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  #81  
Old 24.08.2021, 16:00
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Re: 3a pillar vs personal investing

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it's useful because if you put in new cash, you can end up having to wait a month before it is invested.
Case in point: yesterday, I put money into the stock market investing in beaten down Chinese tech stocks. I also did the same for the 3a.

Today, I'm up over 10% on my investments that were not in the 3a. The 3a investments are still sitting in cash waiting for the next re-balancing date which takes place at the end of the month.
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  #82  
Old 24.08.2021, 16:18
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Re: 3a pillar vs personal investing

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Case in point: yesterday, I put money into the stock market investing in beaten down Chinese tech stocks. I also did the same for the 3a.

Today, I'm up over 10% on my investments that were not in the 3a. The 3a investments are still sitting in cash waiting for the next re-balancing date which takes place at the end of the month.
I can't wait for my salary to land (tomorrow I think) so I can put more in Chinese tech. At these prices I just want as much as I can get. After all, Saint Terry said (in relation to tobacco) that regulatory threats helps those already established in the industry!

Sadly I've missed a very good day today. Although my Pinduoduo bought recently is up 14% today .

What did you buy?
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  #83  
Old 24.08.2021, 16:28
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Re: 3a pillar vs personal investing

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I can't wait for my salary to land (tomorrow I think) so I can put more in Chinese tech. At these prices I just want as much as I can get. After all, Saint Terry said (in relation to tobacco) that regulatory threats helps those already established in the industry!

Sadly I've missed a very good day today. Although my Pinduoduo bought recently is up 14% today .

What did you buy?
JD and BABA. Almost bought Tencent too.

I think the regulatory threat is very much different for tobacco and chinese companies. (I didn't take too much seriously the threat for tobacco, but the threat for some chinese companies is existential).
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  #84  
Old 24.08.2021, 16:30
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Re: 3a pillar vs personal investing

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Case in point: yesterday, I put money into the stock market investing in beaten down Chinese tech stocks. I also did the same for the 3a.

Today, I'm up over 10% on my investments that were not in the 3a. The 3a investments are still sitting in cash waiting for the next re-balancing date which takes place at the end of the month.
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I can't wait for my salary to land (tomorrow I think) so I can put more in Chinese tech. At these prices I just want as much as I can get. After all, Saint Terry said (in relation to tobacco) that regulatory threats helps those already established in the industry!

Sadly I've missed a very good day today. Although my Pinduoduo bought recently is up 14% today .

What did you buy?
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JD and BABA. Almost bought Tencent too.

I think the regulatory threat is very much different for tobacco and chinese companies.
These posts are making me nervous.
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  #85  
Old 24.08.2021, 18:53
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Re: 3a pillar vs personal investing

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These posts are making me nervous.
The voice of the ultraconservative equity investor.
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  #86  
Old 24.08.2021, 19:39
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Re: 3a pillar vs personal investing

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The voice of the ultraconservative equity investor.
Haha. Well I’m certainly prepared to take on more risk but I would like to understand the risk that I’m taking on (at least partially). I put a lot of value on one of your earlier posts in the ‘Equity Portfolio Advice’ thread where you commented that it was much less of a jump to go from index ETFs to an active fund rather than straight to stock picking. My asset allocation strategy is somewhat malleable and there could well be place for one or two of BG’s trusts in the near future. I chose to exercise patience here as this possibility only presented itself after a period of very significant outperformance.

What is being discussed here is snapping up individual Chinese stocks because they have been purportedly ‘oversold’. Quite frankly, I couldn’t even begin to make such an assessment. Moreover, I’m also conscious of what appears to be a blurring of the line between investing and trading on momentum. I hope this helps explain my comment.
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  #87  
Old 24.08.2021, 19:42
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Re: 3a pillar vs personal investing

The more trading you do, the closer you are to a zero sum game. A 10% rise in a day is simply indication of a volatile stock.
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  #88  
Old 24.08.2021, 19:48
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Re: 3a pillar vs personal investing

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The more trading you do, the closer you are to a zero sum game. A 10% rise in a day is simply indication of a volatile stock.
The high level of risks being taken is often not realised by very SUCESSFUL but younger investors. Recent history has been very kind to those taking high risks.
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  #89  
Old 24.08.2021, 22:35
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Re: 3a pillar vs personal investing

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Haha. Well I’m certainly prepared to take on more risk but I would like to understand the risk that I’m taking on (at least partially). I put a lot of value on one of your earlier posts in the ‘Equity Portfolio Advice’ thread where you commented that it was much less of a jump to go from index ETFs to an active fund rather than straight to stock picking. My asset allocation strategy is somewhat malleable and there could well be place for one or two of BG’s trusts in the near future. I chose to exercise patience here as this possibility only presented itself after a period of very significant outperformance.

What is being discussed here is snapping up individual Chinese stocks because they have been purportedly ‘oversold’. Quite frankly, I couldn’t even begin to make such an assessment. Moreover, I’m also conscious of what appears to be a blurring of the line between investing and trading on momentum. I hope this helps explain my comment.
The Chinese tech stocks are now falling knives. Try to catch them at your own risk!

BABA was already a holding of mine from 2018 and yesterday was a chance to add more at 2018 prices.

JD was not a holding, I found always too expensive (and still do) but decided to take a punt mainly due to impatience.
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  #90  
Old 24.08.2021, 22:51
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Re: 3a pillar vs personal investing

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The more trading you do, the closer you are to a zero sum game. A 10% rise in a day is simply indication of a volatile stock.
I was talking about investing new money from salary. Not planning on selling anything.

The 22% (!) gain in pinduoduo the day before my planned purchase has naturally made me think again. I might make FMF happy and put it in FS.
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  #91  
Old 24.08.2021, 23:03
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Re: 3a pillar vs personal investing

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I was talking about investing new money from salary. Not planning on selling anything.

The 22% (!) gain in pinduoduo the day before my planned purchase has naturally made me think again. I might make FMF happy and put it in FS.
You have been known to trade though

Considering money is fungible, if you’re not selling then you are essentially re-buying all of your positions each day...
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  #92  
Old 25.08.2021, 16:06
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Re: 3a pillar vs personal investing

Though instead of buying meme stocks, maybe better to stick to boring ones. DKS is a 6 bagger since the covid low and even doubled YTD. Plus they haven't got the threat of having the CCP throw the founder into a gulag and destroy the company with regulation.

https://finance.yahoo.com/quote/DKS?p=DKS
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  #93  
Old 25.08.2021, 16:40
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Re: 3a pillar vs personal investing

Any views on ZIM - Israeli shipping company that apparently has some deal to ship Alibaba's fake crap. Special dividend of 2USD coming up.

EDIT : BMW seems to have a P/E below 5 - how could that be ?
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  #94  
Old 25.08.2021, 17:23
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Re: 3a pillar vs personal investing

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EDIT : BMW seems to have a P/E below 5 - how could that be ?
5 seems to be a pretty typical PE for a car company - at least it was before tesla and the electric car craze.
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Old 26.08.2021, 10:50
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Re: 3a pillar vs personal investing

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These posts are making me nervous.
I read this as "These pretzels are making me thirsty" and my mind went immediately to



https://www.youtube.com/watch?v=DRaLpHoZA8E
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