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**tech stocks getting bitch slapped

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#26
milwaukee mike

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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



#27
mikeman

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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.



#28
milwaukee mike

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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



#29
mikeman

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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

Fine, but can you really trust the financial info chinese co's put out?



#30
Sol Diablo

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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.

#31
MonkeyF0cker

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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.



#32
Sol Diablo

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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.  



#33
mikeman

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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).



#34
Sol Diablo

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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. 



#35
August West

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I pulled out  of about 40 % of my exposure on Mon, thank god.

Seriously?  That's some great intuition.  Congrats.



#36
mikeman

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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.



#37
mikeman

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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?



#38
MonkeyF0cker

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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.



#39
Dingo

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Before investing in any Chinese companies you should watch China Hustle on Netflix

#40
tjd

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Before investing in any Chinese companies you should watch China Hustle on Netflix

 

excellent advice, been involved first hand with some bad apples



#41
Machiavelli

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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. 


"Men in general judge more from appearances than from reality. All men have eyes, but few have the gift of penetration." -NM


#42
milwaukee mike

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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



#43
milwaukee mike

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back down the crapper we go, down 500

 

burn baby burn!!!   :avril



#44
tjd

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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



#45
milwaukee mike

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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



#46
tjd

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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



#47
Axl Rose 2018

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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
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#48
milwaukee mike

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yes,  i had it from $1.12 to $3.33

 

great minds think alike  :shake

 

try3 would've liked that sell point



#49
tjd

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great minds think alike  :shake

 

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



#50
mikeman

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what did you say?

Shit for brains

Shhhh, men are talking.






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