As previously mentioned, I am adding to Alibaba stocks till the end of the year for it to become my largest holding.
However, instead of investing my money into Alibaba Stock (BABA), I am investing into Altaba (AABA) instead. A colleague has highlighted the differences for me. For those who may not be aware, Altaba is the remnant of Yahoo that was not sold into Verizon. It is essentially a investment holding company that holds Alibaba stock (15% of total Alibaba stock), and a few patents that Verizon was not interested in purchasing from Yahoo when it was bought over.
In light of this, especially since it has then sold its Yahoo! Japan holdings, it is essentially an alternative (ALTaba geddit) to Alibaba. The key differences are that it is valued slightly under Alibaba stock, due to the company being considered an American company, and thus having to suffer withdrawal tax should they liquidate Alibaba at any time. However, in return, one can actually hold Alibaba equity, as compared to buying it in the form of an ADR.
The idea is that if there is ever a time that Altaba liquidates its Alibaba stocks, there is a high likelihood of there being tax reliefs that will in fact make Altaba a better purchase than Alibaba.
Intending to employ more cash into other US stocks such as Activision Blizzard. Will highlight reasons why going further ahead.
11.11 is coming and I am looking to get some great deals on Lazada (Go Alibaba!)
Cheers!
Subscribe to:
Post Comments (Atom)
-
Singtel. The telecomm company you choose just because everything else sucks. Or so until circles came riding along. I am still wondering w... -
It's been a few months since my last post... Quite a few happenings has happened on a personal level and also the recent fall in stoc...
-
It's been quite abit of time since I wrote a new post. I have been busy with a new job and added responsibilities, and at times questio...
I just came across your blog today and I like like it. I, too, am striving towards financial independence. My focus is more income. Have a good day.
ReplyDeleteSGX Stock Tips
My name is Mrs Aisha Mohamed, am a Citizen Of Qatar.Have you been looking for a loan?Do you need an urgent personal loan or business loan?contact Dr James Eric Finance Home he help me with a loan of $42,000 some days ago after been scammed of $2,800 from a woman claiming to been a loan lender but i thank God today that i got my loan worth $42,000.Feel free to contact the company for a genuine financial service. Email:(financialserviceoffer876@gmail.com) call/whats-App Contact Number +918929509036
ReplyDelete