The largest holding in my portfolio now is $LION OCBC HSTECH ETF S$(HST.SI)$
Many economists are expecting the Chinese economy to be one of the brightest spots in another widely expected tough year for the global economy. With the rapidly rebounding of the Chinese economy from the impact of the pandemic, hopefully, $LION OCBC HSTECH ETF S$(HST.SI)$ will become one of my favorite stocks in 2023 with my position turning to profitable and the share price soaring up to the moon πππ.
I have been buying it about 26 times since Jul 2021 whenever the share price has dropped to averaging down the cost price from S$1.31. The more I buy the share, the more the price has dropped, so it ended become my largest holding stock which is not what I have expected.
Investing in $LION OCBC HSTECH ETF S$(HST.SI)$ was a very painful lesson for me in my first year of investment journey. I have learned not to average down the cost price of the stock unless it has dropped a quite substantial amount and I have to do my own due diligence before investing a stock & not just follow blindly to what the analyst said as they might not be right all the times.
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