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Originally Posted by grandcider Can't say that the meeting with the financial advisor was of much use. He printed out some factsheets for several funds (eg, Merill Lynch International Investment Funds Global Allocation, some Allianz balanced funds) and talked me through the basic terms. So this just spared me from having to browse their website and read by myself.
Without any great investment strategy, I'm thinking of putting the bulk of my money in a USD time deposit at BEA for now and the rest into some kind of balanced fund. But what are your views on the current timing? Every fund they offer basically carries a 5% initial charge (with a 50% discount, he said) and an annual fee of about 1.5%. The only no-load funds I know of that can be readily purchased in HK are offered by Manulife, but they all seem to be growth oriented. Can anyone recommend others? Alternatively, are there any blue chip stocks (eg, HSBC, Swire) that are attractively priced at the moment? |
well my risk tolerance is LOW because i hvnt had any money saved and i cant lock in in case of rainy days. i am holding some stocks in a canadian blue chip but it's not performing, so i'm only keeping it for the dividends. so, i need to save money first b4 i can really invest in HK stocks.
i was advised to wait for IPOs and buy them when they're cheap then hold. is this recommended?