- Joined
- Dec 15, 2012
- Messages
- 2,992
- Points
- 63
Actually hor, the ETFs (2822 and especially 2823) underperformed the SH Composite Index.
Peaceful Insurer would have been better to mimic the SH Composite and can use derivatives some more.
Chinese insurers can book unrealised stock portfolio gains (from using "free float" arising from premium income aka Warren Buffet style) which is NOT in compliance with international standards. This also means when market drops, unrealised losses will also have to be booked - then these insurers' stocks will drop like a ton of bricks. Also got derivatives to short (due liquidity is considerably less but still acceptable) the Peaceful Insurer. All in all not very peaceful but sexciting.
U think worrying too much and being way too cautious will get nowhere but to mainly rely on a wage?