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Originally Posted by zyreon
Not sure what stocks to buy exactly, but came across a news website on the Chinese economy: www.chinaeconomicscan.com they put out daily updates.. top 5 headlines etc. There was one thing on there that caught my eye about a chinese video game manufacturer planning to IPO next week. But yeah, with global growth forecast to be -1.5%? and China at about 6.5% maybe it is a good place to put your money!
So that IPO happened, Changyou.com they priced at at the top end of the range at $16, and it closed fully subscribed - very positive event given the current environment. It closed on the NASDAQ at about $19.40 http://finance.yahoo.com/q?s=CYOU so a good outcome there. SOHU still holds 71% of them... http://finance.yahoo.com/q?s=SOHU
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Originally Posted by zyreon
So that IPO happened, Changyou.com they priced at at the top end of the range at $16, and it closed fully subscribed - very positive event given the current environment. It closed on the NASDAQ at about $19.40 http://finance.yahoo.com/q?s=CYOU so a good outcome there. SOHU still holds 71% of them... http://finance.yahoo.com/q?s=SOHU
Good on ya Zyreon.
If there are more IPOs like this one, pls do let us know.
Cheers mate.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Anyone here invests offshore?
Far better gains in overseas stock than local. China stocks have been going gang busters lately.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Originally Posted by Dr_Who
Anyone here invests offshore?
Far better gains in overseas stock than local. China stocks have been going gang busters lately.
Check out ASX:AGF - a fund that tracks the Chinese market
Toulouse-Lucern was into them a while back
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Yeah, some of my Asian shares are booming.
Much more exciting than the NZ blue chip stocks with the exception of NPX... LOL
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Hey Bel, which country is that stock and company name?
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Member
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Member
i dont have access to China market directly..but have access to Singapore/HK shares which l subscribed to when I was working there..
the site I go to www.poems.com.sg
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Junior Member
I wanted exposure to China and India and so used USA based ETFs trading on NYSE - which used to be available through the old National Bank/First Capital share broking set up. The new people don't like to do that, which is a shame.
I managed to buy in when the NZD was strong and so am happy with my long-term investment. I like the fact that ETFs/index trackers have low costs/fees. I am allergic to all sorts of financial managers/advisers who take money without adding value. They make me come out in big blotches of poverty and bitterness.
Everything I read about financial planning tells me to look outside of little old New Zealand and spread your investments- but it seems really difficult to actually invest in a focussed international fund that doesn't charge an arm and a leg. The US ETFs sort of offer that, but then life becomes complicated with taxation issues - and the need for full service brokers to actually trade.
We have the SMART products on the NZX already. It would be neat if they could expand that family to provide focussed global exposure in baskets of shares in large cap India, or energy focussed China, or commodities based in Africa, or whatever.
Couldn't Mark Weldon do a deal with some US based ETFs to have them listed on the NZX? And who knows, perhaps the tide would turn, and Aussie dollars would start flow into the NZ Exchange?
Last edited by Bouncerdog; 08-06-2009 at 10:55 PM.
Reason: Incorrect smelling
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Originally Posted by Bouncerdog
I wanted exposure to China and India and so used USA based ETFs trading on NYSE - which used to be available through the old National Bank/First Capital share broking set up. The new people don't like to do that, which is a shame.
I managed to buy in when the NZD was strong and so am happy with my long-term investment. I like the fact that ETFs/index trackers have low costs/fees. I am allergic to all sorts of financial managers/advisers who take money without adding value. They make me come out in big blotches of poverty and bitterness.
Everything I read about financial planning tells me to look outside of little old New Zealand and spread your investments- but it seems really difficult to actually invest in a focussed international fund that doesn't charge an arm and a leg. The US ETFs sort of offer that, but then life becomes complicated with taxation issues - and the need for full service brokers to actually trade.
We have the SMART products on the NZX already. It would be neat if they could expand that family to provide focussed global exposure in baskets of shares in large cap India, or energy focussed China, or commodities based in Africa, or whatever.
Couldn't Mark Weldon do a deal with some US based ETFs to have them listed on the NZX? And who knows, perhaps the tide would turn, and Aussie dollars would start flow into the NZ Exchange?
This is a very good post Bouncerdog. I hope you send a copy to Mark Wheldon.
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