FUTU too expensive for you ??? (Open and read please)
Here is one that will ride its coat tails because its in the same sector. Tencent-FUTU-MooMoo connection. Alibaba-TIGR-WeBull connection. Who will grab market share, subscribers in Asia, Africa, and South America first? Who will combine a platform, where your fintech is one stop shop. Cash account, direct deposits, margin accounts, treasuries, and wait...your internet shopping!!! Your reseach in investing (no more going to YouTube, because it will be in your investment app , your music...Ever hear of $Tencent Music(TME.US$
Which dynamic Duo will conquer? Who will be able to let their subscribers interact with other subscribers internationally to make a connection throughout the world.
In the United States, Robinhood, IBKR( who FUTU has a partnership which will end soon) , arent even in same ball park. Just look at market caps, and what they provide, and most importantly , how they make profit. Is Robinhood putting together any IPO deals nope. I know TIGR put out more or was involved in twice as many , i believe 26 to 13 to FUTU’s involvement, but FUTU is much stronger as you can tell by price, share and earnings growth
But with that said, here are the two charts and the are almost the same
$Futu Holdings Ltd(FUTU.US$
$UP Fintech(TIGR.US$
Which dynamic Duo will conquer? Who will be able to let their subscribers interact with other subscribers internationally to make a connection throughout the world.
In the United States, Robinhood, IBKR( who FUTU has a partnership which will end soon) , arent even in same ball park. Just look at market caps, and what they provide, and most importantly , how they make profit. Is Robinhood putting together any IPO deals nope. I know TIGR put out more or was involved in twice as many , i believe 26 to 13 to FUTU’s involvement, but FUTU is much stronger as you can tell by price, share and earnings growth
But with that said, here are the two charts and the are almost the same
$Futu Holdings Ltd(FUTU.US$
$UP Fintech(TIGR.US$
Just at a different price. but travel the same trail. In fact if I take ticker symbols away, you cant tell the difference with out blowing it up
When the pandemic smoke clears, Asia will be in a far better spot than US Stocks, whoever cuts their rates the lowest will have to pay some day. Emerging markets will rise, US dollar will fall, and who wins when interest rates go up, the FINANCIAL SECTOR. And who collects all the margins out there, when this Cinderella story comes to and end and you have to buy the shoe??? THE FINANCIAL SECTOR
Research, study, see the connections, what does a company have planned and are they capturing market, forward guidance. This is what Im waiting for on March 17th from FUTU.
So do it with your investments or trades as well.
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Trippy Seraph : So you think FUTU will be a good investment in the long run? Also, do you ever invest in any OTC stocks? If so I have some questions for you, but let me know if FUTU will be a good long play.
ConchTrader OP Trippy Seraph : I only traded one time OTC, I’m not to invested in penny stocks. I am heavily in FUTU and glad you asked and happy to disclose. I do really believe in what they are doing. Has it ran up quick. Yes, will I take some profit, yes, at the right time. I have over 400 shares of FUTU. and right now makes up over 50 percent of my total portfolio and held in two accounts. Ironically none on MooMoo which I will switch over once the platform gets quicker for deposits and cash accounts with a better savings interest than other brokerages.
Trippy Seraph : I’m impressed man that’s awesome! I’ve been waiting to jump in but I keep thinking it will pull back a little and it’s not LOL. Anyway, I started trading seven months ago with $600 and have slowly built it up to about $3500. I’ve never been able to buy a huge amount of shares in anything, but it’s finally getting to where I can invest several hundred dollars in a stock due to my previous investments. I like the chart for futu So I think I may be just need to pull the trigger and get in before it gets so expensive that I can’t
Trippy Seraph : I saw your post about $$Tencent Music (TME.US)$ and I’m interested in that because I think it could be big.
Trippy Seraph : I’ll check it out. It takes money to make money so if it’s worth it I would use it. I’m following you on here. Do you think it would be ok to ask questions every now and then? I don’t want to bother you or anything.
ConchTrader OP Trippy Seraph : Sure if I’m around happy too
Trippy Seraph ConchTrader OP : I just read the reviews of market smith and everyone says it works great on a computer but not on a phone using the app and unfortunately I don’t have a computer. I only have my phone. Do you use it on a phone or computer?