milwaukee mike Posted October 11, 2018 Author Report Share Posted October 11, 2018 Call me crazy but I'm dipping my toes into the Chinese stocks here.... the one I like (as mentioned) is YY at 68 $2 billion in cash, another $2 billion worth of huya… ridiculously cheap by any valuation metric Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 11, 2018 Report Share Posted October 11, 2018 China will lose the trade war(if it continues), their economy is in bad, bad shape. It's likely even decent chinese stocks will get cheaper. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 11, 2018 Author Report Share Posted October 11, 2018 China will lose the trade war(if it continues), their economy is in bad, bad shape. It's likely even decent chinese stocks will get cheaper. if I can buy an ugly jacket for $90 that has $100 bill in the pocket, I don't care how ugly the jacket is... and then if they sell one for $80 next week i'll buy that too Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 11, 2018 Report Share Posted October 11, 2018 if I can buy an ugly jacket for $90 that has $100 bill in the pocket, I don't care how ugly the jacket is... and then if they sell one for $80 next week i'll buy that tooFine, but can you really trust the financial info chinese co's put out? Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted October 11, 2018 Report Share Posted October 11, 2018 Call me crazy but I'm dipping my toes into the Chinese stocks here....Can I allocate some my funds in my 401k to Chinese stocks. I don’t really know how moving money around in a 401k works. Right now Im 90% allocated in some 2035 target date fund and 10% in a foreign stocks fund. Michael, feel free to chime in as well with your wisdom. Thanks pals. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 11, 2018 Report Share Posted October 11, 2018 Can I allocate some my funds in my 401k to Chinese stocks. I don’t really know how moving money around in a 401k works. Right now Im 90% allocated in some 2035 target date fund and 10% in a foreign stocks fund. Michael, feel free to chime in as well with your wisdom. Thanks pals. Short answer: It depends. Usually you will have some international mutual funds to choose from. Contact your provider to see what your options are. Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted October 11, 2018 Report Share Posted October 11, 2018 Short answer: It depends. Usually you will have some international mutual funds to choose from. Contact your provider to see what your options are. Thanks. Gonna log into my account right now. I think I can make changes on my own without even speaking to someone. Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 11, 2018 Report Share Posted October 11, 2018 Short answer: It depends. Usually you will have some international mutual funds to choose from. Contact your provider to see what your options are.It's highly unlikely any international stock fund would have much chinese exposure. Even more unlikely in a 401k(where the mutual funds available for purchase tend to be more conservative). Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted October 11, 2018 Report Share Posted October 11, 2018 Of all the options for international stocks, they only offer 2 funds for choices. And I'm already in one. Neither of the options was specifically Chinese. "International" was the only label. Quote Link to comment Share on other sites More sharing options...
August West Posted October 11, 2018 Report Share Posted October 11, 2018 I pulled out of about 40 % of my exposure on Mon, thank god.Seriously? That's some great intuition. Congrats. Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 11, 2018 Report Share Posted October 11, 2018 Of all the options for international stocks, they only offer 2 funds for choices. And I'm already in one. Neither of the options was specifically Chinese. "International" was the only label. Click on the fund and then there should be an info section, it'll give you an idea of what regions it's investing in. most international funds would be primarily european co's.. there are international sector funds, latin america, europe, japan, asia, etc, but they wont be in your 401k. Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 11, 2018 Report Share Posted October 11, 2018 Seriously? That's some great intuition. Congrats.Well, i did lose 10K today(on paper), lol. I've been thinking about pulling out for awhile, I stayed in with the rest because it's in a more conservative fund, that holds approx 60% stocks, 30% bonds, 10% cash. i thought that would cushion me? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 11, 2018 Report Share Posted October 11, 2018 It's highly unlikely any international stock fund would have much chinese exposure. Even more unlikely in a 401k(where the mutual funds available for purchase tend to be more conservative). Depends on the fund. There are certainly Asian-specific mutual funds out there. Again, it depends on your provider. Quote Link to comment Share on other sites More sharing options...
Dingo Posted October 11, 2018 Report Share Posted October 11, 2018 Before investing in any Chinese companies you should watch China Hustle on Netflix Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted October 11, 2018 Report Share Posted October 11, 2018 Before investing in any Chinese companies you should watch China Hustle on Netflix excellent advice, been involved first hand with some bad apples Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted October 11, 2018 Report Share Posted October 11, 2018 Call me crazy but I'm dipping my toes into the Chinese stocks here.... Ben Baller does what he wants when he wants, though. Not many others have the same luxury as BEN BALLER does. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 11, 2018 Author Report Share Posted October 11, 2018 Before investing in any Chinese companies you should watch China Hustle on Netflix same documentary could be made about many American companies... it's all a con on some level Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 11, 2018 Author Report Share Posted October 11, 2018 back down the crapper we go, down 500 burn baby burn!!! Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted October 11, 2018 Report Share Posted October 11, 2018 back down the crapper we go, down 500 burn baby burn!!! agreed. HUI up 8% says it all. I've been bottom fishing there for weeks Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 11, 2018 Author Report Share Posted October 11, 2018 agreed. HUI up 8% says it all. I've been bottom fishing there for weeks if gold keeps rallying, mux could easily double back into the 4s... went from 50cents into the 4s back in 2016 Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted October 11, 2018 Report Share Posted October 11, 2018 if gold keeps rallying, mux could easily double back into the 4s... went from 50cents into the 4s back in 2016 yes, i had it from $1.12 to $3.33 Quote Link to comment Share on other sites More sharing options...
Brock Landers Posted October 11, 2018 Report Share Posted October 11, 2018 Listen dope, an 830 pt drop from 26000, is not equal to a 550 pt drop from 2500? Just shut the fuck up.what did you say? Shit for brains Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 11, 2018 Author Report Share Posted October 11, 2018 yes, i had it from $1.12 to $3.33 great minds think alike try3 would've liked that sell point Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted October 11, 2018 Report Share Posted October 11, 2018 great minds think alike try3 would've liked that sell point MUX is a mediocre stock as far as assets go. I like that the founder holds 25%of the paper and draws no salary as ceo the thing with it is it's in all the gold stock indexes, so it really flies when the worm turns. But that works in reverse too I bought SGSVF which has much better assets and is in all the indexes too at .88 tuesday and its at 1.08 now Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 11, 2018 Report Share Posted October 11, 2018 what did you say? Shit for brainsShhhh, men are talking. Quote Link to comment Share on other sites More sharing options...
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