On January 19, 2021, I bought 8 shares of LI (NASDAQ:LI) for our daughter's stock portfolio, paying $34.62 per share. Funds for this purchase were taken from my dad's inheritance fund.

Li Auto Inc., also known as Li Xiang, is a Chinese electric vehicle manufacturer headquartered in Beijing, with manufacturing facilities in Changzhou

Unlike most of my other buys - LI is not a dividend stock. When buying this stock I'm looking at potential value growth.

The 12 analysts offering 12-month price forecasts for Li Auto Inc. have a median target of 261.56, with a high estimate of 394.93 and a low estimate of 139.98. The median estimate represents a +645.81% increase from the last price of 35.07.

Li auto stock forecast

Li auto stock forecast

Now, that's some nice forecast, and frankly speaking, we feel very bullish on EV stocks. 

We are now holding 8 shares with LI

Our average buy price: $34.62

I plan to increase the total share count to 100 in a reasonable time frame (say the end of 2021) and once we have 100 shares start selling covered calls on it to generate extra income.

Just for the illustration:

We could sell a covered call on LI today (January 20, 2021) with expiry on January 29, 2021 (weekly options), with a strike price of $35, and get for that about $1.93 premium. That about 5.57% potential income return in 9 days

By now LI stock takes 0.86% from our US stock portfolio.

92 shares to go!