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Taking profits on SEA, Invesco QQQ & Nvidia and divert from StashAway to Endowus
By Finance Smiths  •  September 4, 2021
The US market, especially NASDAQ, has been on a roll recently after the dovish Jackson Hole speech of Powell. Some of my US tech stocks and ETF gains have increased along with the rally. Yesterday, I decided to take some profits off the table. Even if the market trends higher after that, my automated monthly investment plans should ensure that I can still benefit from further gains. Otherwise, a downward trend in the market means that I get to dollar cost average downwards on my existing positions. I know the argument is that I should let my winners run. The last time I did that was with my Chinese tech stocks and ETF earlier in the year (didn’t take any profits). They crashed after the regulatory environment changed and I didn’t react quickly enough. Yes, I had the opportunity to average down on my Chinese tech stocks and ETF holdings....
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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