Posts

Why chasing $DWAC or $PHUN is not advisable

Image
 Hi all, I am sure many of us witnessed the incredible surge and madness that Digital World Acquisition Corp  ( Ticker: $DWAC ) underwent last few trading days when the SPAC (blank check company) went up multiple folds from just USD $10 to over USD $175, and back to $94.20 as of writing. This blank check company was the hot momentum stock when it announced news that it will be merging with former U.S President Donald Trump's Media and Technology Group. Given that Trump was banned from Twitter and Facebook, it was his chance to get back to the media spotlight with his plans to create this new social media platform.  Following the huge surge in price madness for $DWAC, traders began to search for the next stock that was linked to Donald Trump and they have found it in Phunware Inc ( Ticker: $PHUN ). The company which was founded in 2009, went public via a SPAC in December 2018 and was found that it had some links during the Trump/Pence presidential campaign in developing mobile apps.

This Stock has 10x potential

Image
 Hi all, I shared the  FUBOTV ( $FUBO ) Q2 earnings in the post below, and their earnings were exceptional. Refer to the link below: https://engineerfinancialblog.blogspot.com/2021/08/2-stocks-that-shown-tremendous-growth.html Just a disclaimer: I am invested in $fubo at an average price of USD$24.40.  I am not a financial expert. Please do your own due diligence before investing into any company. Here is why I believe that the final 2 Quarters and 2022 will be a great year for FUBO and the performance of the company.  1. Comeback of Livesports With the reopening of economies, Live sports have resumed and this can be a catalyst for new subscriber growth. Based on Apptopia, there looks to be good growth in terms of the monthly app download growth and bids well for the upcoming earnings report. Upcoming and ongoing Major Sports events: NFL, Winter and Summer Olympics and World Cup qualifying tournaments.  2. Launch of Sportsbook As FUBO fans would have known, the company is on track to

Why I keep adding to SOFI stock

Image
 Hi Readers, I have been increasing my position in SOFI (Ticker: Sofi) for a few months now, bringing my average cost down to $18.21 USD .  Despite the recent correction in growth stocks in general, I am still positive and bullish for SOFI long term because it is going to be a Superapp and its surging popularity among youths is likely to translate into sustainable growth for years to come.  What differentiates SOFI from other fintech apps and what makes me so bullish on SOFI long term? 1. GALILEO Financial Technologies Sofi acquired Galileo in Apr20 and this acquisition of Galileo is a game changer as it cements Sofi as a key payment processing platform for the future. Galileo is a powerful payment processing platform which offers an easy solution for companies to create sophisticated payment card programs and digital banking solutions and its key companies include Stripe, Square, Goldman Sachs among others. Galileo has had incredible growth thus far (over 100% YOY) and will be cont

Why I initiated a position in AFFIRM

Image
Hi Readers, I initiated a small position in Affirm Holdings (Ticker: AFRM) at USD$113. This is a small starter position which I initiated which allows me to dip my toes in the 'Buy Now Pay Later' trend. Below are some of the reasons why I began the position. 1. The rising trend of 'Buy Now Pay Later' and the possible disruption of existing credit card companies Credit card companies like Visa and Mastercard charge hefty fees with every transaction and Buy Now Pay Later companies like Affirm provide an alternative for consumers to split up their purchases to monthly payments with no interest (if they pay on time).   In Affirm's latest quarter earnings ,  - Recorded revenue growth of 71% YOY - Gross Merchandise Value up 106% YOY - Active consumers grew 97%  up to 7.1 Million YOY - Active merchants up 412% to 29,000 2. Huge Total Addressable Market (TAM) Based on the global payments report 2021, BNPL will grow 181%, from 1.6% of all e-commerce transactions in 2020 to

How to accelerate your investing and learning process

Image
 Hi all, We all have limited time to do research on companies that we are interested in, or already have a position in. Here are some ways to free up your time tremendously. Even though these are simple steps, these methods made my investing journey more convenient and I am able to absorb more information more quickly in a short period of time. Hope these methods will be useful to you guys as well.  1. Using the Stock portfolio & tracker in Yahoo Finance I used to have multiple trading accounts, including Tiger Brokers, POEMS (by Philips), FUTU, Standard Chartered trading account. It was a chore tracking individual portfolios and I had to login to multiple various accounts to keep track.  The Stock portfolio feature in Yahoo Finance allowed me to consolidate all my holdings easily and allow me to view my total gains and daily gains, it also allowed me to view my gains in my chosen currency. Plus it is absolutely FREE, which is ideal for me. Below is a sample only. 2.  Using the &#

Why I sold out of my Alibaba position

Image
Hi all, Today I will share on the key reasons why I sold out of Alibaba positions ( both HK and US side). To give some context, I purchased Alibaba when it first IPOed in HK under the ticker 9988.HK at 183 HK dollars and have been holding the stock for almost two years. I even added to my position in US last year, to add on to my existing holdings. However, after considering various reasons and the current market sentiment, I decided to sell out of them.  I purchased the HK shares at HKD183  and sold at HKD211.00. I purchased the US shares at USD 193 and sold at USD 229. 1. Political climate As many of us would know, the start of this nightmare began when Ant IPO was blocked from listing on the HK exchange. I for one, was very disappointed as I had prepared to get in on the Pre-IPO to purchase Ant Group. I still remember the night before when it was blocked to list on the Shanghai exchange, and subsequently blocked to list on the HK exchange.  To add fuel to the flames, Baba was subs

Critical mistakes I made which ate into my returns- Please do not commit these mistakes

Image
 Hi readers, Today I am going to share on what are the big mistakes which I have made through my stock investing journey thus far and how you can avoid making these mistakes. These mistakes may sound stupid but they have really eroded into my returns.  1. Investing into unproven businesses  2020 was the year of SPACs ( special purpose acquisition company) whereby these shell companies take a private company public without actually going through the normal traditional IPO process. In the prospectus, we often see crazy revenue projections for many years to come. Many of us retail investors, believing the hype, jump into the SPAC without waiting for a few quarters of earnings to verify if they are able to meet these revenue projections. Coupled with many youtubers, twitter accounts hyping up the stocks, many retail investors got burnt badly by jumping into the stock. I was one of the retail investors who jumped into some of the SPACs, without waiting for the earnings and got burnt. Defini