tag:blogger.com,1999:blog-25714039.comments2023-10-26T00:17:28.411+08:00A Private Portfoliotraineeinvestorhttp://www.blogger.com/profile/05179861120801348035noreply@blogger.comBlogger659125tag:blogger.com,1999:blog-25714039.post-7327783701879665972018-03-01T12:02:57.166+08:002018-03-01T12:02:57.166+08:00Hi
Thanks for the comments.
I have considered re...Hi<br /><br />Thanks for the comments.<br /><br />I have considered reducing my real estate to get a higher yield elsewhere but I keep holding on because they have been such a good store of value over the years. Also, as I have not purchased a new property for several years, all my new investments have been in bonds and equities so my allocation to real estate has slowly declined over time. Lastly, the other benefit of real estate is that I can borrow long term without worrying about margin calls.<br /><br />I have not looked at VHT but will do so.<br /><br />Cheers<br />traineeinvestortraineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-43265783568018133832018-03-01T11:59:09.215+08:002018-03-01T11:59:09.215+08:00Hi
Thanks for the comment. You are probably righ...Hi <br /><br />Thanks for the comment. You are probably right but like you I'd rather be aware of it than leave Mrs Traineeinvestor with a potential problem. <br /><br />Cheerstraineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-64971531985588128702018-02-24T08:57:27.551+08:002018-02-24T08:57:27.551+08:00This is an interesting issue you have raised. Ever...This is an interesting issue you have raised. Everyone I have spoken with calls this "academic" given how hard it is / has been for IRS to see through pooled custody accounts. Nevertheless it seems to me it is not a risk worth taking when a relatively cheap and simple solution is available for Hong Kong residents. Just register a Hong Kong company and open a brokerage account within that company. I trade all of my US positions this way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25714039.post-80758077232239105402018-02-21T13:05:41.988+08:002018-02-21T13:05:41.988+08:00I have read your blog for a number of years and it...I have read your blog for a number of years and it is a great credit to you. Your investment approach is always consistent and clear and the discipline you show in keeping the blog up to date is commendable.<br /><br />I have a question for you with respect to your real estate holdings at what point (if any) would you reduce your real estate holdings for other investments ? <br /><br />Also, have you had a look at Volpara Health Technologies Limited (VHT AU) ? It is a Kiwi company listed in Aus that may have some appeal given you seem comfortable in the small cap space.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25714039.post-4243864924103881052018-02-20T08:23:54.743+08:002018-02-20T08:23:54.743+08:00If you can see it why cant pollys. Answer, because...If you can see it why cant pollys. Answer, because they are focused on buying votes. Your right they will never ever get on top of it. Best they leave it alone BUT they wont. There's power in the mere perception that they say they will make housing cheaper. Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-89660680195748904242018-02-20T08:17:46.167+08:002018-02-20T08:17:46.167+08:00Yep...be keen for a meetup. DarrenYep...be keen for a meetup. DarrenShare Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-51035562296796984042018-02-18T10:45:55.283+08:002018-02-18T10:45:55.283+08:00Hi Darren
Thanks for the suggestions.
