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Hong Kong > Forums  > Hong Kong Forums  > Living in Hong Kong  > Business and Finance
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Investment Advice

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Old 28-12-2006, 02:52 AM
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Investment Advice

hi...

let me first say that i do not make a ton of money...and definitly not as much as many of you judging by your rental expenses from my other thread.....

anyways...I want to start investing my small savings...and want to do it as wisely as possible. the problem is that i know jack from crunck about investing (which is sad since i worked in a bank a long time back).

so....can someone recommend a good but not too expensive investment advisor to talk with? im looking for someone who will be able to evaluate everything, including the fact that im living overseas, possible tax issues in HK and USA, etc etc etc....

any ideas?
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Old 31-12-2006, 08:54 PM
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no one can recommend a decent financial advisor?
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Old 31-12-2006, 10:04 PM
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Originally Posted by mattstewart View Post
decent financial advisor?
The phrase is rather oxymoronic in my experience.
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Old 03-01-2007, 05:03 AM
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why would that by oxymoronic?
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Old 03-01-2007, 01:05 PM
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I have a friend who works for AIA, she's pretty cool as a friend but I don't know how good she is as a financial advisor since I don't use her services. I think it's free to talk to her, if you wanna give it a shot, let me know I'll PM you her details.

PS she's Chinese-Candian so her English is fine.
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Old 31-03-2007, 04:08 PM
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no other suggestions for finanial advisors? what do all of you people do with your money?
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Old 31-03-2007, 09:22 PM
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I haven't worked it out yet either. Worse - under my new employer firm's policies, I can't even trade in shares anymore :/ However, I think we have the green light for unit trusts.

In the interim can you get good cash savings rates with banks here? In my Australian account I can get about 5.75% whereas I gather it's about zilch here generally.

Last edited by muse07 : 31-03-2007 at 09:32 PM.
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Old 01-04-2007, 10:33 PM
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I agree financial advisor is a rather oxymoronic term

Most of us buy shares directly. The more conservative buy index funds. Why pay someone 3-4% to underperform the market? (as 85% of managed funds do).

And most financial advisors tend to just be salesmen for managed funds.
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Old 01-04-2007, 10:37 PM
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Although if you don't know how to budget, make long term plans, be disciplined etc. the a financial advisor can probably help you.

But in terms of actual investment, my guess is most of them are poorer than you.

As I don't know too many millionaires (in USD) I tend to read books written by them, Graham's The Intelligent Investor is a good (if conservative start). The Warren Buffet Way is good, as are the annual reports of Berkshire Hathaway. Sounds like dry reading but it isn't really, Buffet is actual a great comedian and his annual reports are full of jokes.

Another good place I'd recommend to start is go to Reuters, look up a stock you're interested in, then look at all the various ratios etc. If you click on any of them it'll give you a one page description of what the ratio means, how to use it etc. I found that a great way to learn.

I'm just getting started myself. I still find property alot easier to be honest

Oh, just my two cents but now may not be the best time to buy stocks. My prediction is the US is going to get wild this year.
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Old 02-04-2007, 01:36 PM
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well...i really know nothing about investments, funds, etc...

so everything you just said sounded like fish bubbles to me.....hence why I feel i need an investor in the beginning to help me get my foot in the door before doing anything ccrazy...

sure...i could just go buy a random stock..but i do want some security in what im doing...not just 100% guessing
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