Wednesday, September 11, 2013

Some updates on the investments made over the last month

I have blogged about my taking positions in China ETF, Noble Group Limited as well as Weiye Holdings. Since my investments, Noble Group and Weiye have dropped in value further, but having determined to take a long term approach, I decided not to check the prices regularly to prevent any impacts on my psychology (also because of a busy schedule). I decided to do a check today and am pleasantly surprised that both stocks prices have risen above my entry point, with Weiye having risen about 10%. Of course, this is against the backdrop of a general rebound in Asian equities, and I did not have the foresight that they are going to be in the green anytime soon; however, I have invested in them from a value perspective and I believe that with time, their prices will revert to their means to reflect their true values.

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