Monthly Investment Plan - HK ETF 20/3/2020

This epidemic has taught me the importance of global asset allocation. Before this, I am reluctant to buy stocks related to China, but now I am considering buying some Tencent and Alibaba. I won't use the monthly plan to buy these two stocks. I will buy via normal order. 

Monthly Investment Plan - HK Property stocks 20/3/2020

There is a disadvantage of the monthly plan of the broker. They always help me buy the stocks at a relatively high price intra-day. Yet, I think the effect should be minimal in the long run as long as I stick to my plan.

Monthly investment Plan - US 20/3/2020

I made a mistake last night. Therefore, I bought too many this time. I should be buying 2 instead of 4. Anyways, I will be buying on 7/4/2020 next time.

Monthly Investment Plan - Introduction (US)

Due to the coronavirus pandemic, we all enter a bear market. While some are still panic, I decided to start my investment plan since this is probably a good window to buy stocks in a cheaper price. However, no one could predict how low the price will be. Therefore, I will use dollar cost averaging technique. Each month USD 1000 will be invested in VOO. Since I use Firsttrade Securities, there will be no trading fee charged by the broker. I will split the $1000 into two, with one buying on 5th trading day of the month and another on 15th trading day, so as to further diverge the timing risk.

I hold some VOO before I start this plan:

This plan will last for 12 months. After that, I will consider if I continue or not. 

Some might think I am crazy to enter the market at this timeframe. What do you think? What is your plan during the bear market? Please let me know and comment below!

Monthly investment plan - Introduction (Hong Kong)

I think most people are shocked about what happened to the stock market last week. At first, I was shocked and worried as well, but then I realize this may be a rare opportunity for me to buy some stocks. Therefore, I decided to invest in the market now using dollar cost averaging.

I will invest a fixed amount of money (HKD$2000) each month under the monthly stock investment plan (MIP) of Chief Securities Ltd. There will be zero fees charged by this broker. Only $5.15 will be charged to pay for the tax each time. The plan allows me to buy twice a month (on the 5th and 15th trading day).

I will invest in two ETFs- 2800 and 3140. I have held these two ETFs before I started this plan this month:

Yes... I am losing money but it is tolerable for me as I am still earning income from my full time job. I plan to invest for 12 consecutive months because I think the impact of the virus will last at least one year. I will consider if I continue this plan or not after 12 months.

Besides, I will invest in 6 different stocks twice each month using the same plan ($3000/month):

REITs: 823, 435

Properties stock: 16, 12

I only hold some stocks of 823 while I hold none of others:

That's it! This is my plan under a bear market. What do you think? Do you think this is a wise decision for me? Please comment below and let me know!

February Expenses 2020

Hello, everyone!

I am Jerry, the author of this blog!

CONVID-19 has made the world in turmoil. My company allows me to work at home which becomes a de-facto holiday because my job requires more hand-on work with my client instead of paper work.

Anyways, here comes the expenses of February:

Money for my family and GF: $11333.33

Food& Beverages: $221.5

Transportation: $400.13

Phone: $116

Personal growth: $101.68

Miscellaneous: $1190

TOTAL: $13362.64

I spent on around 30% of my income this month so I can make up for the "loss" last month. Yet, I think this is the minimum amount I need for my living. I really want to explore another income source no matter it is a part-time job or a side business, but I am still thinking about it.

Next month, regardless of the virus situation, work will start resuming gradually, but the spending should be similar with this month as there will not be few or even zero entertainments!

What about you? How much did you spend in February? Please let me know by commenting below! See you next time!