It’s already New Year in China, and the Year of the Monkey might as well be the “year of the money!”
Chinese domain investor, George Hong, founder of the highly successful domain brokerage company Guta.com, lays out his domain investment predictions for the new year.
2016 is the Year of the Monkey.
New Chinese Investors and Capital will be drawn to domain markets.
Chinese new year is the time that Chinese family members and friends gather together to share what have happened in their lives during the past year, talk about their plans for the coming year.
Most of Chinese domain investors made money in 2015, while the majority of Chinese stock investors lost money in 2015. Many stock investors probably heard about domain investing from newspaper and TV channels and eager to find out more about domain investment from their trusted friends. You can imagine the content of conversations between domain investors and stock investors.
In the past month, I have spent 6 figure USD buying domain names. In the past 1-2 months, I advised Guta’s premium domain holder clients not to sell domains if they can wait as I believe that prices will go up in a few months.
Naturally, George Hong’s investment advice to Westerners eager to tap the Chinese domain market should be taken seriously.
- This week could be a good week to buy, as most Chinese buyers are taking new year break, there would be less competition.
- Don’t be too innovative and don’t try to outsmart Chinese buyers. If you find out certain investment opportunities that Chinese buyers have not discovered yet. Invest cautiously, chances are Chinese buyers will probably never find out or care about those opportunities. Try to buy domain names that are wanted by a lot of buyers instead.
- If you are not sure what to invest, please check out the categories of names that we are brokering.
Happy New Year to George Hong and may the Year of the Monkey bring prosperity and fun to his business, at Guta.com.
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