I have hug...Hi Darren<br /><br />Thanks for the suggestions.<br /><br />I have huge respect for HLG's management - they have done a superb job in keeping the company profitable and the dividends flowing in difficult conditions. I held them for several years in the 1990s. However, it will take a lot of convincing before I invest in a retail company at this time. <br /><br />I like SKC - they have solid expansion plans and will continue to be a beneficiary of continued growth in tourism numbers and economic growth generally. My two concerns with the company are (i) the high level of debt may lead the company to do a capital raising which tends to be bad news for shareholders and (ii) the delays in completing the convention centre project. I'll have another look.<br /><br />Incidentally, I will be down in Auckland in early May if you would like to meet up.<br /><br />Cheers<br />trainieeinvestortraineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-90931703082469249642018-02-15T09:31:47.843+08:002018-02-15T09:31:47.843+08:00May I remind you that both HLG and SKC are on spec...May I remind you that both HLG and SKC are on special at the moment.Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-25113690742686334482018-02-01T16:52:34.089+08:002018-02-01T16:52:34.089+08:00Good question. This is not something I have though...Good question. This is not something I have thought about but my instincts are that investing in something outside the US which invests in US equities (like a HK listed ETF) will probably fall outside the US estate tax net because you are investing in a non-US entity which is not caught within the US legislation. I am less sure about investing in the ones listed in the US.<br /><br />Please let me know if you manage to find a better answer.traineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-43699909445988176562018-01-17T11:51:43.157+08:002018-01-17T11:51:43.157+08:00What are your thoughts on investing in US index et...What are your thoughts on investing in US index etfs which are listed in HK, ie Vanguard's S&P500 or investing in the ones listed in USAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-25714039.post-45591955681243464252018-01-15T15:50:48.985+08:002018-01-15T15:50:48.985+08:00@ Darren - Thanks for the comment. Your's has ...@ Darren - Thanks for the comment. Your's has been a valuable resource for me.<br /><br />@ Hank - The only HK based finance blogger I know of is bean counter at http://myinvestmentblog.blogspot.hk. He's very disciplined and doing great but his investments are mostly low-cost funds and real estate. I'm not aware of anyone who blogs about HK listed stocks.traineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-40536075699321157632018-01-02T12:40:14.603+08:002018-01-02T12:40:14.603+08:00Do you know of some good blogs that focus on discu...Do you know of some good blogs that focus on discussing HK stocks (not forums)?Hankhttps://www.blogger.com/profile/08859264013852214896noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-60961084217374362292018-01-02T04:45:51.719+08:002018-01-02T04:45:51.719+08:00Traineeinvestor, Love your blog.
Traineeinvestor, Love your blog.<br />Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-67116103864866037762017-12-31T20:45:00.370+08:002017-12-31T20:45:00.370+08:00Thanks for dropping by. These are good questions a...Thanks for dropping by. These are good questions and ones that explain why the company's shares will never trade anywhere near NAV. I'll doc a more detailed post on Rosedale in a few days.<br /><br />Cheers<br />traineeinvestortraineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-51484435856802756302017-12-31T08:23:35.232+08:002017-12-31T08:23:35.232+08:00Great Post,!! do you understand this crazy "...Great Post,!! do you understand this crazy "Administrative expense" amount at Rosedale Hotels income statement? Also the fact that they issue shares at such a discount to NAV on constant basis ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25714039.post-34241736049502912972017-11-30T18:58:30.373+08:002017-11-30T18:58:30.373+08:00@ Hank - I don't usually provide a write up fo...@ Hank - I don't usually provide a write up for my investment analysis - usually just a one liner (like I did with PGW, SFH and GRR with the November review. Partly this is because I'm lazy and in part because I'm not an investment professional<br /><br />@ Share Investor - sadly, patience is not one of my virtues. Like your blog but the way.<br /><br />@ Mark – I purchased silver initially because of its history of being more volatile than gold, That proved to be right but, unfortunately, I failed to sell during the big spike a few years ago. Platinum was purchased over gold because of its growing industrial use + the convergence of platinum and palladium prices. Given the subsequent decisions by some EU countries to move to all electric vehicles I am reconsidering this investment<br /><br />Thanks all for dropping by and commenting.traineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-18725106007005456472017-11-29T13:29:10.625+08:002017-11-29T13:29:10.625+08:00Loving your rolling commentary. Do you prefer Sil...Loving your rolling commentary. Do you prefer Silver and Platinum over Gold?<br /><br />Mark, Founder of <a href="http://www.accentloans.com.au" rel="nofollow">Accent Loans</a>Markhttps://www.blogger.com/profile/18171489720855292200noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-81611516166054175622017-11-07T16:55:03.582+08:002017-11-07T16:55:03.582+08:00Be patient grasshopper.Be patient grasshopper.Share Investorhttp://www.shareinvestorforum.comnoreply@blogger.comtag:blogger.com,1999:blog-25714039.post-2987961447345624872017-11-05T07:24:24.089+08:002017-11-05T07:24:24.089+08:00For your public equity investments, do you provide...For your public equity investments, do you provide a writeup on reasons for the purchase/sale?Hankhttps://www.blogger.com/profile/08859264013852214896noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-22170346865795183202017-09-06T17:37:11.309+08:002017-09-06T17:37:11.309+08:00Thanks for dropping by and for your kind words.
