On the same subject as Matt talked about investing in the
Chinese mkt ...
" Investors throughout China are waiting for the government to
step in and buy more stocks so they can close out their positions,
but many are losing hope."
"But after sinking his entire life savings $164,000 and his
relatives' money into shares of a local mining company, he lost
everything. Not only that, but Yang's brokerage convinced him to
borrow more than $1 million to buy stocks on margin. He now owes
roughly what he originally invested after liquidating his
portfolio."
The Market dynamics and sentiment will be screwed for awhile
there ...
China....
China....
Posted by mla127 on 28th of Jul 2015 at 02:08 pm
On the same subject as Matt talked about investing in the Chinese mkt ...
" Investors throughout China are waiting for the government to step in and buy more stocks so they can close out their positions, but many are losing hope."
"But after sinking his entire life savings $164,000 and his relatives' money into shares of a local mining company, he lost everything. Not only that, but Yang's brokerage convinced him to borrow more than $1 million to buy stocks on margin. He now owes roughly what he originally invested after liquidating his portfolio."
The Market dynamics and sentiment will be screwed for awhile there ...
http://www.cnbc.com/2015/07/28/chinese-farmer-invested-life-savings-in-stocks-lost-it-all.html