Here it is, my write up about the company a lot of you will now, but few of you will be really able to explain into detail what this company does. I’m here to give you a solid summary of all activities of Alibaba and how they will turn people into billionaires. Before we start you should know that I have a long position in Alibaba since the beginning of August 2018.
It’s been two months since I purchased my first stocks (60x JD.com on the 20th of July) with my new line of credit. Let’s look back and reflect and I will share my views and opinions about this credit. Hopefully this post triggers a discussion about the use of credit, I’d love to hear your opinions and insights!
August has passed, eight down, four to go. Last month I’ve had a nice month where I traveled to Italy for two weeks and my girl came back with me to The Netherlands for two weeks. She has just left and now I get to fully focus on my journey to FIRE again. It all starts with this monthly update of the month August!
In the middle of every month I will update my current stocks watchlist, and post a top 3. Below are my reasons for looking at these stocks, for current valuations and a list of 25 stocks please visit my ‘Watchlist’ page.
I will explain my top 3 watchlist stocks briefly based on sentiment, P/E ratio and ‘% off 52 week high’:
July has passed, I’m about to go on vacation to Italy and I plan to earn a lot of passive income while I’m there! In the meantime, here is the review of the month of July!