Chinese concept stocks soaring – Still a good time to jump on board?
$Alibaba(BABA)$ $Pinduoduo Inc.(PDD)$ $Bilibili Inc.(BILI)$ $Trip.com Group Limited(TCOM)$ $Li Auto(LI)$
NASDAQ Golden Dragon China Index has surged by 29.73% in the past two months, and the Chinese concept stock market is sizzling with many well-known companies experiencing significant gains.
*The image is from the Tiger Trade App, and the data is based on trading days between May 30, 2023, and July 30, 2023. It is for reference only and does not constitute any investment advice.
This undoubtedly brought substantial returns to those investors who seized the opportunity early. However, for those of you who have not entered the market yet, you might hesitate and worry about missing the best investment timing. But rest assured, there is a long-term and steady strategy - dollar-cost averaging. You can try it by clicking on the ⏰ symbol above the corresponding stock.
You can also click here to enter the Auto-invest page and see more investment choices.
Investment Value of Chinese Concept Stocks
As we all know, China is the world's second-largest economy, possessing a vast market and sustained economic growth. Chinese concept stocks, listed overseas, carry abundant investment opportunities. With the rapid development of the Chinese economy, the performance and valuation of Chinese concept stocks have been continuously improving, attracting more and more international investors.
Compared to traditional international blue-chip stocks, Chinese concept stocks usually have higher growth potential and innovation, providing investors with greater opportunities and potential returns. Whether in the fields of technology, consumer goods, healthcare, or emerging industries, Chinese concept stocks have demonstrated robust growth momentum.
Advantages of Auto-invest
Risk Diversification: Stock dollar-cost averaging spreads investment funds across multiple time points and price levels, reducing the risk associated with a single investment timing.
Long-Term Perspective: Dollar-cost averaging is a long-term investment strategy, focusing on future development. By adhering to long-term dollar-cost averaging, you can avoid the interference of short-term market fluctuations and better grasp the major trends of Chinese concept stocks.
Avoiding Market Timing: Many investors hesitate during market highs, fearing a subsequent market decline, or remain cautious during market lows, fearing further downturns. However, stock dollar-cost averaging eliminates the need to predict market trends; as long as you persist with the strategy, you can achieve an average purchase price.
How to begin your Auto-invest journey
Set up an auto-invest plan: Based on your risk tolerance and investment goals, develop a reasonable dollar-cost averaging plan. Regular and fixed investments, such as investing a certain amount each month or quarter, are good options.
Choose your preferred stocks: Among a plethora of Chinese concept stocks, selecting suitable targets is crucial. You can choose well-known companies in fields familiar to you or explore potential Chinese concept stocks through research and consultation with professional institutions.
Maintain patience and discipline: Stock dollar-cost averaging is a long-term investment plan; do not be swayed by short-term market fluctuations and change strategies lightly. Stick to your plan and gradually accumulate holdings.
Indeed, the surge in Chinese concept stocks has attracted the attention of many investors. Although you may have missed the momentary highs, with auto-invest, you can still participate and share in the dividends of China's rapid economic development.
Remember, investing is a marathon, and perseverance and patience are the keys to success. Chinese concept stocks, representing China's economic rise, hold immense potential in the global market. By choosing stock dollar-cost averaging and allocating funds sensibly, have faith in the future, and you can achieve good results in your journey of investing in Chinese concept stocks.
What's your opinion on Chinese concept stocks? Have you been auto-invest any of these stocks? If you were to start investing now, which stock would you be interested in? Feel free to share.
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Activity duration: 7th Aug - 14th Aug
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
INTRINSIC VALUE OF BABA IS ABOUT $190
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