Comments by "GTW" (@gtw4546) on "Hints Beijing authorities gave to address a banking crisis and the collapsing Chinese yuan" video.

@taco7043 Many a gambler failed to quit while ahead and lost everything. "Past performance is no guarantee of future results."
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The options that you described don't sound like investing at all but rather like gambling. Putting your money behind corporations that you believe in for product quality, a real market for the product, and sound corporate management - THAT is investing.
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@taco7043 Sometimes that's true, but you have to consider that many of China's Big Tech leaders are stepping down so perhaps know something that you don't? China's tech sector is under increased regulation from the CCP and are at risk of delisting from exchanges for failure to comply with standard accounting practices and/or refusal to allow their books to be audited.
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@taco7043 Not a newbie and I retired early.
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@taco7043 Diversify. Avoid both fear and greed. Management changes, market conditions change, products may no longer be relevent - the idea that you "never sell" was something you read into what I wrote. The lack of transparency by the CCP is a very good reason to avoid China - you can't make good decisions without reliable information.
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@taco7043 No one wants it because it IS GARBAGE. Six months is too short a time frame. Frequent trading will increase your tax liability. Diversification isn't a meme - it is tried and true advice that has withstood many downturns. How well will you be sleeping if your $480K became $240K overnight? Diversification can limit losses and reduces volitility. That large a cash position will erode your purchasing power through inflation.
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@taco7043 How is it doing now for you? Did you get out in time?
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Systemic corruption goes far beyond individual fraud cases. The fraud is just the tip of the iceberg.
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