Ferrying Sense & Dollars

What a Year 2020 has been, to say it sucks is an understatement. The disruption, lockdown, salary cuts, job losses. On the other spectrum we have booming eCommerce, logistic industries, etc. etc. In the Investment land, this year has been a black swan event where the US market experience the shortest and sharpest Bear market in History with the sharp plunge back in March, before the Bull took over and the Strong rally continues well into the end of the year.  As mentioned in  December Report , I close the year with +30.1% as compared to +32.7% S&P500 (measured from the time i started investing). I did not use the actual YTD of the index (+16.26%) because that would give me unfair advantage, and hey I could use the challenge. Although I ended up losing by 2.6% 😅. The US Market in 2020 All the 3 major US indexes, S&P500, Dow Jones, and Nasdaq closes the year at a NEW ALL TIME HIGH. Nasdaq which is tech heavy and has 40% weightage in Big Pandemic stocks winner like MAGA...

Well this is it, the last month of 2020. Market overall has been relatively uneventful, with the exception of the SHARP drop in Alibaba, negatively affecting my portfolio, which I blame on Jack Ma who criticise China Govt policy few months back, which cause the suspension of ANT IPO few months back, and then recently China Govt launch some anti-monopoly campaign to prevent Big Players like Tencent, Alibaba from becoming to big and having unfair advantage. That said, Alibaba is now at a quite attractive price hovering around $230 as of 31 December 2020. With Calculated Intrinsic Value of around 390 USD. Lowest dip was $212 and I did load up more around $220, But sadly, I am running out of bullets to top up, I hope this travel restriction blows over soon so i could travel back to Jakarta to sort out my Bank accounts. Anyway, I would say, yes BABA would still be a good buy (or if you have the capital would recommend buying 9988 on HK market). But I wouldn't go All in Now because there...