I redeemed this voucher today to purchase my first share of Alibaba at only HK$68.1.
This is a steal, a small great deal which provides a good headstart and foundation for me to accumulate more Alibaba shares.
I think Tiger Broker has done a great job to instill confidence in retail investors to make small steps towards investing. By giving stock discount vouchers through in-app games, it really helps and encourages amateur retail investors to overcome their psychological barrier.
The share price of Alibaba has weakened severely in the past year due to immense bad news and crackdown by the Chinese government.
Fundamentally, Alibaba is still a strong, undervalued but profitable company underpinned by thriving e-commerce, Internet, artificial intelligence, video streaming and growing cloud computing businesses.
If we allocate a small fraction of our investments to Alibaba, we could mitigate and manage the risk well, and still get to ride on Alibaba's recovery should it really happen.
Be greedy when others are fearful. This is how Warren Buffett acquired undervalued businesses to hold and thrive in the long-term.
If you are interested to kick-start your journey in stock investing in Hang Seng or US markets, do use my referral link to register for a Tiger Broker account, fund it with at least S$2k to get a free apple share worth US$170 and 60 commission-free trades for 180 days.
Thanks for reading. Stay safe and strong always!
With love & peace,
Qiongster
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