S&P 500 is overbought

and I am expecting pullback in coming weeks or months; about 5-15% correction. With this in mind, I am going to slow down investment for my local portfolio, and may do some rebalancing to my portfolio. I would also use this period to strengthen my war chest.

For my oversea portfolio, I would continue with the DCA strategy but at a reduced amount for ASHR and KWEB since both also seem quite overbought recently. My plan for Alibaba is already mentioned in https://ainvestor.blogspot.com/2021/01/jack-ma-1st-public-appearance.html.

One more trading week to end January 2021. Another 11 months for me to achieve my plan mentioned in https://ainvestor.blogspot.com/2020/12/summary-for-2020.html.

Always follow a plan in investing. Cheers!

Jack Ma 1st public appearance

since October 2020 causes Alibaba share price jumped on Wednesday, followed by a retracement for the next 2 days. However, it still break the resistance at ~US$252 easily. Currently, my average buy price is ~US$240. My plan for Alibaba is to add more:

• If it goes below US$240.
• If it goes above recent high at ~$269.
• If it break above the 100MA

For the past week: 

Sold some Jardine C&C @ $22.81.
Added Mapletree Industrial Trust @ $2.89.
Added Keppel DC Reit @ $2.82.
Added Alibaba @ US$257.20.
Added ASHR @ US$42.40.

STI ranged between 2981 and 3017.

Gold has continued its retreat

and is getting into my radar. I have mentioned in my previous post that I would plan to include Gold related investment into my portfolio in 2021. I would monitor to execute my first purchase of goldmine ETF based on technical analysis.

STI is back to 3000 after ~11 months - a surge of about 580 points (~24%) since Nov 2020. For the past week, I have:

Sold some Jardine C&C @ $22.02.
Added KWEB @ US$79.90.
Added Alibaba @ US$242.75.

STI ranged between 2968 and 3012.

What is the next target for STI

after covering the gap mentioned in http://ainvestor.blogspot.com/2020/12/broaden-my-portfolio.html? From weekly chart, STI formed a double bottom and back test at 2800 before moving up to 2900+ region. Potential target for a double bottom formation would be ~3100-3200. This may take few weeks/months.

Currently, STI is moving up due to recovery of cyclical stocks. As STI moves up, I would adopt a re-invest strategy and look out for opportunities to broaden my portfolio.

Did a divestment and several investments this week; mostly based on technical analysis.

Sold some SGX @ $9.76.

Added ST Engineering @ $3.78.

Added Keppel DC Reit @ $2.72.

Added Alibaba @ US$229.55.

Added ASHR @ US$42.55.

STI ranged between 2832 and 2993.

Welcome BABA

into my stock portfolio.

Yes, I have included Alibaba into my oversea portfolio after doing some research. I understand its intrinsic value is above US$300+ from several sources. As it is still unclear how BABA antitrust probe would end, its share price is expected to be very volatile. My first purchase is @ US$217.60. My plan would be to add more shares at different support levels based on technical analysis.

Happy New Year 2021 and happy investing :)

Monthly Summary of December 2020

Local Portfolio (S$)

Investing: $162277
Market Value: $180230
Accumulated Dividend: $4289

Oversea Portfolio (US$)

Investing: US$9908
Market Value: US$10860
Accumulated Dividend: US$39.71

Short and quiet trading week

before Christmas. Santa Claus has decided not to give any gift to investors :(

I have added ASHR @ US$38.51 and KWEB @ US$76.75. Alibaba has captured my attention when it retreated 38.2% from its peak 1 month+ ago. Now, I going to start to monitor it after it plunged to US$222/HK$228 on 24 Dec 2020. However, I would need a plan if I want to invest in Alibaba. Should it be buy at support levels or DCA?

STI ranged between 2834 and 2847.

Summary for 2020

It has been 7 months since I start to create this local stock portfolio which focus on building passive income via dividend. I am glad that I have followed and even exceed my initial investment plan for this year.

Next year, I would not be putting in another $160k+ in local investment. I would adopt a more gradual approach. My plan for 2021 is to increase this investment to ~$180k.

If you have followed my blog, you would have know that I have also create another stock portfolio to gain exposure to oversea stock markets to focus on yearly growth. Since I am new to oversea stock markets and do not have time to do research, my strategy is to play safe and just purchase ETFs. I filtered them to my preference of China and Technology companies, and started to invest into ASHR and KWEB. I have adopted dollar cost average method. I have invested about US$9k till now.

My plan for 2021 is to increase this investment to US$28k. I am also considering to include a small portion of Gold related investment.

Happy investing and always has a plan!