On 7 June, I blogged about buying and selling Chinese language tech shares for pocket cash.
Again then, Chinese language tech shares skilled uplifts of their costs and I bought a few of my models in Lion-OCBC Dangle Seng Tech ETF.
AK invests in tech shares?
Alamak, this should be AK’s lengthy misplaced evil twin running a blog!
Anyway, in case you do not know, learn:
I added to my place twice within the ETF within the months resulting in 7 June.
The ETF doesn’t pay a dividend and it’s not an excellent match for the purist revenue investor.
So, for me to make some cash from the ETF, I’ve to commerce which was what occurred on 7 June.
Fairly first rate capital positive factors.
With the ETF’s unit value having declined relatively considerably, I made a decision so as to add to my decreased place.
I positioned an in a single day BUY order at a value decrease than my common value and it was crammed early this morning.
It was barely decrease than the worth which marked the bottom level of the double backside sample which shaped in April and Might.
Technically, the ETF is oversold but it surely may, in fact, keep oversold for some time.
I don’t see a constructive divergence because the MACD has not shaped a better low.
So, the ETF may see its unit value drifting decrease or going sideways for a bit.
May we see the low of 15 March retested?
If that ought to occur, I hope I’d be courageous sufficient to purchase some.
Other than this buy, I additionally added to my funding in IREIT World at near 50c a unit earlier within the week.
Mr. Market appears to have taken some medicine and despair has stabilized.
Nonetheless, Mr. Market may get one other bout of tension and, the whole lot else being equal, I’ll most likely get extra IREIT World on a budget then.
The one factor holding me again now could be the truth that the brand new yr is coming in about 3 months.
I must put aside $40,000 to make voluntary contribution and high as much as my CPF account.
It would sound like I’m complaining however I actually am not as a result of, to me, the CPF is a danger free and volatility free funding grade bond.
At my age, having a significant funding grade bond part in my funding portfolio is wise.
My important CPF financial savings offers certainty and peace of thoughts.
I do know issues are trying fairly unhealthy in additional methods than one and on many fronts.
Nonetheless, we have now to soldier on as even the darkest evening will finally go.
If AK says so, it should be so. ;p
Just lately revealed:
IREIT World is a discount.