edhui88

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    • Mon Mar 31st 03:53 AM | Rating: 0 0
      Commented on:
      Pause For Concern On Chinese Currency ETN
      Anyone can open a bank account in Hong Kong, say HSBC, and deposit dollars or yen there. The banks in Hong Kong would allow you to exchange funds into Renminbin deposit which pays you a small interest say 0.1-0.5pct. The max amount exchangable per day, I believe, is HKD50,000. This beats the Everbank account however, the spread could be slightly bigger. Do check with your bank when you do it. Better still, foreigners are allowed to exchange USD50,000 per year into RMB at any domestic Chinese banks. The Chinese banks are paying 4-5pct interest on one-year deposit. The down side is you have to pay interest tax which is 20pct.
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    • Sun Mar 23rd 12:48 PM | Rating: 0 0
      Commented on:
      Market Outlook: Watch Out, the Signs Can Be Deceiving
      Nobody knows for sure where the market will go from here. All I know is to buy or sell something that I feel comfortable and doesn't require my constant checking on the price. If I find myself checking the price repeatedly, it means I am speculating. Whenever that happens, I'm in trouble.
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