Satellite Portfolio Allocation
Satellite Portfolio Allocation
- Vanguard Health Care ETF, VHT
- Invesco QQQ Trust, QQQ
- iShares China Large-Cap ETF, FXI
- ASML Holding NV, ASML
- Micron Technology, MU
- Taiwan Semiconductor Manufacturing Company, TSMC
- Tesla Motor, TSLA
- Nvidia Corp, NVDA
- Advanced Mirco Device, AMD
The clampdown of China company continues and there is no
sign showing that things will recover soon. The regulator has draft new rules
to ban anti-competition, privacy laws, and will be providing oversights on live streaming. On
the larger picture, the government even warns over excessive wealth. This resulted
in Tencent immediately forking out billions in dollar to help the lower income
and society. Moving forward, we are looking at more competitive, and companies
having to fork out more money to help the society, which would mean less revenue.
The explosive growth of China market will be curbed and will become more of a gradual
growth. Having said that, I would probably focus more on US tech stock instead
and will not add more China stock.
The US market did a slight retracement after news that the Fed
will likely to start tapering by this year came out. I took the opportunity to accumulate
more SemiCon stocks with AMD being the newest addition. As I am using Tiger
Broker, I was able to do more purchases in smaller amounts each time. I have
done quite a lot of transactions for this month and wait for next month to see if
the price will retrace some more.
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