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