[d1deez]

Hi all,

I'm am a us citizen and do not hold an hk id. However, I have about $20K(USD) in a Standard Chartered bank. I don't plan on using the money for at least a year. Does anyone have any advice on where to put my money in for the short term to gain the max return given my above situation? I am not looking for any kind of investment where there is potential to lose my principal capital. Something like a 1 yr cd or similar is what i am looking for. Your advice is greatly appreciated. Let me know if you need additional info. Also, I visit hk every 1-2 years.

Thanks!

[jimbo]

Shouldn't you be seeking advice from a qualified financial advisor?

Personally I'd go to sands casino and stick it on red or black

[martyn]

Originally Posted by jimbo

Personally I'd go to sands casino and stick it on red or black

Or go to the Hong Kong Jockey Club and just bet the lot on a single race

[discobay]

You could put the cash in a time deposit account for a fixed period. Usually 12 months will give you a higher rate of return than 9 but it is market driven. You may know that savings interest rates here are very low and may not be competitive with your home country. Certainly rates here are much lower than those from building societies in the U.K.

[mrcheese321]

I say wire the money back to the US and put it in a savings account there. The rates here are very low and you will get a higher one doing that. HSBC has a new savings account in the US that is all online that is giving 4%. Emigrant Direct is giving 4% too.

c

[tvrlover]

Time-deposit rates seem to be very low here, IMO not even worth it. I would much rather short-term or long-term in the forex market than do a CD/savings account.