Got some shopping🛒done again today.
$TDOC (add)
$U (add)
$AFRM (new)
Tempting 👀 $RDFN $PLTR $SNOW $FB* $NVCR* $ROKU* $TWLO* $MELI* (portfolio positions*)
Other interesting ones (based on current prices) that I'm still learning about $NCNO $FROG $FUBO $SKLZ
$TDOC (add)
$U (add)
$AFRM (new)
Tempting 👀 $RDFN $PLTR $SNOW $FB* $NVCR* $ROKU* $TWLO* $MELI* (portfolio positions*)
Other interesting ones (based on current prices) that I'm still learning about $NCNO $FROG $FUBO $SKLZ
Here are few of my quick personal guidelines for Volatility (as a net long-term buyer of good businesses with decades left)
✔️Once you get Ben Graham's Mr. Market analogy into your head, Volatility will stop surprising/bothering you.
✔️Once you get Ben Graham's Mr. Market analogy into your head, Volatility will stop surprising/bothering you.
✔️ You can't predict it, but knowing that it'll show up sometime, you can make your Portfolio resilient enough to withstand any short-term shocks.
✔️ Liquidity in great Co's + Volatility induced low prices : That's not something to complain about.
✔️ Liquidity in great Co's + Volatility induced low prices : That's not something to complain about.
✔️ If you have a Watchlist (& attractive opportunities from you holdings) ready along with some cash (existing or selling weaker Co's), you can slowly start taking advantage of it.
✔️ I usually buy smaller positions in new Co's or add to existing Co's during these times, knowing that these or the overall Market could continue going down.
✔️ It's not about timing, buying/selling a lot at once, it's slowly deploying cash whenever opportunities arise.
✔️ It's not about timing, buying/selling a lot at once, it's slowly deploying cash whenever opportunities arise.
✔️ Tune out the noise. Just like a Pilot's skill is tested during turbulent times, an Investor's skill is tested/rewarded based on your actions during high volatility. Think/act long-term.
As for $AFRM, it's a small starter position to have SITG and learn more about the "Buy Now Pay Later" space.
Overall, I see BNPL gaining traction with Millennials and younger generations. I like Affirm's mission, Mgmt's strength in Finance/Technology, ongoing partnerships etc.
Overall, I see BNPL gaining traction with Millennials and younger generations. I like Affirm's mission, Mgmt's strength in Finance/Technology, ongoing partnerships etc.
Of course there'll be lot of competition in this space from $PYPL, $SQ, Klarna and incumbents.
Also it's not an easy Business model to understand, Merchant fees vs Lending income, Bank Partner & other relationships, Funding costs and charge-off trends...
Also it's not an easy Business model to understand, Merchant fees vs Lending income, Bank Partner & other relationships, Funding costs and charge-off trends...
and how this all changes during weak economic periods & hyper competition.
At the same time, it's fun and challenging to learn more about emerging trends (especially being invested in $V $MA $SQ).
At the same time, it's fun and challenging to learn more about emerging trends (especially being invested in $V $MA $SQ).
Disc : None of the securities and process discussed here are recommendations, but you already knew that.😀
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