Congrats! Its shares dropped ... good catch!
David Faber on Squawk seemed to have some inside info tonight and said Ma is laying low and trying not to antagonize the CCP. It was a weird thing - Faber was being extremely cautious in what he said (trying not to get his friend into further trouble I assume). From an investment POV Jack doesn't run BABA anymore anyways.malcontent wrote: ↑Tue, 05 Jan 2021 10:27 pmI stopped my daughter twice over the last several months from buying BABA. She is certainly happy that I did. The wife wasn’t so lucky, she doesn’t go through me to trade.
That's very brave of you. CongratsPNGMK wrote:I made a bit of money shorting BABA on that news
Enough for two good meals.
up SGD28,000 since Jan 1. I actually have most of my portfolio in a few funds now (saxo select) and some DBS/SGX but don't actively trade. On average I've made $20,000 per year on about $200,000 for the last 5 years (trading weekly or more) so this is a real change for me (I've moved away from actively trading to a buy / hold and cost average investment into funds).
Yes that's it. I've been looking as well for a more actively traded tech oriented fund as well - anything you like out there?malcontent wrote: ↑Fri, 08 Jan 2021 8:10 pmVanEck Vectors Morningstar Wide Moat ETF?
That’s an interesting one. Looks like a safer holding... hence the name. Looks like it dropped less than the market during March last year, but hasn’t risen as much as the market from then to now. The dividend yield is similar or a bit less than the market overall.
I need to look at something safer like that as I get closer to retirement, was thinking maybe a high dividend yield fund.
Nice! Thanks for sharing your strategy. I have been a bit all over the place. I went overweight into STI etf in 2020 beginning, thinking it was cheap and US overvalued. But STI tanked hard and is only recovering now. I had 200k in STI ETF and I sold 100k last week. I will sell the remaining 100k if STI goes to 3200 and then look at investing it in more global broad balanced manner.PNGMK wrote: ↑Fri, 08 Jan 2021 3:58 pmup SGD28,000 since Jan 1. I actually have most of my portfolio in a few funds now (saxo select) and some DBS/SGX but don't actively trade. On average I've made $20,000 per year on about $200,000 for the last 5 years (trading weekly or more) so this is a real change for me (I've moved away from actively trading to a buy / hold and cost average investment into funds).
My SRS is doing really well also - I have it in some Great East funds and they are back up nicely.
You HAVE to be in the market as the inflation is going to be nuts soon and the rates are effectively negative already. I've split my funds into three - 1/3 in Sing stocks, 1/3 in a moderate ETF style fund and 1/3 in a MOAT fund. MOAT is doing best but the moderate ETF fund is the more stable one.
My largest holding by far is VTI - the total US market index. About 25% of the index is tech, so that is how I get my tech exposure.
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