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....






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