Abstract: Explain the reasons of buying HK stock Tracker Fund (2800) and ChinaAMC CSI 300 ETF (3188), and US stock SPY and QQQ and selling all but three stocks and share my views.
Transaction detail
What I want to share with you today is the transaction I made on March 29. The details are as follows:
Bought stock
- Tracker Fund (HK stock code: 2800)
- Quantity: 6500 shares
- Bought price: HK$20.43846
- Commission fee: HK$84.38
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=02800
Bought
- ChinaAMC CSI 300 Index ETF (HK stock code: 3188)
- Quantity: 3600 shares
- Bought price: HK$46.74
- Commission fee: HK$103.24
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=03188
Bought
- Invesco QQQ Trust Series 1 (US stock code: QQQ)
- Quantity: 332 shares
- Bought price: US$310.93
- Commission fee: US$5.62
Image source: https://seekingalpha.com/symbol/QQQ
Bought
- SPDR S&P 500 ETF Trust (US stock code: SPY)
- Quantity: 258 shares
- Bought price: US$399.42
- Commission fee: US$5.1
Image source: https://seekingalpha.com/symbol/SPY
Sold stock
- China Merchants Bank (HK stock code: 3968)
- Quantity: All
- Sold price: HK$39.65
- Commission fee: HK$264.96
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=03968
Sold stock
- Xiaomi Corp (HK stock code: 1810)
- Quantity: All
- Sold price: HK$12.24
- Commission fee: HK$251.98
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=01810
Sold stock
- Alibaba Group Holdings Ltd (HK stock code: 9988)
- Quantity: 200 shares
- Sold price: HK$95.3
- Commission fee: HK$46.62
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=09988
Sold stock
- Microsoft Corporation (US stock code: MSFT)
- Quantity: All
- Sold price: US$279.462
- Commission fee: US$1.36
Image source: https://seekingalpha.com/symbol/MSFT/chart
Sold stock
Image source: https://seekingalpha.com/symbol/AAPL/chart
Sold stock
- NVIDIA Corporation (US stock code: NVDA)
- Quantity: All
- Sold price: US$268.6287
- Commission fee: US$1.37
Image source: https://seekingalpha.com/symbol/NVDA/chart
Sold stock
- Advanced Micro Devices Inc (US stock code: AMD)
- Quantity: All
- Sold price: US$95.92447
- Commission fee: US$1.92
Image source: https://seekingalpha.com/symbol/AMD/chart
Sold stock
- Alphabet Inc (US stock code: GOOGL)
- Quantity: All
- Sold price: US$101.361
- Commission fee: US$1.83
Image source: https://seekingalpha.com/symbol/GOOGL/chart
Sold stock
- Meta Platforms Inc (US stock code: META)
- Quantity: All
- Sold price: US$203.3828
- Commission fee: US$1.23
Image source: https://seekingalpha.com/symbol/META/chart
Sold stock
- Taiwan Semiconductor Manufacturing Company Limited (US stock code: TSM)
- Quantity: All
- Sold price: US$92.23
- Commission fee: US$1.69
Image source: https://seekingalpha.com/symbol/TSM/chart
Sold stock
- Mastercard Incorporated (US stock code: MA)
- Quantity: All
- Sold price: US$356.8025
- Commission fee: US$0.82
Image source: https://seekingalpha.com/symbol/MA/chart
Sold stock
Image source: https://seekingalpha.com/symbol/V/chart
Sold stock
- American Express Company (US stock code: AXP)
- Quantity: All
- Sold price: US$161.74
- Commission fee: US$0.84
Image source: https://seekingalpha.com/symbol/AXP/chart
Reasons to sell all other stocks
Except for Alibaba, Tencent and Tesla, all positions have been sold, and the vacated positions have been replaced with passive index ETFs. The reason is that although I am optimistic about the stocks of the companies I hold, in the long run, such as 10 or 20 years, do you really have the confidence to outperform the market for a long time? My answer is no, because the long-term environment and competition are really hard to predict. If there is a company in your holdings that has unsystematic risks and causes a sharp drop, you have a high probability It will underperform the market, and it will be difficult to recover the decline. That being the case, why should I bother to actively choose stocks?
However, for the remaining three companies, I still have more confidence in them in the foreseeable future, so I choose to continue to hold them.
Reasons to buy Tracker, CSI 300, S&P 500 and Nasdaq 100 ETF Fund
The reason is simple, that is, I am optimistic about the economic prospects of China and Hong Kong, and also optimistic about the economic development of the United States, especially the technology industry. In fact, these four ETFs already include my original holding companies, and they also account for a relatively high proportion in the ETFs, so I just continue to hold them in a different way. The difference is that I am more confident that I can enjoy a long-term stable mentality, so that I can enjoy the long-term appreciation of assets due to the upward economic development of the world.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
