After exiting my positions earlier in NKE and ZM, I had a bit of spare US$ lying around which was earmarked as tuition fees to help me learn trading. I have re-initiated trading positions in NKE, MCD and LLY and added an extra $15k to the tuition fee pool because I will probably need to average down.
Blog started 2016. Achieved Financial Independence in 2021. Personal journal to record investment decisions for my own reference and in future, for my loved ones who will take over the portfolio. Advertising free as I'm not seeking hits or ad revenue. On the internet anyone can have a pretend portfolio, whether you think this blog is fake or real, doesn't bother me. :)
Tuesday, 19 November 2024
Tuesday, 12 November 2024
November Strategy: HK/China and US stocks
The current market narrative is that Trump is bad for China and HK listed ETFs have been hit again, with 2800.HK dropping below $20. This amount of fear is attractive to a contrarian investor like myself. I bought 2000 2800.HK @ $19.83. This is in addition to my regular FSMOne RSP.
Separately, I have been accumulating MCD and NKE, two consumer stocks that were hit by short term losses (surely MCD's food poisoning incident doesn't affect the fundamentals?) and some FLCT REIT. I've also been topping up some of my UK stock holdings such as GSK and Pru.
That's a lot of individual stock purchases for someone who has resolved to buy more World ETFs. I should be resuming World ETF purchasing shortly, just that some individual stocks looked cheap and I couldn't resist....
Thursday, 7 November 2024
Sold ZM @ $80
Exited my position in ZM @ $80 for a US$1.7k profit. Doesn't move the needle much on my net worth, more of me trying to learn/practice trading with relatively small amounts but still large enough that it would be annoying to lose the money.
ZM had a strong run-up recently I guess because of its "AI Assistant"? Anything with AI going up in price?
With companies like Amazon cancelling work from home, better to exit now.
Wednesday, 6 November 2024
US Post-election rally?
I bought more VWRD, VHYD, and NKE earlier this week. I also initiated a small position in McDonalds MCD as I wanted to gain exposure to the consumer sector in case there was a post-election rally.
Based on what CNBC is saying, there is going to be a post-election rally. However, it appears that China stocks will go down as market believes that China tariffs are incoming.
As I've said many times, even if US stocks appear expensive, never underestimate the power of the S&P500.