How to Invest HKD

I'm at a point in my life where I think I really need to start investing some money I've saved up. I've never been good at saving so I really want to put my money in a place where it could really grow, but I also can't really afford take to any big risks.


Just wondering if anyone could help me with the types, specifically, of stocks accounts I need to do more research on. Or perhaps any forreign currencies?


Really have no clue where to start.

given that you have no clue, i would suggest to invest into a tracker fund, i.e. a fund that tracks some stock exchange index.


alternatively mutual funds

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Hi Sale1025,


You do not want to get into individual stocks or foreign currencies unless you know what you're doing, otherwise it's a very good way to lose money.


I suggest you talk to 2 or 3 IFA's (independent financial advisers). They can find the best product that's available on the market, as opposed to someone from, for example, AIA or Manulife, who will sell you only what they have available.


See which adviser you prefer and which products they recommend. Depending on how much you can save and how regularly, you might be better off buying mutual funds, or index funds, or a combination of both.


You want to avoid regular savings plans that lock you in for years. They have high fees and while their promotions make them sound attractive, they're actually just giving you back some of your own money from fees, at a later date.


There is a product that has no lock in period, has a very good choice of funds available and is cheaper than the competition. I don't want to advertise their name here but you can message me for details.


You want to avoid mutual funds that do not consistently beat their equivalent index funds. If the extra cost of the mutual fund isn't seen in their out-performance then go for an index fund. However, if the sums you are investing are small the commission charges from buying index funds will add up meaning you might be better off buying mutual funds.


I'm sorry if this is getting too technical for you but I just want to help you avoid some of the products out there that will handicap you and stick a ball and chain on you for years to come ... and you may not even realise it.

Don't rush yourself. Take some time to do some research on investments available to you and their associated risks. Whilst you can talk to a few financial advisors, I suggest you educate yourself first on the variety of products available, how they fit to your goals and risks. The web has lots of links for self-education and even an Idiot's guide to investing can give you some basics. Gather some knowledge first so that you can ask relevant questions when you mee up with the financial advisors - afterall they also have their own interests at heart.

I have alot of friends that have invested money in fine wine and have made some excellent returns, I am presently looking at other alternative ways of investing money.

Thanks everyone for all of the advice. I've just opened an investment account today and will start trading soon. Actually most of my elder family members have been trading stocks in the U.S. for over 10 years now. They've made their fortune off of trading as a part time job. But I have never really picked it up. So thanks again!

Value Partners funds. They have been doing well consistently in the past despite the ups and downs. Focusing on China. Value investing and less subject to volatility.