People money markets

Money Market Funds Money Market Funds A money market mutual fund is a type of fixed income mutual fund that invests in debt securities characterized by their short maturities and minimal credit risk. Money market mutual funds are among the lowest-volatility types of investments. Income generated by a money market fund can be either taxable or tax-exempt, depending on the types of securities in which the fund invests. Regulations from the U.

People money markets

Now when I first came to China I spent a great deal of time trawling these wholesale markets, learning how it all works. In those early days I made a bit of money, lost about 3 times as much, but more importantly I cut my teeth and learnt from my mistakes.

I hope some of the tips I picked up might prove of some use and save you some of the headaches I had myself.

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So, a wholesale market, what is it? In China there are a lot of extremely large and somewhat repetitive shopping complexes aimed at foreign wholesale buyers. There is quite literally a market for every conceivable product from human hair extensions to office furniture — you name it and there is likely a market here dedicated to it.

I have to admit it. When I first visited one of these places and came across wholesale outlets for Apple, Samsung and Sony I thought I had made it. All sounds too good to be true right? Well let me tell you, all these little stories and more are just a taste of what I have heard in my years of dealing with Chinese suppliers and I have learnt one thing.

If some kids uncle really works for Panasonic then he will be far too busy flying around town in a drop top Lamborghini to be sat smoking cigarettes a day in a shit hole of a wholesale market talking to me. Like most people in business will tell you, there is rarely a get rich quick scheme here or an easy way to make money from China.

What I am saying is that you wont find any glaringly obvious golden gooses in these places but there are certainly enough money making opportunities still available, I know that for a fact. I will start off with some advice. Know what you want to buy. Turning up to China with a fist full of cash and no idea what you want is like a newly abdicated priest turning up to a strip club with his lifes savings.

I also say the same thing for those of you visiting Canton Fair.

People money markets

If you turn up with no real plan then your mind will be blown, and not in a good way. Too many times I have taken clients to a trade show and they have left more confused than when they arrived. Secondly, know your product.

When you begin negotiating with a potential supplier you will be bombarded with questions about the product.

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Those of you familiar with talking to Chinese suppliers will know what I mean. They love to ask you questions. While its obvious that you really need to know what it is your looking to order what you may not realise is that your supplier is also vetting you.

At worst they may think of you as a novice that just might pay over the odds for your order so they can make this months repayment on the new Porsche they have sat in the parking lot downstairs. Really to do well in China you have to be taken seriously, so act a little serious. Have some ideas what you want and know every detail about it.

As I said, there is no end of these wholesale market places here.

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People money markets

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