Just bought Amazon and Alphabet, and broke 2 of my rules.
But I think they are necessary, to hedge my fear of them dominating the world.
I have been waiting too long for them to drop, and they did not.
I entered, but not a big portion. Just 1k SGD each.
If they drop, I will buy more of them. I just want to own them first.
What 2 rules? One rule is to buy only when PE is equal to or less than 15.
The other rule is only enter when they are nearing the next support zone.
But for those potential world dominating brands, I can forgo the rule of PE ratio 15.
Because if they are to conquer the world, their earnings will be increasing exponentially in future.
But I will still try to stick to the latter rule, which is to buy again only when they drop to their previous support zone.
What are the companies that I think may dominate the world in the near future?
Amazon, Alphabet, Facebook, Uniqlo, Netflix
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