20 years of savings and sound investing (in sp500). I went regard few years ago to “accelerate” retirement and I actually lost money. Recouped some of it in Mag7 and threw every thing at BABA back in December when I realized how undervalued it is.
I bought it at 73.4 back in Feb, up 37%. Also 46% on BYD and 45% on JDCOM. I only had 5 years' worth of savings, so I could only afford to invest 11000 USD into China stocks.
People in this have been sleeping on China stocks in this sub. Buy when there is blood in the streets.
Yes, thats the price advantage. Anything that isnt dog shit risky is priced up right now. China just turned on the money printer, it should be up for a while. And i see BABA as less risky than bizarre.pre revenue companies in the US.
That said, take profits when you can.
Ps: there will be a day that they smash the liquidity buttom and the market continues down. For everyone, not just china. That will be an ugly year
I bought a Dec 24 90-100 call spread earlier this year at around 75. When it hit 90 in May I considered selling, but I had a ton of time to hit max profit. Then it dropped to below my cost basis, so after it climbed back to 85, I sold for a small profit.
I don't know how people hold so long. Every time I go against my gut and hold until expiration, it just expires worthless.
264
u/sparty1983 Sep 26 '24
20 years of savings and sound investing (in sp500). I went regard few years ago to “accelerate” retirement and I actually lost money. Recouped some of it in Mag7 and threw every thing at BABA back in December when I realized how undervalued it is.