Invest outside of China
$Futu Holdings Ltd (FUTU.US)$ $UP Fintech (TIGR.US)$ very disappointing. this is what happens when you invest in China. you have no control, whatever the Chinese government says is law without any consideration or a democratic vote. Communist China can close down a company overnight.
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Long and short term investor/trader via options and stocks.
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mrbanana : Stop use futu moomoo
Marilyn_ : ... DYDD
CelesKim OP : I will clarify since I have been getting some questions and comments. I do NOT invest in Chinese companies, I only TRADE them. This is not because I have little to no faith in them, but I do not trust the whims of the Chinese government. I use and like FUTU, but my main holdings and long term stocks and options are in a US based brokerage. If the USA ever decides to shutdown a company or change the rules, at least it will take months if not years of voting, lobbying, revisions, etc. During this time the share price May drop, BUT it will recover and go to new highs as it usually does in the US market. In China, if they want to implement a rule or close a company down, it can be done within a few hours/days; this is beyond risky.