. Good luck at China banks
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Owning the property you live in, is often a good idea - It is tax-efficient
But that may not be true when the cycle is wrong.
I do think you should make a thorough study of Long Cycles before you invest in property.
Consider what rising rate might do to property prices