On 7 June, I blogged about trading Chinese tech stocks for pocket money.
Back then, Chinese tech stocks experienced uplifts in their prices and I sold some of my units in Lion-OCBC Hang Seng Tech ETF.
What?
AK invests in tech stocks?
Alamak, this must be AK's long lost evil twin blogging!
Anyway, in case you don't know, read:
Investing in Alibaba and Tencent.
I added to my position twice in the ETF in the months leading to 7 June.
The ETF does not pay a dividend and it is not a good fit for the purist income investor.
So, for me to make some money from the ETF, I have to trade which was what happened on 7 June.
See:
Trading Chinese tech stocks.
Pretty decent capital gains.
With the ETF's unit price having declined rather significantly, I decided to add to my reduced position.
I placed an overnight BUY order at a price lower than my average price and it...