BABA - making a long term bet on China.
If Charlie Munger is doing it, then I am doing it :)
Obviously we all know how badly Chinese stocks have performed this year, mainly due to government intervention. This brought a lot of the stocks down.
Charlie Munger is a huge fan of BABA and you could look into that.
I feel like this is a good holding.
I do want some exposure to the long term buy and hold style of investing and this is what this is.
I am willing to average down over time, doing exactly what Munger has been doing.
I would look to get minimum 2x return to sell. Unless at that point I want to add more.
For an instance, I only purchased three shares at a cost of 480. I would sell when I am at 960.
Having said that. There are places on the chat where I would buy more. This represents 1/3 of the position I am willing to open.
I would average down at major lines of support. buy more if we are breaking above long term trend lines with good economical conditions in China.
I feel like this trade is a safe bet on the Chinese economy. And while China runs differently than North America, it will still have a large interest in having a strong economy that surpasses Americas.
Obviously we all know how badly Chinese stocks have performed this year, mainly due to government intervention. This brought a lot of the stocks down.
Charlie Munger is a huge fan of BABA and you could look into that.
I feel like this is a good holding.
I do want some exposure to the long term buy and hold style of investing and this is what this is.
I am willing to average down over time, doing exactly what Munger has been doing.
I would look to get minimum 2x return to sell. Unless at that point I want to add more.
For an instance, I only purchased three shares at a cost of 480. I would sell when I am at 960.
Having said that. There are places on the chat where I would buy more. This represents 1/3 of the position I am willing to open.
I would average down at major lines of support. buy more if we are breaking above long term trend lines with good economical conditions in China.
I feel like this trade is a safe bet on the Chinese economy. And while China runs differently than North America, it will still have a large interest in having a strong economy that surpasses Americas.
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