Even HK/China is rallying.

 As I have previously noted in my portfolio page, the China market crash downgraded my 2800.HK from 'large' to 'medium.' Given the huge uncertainty with China, I decided to continue to hold and add small amounts every month via the FSMOne RSP.

The patient RSP of China/HK ETFs may have finally borne fruit with the China/HK market finally making a noticeable upward move. The effect of the RSP was to lower my average buying price for the ETFs and thus make it easier to breakeven. If dividends are excluded, I still haven't broken even for 2801 and 2800 yet (green for 3010), but this week's rally helped me get closer to breakeven.

From the graph, the extreme correlation between 2800.HK and 2801.HK continues.

NKE pressed buy instead of sell (need more practice)

 

With the sudden rally of NKE which seemed to coincide with the announcement of a new CEO, I decided to exit my NKE position for the 2nd time with a plan to rebuy in the future if price dropped.  Good to close position early on Friday so that I can enjoy Friday night and the rest of the weekend.

Instead of keying in a sell order of $87, I keyed in a buy order of $87, which was promptly filled at $86.80. I immediately keyed in a correct sell order at $87 which fortunately was filled. So maybe my 'mistake' netted me a few extra dollars.

Sold some Singtel

 

3000 @ 3.33 has a nice ring to it. As I mentioned in my previous post, I have added a HK/China dividend ETF to my FSMOne RSP 3110.HK. In addition, I plan to deploy cash from Singtel into 3110.HK.

It's true many are saying that China/HK stocks are a deathtrap, but when it comes to dividend stocks, a lot of them are slow and steady businesses such as the banks which are essentially "Govt-linked companies." There hasn't been any regulator crackdowns on the big Chinese banks for good reasons. 

On the other hand, SIngtel's sudden rise to $3.33 may not be justified by fundamentals, and given the pretty sad price performance of the counter, I can probably rebuy these 3000 shares cheaper when it corrects.

Adding 3110 to my monthly RSP

 Currently I am losing money in HK/China ETFs 2800 and 2801. I am slightly green for my Asia ETF 3010. I have set up an RSP with FSMOne to buy 2800/2801/3010 every month in the hopes of averaging down. Fortunately with zero processing fee/comms, one can RSP small amounts.

One thing I am uncomfortable with is the high concentration of Tencent and Chinese tech in 2801.HK and to a lesser extent 2800.HK. Previously, I could diversify into Vanguards 2805.HK but that was delisted leaving me less choice.

Doing a portfolio review, I have decided to add Global X HSI High Dividend Yield ETF 3110.HK to my RSP. The ETF is doing ok and Global X seems to be staying in HK (always a big risk that US firms like Global X could exit HK market due to political reasons). As it doesn't hold Tencent, it does provide some diversification. TER is moderate at 0.68% and AUM is US$300m+. 

Risk

It's exposure to the property sector is 9% and financial sector is 34%. Since the financial sector is indirectly exposed to property, there's that risk as well. Therefore, my addition of the ETF for RSP is certainly not me going 'all in', but adding a small bit of RSP every month. I will continue to be disciplined about putting most of my free cash into World and S&P500 ETFs.

Sep Strategy: Getting ready for the holidays

After exiting NKE, I have been looking for an opportunity to continue learning more about trading. I felt that $78.40 was a reasonable entry point and I have re-initiated a small position with a view to averaging down and building up a position.

However, the holidays are approaching for me and I am going on a couple of trips in Oct/Nov. I don't go for holidays in Dec as that's usually the peak school holidays crowd. So I will probably have to put my investments in "auto-pilot" mode soon and not hold any trading positions before my vacations.

This will allow me to use my Krisflyer Gold for lounge access (its not PPS but better than nothing). Work-related travel + own holidays with the occasional business class ticket helps me just barely qualify. After I FIRE, I am not sure if I will earn enough miles to requalify - another benefit of staying employed? 😅

Hope everyone takes this opportunity to treat themselves to a nice year-end break!

Its not PPS, but at least better than nothing....

 

Dividends Collected: August 2024

 

Another $30k+ month. This time, its the turn of Singapore stocks like STI ETF and the banks to pay out.