Chinese tech, IREIT Global and CPF.


On 7 June, I blogged about trading Chinese tech stocks for pocket money.

Back then, Chinese tech stocks experienced uplifts in their prices and I sold some of my units in Lion-OCBC Hang Seng Tech ETF.

What?

AK invests in tech stocks?

Alamak, this must be AK’s long lost evil twin blogging!

Anyway, in case you don’t know, read:

Investing in Alibaba and Tencent.




I added to my position twice in the ETF in the months leading to 7 June.

The ETF does not pay a dividend and it is not a good fit for the purist income investor.

So, for me to make some money from the ETF, I have to trade which was what happened on 7 June.

See:

Trading Chinese tech stocks.

Pretty decent capital gains.

With the ETF’s unit price having declined rather significantly, I decided to add to my reduced position.




I placed an overnight BUY order at a price lower than my average price and it was filled early this morning.

It was slightly lower than the price which marked the lowest point of the double bottom pattern which formed in April and May.

Technically, the ETF is oversold but it could, of course, stay oversold for a while.

I do not see a positive divergence as the MACD has not formed a higher low.

So, the ETF could see its unit price drifting lower or going sideways for a bit.




Could we see the low of 15 March retested?

If that should happen, I hope I would be brave enough to buy some.

Apart from this purchase, I also added to my investment in IREIT Global at close to 50c a unit earlier in the week.

Mr. Market seems to have taken some medication and depression has stabilized.

Still, Mr. Market could get another bout of anxiety and, everything else being equal, I will most probably get more IREIT Global on the cheap then.




The only thing holding me back now is the fact that the new year is coming in about 3 months.

I need to set aside $40,000 to make voluntary contribution and top up to my CPF account.

It might sound like I am complaining but I really am not because, to me, the CPF is a risk free and volatility free investment grade bond.

At my age, having a meaningful investment grade bond component in my investment portfolio is sensible.

My significant CPF savings provides certainty and peace of mind.





I know things are looking pretty bad in more ways than one and on many fronts.

However, we have to soldier on as even the darkest night will eventually pass.

If AK says so, it must be so. ;p

Gambatte!

Recently published:
IREIT Global is a bargain.

References:
1. Inflation, passive income and budget.
2. CPF money is not our money?
3. $1.1 million in CPF savings.







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