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Re: New to Investing, Based in Hong Kong

I am a Hong Kong resident and put all my investments into Vanguard ETFs. I use HSBC as my broker, the biggest local bank. Their fee is not low ($18 per 1000 shares), but still reasonable. You can buy US etfs, including all Vanguard ETFs, through HSBC. Some guys recommend InteractiveBrokers, which is...
by swj05652
Thu Oct 16, 2014 4:37 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 54
Views: 3232

Re: Beginner Brit living in Hong Kong

I don't think HSI is a good index to put a large part of your allocation. It includes a lot of companies from China and Hong Kong. Think about the 90's Japanese stocks. :oops:
by swj05652
Thu Oct 16, 2014 4:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Beginner Brit living in Hong Kong
Replies: 2
Views: 377

Re: When to invest in China?

People with money in China are trying to figure out how to get it out, why would I want to put any in? It's a very interesting place and it does seem pretty free until something happens like protests or something and suddenly the internet is cut off for millions of people. I am Chinese. I am invest...
by swj05652
Sat Aug 30, 2014 9:27 pm
 
Forum: Investing - Theory, News & General
Topic: When to invest in China?
Replies: 51
Views: 3137

Re: Refund of withholding tax possible for foreigners?

First, I think most recommended AA here does not recommend a high percentage of REIT. I don't know what's your weight on REIT. If it is lower than 20%, then it is not a big issue. Second, you can fill the W-8Ben form as mainland China resident, if you have address proof to show that you live in main...
by swj05652
Fri Jul 18, 2014 8:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Refund of withholding tax possible for foreigners?
Replies: 11
Views: 1114

Re: Corporate governance of Vanguard

Not quite. Vanguard is owned by the funds. The funds are owned by the investors. There is no direct ownership of Vanguard by the investors. The result is what you see in who votes for whom. So the managers decide how much salary they can receive? I think such a corporate structure is risky. What if...
by swj05652
Thu Jul 17, 2014 9:24 am
 
Forum: Investing - Theory, News & General
Topic: Corporate governance of Vanguard
Replies: 6
Views: 780

Corporate governance of Vanguard

I have a question about the corporate governance system, and the ownership of Vanguard. We know Vanguard is owned by all the investors of their funds. So we, investors, are the shareholder of this company. My question is: Who can be the board directors of Vanguard. Who decides the nomination of dire...
by swj05652
Wed Jul 16, 2014 9:31 am
 
Forum: Investing - Theory, News & General
Topic: Corporate governance of Vanguard
Replies: 6
Views: 780

Re: Investing in Hong Kong

A relative is permanently relocating to Hong Kong. He has a Hong Kong identity card and local checking with Hang Seng Bank. He's looking to get some local equity exposure with some low cost index funds. He's looking at Hong Kong Tracker Fund (2800.hk) ER 0.1-0.2 (depending on bank or broker). It's ...
by swj05652
Sat Jun 22, 2013 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Hong Kong
Replies: 15
Views: 1261

Re: Fascinating 60 Minutes piece on Chinese Real Estate mark

the residential market is locked but the commercial real estate can be traded freely. I have a brother-in-law that invested in some commercial real estate in China (used as a restaurant). It has gone about 5-6x in 15 years. He says it is by far the best investment he has ever made. About a year ago ...
by swj05652
Wed Mar 06, 2013 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: Fascinating 60 Minutes piece on Chinese Real Estate market
Replies: 64
Views: 5573

Re: Fascinating 60 Minutes piece on Chinese Real Estate mark

Hi everyone, I am a Chinese citizen. And I come from the biggest city in China -- Shanghai, which is also the city with almost the highest apartment price in China. About this phenomenon, we Chinese also discuss it everyday. And this 60minutes video is extremely HOT these days! The 2 guests appeared...
by swj05652
Wed Mar 06, 2013 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Fascinating 60 Minutes piece on Chinese Real Estate market
Replies: 64
Views: 5573

Re: Hong Kong Bogleheads?

