Porfoilo Update: Accumulating US REITs and Alibaba
By Investmoolah  •  May 20, 2023
Given that there was a drastic selldown since my last portofilo update on 2 April 2023, thought it would be good to show what I am doing. I have sold off my shares in Wei Yuan and Huya. Huya's financial results was a let down as the China recovery is not materialising in the e sports and advertising segments. Chinese youth are still not spending likely due to the factors of being sandwiched with little savings and the prospects of expensive housing in China main cities. Huya has been struggling to produce profits and the US REITs were providing a larger margin of safety; hence the rotation. Bought Alibaba, PRIME US and KORE The latter 2 are my new value convictions and hence their accumulation has been faster than Alibaba (only 1000+ HK Shares). The portfoilo has been narrowed to a 4 stocks composition where research has been thoroughly put into these 4. Moving forth, these 4 will remain, barring any change in their value story....
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...

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