Brian.L
2022-09-03

$PING AN(02318)$Holding onto ping an insurance has been a rough ride since 2020 during Covid and got in at $79. Since then I have been averaging in at 60+ & $50. 

I believe that most would feel the same, impatien. But think of the good side - the dividend they pay every year for simply holding the bag. 

Ping An insurance is the largest insurance company in China and it is too big to fail, even with the property crisis happening in China. 

Great investors always say don't look at your portfolio after you have entered a position for 5 years. You will see rainbow after that. Don't know if the story holds for this case. In 2025. Time will tell. 

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Comments

  • th0mastan
    2022-09-04
    th0mastan
    You are not alone, my avg price is also 70+ and largest holding. Have been selling put options to preserve capital however these few months have been tough. Good business nonetheless
    • Steadyhoo: 
      Hang in there, been rough eh. The property crisis hot on the counter has been bad. Still good mid term potential!
  • MrTig3r
    2022-09-07
    MrTig3r
    extremely good business. ignore the market
  • Fayt
    2022-09-03
    Fayt
    thanks for sharing!
  • ekwee75
    2022-09-04
    ekwee75
    [Happy]
  • tarotsgirl
    2022-09-03
    tarotsgirl
    kk
  • Alvin1975
    2022-09-03
    Alvin1975
    Up
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