Updated on August 6, 2018
As expats living in China, we must often sign agreements with local Chinese parties. Whether they’re regarding our rental agreements, or salaries, it is important to know how to stay properly protected.
We recently interviewed a contract lawyer, Laura Shang of Shanghai Know-How Law Firm to give us clarity on this. Here are the most important tips we learned:
1. Doing Nothing
Keeping your hard earned money in cash (such as a checking account) will make it much harder for your to properly prepare for retirement. In fact, most checking accounts lose money, when taking inflation into account. Investing efficiently and compliantly while abroad can be a daunting task, but with a little research, quality financial advisers can be found.
At O&G we have a book club where each month we share a list of books that every member should read to not only enhance our work environment but also for the sake of cultivating our own minds.
1-ReWork, by D. Hansson and J. Fried
This short and sweet book written by the team at 37 signals helped us reshape and simplify many internal processes at our firm.
IRAs are powerful tools available to American individuals, allowing them to save for retirement with tax-free growth, or on a tax-deferred basis. They are vastly under utilized because many people don’t understand how they work. We break down the basics below.
The stock market stumbled out of the gate on Thursday due to concerns over U.S.-China trade relations, but found its footing as Apple (AAPL 207.39, +5.89, +2.9%) extended its post-earnings rally, becoming the first company ever to reach a market cap of $1 trillion. The S&P 500 finished higher by 0.5%, erasing an opening loss of around 0.6%.
Equities had a mixed outing on Wednesday as investors took in the latest batch of corporate earnings and digested the Fed's latest policy directive. The S&P 500 and the Dow Jones Industrial Average finished with modest losses, shedding 0.1% and 0.3%, respectively, while the tech-heavy Nasdaq Composite climbed 0.5%.
Stocks broke a three-session losing streak on Wednesday, with industrial shares leading the charge. The major averages extended modest opening gains throughout the morning, but slipped a bit in the final stretch, closing a step below their session highs. The S&P 500 added 0.5%; the Dow climbed 0.4%; the Nasdaq rose 0.6%; and the small-cap Russell 2000 jumped 1.1%.
Stocks dropped for a third straight session on Monday, with tech shares again pacing the retreat. Both the S&P 500 and the Dow Jones Industrial Average lost 0.6% apiece, while the tech-heavy Nasdaq Composite tumbled 1.4%. The averages opened flat, but slipped into the afternoon, settling just above session lows.
Stocks started Friday stable, but began tumbling in the afternoon, with tech shares pacing the broad-based retreat.
The tech-heavy Nasdaq dropped 1.5%, ending the week lower by 1.1%. The S&P 500 and the Dow also declined, losing 0.7% and 0.3%, respectively, but managed to keep in positive territory for the week (+0.6%; +1.6%). The small-cap Russell 2000 under-performed (-1.9%), extending its weekly loss to 2.0%.
About the O&G Research Team
The O&G Research Team publishes insights on the global markets. Our research scope ranges from the US to China.
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