Initiated small China position

I have been wanting to invest in China.

Fearful of them as I live in SEA.

Investing in them helps to alleviate the fear.

When we cannot beat them, join them.
I had an opportunity to buy when they were much cheaper, but did not.

So I initiate a small position today.

Their ETF dipped 3%, and is at a support zone and also fell to 20 SMA.

Their PE ratio is still good at 17%.

The recent for the dip should be due to the news that the government is monitor their big techs now, as they have too much influence in its citizens.

Next level to accumulate will be at $70.

CFD interest rate

 I am unsure how much is the interest rate of CFD, as it is not very clear.

Share financing is around 3%, which is quite clearly stated.

So I did a rough estimation.

From the daily emails they send, I pay around S$3.70 a day including currency conversion fee.

Multiply that by 365, I pay $1,351 a year.

My total position is around S$49,000.

So interest rate is around 2.7%.

Bought Salesforce

 Salesforce dipped around 8% today.

Might be due to the news that Britain has approved the use of vaccine, and it can be used to treat people next week.

I always use Tableau, and it is a important skill to me.

My work efficiency increased many times, and also people in the company values people with that skill.

I used to own Tableau shares, and when Salesforce bought over it, I sold it.

Because of the valuation.

But my mind set has changed regarding valuation, especially for disrupting companies.

I bought it at $222, and will buy again if it dips to $200.

At least I am buying a company that I am familiar with the product.

And I believe it can take over Microsoft Excel, in terms of market share.

Excel is still useful, but more people will find Tableau more useful. But I still need Excel in my current work.

And recently Salesforce released the news that they bought Slack.

Not very sure about that software, though I have heard of it.

And few months ago, they bought Zoom, which I use it at work too.

For this purchase, it is not close to any support line.

So I used moving average to understand entry points.

Current price is at 150 MA.

Next Entry price will be at 200 MA, which is $200.