I am at HK! Few HK bogleheads here. And no chapter as far as I know.
by swj05652
Sun Mar 03, 2013 8:32 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Hong Kong Bogleheads?
Replies: 8
Views: 1011

Re: Rule #6- Chose index funds (questioning the Math)

Yes, that statement is not quite rigorous. When an active manager win against the market average, another active manager, or passive fund, or individual investor may take the loss. But in a market where most players are funds, the one who take the loss is very likely to be another fund manager. In m...
by swj05652
Sun Feb 03, 2013 3:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Rule #6- Chose index funds (questioning the Math)
Replies: 41
Views: 2964

Re: Avoid the dividend tax on foreign investors [Hong Kong]

Hi there swj I am the same as you here in HK, non-US person and investing through HSBC using all ETFs - both local and US. Before I decided to use HSBC, I did a thorough check on all online brokers available here to see which offers the best combo of exchanges you can buy, versus costs, versus how ...
by swj05652
Sat Feb 02, 2013 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

Hint, buy the Schwab ETFs for your international exposure (SCHE / SCHF) as these pay the dividends yearly (fewer transactions and lower fees - though higher spread) Also, it's not worth doing it with BND because they pay the "dividend" monthly - I'd rather buy US Gov bonds directly and th...
by swj05652
Sat Feb 02, 2013 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

Sorry I accidentally click "Submit". I haven't finished my reply yet. Welcome! In this forum, you are permitted to edit your posts. Just click on the "Edit" button in the top right corner of each post. Also, I PM'd someone who may be able to help you. Thank you! :D So surprising.
by swj05652
Fri Feb 01, 2013 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

As an investor in HK, I can not buy funds in Vanguard UK. Sure, but can you not buy ETFs listed on EU exchanges? I'd have though so, if you can buy ones on US exchanges. There's a list of Vanguard UK ETFs here . A TER of 0.09% on the S&P 500 fund and no hassles with US taxes seems like a good d...
by swj05652
Fri Feb 01, 2013 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

How about avoiding US domiciled ETFs entirely, and instead buying ETFs domiciled in either Ireland or Luxembourg? These come with neither US nor other foreign (to you) tax entanglements. One particular tax trap to watch out for is US estate tax on your US holdings -- that alone might persuade you t...
by swj05652
Fri Feb 01, 2013 2:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

How about sell VWO a day before ex and buy EEM for placeholder. But you have to make sure the two ex dates don't fall on the same date. You can then sell the EEM position, buy back VWO, and repeat the process next year. The bid/ask for both should be tight. iShares has another emerging markets etf ...
by swj05652
Fri Feb 01, 2013 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

There are several posters from Hong Kong. Just give them time. They might be asleep now; it is 12:16 am. I find many posters from Hong Kong haven't been active since 2009. Really hope that they will show up. I believe there must be someone who come up with similar idea before. May be this approach ...
by swj05652
Fri Feb 01, 2013 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

I don't believe there is a way to avoid. In the US we get an offsetting tax credit or deduction for the withholding if held in taxable account. If held in tax deferred account, we are all in the same boat of paying the tax. You can sell before the div but don't forget besides commission you are als...
by swj05652
Fri Feb 01, 2013 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Re: Avoid the dividend tax on foreign investors [Hong Kong]

I don't believe there is a way to avoid. In the US we get an offsetting tax credit or deduction for the withholding if held in taxable account. If held in tax deferred account, we are all in the same boat of paying the tax. You can sell before the div but don't forget besides commission you are als...
by swj05652
Fri Feb 01, 2013 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

Avoid the dividend tax on foreign investors [Hong Kong]

[Note: restarted thread. Check post dates before responding. - admin alex] This is my first post. I knew this forum a few months ago. And I learned a lot in a recent time of period by reading the Wiki and the book " The Bogleheads Guide to Investing ". Great forum and great book! Without ...
by swj05652
Fri Feb 01, 2013 5:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Avoid the dividend tax on foreign investors [Hong Kong]
Replies: 33
Views: 3306

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