M...Thanks for dropping by and for your kind words.<br /><br />Mandatory disclaimer: I have no professional or other qualifications in the financial industry and am not qualified to give advice in any shape or form. <br /><br />The safe answer to your question is to work out how much you need and how long it will take to save that amount. With property prices moving around all the time (sometimes by a lot), there will be some guess work involved. Once you have a time period, you could look to invest in the best quality HKD bonds or notes issued by the HKSAR Govt or other very credit-worthy banks or large corporates. Check the credit ratings. Your could also look to put your money in deposits which are covered by the Deposit Guarantee Scheme. Picking terms which match your estimated time horizon will give you slightly higher interest rates than leaving the money on shorter term deposit rates BUT you will miss out on any interest rate increases that happen between now and your maturity date. With this approach, the risk of losing money is low (never zero) but your return is low too. <br /><br />When I started out I took a much riskier approach and put some my money into the stock market instead of in bank deposits. This gave me a chance of getting a deposit together more quickly than using bank deposits or bonds but came with much greater risk that I could lose money and end up delaying buying a property. It worked at least in part because I was lucky. With the stock markets at quite high levels (some very high), I would have serious reservations about doing this now - the risks are too high at current share price valuations and if I was going to do it, I would be sticking with a low cost index fund like HK Tracker.<br /><br />"HKD cash or equivalents" are HKD bank deposits, short term bonds and notes and a liquid bond fund.<br /><br />I hope it works out for you.<br /><br />traineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-53029987555195365392017-08-29T16:17:49.669+08:002017-08-29T16:17:49.669+08:00Hello Investortrainee,
Thank you for documenting ...Hello Investortrainee,<br /><br />Thank you for documenting your investment strategies and sharing your wealth of experience. Your blog is very insightful to a new learner like myself, and please keep up the good work! <br /><br />I do have a question, and I would like your opinion on it.<br /><br />For someone who is looking into investing on his/her first property in Hong Kong, what is your opinion on what to do with money saving for the down payment? Accumulate as cash in a savings account? Investing it in bonds? Investing it low risk ETF like the Tracker Fund of Hong Kong?<br /><br />I'm researching the strategy of parking my bimonthly savings for the down payment into short/medium term bonds like iBonds. Knowing that my goal is to purchase a property 3-5 years down the line, I think secured bonds is a good way to beat the inflation. My bank offers zero handling fees for custody, interest and redemption. The only foreseeable issue is, the price at which I would be buying into these bonds from the market. <br /><br />Lastly, what other products are you referring to when you mention "HKD cash or equivalents". Equivalents such as foreign currency? Bonds? <br /><br /><br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25714039.post-65890239069093475622017-05-03T09:06:47.178+08:002017-05-03T09:06:47.178+08:00Autocorrect. It should have been "microcap&qu...Autocorrect. It should have been "microcap".<br /><br />1052 has had a good run and offers a nice yield.<br /><br />Cheers<br />Traineeinvestortraineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-33258007833424155832017-04-01T13:04:30.245+08:002017-04-01T13:04:30.245+08:00What was the microchip stock? My only buy has been...What was the microchip stock? My only buy has been 1052 at 5.37, so that's been nice (and I think that's a good long termer). Also looking at 0868 which I like but yet to pull the lever.<br /><br />Mhttps://www.blogger.com/profile/12597869528498468754noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-79510015652362958662017-02-05T16:50:15.657+08:002017-02-05T16:50:15.657+08:00Thanks. It's off to a good start.
Very impres...Thanks. It's off to a good start.<br /><br />Very impressed with your savings rate.traineeinvestorhttps://www.blogger.com/profile/05179861120801348035noreply@blogger.comtag:blogger.com,1999:blog-25714039.post-14837605858932097732017-02-04T08:06:11.241+08:002017-02-04T08:06:11.241+08:00Sounds like things are still going well for you an...Sounds like things are still going well for you and your family. Good luck in 2017.Super Saverhttp://my-wealth-builder.blogspot.com/noreply@blogger.com