If you are following my social media page, you are probably already aware that I am in the midst of accumulating more Tencent shares in the past recent weeks (I am done accumulating my position for Baba and has now moved to Tencent with the intent to build a position larger).
I added another 100 shares on Friday at about $438.8 and with this I have a total of 1,400 shares at an average price of $458.4.
At the moment, my position is currently down at about ~4% but this does not concern me at all.
In fact, I hope it can maintain at this range for a while more so it will allow me time to build up my capital over time to add more positions into the portfolio (will detail out the essence of building more positions through capital allocations in the next post separately).
For now, I am thinking to build up this position until I’ve accumulated around 2,000 shares in the...