Wednesday, September 28, 2022
HomePassive IncomeChinese language tech, IREIT International and CPF.

Chinese language tech, IREIT International and CPF.


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 items in Lion-OCBC Grasp Seng Tech ETF.

What?

AK invests in tech shares?

Alamak, this have to be AK’s lengthy misplaced evil twin running a blog!

Anyway, in case you do not know, learn:

Investing in Alibaba and Tencent.




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 isn’t a very good 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.

See:

Buying and selling Chinese language tech shares.

Fairly first rate capital beneficial properties.

With the ETF’s unit value having declined reasonably considerably, I made a decision so as to add to my diminished 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 value which marked the bottom level of the double backside sample which shaped in April and Could.

Technically, the ETF is oversold however it 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.




Might we see the low of 15 March retested?

If that ought to occur, I hope I’d be courageous sufficient to purchase some.

Aside from this buy, I additionally added to my funding in IREIT International at near 50c a unit earlier within the week.

Mr. Market appears to have taken some treatment and despair has stabilized.

Nonetheless, Mr. Market may get one other bout of hysteria and, every thing else being equal, I’ll likely get extra IREIT International 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 have to put aside $40,000 to make voluntary contribution and prime 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 threat free and volatility free funding grade bond.

At my age, having a significant funding grade bond element in my funding portfolio is smart.

My vital CPF financial savings offers certainty and peace of thoughts.





I do know issues are wanting fairly unhealthy in additional methods than one and on many fronts.

Nonetheless, we’ve got to soldier on as even the darkest night time will finally cross.

If AK says so, it have to be so. ;p

Gambatte!

Lately printed:
IREIT International is a cut price.

References:
1. Inflation, passive revenue and finances.
2. CPF cash just isn’t our cash?
3. $1.1 million in CPF financial savings.





RELATED ARTICLES

Most Popular

Recent Comments