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A better investment (for most people) would be in a mutual fund or index that is tied to the Chinese economy.
by samlevine 16y ago
A better investment (for most people) would be in a mutual fund or index that is tied to the Chinese economy.
- maukdaddy 16y agoI cannot upvote you enough on this point. Index/mutual fund is much less risky and provides much better tax benefits, especially if inside an IRA.
- mark_l_watson 16y agoGood advice, I think. Last year I put a year's worth of salary in a good emerging market fund and felt better having diversified. I think for us small investors, diversification for some tiny shred of possible safety is more important right now than maximizing yields. No investment is really safe though - best bet is in producing income in diversified ways.
- cageface 16y agoWhat are some good examples of this?
- beoba 16y agoNot specifically chinese: VGTSX/VTIAX Plus, rather than speculating on a currency, you're actually purchasing a piece of a foreign company's productivity.
- steveplace 16y agoThe least stupid course of action is dollar cost averaging against a global market index but since we're talking about fairly stupid bets such as throwing 4k into the Yuan, then here you go. My bucket: FXI is a China fund EEM is an emerging mkts fund EWS is singapore or you could just assume that the Chinese will want meat so you buy MOO or you can spec on the Yuan directly with CYB.
- alexophile 16y agoOr you can split the difference and look into ETFs comprised of Chinese assets.