Miscellaneous News

B.I.B. said:

Why don't you ask for a limit increase first

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I did... one of my card has 35k credit line.....a Chase Sapphire platinium... the other two are 10k each...

I live in Texas, in a worst case they cannot do wage garnishment even if I dont pay back, they sue me and win a judgement etc. I mean sure laws can change, but the way I see it if US attack China in SCS or elsewhere get kinetic, all bets are off anyway.

I only making 90k, compared to most ambitions Chinese its very modest, so I cannot live a good lifestyle, now Im signing up credits on sites like whatyourprice, going to dates and fine dining with women that otherwise as they say to paraphrase Bruce Lee movie, I would not otherwise had a "Chinamans chance"

BMEWS said:

I did... one of my card has 35k credit line.....a Chase Sapphire platinium... the other two are 10k each...

I live in Texas, in a worst case they cannot do wage garnishment even if I dont pay back, they sue me and win a judgement etc. I mean sure laws can change, but the way I see it if US attack China in SCS or elsewhere get kinetic, all bets are off anyway.

I only making 90k, compared to most ambitions Chinese its very modest, so I cannot live a good lifestyle, now Im signing up credits on sites like whatyourprice, going to dates and fine dining with women that otherwise as they say to paraphrase Bruce Lee movie, I would not otherwise had a "Chinamans chance"

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Buy SMIC stocks instead, participate in the Chinese miracle.

And go to China.

Can you recommend a online share broking firm that trades in Chinese shares in HK. Currently the online services I use only offer US Aus and NZ.

localizer said:

Buy SMIC stocks instead, participate in the Chinese miracle.

And go to China.

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I already thought about that. I was born in China but migrated over with my parents at age ~5. Now I can speak Mandarin on average level but cannot read or write Chinese. I have US passport so I gave up my Chinese citizenship long time ago. I talk with my cousins back in China on WeChat and jokingly have asked them to "prepare a room for me" for "when the time comes", and they are all saying like "you cannot come back, no flights yet", and probably feel I would be a burden on them if I did showed up... and my parents are still very naive about all of it and don't believe the US government will ever cross into such areas or take such drastic actions and they have no plans to ever go back (the whole "too much momentum/Inertia thing) themselves... my Dad is about to retire next May and no way he is going anywhere. I only have a younger sibling brother, who was born in Dallas and he is in the US Army, totally naive tool that believe just because he is extra Pro-USA that when the time comes they won't go after him as well... he let the whole WestPoint/ US Army/ US gov propaganda get to his head...

But once flights resume and assuming I can hitch a flight, yeah that is something I'm definitely putting on my credit card for sure. I'm going around asking all my Chinese friends and my parents Chinese friends to let me borrow money and I say I will pay them back in 2021 with interest....

I'm not a stocks guy, I think the best investment is to convert money into raw experiences by frontloading life as much as possible as part of risk mitigation (anyone can die in car accident any given day) and also the fact that the true time-value-of-money is in reverse, at 65 you cannot enjoy life as much as when you were 25, even if you amassed 10000x more money... a lot of people are greedy in that they want to live a long time to 85+ but I'm content to live say no more than 65+ as long as its about quality and not quantity... human body starts decomposing after age 20, women peak at age 24 whilst men decline in earnest each year past age 30... I think its better to compress that into the prime rather than stretch out allocations for retirement planning etc... just a more strategic perspective on getting the most out of life the proper way.

B.I.B. said:

Can you recommend a online share broking firm that trades in Chinese shares in HK. Currently the online services I use only offer US Aus and NZ.

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Not sure if this post is allowed here, but just to help you...

Here you go, Phillips Capital have access to Hang Seng and have via Connect- Shenzhen and Shanghai stocks.

US :

Australia :

localizer said:

Buy SMIC stocks instead, participate in the Chinese miracle.

And go to China.

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Abit too high at the moment trading at 213 P/E ratio. Getting Tencent and Alibaba(0700 and 9988) will be a more concrete bet?
But the main blockbuster has to be Ant's listing this year. I will skip out of getting more Alibaba's and rather get Ant's.

Not looking good for Meng


Imagine how quickly ByteDance CEO would have caved if he had a daughter and they kidnapped her...
But then again I guess TikTok isn't a strategically critical to Chinese tech ascension compared to Huawei/5G

Frankly honestly I don't even know why US gov is going after TikTok unless they believe it has the potential to integrate with China digital Yuan and overthrow the US dollar...

hullopilllw said:

Abit too high at the moment trading at 213 P/E ratio. Getting Tencent and Alibaba(0700 and 9988) will be a more concrete bet?
But the main blockbuster has to be Ant's listing this year. I will skip out of getting more Alibaba's and rather get Ant's.

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@B.I.B. @BMEWS
Just get MCHI ETF or something equivalent.

China and other emerging market ETFs will rise as US dollar falls.

BMEWS said:

Not looking good for Meng

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Imagine how quickly ByteDance CEO would have caved if he had a daughter and they kidnapped her...
But then again I guess TikTok isn't a strategically critical to Chinese tech ascension compared to Huawei/5G

Frankly honestly I don't even know why US gov is going after TikTok unless they believe it has the potential to integrate with China digital Yuan and overthrow the US dollar...

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lol:

They were perplexed by the cultural differences regarding mask-wearing. They were unsettled by President Trump's use of the phrases "kung flu" and "China virus". Some have even experienced racial harassment firsthand.

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Racial discrimination during the pandemic has "burst their bubble," Prof Ma says

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We keep telling them, but they don't believe us.

localizer said:

@B.I.B. @BMEWS
Just get MCHI ETF or something equivalent.

China and other emerging market ETFs will rise as US dollar falls.

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Indeed. MCHI ETF and JPM China Share-A Oppo Fund are the 2 most popular options available for retail investors to gain exposure to Chinese stocks at the moment.

Sorry mod for the off topic posting. Will stop now.