The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Nearly time to hear the opening bell... all investors here brace yourselves.
... but not tomorrow: Expecting a significant drop due to all the anti lockdown riots/protests following a flat fire killing a number of Chinese people. China remains the only major economy to adopt a strict lickdown strategy. The government much too proud to admit they got it all wrong and now they're paying the price. The problem is, there's no price you can put on people's lives.
Great upward movement on Friday. In fact, the best one day increase I've encountered in 4yrs of investing here. Once the Chinese government start to open up their country to the outside world (as well as their own) surely this trust will really start to claw itself back?
I bought some at 260p but didnt throw in my full intended allocation.....Ten Cents share price etc showing good recovery from lows and the retail shares should benefit is COVID restrictions due improve going towards the Holiday season
Starting to move in the right direction. Covid lockdowns were always going to hold the Chinese stocks back and at some point that was always going to change. Well done to all those that opened or added to their positions over the last month.
Next on my list is Europe. Goes without saying the war and inflation are the headwinds for those stocks but at some point that will change.
GLA
I'm following the words of a certain Mr Buffett & buying when others are fearful.
The Hang Seng has dropped from its high of over 30,000 points to below 16,000 & JCGI has dropped from around 800p to below 270p.
I'm comfortable to keep adding at such levels & if all was rosy in China, then JCGi should be trading around double what it is today (or even treble).
I am looking at China but with the property sector , construction , manufacturing and retail all in the doldrums ...it doesn't look too great at the moment ....plus Xi Jinping in complete control of ideology with loyal followers all around him ...it isn't looking too favourable for business...
Something needs to change but what and when is the question ...
I’m buying more of these too, China is going through a rough patch but isn’t going away. The divi will keep us going until a recovery takes place. Of all the worlds economies, China is best placed to manufacture a recovery. Especially once these covid lockdowns end.
Decided to dip my toes today & have added it to my monthly ISA subscription (may also invest my dividends here too)
Started a new position here at 254. I cant see this dropping much further.
I’m in with 1000 shares, hedged with an equal value in gold miners.
Just bought back in on this one. At this price 2.615 it is offering 5.25% yield and a discount to Nav of 17.82%
The 2nd biggest economy in the world is not going anywhere. Unless they decide to Invade Taiwan and if that happens my 2K shares can sit with the Evraz ones.
I'm thinking the same thing!
I'm having a long, hard look at the Chinese stock market now & think there's got to be value found sooner or later !
Choppy share that is a leveraged play on the China Index …. Was heavily down in May sold out with a small profit as it past 400 dripping back in now buying back profits … hoping for 300p again … China lockdown may hit the share hard along with FT saturday suggesting business is rerouting supply away from China.
Taiwan is the political concern.
GLA
Sounds like a very good strategy to me. I'm heavily underwater here as I suspect many are but maybe too shy to post on here hence JCGI being one of the quieter boards. I've had some success averaging down over the past couple of years but reticent in this case but, like you, feel this fund could bounce on better news. Whenever that is!
Hi Phyl,
I think it's just us on here these days. ;)
I'm looking at maybe getting some more, but I'm going to try and hold off for a little as I do think it's going to drop further yet unless the news changes in China.
I'm looking towards the lows for the past 12months before I'll invest more, but I also see this rising again when the news changes, who knows when that will be though...could be next week, nxt month or next year.
All this said I'm not going to try and time it, I've just set my buying limit if it hits it, I'm in for more if not I'll wait for another opportunity. Keep the faith and enjoy the divis whilst you wait.
Hi Whateva, SP down a further 5% so far today and on top of further decline this week. My gut tells me to buy more now to average down as there's bound to be a recovery at some point but my head's telling me not to be so foolish! Not sure why we're paying these fund managers?
Hey Phyl,
I see that china is taking another lockdown precaution as you stated. I think this will cause the sp to drop a little.
TBH though, the they way this moved when they opened up (straight up), I see this as a steady investment and if it falls low again, I think I'll add some more rather than worry if it was a good buy or not. But this is only my opinion. Gla lth
Hi Whateva, completely agree. Bad week last week for all matters China due to new Covid variant & further lock-downs. Can't go on forever though. Seen enough up to then to suggest JCGI can become a recovery play and might even look at nakung another investment here to help average down my Jon too insignificant losses... something I hadn't envisaged doing a short while ago!
Need a bit more positive forward momentum this week, last week was a poor show for most stocks and markets. Hopefully all this comes good as Time goes on.
Goodness knows we need it!
Share price has been consistently moving in the right direction for a few days now. Hopefully this continues as China slowly releases its covid grip on its citizens and financial institutions.
Keep driving forward!
Share price has been consistently moving in the right direction for a few days now. Hopefully this continues as China slowly releases its covid grip on its citizens and financial institutions.
Keep driving forward!