Bought Baidu and Tencent shares.
Was happy to know that I can buy Tencent shares from TD Ameritrade (under stock quote TCEHY).
Great as I do not need to pay for custodian fees.
I bought Baidu as the PE is good (20), and their half year profit is already up 35% (i think..).
They are like the Google of China, even if they slowly get destroyed by Ali Baba or Tencent, it may not be so soon.
They are also investing in AI, and doing the self driving project in China.
If there is a financial crisis, it will still do okay as people with no money can still surf net for free (and they may use the internet even more).
Out of the BAT (top 3 China shares), I like Tencent the most.
They are omnipresent.
I bought it later than the other 2 because I did not know how to buy them.
I am starting to like China shares, and will look to increase the portion in my portfolio.
And now is a decent time, as US and China might be having a trade war.
And China shares are tanking.
It is impossible or hard to stop China from becoming mighty and powerful.
Their urban population will burgeon even more, due to migration from rural areas.
However, China shares is something that I do not have a good feel of.
I do not use their products or services, I can only read up on them.
All I know is that I feel uneasy about the rising power of China, just as I feel the same for AI and automation.
So investing in them will help me be part of the evolution, turning my fear into an opportunity.
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