Monday, February 24, 2020

How to Invest in China - Alibaba


Yes, the market is at an all time anal devastation.  So, the question is how do you invest in China while the market is temporarily down?  Long story short, for Vanguard's VWO is your safest bet.  Well, it only has 5.90% into Alibaba, which is the most percentage I've seen in a well trusted ETF thus far.  I believe Fidelity has an ETF that extends that to 20% of Alibaba holdings.  In any event, you have to be pouring a ton of money into this thing for it to be profitable.  No, 10 shares of VWO is not going to change your life.  You would need to put down at least $3000 minimum to be serious.  Sorry, but putting down $1000 isn't going to scratch a dent.  Hey, reality hits hard like a truck, and so should you.  Sadly, this isn't even the tip of the iceberg.  With $3000, you can buy about 70 shares of VWO and thus capturing the potential of Alibaba for the years to come.  Is this even worth a damn?  Probably not, and you should probably look for an investment elsewhere.  No, this isn't funny.  I don't want to be that guy cheering about a few hundreds of dollars of gains after several years of investing.  Sorry, that low kind of standards will not be changing anyone's life around.  I WANT ENOUGH MONEY TO BUY A HOUSE.  I WANT ENOUGH MONEY TO BE ABLE TO RETIRE.  I WANT ENOUGH MONEY TO BUY, FIX UP, AND RESELL REAL ESTATE.  I WANT ENOUGH MONEY TO SEND A CHILD OFF TO COLLEGE.  Seriously, no one has time for chump change.  If you want to get serious, the minimum investment for any ETF is $3000.  I shit you not.  If you don't have the $3000 to buy an ETF for investing, go back to living in your mom's basement.

Peace out

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