1/ My notes on #Fintech. My biggest concern with Fintech is so many of these companies are now highly linked to crypto. I have my own crypto portfolio and the biggest fear here is crypto turns out to be a fad and goes away.
2/ This means companies like $COIN who is 100% about crypto are highly levered to this risk. That is not my base case, but it is a risk I must diversify away from. I went through $COIN, $SQ and $HOOD.
3/ I will make $SQ my top pick in this space. It does have some risk with its big #Bitcoin segment, but its all about the electronic payments and cash app for me. I love those business and there seems to be little competition in the small business payments space.
4/ I really liked $COIN, but I fear its all about crypto. Owing it would give me high leverage toward crypto. It seems like the wise choice to find something that isn't all about crypto in the #Fintech space.
5/ I went over $HOOD this morning. It is more about stock trading app then it is about crypto; even though, they are expanding into crypto. It has been crushed as it was the trading app of choice from pandemic traders.
6/ I know my Nephew was one of them. Every day it was about Crypto this or space stocks or EV stocks. Now I haven't heard from him in 2 months lol. I guess that checks off the bubble bursting.
7/ I think $HOOD has to shrink after the bubble popped and can grow from that lower more healthy level. That would allow them to build at a more sustainable pace. The big question will be if they are up to that task.
3/ Due to my desire to be diverse beyond crypto, I have $PYPL, $SOFI and $AFRM to still do today. I plan to have my top 2 or 3 picks in this space today. I hope.
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