At this point, mentioning anything related to the insanity of Hong Kong’s housing market is akin to beating a dead horse. Prices have been rising, and they’re projected to keep rising, while household income stagnates. Further, as technology convolutes the financial landscape, emerging millennials and gen z investors find themselves in truly turbulent waters.
But according to local investment Guru, Larry Hung, all is not lost. In his second Lens episode with us, he draws from his past childhood and his future fatherhood to give us some advice on how to approach property investment.
First and foremost, Larry believes in introducing basic economics skills and the concept of money to children and teenagers from an early age. His Fukien heritage meant that his father and uncle were eager to instil in him the interest to invest. In his journey since, Larry has come to put a lot of stock in diversity – specifically diversity in experience. He compares the workspace to basketball, where each member of his team excels at a different position on the court. And as you slowly transition into a professional, it’s important to understand that the act of investing becomes almost athletic. Day in and day out, you’re constantly honing your edge and keeping up with the market even if you won a medal last season. It’s not just your own capital at risk now – you’re carrying the burden of many a stakeholders’ trust.
As the episode goes on, Larry sheds light on his future as a father, and how he plans to teach his child about investing. He also postulates on some changes he wishes to see in the industry and what he thinks about the rise of investment apps and other specialised technologies. Tune in above to catch his wisdom right from his mouth!
▶ About the Guest
Larry Hung, is the Co-CIO of Centaline Wealth Management. He runs a hedge fund and a bunch of discretionary accounts which focus on three main sectors – TMT, discretionary consumption and healthcare. He is value and growth oriented, and a true long-term focus investor. Larry started the investment brand Oceanic with his partner Michael Kan in mid 2017. The company formed a Joint-Venture like structure with Centaline in late 2019. Recently, he launched a global mandate hedge fund that aims to run a concentrated portfolio with no more than 15 holdings, with a target to achieve “home run” returns for investors. Larry and his team are now accepting inflows and expect the fund to trade in mid-Oct.
▶ Connect with Guest
Web site: https://www.centasec.com/oceanic/