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House Racist
pizzashill they/them Subject matter expertise: foid identity extremism  2yr ago (text post) 707 thread views #117831

I have decided to yolo 100k into chinese tech stocks

Will this work? Probably not. I will update you all with either plans to kill myself or a pic of me in a Lamborghini within 3 years.

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Actually not that bad of an idea. I'd buy direct from the foreign exchanges, not from the VIE's in the US. (I am going to toss some cash in VWO) :!marseycapitalistmanlet:

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You'd have a hard time buying direct from any exchange unless you are a licensed broker on that exchange.

You'll also find it exceptionally difficult as a nonresident too find a retail brokerage that wants too do business with you.

However if you really want too go through this route the best way is too find a turnkey Hong Kong incorporation service that sets you up immediately with an HSBC account, and then use that too buy Chinese A-Shares. This is basically one of two routes into the Chinese market for foreigners that don't involve United States entities-- the other is through Singapore with virtually the same structure but with a Singapore bank (this is worse because Singapore banks will charge you more for buying Chinese A-Shares)

-- a guy whose investment trust is registered in HK

trans lives matter

:#trumpjaktalking:

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Darn how come you got chudded already

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the jewish chads chudded @weev for this comment:

https://rdrama.net/post/117815/tribel-social-an-ethically-moderated-twitter/2982710?context=8#context

which imo was actually legitimately funny

trans lives matter

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It was funny, I just wanted the distinct honor of chudding an internet micro celeb

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lol that's pretty mild :marseycheerup:

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yeah @weev am clearly being targeted by the fricking jews for my support of the true prophet Ye

trans lives matter

:#trumpjaktalking:

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Hang in there! At the end of the day there are probably more people who do not give a rat's butt about slurs than the ones feeling hurt by literal words

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I assumed you could buy HK stocks on IBKR, is that not right?

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If you buy Alibaba on IBKR you are buying into a VIE which is not a stock as you would define it in our market, but a note that entitles you too a percentage of profit. It is a way different thing, stocks give voting rights, these are more like exotic and entirely uncollateralized debt instruments with none of the rights or protections that bondholders enjoy

beyond that, IBKR can be forced too liquidate you're position in a Chinese entity on specific and likely extremely unfavorable terms on you're part should China ever be subject too sanctions by the US government

HK stocks also != stocks on shenzen and shanghai exchanges, which are the actual chinese tech stocks. the HKEX is for banking shit mostly, though tencent is listed there

trans lives matter

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Hi @weev,

Your comment has been automatically removed because you forgot to include trans lives matter.

Don't worry, we're here to help! We won't let you post or comment anything that doesn't express your love and acceptance towards the trans community. Feel free to resubmit your comment with trans lives matter included.

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I am doing it strictly because my trader friend said not to.

He laughed at me for dumping 10k into ford at 10 something a share.

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