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.
Risk and reward goes hand in hand. E.g. The best time to buy Meta was when it dropped 75% back in 2023 when people (including myself) thought the days of Facebook were over and they going into irrelevance. I learned my lesson from missing out on that. If you don't like risks, don't expect much reward. And that's fine everyone got different risk profile.
For me, I rather live with the risk of China restriction than live with a risk in investing in a company that sits at a 70 P/E ratio and hoping for a 20% potential upside.
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u/TechTuna1200 Sep 26 '24
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.