October was a decent month as my portfolio rebounded with the broad market.
During the month, I grabbed shares of $AFRM $MQ $QS and $TOST and in order to raise cash for these, sold out of a few lower conviction or more mature companies in my portfolio....
Two and a half years ago, when I first became active on FinTwit and started sharing my high growth portfolio, many called me 'an idiot' or 'a clown'. These critics were sure my 'overvalued' stocks would crash and burn!
Between April '20 and Jan '21, when I repeatedly posted...
...that I felt that we were witnessing a young bull-market, the same critics chastised me again and called me all sorts of names.
Well, my 'overvalued' stocks have done pretty well + the broad indices have been rallying hard for almost 18 months (with minimal pullbacks)...
...Despite this, these 'value oriented' critics and anonymous keyboard warriors still believe that I am the 'clown or the idiot' and they are in fact right.
My 'overvalued' bubble stocks are still strong and the 18 month old bull-market is still running! And I am the 'clown'!?
August was a decent month and today marks the 5th anniversary of my post-retirement high-growth portfolio.
My portfolio's YTD return is +46.92% and over the past 5 years, the return is +830.25% (nine-bagger on the entire portfolio) representing a CAGR of 56.21%...
- Durable growth (not cyclical, prone to booms/busts)
- High gross margins (especially for software)
- Outstanding revenue growth (50-100%YOY!)
- Big TAMs/long runways/still early in S-curve adoption
So, here we have disruptive companies which are growing rapidly within enormous
This deceleration shaved off 24% of Fiverr's market cap!
Here is a company which despite very tough comps (after last year's COVID related boost to its business), announced that its revenue will grow ~50% this year and its stock got smoked!
Agreed; its valuation was elevated but this 83% gross margin business is now...
...valued at ~21 X year-end EV/S.
Yesterday, Fiverr announced its active buyers grew by 43%YOY in Q2 '21 to 4 million and spend per buyer increased 23%YOY.
So, apart from a mild slowdown in its business (expected after last year's bump), all other metrics didn't indicate...