QUOTE(xcxa23 @ Sep 21 2020, 05:46 PM)
thanks!
yes, thats the nasdaq im referring, another thing im looking at is QQQ
based on my knowledge and current available info and news, the 10250 is the support for the 10k mark
closing below it high chance it will be heading 9700
from my observation on what JP said and what the fed doing, for now they will let the market ''free float'' and they will act accordingly depending on the situation
i am pretty sure the fed will intervene if the market drop ''too much'', my prediction they wont let nasdaq drop below 9k
imo, you should keep track on the selling price. especially true if you plan to re-enter.
you sold it off based on sentiment or that particular fund is under/bad performing?
I tend to look at QQQ instead of Nasdaq (except when its daytime, then no choice look at Nasdaq futures). Yeah, I do believe JP will act if it really drops too much (but we also need to be aware market has risen a lot for years, so if it starts drifting lower over years--well he may not do so much. After all, he will know that market cannot continue to be at such lofty valuations. So as long as not much panic, then......)
I sold some because I think market may go down a fair bit more. Unfortunately,may not be able to look at markets for weeks sometimes, so may not be able to monitor prices that constantly.
QUOTE(GrumpyNooby @ Sep 21 2020, 07:33 PM)
The China growth story is not over yetChina's equity market has benefited substantially during 2020. While potential external events still pose a challenge to the economy, we look to share some points demonstrating the possible room for investors to ride on the country's growth story in this article.
TakeawayIn conclusion, the China economy is likely to rebound decently going forward. While consumer surveys may appear to remain cautious at the current juncture, on the ground data hints consumption spending is recovering. Inflation risk stemming from a shortage of pork also appears to be muted. Looking towards the manufacturing sector, export figures may be better on the back of a rebound in manufacturing PMI. Coupled with a possible recovery in global aggregate demand, valuations moving ahead may venture to more reasonable levels.
For investors that are interested in gaining exposure to Chinese equities, they may take a look into our recommended funds. On the other hand, investors who are concerned about the impact of the tech war and wish to have limited exposure to the tech sector can consider investing in the
RHB Shariah China Focus Fund, which has only an exposure of 4% as of the latest (July 2020) factsheet.
Fund link:
https://www.fundsupermart.com.my/fsmone/fun...-Focus-Fund-MYRArticle link:
https://www.fundsupermart.com.my/fsmone/art...s-not-over-yet- Thanks. Am always a bit wary about China because the government can more easily impose any rules they want which can greatly change the landscape of the equities/property etc. However, still good to have some (but not majority) of China related funds
QUOTE(whirlwind @ Sep 21 2020, 09:52 PM)
Should I switch my Principal Global Titans to Principal Greater China 🤔
But then 65% of my fund would be Principal Greater China. Not much of a diversification anymore 🤔
IMHO, don't think its wise to put so much in Principal Greater China unless your funds is just a small portion of your total investment.
This post has been edited by abcn1n: Sep 22 2020, 12:59 AM