The bear market of 2022 continues and it looks like the Fed / US will carry on with further hikes at least until 1H of 2023 or until something breaks.
Between 1 June till now I had sold:
- All remaining SMH @ around 200+ breaking even with small profit.
- Small bit of Tesla at around $269/share , small profit
- All of Astera VII US Class B 6% Bonds, small profit.
The rationale is to hold cash for averaging down if needed, and to collect dividend stocks are depressed prices. A lesson learnt was to take some profits off the winning trades (especially so when profits hits >30%-50%) this will allow better redeployment of capital after the sell down or consolidation phases.
Bought:
- MLT
- Capland China Trust
- FLCT
- Continue DCA small amounts to BTC
Will continue to ride this market, slowly saving up more cash from regular income and buy sparingly if prices are good for reit and certain blue chips stocks.
This is a slower version of 2020, not as easy but it will prove to be fruitful and rewarding both monetarily and experience wise in the medium term (~5years)
