And it was going so well - China

And it was going so well - China

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Discussion

Skyedriver

Original Poster:

17,880 posts

283 months

Tuesday 7th July 2015
quotequote all
My China Fund was up about 20% but now back to just above 0% gain.
Never thought that, even though it was in a bubble, it would drop this far with the chance of going much further still.
China is a manipulated market but the countries growth, whilst slowing is still pretty impressive compared to most western countries.
So do I stay in and wait for a return to positive or just bail out without loss. Or take this as a "buying opportunity".
I'm in for the long term.

Skyedriver

Original Poster:

17,880 posts

283 months

Tuesday 7th July 2015
quotequote all
Re your last sentence, yes I agree, but it's my (bad) habit of thinking "it'll turn around"
The Chinese Fund I am in seemed to be holding up despite the overall Index falling. That said, the index was oscillating between a -7% and plus 7% some days.
Long term I am convinced that the Chinese Market is a one worth holding onto but yes, it may still fall further.

Outside the Chinese Fund I have shares in QFI & Petra Diamonds both of which are long term holds BUT.......

Should have bought an old car instead....

Skyedriver

Original Poster:

17,880 posts

283 months

Wednesday 8th July 2015
quotequote all
greygoose said:
Everything is easier with hindsight! I think China will come good in the end but it could be a long time before my optimism is rewarded.
Me too

Skyedriver

Original Poster:

17,880 posts

283 months

Wednesday 8th July 2015
quotequote all
GT03ROB said:
I'm guessing you've only bought very recently based on what you've quoted. IE you've bought in at a peak.

I've got a Chinese fund in my portfolio (rofl), even with recent falls it's still up 35% on a year ago & still up 9% this year. Following past trends I suspect it will still have a way to fall.
No but been drip feeding over the last 12 - 18 months