$500,000 dollar project Begins

Yesterday, I have complete my ETF position on my $500,0000 dollar project. Instead of waiting for the 2823 to pullback to 50 day MA. I fill out the rest of my position when the price rally to new 52 week high and breaking the latest resistance. The reason for this is, I am not sure when is this ETF going to pull back, it appear really strong. And another reason is I think buying at $12.62 is still good value with the fact that the price range for 2823 is $8 to $28. With this in mind, I purchase 32000 shares of 2823 at $12.62 per share. Article by Macao Millionaire Doctor

$500,000 dollars project. My 2nd pot of Gold

$500,000 dollars project, my second pot of Gold After making my first pot of Gold in Real estate, I will divert my money to Shares. With shares I am particular increased in Index ETF fund. The one that caught my attention is my HK:2823 China A50 index fund. The china index has been on down trend for 5 years plus. Recently this downtrend line is broken. With 10 wk MA crossing above 40 wk MA and the catayst for this is the open up of China stock market to the world. A lot of global fund is going to pour into china market. The index is currently in relatve low price compare to 10 year price. Current is $11.6 and the 10 year range is $28 to $8. I aim the price to get back to $20. I am going to invest another $400,000 in this index with price around $10 , I will buy when price pullback to 50 day MA. When price double, I should make another $500,000 dollars. Invest timeframe last 1-3 years. Article by Macao Millionaire Doctor