Portfolio Transactions Early Jun 2020

Bought:

10 shares of Booking Holdings at $1,816

5 shares of Booking Holdings at $1,595

24 shares of SPDR S&P 500 ETF at $300.78

Total transactions = about USD $33, 300


11 Jun 2020 finally brought a halt to the massive rally for the past couple of months. I had been eyeing Booking for quite a while. After an ill-timed purchase for my first 10 shares due to FOMO, I picked up more when it dropped 8% in one day. I think travel will eventually make a comeback and it should survive. My wife and I can’t wait to travel again and I think many people feel the same. Booking is an app that I use every time I travel, and follows my pattern of buying stock of companies I like. It is pretty dominant and I don’t think that will change anytime soon. It’s not reliant on international travel and domestic travel bookings will recover much faster.

I also bought a bit more S&P 500 ETF. I’m quite comfortable with holding a large portion of it, about $47,000 now. Its better to spread out my holdings more, otherwise its too much concentration in the tech sector for me. I also hedge my bets by putting small amounts to work whenever there is a bad day. After Thursday’s transactions, I should still have about $70,000 to work with.

Generally, I think with interest rates near negative, there isn’t any better place to put money other than stocks. I have no idea if this is the start of another downturn or just a breather before the rally continues. While there was a bounce on Friday, who knows what will happen next week.

But my general thesis is that this is more likely to be the beginning of another 10 year bull market rather than another depression. Accommodative government policy, pent-up demand, and diversifying of supply chains should be key drivers. I would rather be invested than camping on the sidelines. The short-term gyrations shouldn’t matter in the end because I hold my stocks for years. I find that generally in investing, it pays to be patient and to ignore the daily noise.

You can follow if my investment strategies work at my portfolio page. I may not always post portfolio updates every month if there aren’t much changes, but I will continue to show proof of holdings and be honest about my returns.

Have a good weekend all

8 comments

  1. Yes, thank you, bro and I wish you well in your health and your future undertakings.

    Btw, we are so similar in our train of thoughts that I realised that I have roughly 50% of what you own in terms of bonds/shares.

    E.g., in terms of bonds, I have two of the same European AT1s that you have.

    It is the similar with shares as well. I understand that you buy those US counters that you use or personally come in touch with while I focus on certain key themes like Cloud Computing, online retail, online payment, Data & AI. But we do end up with roughly 50% of the same counters.

    It is really fun to find someone who buys similar counters.

    1. Hey it’s nice to hear from someone else who thinks the same. I often feel like I’m the only one doing these kind of investments, and I’m glad that you are doing it too. Let me know what you are buying or holding? Nvidia and Amazon I’m guessing?

      1. Currently holding:
        Cloud Computing – AMZN, MSFT, BABA
        Online retail, online payment – IBUY, IPAY, CLIX, ONLN
        Data & AI – NVDA, AYX, MDB
        Finance – BLK, V, MA, MCO
        Precious metal – GLD
        ZOOM sold.

        I’ll probably add some S&P 500 index ETF and maybe add more of the above and IGV and XLK.

        I am not sure yet.

      2. Nice. I’m a bit wary of holding BABA cause it can get delisted but its a good stock. Well done on Zoom too. I haven’t heard of MDB and the online finance stocks, but I’m sure you did your homework. Hope our common holdings can do well!

  2. hi FI, just curious,
    any specific reason why you choose SPDR S&P 500 over the other SP500 etf eg SPY, CSPX, VOO, IVV etc etc

    1. No specific reason other than I’ve been doing it for 2 years plus and SPY is the largest and most liquid… I didn’t know about the US tax implications till recently. Right now its not a big deal, but I’m thinking of moving over to VOO or VUSD to save on the dividends.

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