Saturday, May 3, 2025

Exited US stocks

I sold off all of my US shares except for Nike.

Sold citigroup, Alibaba, Coca cola.

Why I sold my shares - potential devaluation of US dollars as one-third of US debt matures in June. Could this be the catalyst for a long drawn global recession.

Chances are high - Warren Buffett is holding onto cash.

I will continue to accumulate my warchest little by little.

I remembered that how I ventured into US stocks. I wanted to buy Coca cola shares. Then I saw a YouTuber share how to use Moomoo. That was how I decided to open a Moomoo account and started investing.

Overtime, I bought even Meta when it crashed to 100plus dollars. Sold it off for a profit of 4300 sgd. I made a total profit of 7000sgd from buying and selling of US stocks on a capital of less than 18k, over 4 years.

Maybe it is time to venture into HK market. But for now, am accumulating warchest.

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