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Thread: The TSP and Chinese Investments

  1. #13

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    Default Re: The TSP and Chinese Investments

    Thanks for the idea, but the "Hassett-Ghilarducci White Paper" is about expanding a TSP-like savings vehicle to low income. I see nothing about China in it.

    There's a thread that better relates to that paper here: https://www.tsptalk.com/mb/tsp-talk-...help-poor.html

    Question is, if someone is "low-income", how are they going to be able to contribute to a 401k to begin with? The answer - you guessed it, just print money. I'm sure rangerray is going to love that proposition.

    Many of the plan’s would-be beneficiaries pay little in federal income taxes today, so the cost in foregone taxes is smaller than one might think. The government match does cost more, but the government currently borrows at close to a zero percent interest rate, money which would be given to workers to invest in private capital that has a higher return.
    https://eig.org/wp-content/uploads/2...Paper-IWBI.pdf

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  3. #14

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    Default Re: The TSP and Chinese Investments

    Another reason why there is no reason to add China risk. Didi was one of the biggest IPO's of the year and one of the most anticipated foreign IPO's since Alibaba. Wall Street was blindsided by Chinese government decision to examine Didi's practices. Ant Group was shelved in November 2020 after the IPO fell apart.

    Didi’s American depositary shares fell 20% to $12.49, wiping out about $15 billion of market value and taking the stock below the $14 price from its initial public offering. Beijing-based Didi controls almost the entire ride-hailing market in China and raised $4.4 billion last week in the second-largest U.S. IPO for a Chinese firm.

    Over the weekend, China also moved against two other companies that also recently listed in New York, -- Full Truck Alliance Co. and Kanzhun Ltd., Ltd.
    https://www.bloomberg.com/news/artic...-to-remove-app

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  5. #15

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    Default Re: The TSP and Chinese Investments

    Another reason why we don't need China shares in any of our funds, Tencent and Alibaba make up 26% of the MSCI China index.

    https://www.ishares.com/us/products/...msci-china-etf

    Both companies are in CCP's crosshairs.

    It's the five FAAMG stocks that make up 23% of the S&P 500. While that's still pretty concentrated, it's better than just two making up 3% more.

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