September has been a month of correction for US market, with tech companies taking the hardest hit. Market darlings like Apple, Zoom & Tesla retreated from their all time high and I took the opportunity to take a bite at Apple stock. With the upcoming US presidential Election and the growing Covid 19 numbers, stock market might stay volatile till end of the year.

While many beneficiaries of Covid 19 companies are still trading at very high valuation, I have to be more selective of companies to invest in. One of the shares which I believe is reasonably trading below its intrinsic value is JD.com.

I bought 50 shares of JD in 2018 at the price of $37 and $41.40 when it was not profitable back them. When Liu Qiangdong was investigated on the suspicion of rape, I then added another 20 shares at $27.50. The stock price hit rock bottom at $19.27 before it recovers. I am glad