Gomdolee to Delay Restructuring

Gomdolee would halt transition process into the holdings company (ex. berkshire hathaway) In late 2015, Yang Family decided to form a holings company to promote and manage Family fortune. We have registered Gomdolee as a Blog to hold naming rights in Canada for the time being. For the past 4 years, we have worked deligently with lawyers and accountants but due to Covid 19, it seems impossible for us to restructure Gomdolee as of now. However, it still is our ultimate goal to form holding company.

Currently, most of Gomdolee’s asset was under family memebers’ personal finances.

This does not change our view nor investment principles.

Lawyers and accountants would resume the process when the right time comes.

 

Thank You.

Gomdolee Goes All Cash

As of November 5th of 2020, we will be halting any investments. We have been liquidating stocks and fixed incomes throughout the pandemic. At the momement, we are very pleased and humbled to be where we are at. We are able to beat the market even with the extreme volatilities. We still hold tiny amount of hedging puts from last month. We will resume investing activities when the right time comes.

This is not an investment advice. Invest at your own risk.

 

Thank you.