No. of Recommendations: 1
-Buying low FCF / PE
-Still been buying more BABA up until recently in the 80's despite lots of negative macro news but at some point I expect this will rebound like META.
-I expect EPS will be at c$10+ in a few years.
-I very much like Tencent too direct not via Prosus for the same reasons.
-These are two best in class companies so why would you not buy over an index, why hold the dross?
-Similarly in the US why hold an index?, I've done very well with Alphabet and META. Held META all the way down from an average of 180 to 88 and hack up to present and took a large position in Alphabet in the 80's.
-Who knows where the market will be next year but I'm happy with the portfolio balance and adding selectively to low PCF and PE stocks (normalized earnings) favouring China over the US at present valuations, beyond that I haven't got a clue but I'm sure no one else does either, esp Joe Biden.
KISS?
