Hello everyone. This is my first memo in year 2021.
There is no transaction on my side in 2021. However, I am considering in adding some position to $AAPL (Apple) mainly due to its positive financial performance and great economic moat.
APPLE obtained both revenues and earnings expectations when it released its financial results. Revenue and EPS were $111.4 billion and $1.68 respectively. Revenue was up by 21% compared to Q4 of 2019 and net income rose 29%.
What I saw here is an opportunity for me to build a position on $AAPL because despite the strong revenue and earnings as shown above, its share price was down.
Since the inception of our fund in May 2020, we have been up close to 30% We are still able to maintain our risk level at 4 as can be seen from the “average risk score”.
For those who celebrate LUNAR NEW YEAR, I wish you HAPPY LUNAR NEW YEAR.
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