Bought another 3 Tesla, Cardano

 

Bought another 3 Tesla.

Though I relooked at the chart, I should have maybe waited for the yellow line, which is the 150 SMA.

Initially I bought it as I thought it was reaching the green line.

But Tesla is a good stock to hold.

It is the world changing company, and very likely to be the most valuable company in the world.

Also recently bought 1000 Cardano coins, which cost around $1.25 USD each.

Bought it as recommended by an IT colleague in my company.

Did not put in a lot. But it is interesting, as I get free coins every week by staking.

The founder, Charles, also seem like a genuine person, with good intentions to help poorer countries.

80 Tesla shares now

 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

be around US$500.

Goodbye Baidu

 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.

Debt of Margin account

 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.

Tesla and Salesforce update

 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.

Small purchase of Tesla

 

Bought 2 shares of Tesla.

Looked at 5 mins chart to see when to enter.

Waited for $813 as it is a nicer number.

2 reason for buying.

Chicken Genius going all in on Tesla

Tesla bought 1.5 billion worth of Bitcoin.

I do not own any bitcoin.

But buying Tesla is in some ways I am buying Bitcoin.

I only bought little, as Adam Khoo says both Tesla and Bitcoin are bubbles.

Also, I only want to put US$1.6k more at the moment, even though it is using debt.

Might nibble again if it goes around $760, using moving averages.

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.