Occupation: Business Development
Industry: Food Packaging
Stake Portfolio Size: $5K USD
In one sentence, define your trading style.
My style is simple, listen to the people that do a lot of research, understand their investment reasons then research for myself and finally make a decision. A copycat investor. Eventually I’d like to undertake the process from start to finish but hey, there’s a lot of ETF managers copying the market ;).
Why are you in the market?
Have you seen interest rates? Mainly because I prefer a proportion of my money working on a higher potential return than simply leaving it in the bank. I also enjoy speaking with people and researching different companies and markets.
Being in the market keeps me informed and is exciting. While I don’t have a huge amount in my portfolio, it’s always nice to wake up and see that green arrow when I open the Stake app.
What’s in your portfolio right now?
I jumped in and out of Beyond Meat. I am probably down over the time period but I believe in the company long term. I am considering investing more in this share especially now it is turning around a bit. I am also keeping an eye on other sustainability stocks like Tesla which are flying.
Any other investments that are not on Stake?
I have been trading on the ASX for a number of years. Moving forward, more of my trading will be on ‘Stake’. The simplicity of trading and access to the US makes Stake my preference.
What are you watching and why?
I’ve been watching a lot of tech stocks like ‘Zoom’, ‘Slack’ and ‘Hubspot’. Tech stocks have been top performers over the past few years. For now I’m still considering what my next move is with Beyond Meats. I believe there is still value here!
Do you have a trading or investing role model?
Nope, but I frequently ask people with sound experience and a good track record for advice. I have a few friends who are good traders and investors and they’re always willing to share. I’ve found the community to be very engaging and happy to share their knowledge. I think it’s because everyone was a newbie once and no one knows everything.
What’s a piece of advice you’d give a newbie?
Research, research, research. The more information you know about the company and the industry the better.
How did you first get in to trading?
I got a tip from a family friend so I decided to do some research. After further reading I was convinced; I knew this company was only going one way. After a lot of pain and waiting three weeks, I finally had my commsec trading account open. In the meantime this share’s price increased by 40%! I was not happy. Nonetheless, I invested and still made a decent profit.
If you were to buy a US stock or ETF right now, what would you buy and why?
I like all the alternatives. Alternative foods, energies, medicines etc. I believe as humans we are in a time where the world HAS to change to survive. With this change there is a huge opportunity to not only make the world a better place through investment but simultaneously profiteer.
I have been patiently waiting for Oatly (alternative milk) to IPO and will look to invest when they do!
ICYMI: make your own decisions
This is not investment advice, just my opinion. It doesn’t reflect any opinions of Stake. I’m as fresh to this as the next person off the street. Do your own research and make your own decisions.
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