The Best Investments for the Next Decade: Alibaba (BABA)
Let’s start with a relative softball.
In May, I called Alibaba Group Holdings Ltd (NYSE:BABA) once of the 10 best growth stocks to buy now. Whether you’re looking for a sound investment for the short-term or over the next 10 years, Jack Ma’s company is definitely a large-cap stock you want to get behind.
Simply put, Ma is one of China’s shining stars, and although there are lots of people warning against the company’s complex accounting — including Herb Greenberg, who has been railing against BABA since it went public in 2014 — I believe Ma and Alibaba will prove the detractors wrong.
The thing I most appreciate about Ma is that he understands, much like Jeff Bezos, that brick-and-mortar retail isn’t dead. In fact, it’s essential to the future of retail — online and off.
I love the contrarian in him. I’m tired of reading about the death of retail. It’s just not accurate, and he knows it.
Much like the famous story about how Joseph Kennedy sold all his stocks before the market crash of 1929 because a shoeshine boy gave him a stock tip, the fact that ETFs are showing up enabling investors to benefit from the demise of brick-and-mortar retail tells me it’s time to go the other way.
Alibaba gives you a safer way to do that while betting on its very hopeful future.