[sgbuffett]

Update on 1 Jan 2022:

1. -45%
2. -17%
3.  +6%
4. +12%
5.-60%
6  0%
7 +158%
8. +8.9%
9.  +145%
10. +56%
11. +124%
12. -15%
13. +85%
14. +80%
15. +56%
16.  -24%
17.  +107%
18.  -11%
19.  +42%
20. -27%
21. +46%
22. --40%
23. -48%
24. +17%
25. -42%
26. +2.6%
27.  -38%
28. -30%
29. -2%
30. -12%
31. -14%
32. -51%×6**
33. +3%
34. -10%
35  -24%
36.  -28%
37.  -25%
38. +21%
39. -12%
40. +8%

** this trade was miscalculated in earlier summary.

Overall is +3.7%.

Considering the HS Tech Index has fallen 50% from peak and 17% when I started buying...going through a "crash" with +3.7% 

I was up throughout the 1.5yrs until the selloff intensified ..bring down the portfolio from double digit gains to flat.

A simple DCA strategy on HS Tech would result in an estimated  loss of 24-30%

But going forward a DCA make sense given the selloff has resulted in low valuations across the board and as a strategy to capture. This over a period makes sense.

Risks of China slowdown, regulatory uncertainty remains.

But the long term upside ...digitalisation trends, a need for China to pivot to Tech and green energy for future growth and China needs to embark on monetary easing to counter the real estate slump.

I am.waiting for a good opportunity to add Tencent to the list but will look at the HS Tech jn the mean time.

When stocks go down there will always be fear and trepidation. The problems look serous and investors think they will never end or will get simply get worse so they never step in to buy. But one can be too early and see heavy draw downs.