Just bought 2 more shares of Tesla at around US$582, as it is close to 150 SMA, which is my next entry point.
There is more confidence, as both Chicken Genius and Tan Kin Lian are selling companies to buy more Tesla.
I think their entry points is around US$600.
Next purchase may
Baidu is one of the stocks that I own but don't really fancy it.
Today's stock market is very red, but Baidu has a slight increase of around 0.6%.
Thought of closing the position as there are many that believe a market fall is coming.
Also recently I have been piling on stocks that dipped, like Tesla and Salesforce.
Selling Baidu just liquidates some cash for me, although not much.
Baidu is a stock I held on to, because it is losing.
I think at one time it fell to around 50% of the money I paid for.
But I held on and got rewarded.
Not that it is painful to hold on to. I only put US$1k.
And by selling today, I made around US$500, which is around 50% gain.
More than my Facebook investment, which is on around 45% gain.
My IG account is getting bigger.
But I only have around S$5k invested in the account.
Current profits is around $12k.
Total portfolio value is around $60k.
I was thinking more about the interest that I pay daily.
I pay around US$5 daily.
To be conservative, I use interest rate of 1.4.
So in SGD, it will be S$7 daily.
Interest rate for a year will be S$2.6k.
That is quite substantial if I deduct it from my annual salary from job.
The account has some Singapore shares, which is DBS and Fraser's Centre Point.
Their current Portfolio value is around S$35k.
Lets say they pay 5% dividends, I will receive S$1.8k.
In other words, the interest that I need to come out from my own pocket will be 2.6k-1.8k = S$800.
Which is still not too bad.
Recently the tech stocks seems to be falling.
Bought another 3 stocks of Tesla, and another 3 at around US$680.
The next target price will be US$560, which is the next moving average support.
Also bought another 10 shares of Salesforce.
I have not yet read why their price fell.
But as a user of their Tableau software, I hope to be holding to more of their shares.
All the above are purchased using CFD, which is borrowed money.
So I have to keep an eye on that, and not lose the profits that was gained from Covid-19 opportunity.
But currently, I felt that the layer of profit is still good enough to take on small risks.
The price of Salesforce now is at a strong support, going back to the point before it broke upwards in 25 Aug 2020.
