Stock action
Added to Mastercard at US$234 and the Trade Desk at US$165 on 16th March, sold out of Kingboard Laminates at HK$6,18 net of charges in Hong Kong today.
I decided to sell out of Kingboard Laminates to further build up the fund cash position for potential accumulation of the stocks that I mentioned in my post yesterday.
While Kingboard Laminates is a good company, I would rather mitigate my fund weighting on industrial companies given the extraordinary environment facing the global economy.
Portfolio page updated.
About Post Author
Billy
After qualifying as a chartered accountant in the UK and working in London for a leading technology company, I moved to Hong Kong in 2000 where I am a permanent resident. I was the original founder of globalstockinvestingtoday.com where I presided over my portfolio during the 2008/9 financial crisis and posted my portfolio actions and performance with a number of his ex Nortel colleagues and friends until 2013 where due to work commitments at BT meant that I could not continue with this site. My 5 year portfolio performance during that time beat the benchmark stock indices of UK, Europe, India, Hong Kong,Australia, Brazil and Japan but not the S&P 500 nor the NASDAQ. My performance was also better than the global mutual funds that were benchmarked except for Value Partners in Hong Kong where we exchanged leads during that time.