Posted by
jarrah
18 yrs ago
I'd say to invest it in offshore property. There are great deals to be had on discounted b-t-l property in the UK at the moment (have just negotiated a 15% disc. recently) and with capital appreciation predicted to double in the next 10-15 years I could think of worse ways to invest.
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"Don't want to buy HK property because its back to 1997 levels having taken 10 years to recover to that point."
I hear HK property is a great investment right now. An acquaintance made 60% in a year on a flat. But I'm by no means an expert.
Do you want a long term or short term investment. Long term stocks aren't looking that bad after the recent tumbles. In 5-10 years they will most likely be much higher.
Short term I don't know. China is still good right now compared to the rest of the world. US is bad. Europe is indifferent to bad. Russia is a lottery.
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"i wouldn't listen to anyone who know what will happened the coming 5-10 years"
Did you read the part where I said "most likely" and the part where I said "by no means an expert"?
Who knows what will happen in 5-10 years? Historically though, stocks are a good long term investment.
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I must ask, why are you even here? You seem to have the answers you want to hear without needing to consult this board.
How do you know we're at the top of the market? ;) Historically, stock markets have always gone up in the long term. I'm not telling you to buy stocks, I'm saying they may be a bargain now since they have been going down a bit. I may be wrong. I'm not an expert, with or without quotation marks.
As for housing, who knows? Every time ppl say we are at the top of the market others buy and make a profit. Maybe not a profit tomorrow, but eventually real estate in cities like HK tends to go in only one direction. Again, I'm not an expert, with or without quotation marks.
I do know one thing: If you just want to park cash with little or no risk then you need something with a guaranteed yield, like government bonds.
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hmm
18 yrs ago
So far so good said the man who fell 19 of 20 stories. Can't remember which Hong Kong economist said, when referring to the stock and housing markets, that Hong Kong is, "a bubble on top of a bubble."
I think the advice given here is generally good. If you are in for the long-term, some sort of fund based investment or non-hk property may be the way to go... in the short-term I won't be putting my money into HK property. As far as stocks go, I would definitely stay diversified and might look more to the emerging markets...
Who knows!
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Oski
18 yrs ago
If you are young man (young lady) who just received your first big bonus, I would recommend you sit on cash for a year and get used to having a large amount of cash. They key to investing is to stay rich, and it helps if you develop the mentality of comfortably staying rich. If cash feels like a hot potato sitting in your pocket, then you still have some maturing to do when it come to wealth. I speak from painful personal experience, I blew my first big bonus.
If you are an old-timer experienced in the markets, (meaning you have gone through at least 1 full economic cycle with some investments.) then you should keep your own consul. Why should you expect good investment advise from people you don't know.
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Advice on investing from a Harvard PhD economist:
1. NEVER give ANYONE power of attorney OR investment authority over your assets (this means a stockbroker, financial planner, etc.). You must sign on to any transaction. They want commissions. Nothing anyone knows requires such rapid action that you shouldn't be a part of the transaction, EXCEPT illegal insider trading.
2. Follow these two solid principles:
a- Diversify
b- Minimise costs, i.e. transactions costs shouldn't be higher than 2% per year
3. Implication of 2a and 2b - Invest in INDEX FUNDS. (Try Vanguard, which has the lowest transactions costs of any funds.)
4. More details:
a. put 50% in US bond index funds
b. put 50% in global stock index funds
c. keep 1-2 years living expenses in cash
d Only spend 4% of assets per year + long-term income
5. FORGET investing in limited partnerships, structured products, relatives, real estate (NO NO NO) AND NEVER PUT $ in HEDGE FUNDS!!!
And if you do all this and it turns out badly, that's what you get for seeking investment advice on a web forum. ;)
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put into RMB, with US on China's back, there is a good chance it will hit the all time high of 63 cents HKD to 1.00 RMB dollars like back in the 70's...
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I forgot to say: Before you invest, decide two things:
- Desired risk level.
- Length of investment.
As these two factors vary, so do your investment choices.
Agree with Foolonahill. Hedge funds can be great if you accept the higher risk. If you don't want risk at all go with government bonds or funds that consist of such.
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harvard Phd has commented and others have put in their 2 cents worth for first time bonus earner.
so.. hear from a double Phd from LSE... Buy stuff that is not manufactured by human beings. thats is the only thing which value is going up. there are 2 things -
1. Land 2. Gold
If you dont want to buy stuff then make your money work by putting it to work. If you want to save the cash listen to others who said save it in Euros. USD is going in for a nose dive.
If you have earned your bonus you should be savvy enough to find out how to make your money work for you.
Good Luck.
Been in HK 17 years and dont own property. Have overseas properties only. Bought properties during SARS scare and sold it 2 years ago. Wont say how much i made but suffice to say it raised some un-raisable brows and softened some stiff upper lips.
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