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Expat starting investing

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  1. #21

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    OK none of us are being very helpful here.
    @LetsDiscuss

    To summarise - your options are:
    - invest in Unit Trusts. These are a rip off in Hong Kong with high sales charges and management fees.
    - invest in Flexinvest by HSBC. These are good value as long as you have less than HK$10k invested. After that they have monthly platform fees that really add up.
    - Invest in ETFs via the Hong Kong stock market. Choice is limited and there are high bid/ask spreads. But they're cheaper than unit trusts. Code 3019.hk is fairly well diversified.
    - Open a brokerage to invest in ETFs listed abroad. That's more convoluted and maybe more for somone who is not just starting investing.


  2. #22

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    - Open a brokerage to invest in ETFs listed abroad. That's more convoluted and maybe more for somone who is not just starting investing.
    TO add to this - it is fairly easy to open one up at your bank. As a beginer say no to leverage / margin accounts etc.

    A few days and you'll be able to buy US listed ETFs - my personal preference is AOA if you have a long horizon window and this is your first investment, VT and other ones like VTI etc stand out as recommendations.
    greenmark likes this.

  3. #23

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    If you're not sure what you're doing buy the tracker fund

    Or a selection of blue chips: great opportunity in Tencent, Alibaba now. Also Chinese pharma


  4. #24

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    Quote Originally Posted by mgi:
    Or a selection of blue chips: great opportunity in Tencent, Alibaba now. Also Chinese pharma
    What kind of Chinese phama companies do you mean?

  5. #25

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    Quote Originally Posted by mgi:
    Or a selection of blue chips: great opportunity in Tencent, Alibaba now. Also Chinese pharma
    As someone's first investment? Balls of steel man ... I hope they have balls of steel.

    Might as well throw in GME and AMC for global diversification.

    I still stick with the whole "best to have a very broad core before you pick stocks". But hey .. whatever works, works...

  6. #26
    Quote Originally Posted by greenmark:
    OK none of us are being very helpful here.
    Thanks

    Quote Originally Posted by greenmark:
    Code 3019.hk is fairly well diversified.
    Do you mean Xtrackers MSC World Swap UCITS ETF ? I got this name in FUTU app. Is this like mutual fund ?

  7. #27

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    @LetsDiscuss check out this radio programme that explains the power of index funds:
    https://www.npr.org/2021/07/29/10224...-funds-the-bet

    Here are the four basics you can invest in:
    https://investor.vanguard.com/etf/investment-options

    I just started with their "socially conscious" ETFs:
    https://investor.vanguard.com/investing/esg/


  8. #28

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    Quote Originally Posted by LetsDiscuss:
    Thanks


    Do you mean Xtrackers MSCI World Swap UCITS ETF ? I got this name in FUTU app. Is this like mutual fund ?
    Yes, it similar to a mutual fund.

    It would provide a similar return to a mutual fund that invested in the world's largest 1500 companies.

    There are few technical differences because it is an ETFs and not a mutual fund, it is an index fund and not a managed fund, and it is synthetic and not physical. But at the end of the day it essentially does the same thing as a mutual fund. It effectively invests in a diverse set of large cap companies.
    shri and LetsDiscuss like this.

  9. #29

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    1 - App for trading with less brokerage fess and can trust with ?

    1) Etoro - 1mil EUR capital insurance, fractional shares (might be good for a beginner), many markets but can't buy HK listed with a HK registered account
    2) TD Ameritrade - 500k USD insurance, only US market though, no fractional shares
    3) Interactive Brokers HONG KONG - 500k HKD insurance for HK, Shenzen and Shanghai listed shares, but NO insurance for US listed stocks (wtf?), fractional shares, huge selection of markets

    All 3 have no fees as far as I know. I'm with Etoro (only short and leveraged positions are CFDs) and opened another account with TD. If IBHK can just sort out their insurance then I will open an account with them.

    2 - Any suggestion about which stocks or mutual funds I can buy to start ?

    As a beginner just buy a S&P500 or world ETF. I am a fan of Vanguard as they have the lowest fees so I would say go for VOO or VT.

    3 - Should I buy HK stocks or US stocks ?

    US in my opinion, except for a few Chinese stocks. But if you have to ask that question then you are better off starting with only ETFs, not stocks. Assuming you are still young I would rather focus on growth instead of dividend yielding, so I wouldn't care much about the 30% withholding tax.

    But I'm just a random guy on the internet and this is not financial advice.
    shri, LetsDiscuss and Lucky 21 like this.

  10. #30

    What thing gonna 20x?!!