go away. With this in mind, I have started to slow down my investment since May. Currently, Alibaba share price is trapped in lower high and higher low. I would plan my next purchase at 78.6% fib retracement or when its price breaks above 50dMA.
to underperform, it didn't prevent me from executing my DCA strategy as shown below.
By end of this month, my local portfolio would be 12 months old. I would publish a post to show its stocks and how they have performed.
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by taking some profits from banking stocks and move the capital into REITs and trusts. This shift is to make the existing profit work harder in order to give higher dividend return by end of this year. Up to this month, I would have collected $1489 dividend. Based on my plan, I have set a target to collect about $8000 for year 2021.
*** LATEST NEWS *** Alibaba is fined US$2.8 billion by Chinese Regulators. Bad news is this amount is more than expected. Good news is one big part of uncertainty is removed. Let's see how market would reach to this news on coming Monday; whether its share price has already priced in this amount of fined.
I have added a new member to my oversea portfolio as shown below.
while US and China markets are showing volatility. STI has managed to stay above 3000 which has turned support. However, do note that there is a gap created above 3000 which may need to be filled up.
I continue to strengthen both my local and oversea portfolio:
while technology stocks and REITs are coming down. So what I have been doing recently, and would continue to do so is to rebalance my local stock portfolio. STI has hit 3100 target this week as mentioned in https://ainvestor.blogspot.com/2021/01/what-is-next-target-for-sti.html.
For my oversea portfolio, it has weaken further; at one time it even dip into negative region before rebounding. I would simply continue with my DCA strategy.
Surprisingly, the return rate (%) of my local stock portfolio has overtaken my oversea one after just one month. STI has fought back.. LOL.
I have divested some STI ETF @ $2.94 and added the following:
Oversea Portfolio (US$)
at 2900 on Friday. However, I am expecting stronger support at 2800-2850 region.
but its US share price dropped ~4%; exposed a big price difference between its US and HK share prices. Initially, I thought I could execute my plan mentioned in http://ainvestor.blogspot.com/2021/01/jack-ma-1st-public-appearance.html to add more when it goes above its recent high at US$269. To my surprise, its US share price plunged after its good result announcement. I was unable to hold back my itchy finger, and decided to add more Alibaba during this pull back.
For this week:
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!
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:
STI ranged between 2981 and 3017.
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.
to Christmas! Will we have a Santa Claus Rally this year? Don't hope, just stick to my plan.
I have added Mapletree Industrial Trust @ $2.81, ASHR @ US$39.20 and KWEB @ US$76.65. With this, I have achieved my extended target of $160k in local investment this year.
STI ranged between 2818 and 2848.
to end of 2020. I have achieved my first target which is to make a $150k investment in my local stock portfolio. However, I am thinking to extend it by another $10k to $160k before year-end.
This week, I have divested some Jardine C&C @ $20.90, and added on ASHR @ US$38.01.
Due to my recent divestment, I am looking for opportunities to re-deploy the money again while STI is testing 2800.
STI ranged between 2724 and 2814.
to Dow and STI respectively. No one know whether this is a start of next bear market and just volatility before US Presidential election.
I just stick to my plan to purchase the following:
STI ranged between 2420 and 2540.
to end the sideway movement of stock market based on past years statistic. There are only 2 weeks+ to US Presidential election. I am looking to invest another $10k in local market by end of this year.
This week, managed to add these stocks:
STI ranged between 2518 and 2570.
to correct, I would treat it as an opportunity to accumulate both ASHR and KWEB ETF for long term investment.
Made the following purchase via Tiger Brokers. For the 3 local purchases, I am paying $9 fee instead of $85 if I am still using my previous trading platform. If 100 trades, that would mean saving of about $2500. Saving $ makes me a happier man :)
on Thursday and Friday ''lure'' my money into the stock market.
I have finally made my first investment into a China Technology ETF mentioned in breakdown-of-my-investment-amount.html. The selected ETF is KWEB, and the following are what I have purchased this week.
for past few weeks as suggested in singapore-election-2020.
This week, I didn't make any stock investment, not even ASHR which I suppose to adopt a dollar averaging method. ASHR jumped more than 3% on Friday which causes me to have 2nd thought.
However, I continue to follow my plan to slow down my investment in local market as shown below:
