This year was supposed to start out with me focusing on my investment strategy more than in the past. I’ve already managed not to do that. I was in Israel on business discussing the US healthcare market, the business problem we are solving, and the integration challenges we face. After years of hearing about Israel, I had an uneasy feeling of traveling to Tel Aviv. To top it off, we ,very publicly, assassinated the leader of Iran’s armed forces the night before I left and Iran sent missiles to two of our bases in Iraq AND a 737 went down in Tehran the night before I came home. Israel was a great and welcoming place with excellent cuisine but I’m not unhappy that I left before tensions escalated too much further.
My general approach to investing this year is a combination of market trends and investing in what I know. Working for a Fintech and being part of one of their SaaS divisions, I feel I have a good sense on what public SaaS solutions have a foothold in tech. OKTA, TWLO, MDB, and TEAM are some of my favorites. On the financial side, there are SQ, PYPL, V, & MA. There are probably some smaller players that I need to become aware of. Outside of investing in what you know, there is the concept of follow the momentum. This is something that I first started to understand years ago when I found Howard Lindzon (www.howardlindzon.com) and then Stocktwits. Stocks I like in that category are SHOP, COUP, & RNG.
With the imminent release of fractional share investing at Robinhood, my plan is to buy weekly positions in these names. I did not take my first positions until today and will be doing so on a less than weekly cadence because fractional shares is not yet rolled out.
Around this main position, I am going to try my hand at swing trading. This will be the focus of my next post and the area where I need to work on the most.