Luke

Will sell my full Nintendo position later when Tokyo opens, tax loss harvest Lufax against 10% gain on Nintendo position to not be forced to pay capital gains and rebuy the entire Nintendo position on 1.5% margin. There are no tax loss wash sale rules in germany so will rebuy entire lufax position immediately. Will put the equity of Nintendo into EXOR, OXY, CEIX and some BRK. Portfolio will be on 10% margin then, which is acceptable to me.

i bought at 220 USD couple of weeks ago, actually even meaningful position at 8% ish of the PF, stock is partying...

Added to EVO, bit late to the drop party but still value

Not for now but they want it

Okay, so around 35% of the US total wealth is in the hands of 1% of the population while top 10% owns 70%, clearly the majority is funneled into the hands of the few, IMO this is too much and creates tensions in society, money being able to purchase political power and reinforcing that ownership. Bottom 50% owns 2.5% of US wealth. China sees these problems and asks legitimate questions about common prosperity, IMO. Okay, so you would say the state of public infrastructure is fine, schools are doing fine etc and there is no underinvestment? In that case you will probably disagree highly with what China is doing and that is fair enough. Not an utopia but just a society that is a bit more equal and has more prosperity for bottom 50% that does not have to live as a "renting class" that gets a bad deal

Its not only that id be for a different distribution of taxes like capital gains where small investor pays 0 and large fund pays more but also better opportunities for the average worker to negotiate wages etc hate it as much as you want and praise the 1% as much as you like, something has to be done to start investing into the countries basic infrastructure, education, affordable housing etc list is long. To me, China seems to be more concerned about these things than here, which was my original argument. Long term I think this will make their economy healthier, social unrest calmer etc.

Will be an all-time classic, Meta shitting down in Q3 2022 and Cramer apologizes!

Baba now bit more than 5%, close to half the shares are borrowed with IB margin now

Size your positions accordingly, Gents

Bough more 9988.HK Baba with some Margin now

Yep! They will learn and shift, same happened with Covid

Another buy order for 9988.HK Alibaba in for tonight when market opens!

And some Anti-War Music in these times Anybody know this treasure?

Great Stuff

Baba in Hongkong

I cant speak mandarin and you need at least 2 years full time to learn it, i have 0 personal contacts there, no family and friends. Still i believe that the future for most chinese citizens look great and that that country will continue to impress!

What do theses abortions and genocide have anything to do with what i said about chinas future? I am also literally on an investing board and think capitalism is brilliant, if it is made right.commie? You are saying this just to denounce arguments.

Yeah, they dont want to deal with islam and islam isnt particularly a peaceful or cooperative religion as can be seen by recent events. Those people probably dont identify themselves as chinese.

Well, Amazon installs heat maps to prevent workers from unionizing and keep them in their shitty salary and the level of ghettoization is also incredible with life expectancy rates differing drastically from Bangladesh levels to high developed levels. China doesn't like that hence the policies and focus on common prosperity. Thats not what i meant, they are totalitarian but essentially now really run with a focus on the people. I said above that if you think reducing taxes hard for the top 30% or making the market even more free will lead to any changes in US wealth distribution, we disagree and the research shows it too.

You can find millions of people who love their country in china but the west only hears to the negative voices to continue their propaganda to create acceptance by the population for eventual military confrontation or further cut off from markets etc. I am waiting for bans on cheap china goods to save our local retailers because they cant compete. Consumers cant win and China just cant take marketshare!

Yes because in China the industrial revolution happened way later but they are making up for it now and as you can see with CCP communication, prosperity for everyone is important to their vision. @james22 I have linked OECD studies in here that showed this level of inequality is unhealthy for the economy, China is not socialist but they are less accepting of the level of "abuse" and elitism that exists in the US, for good reason, even a capitalist like Biden sees it now. And if you think that even more liberalization to markets and tax cuts for the wealthy will make the economy better for bottom and middle class i disagree and the research does too. Regarding racism in china, yeah, might be, all power to them, their country, they decide who they let in. Kind of Jealous for them because the west is force feeded with migrants since a couple of years

https://www.reuters.com/technology/jdcom-cut-senior-executives-salaries-by-10-20-2022-11-22/ China's JD.com said on Tuesday it would cut the salaries of more than 2,000 senior managers by 10% to 20% next year to help pay for improved benefits for other staff amid the government's "common prosperity" drive to reduce income inequality. Liu also plans to personally donate 100 million yuan to a fund that help children of JD employees should anything happen to their parents, said the letter, which was circulated online and later confirmed by JD.com as authentic. Chinese President Xi Jinping last year launched a renewed drive for "common prosperity", as an effort to reduce income inequality that threatens long-term economic growth and even the legitimacy of Communist Party rule. This would do pretty much any country more good, these guys shouldn't make Millions in Bonus, tons of Options etc. while the rest lives like shit.

The CCP is tackling exactly this, prosperity for the countryside and a less "top down" economy, as Biden put it