Quiet Contrarian. Ep 13: Trades for February 2021

This has been an interesting few months. In the wake of GME/ rise of the retail investor/WSB universe, I’ve started to explore options of getting investment information that is less directly from the sources. Primarily tapping into the Australian investment community that’s active on Twitter and Strawman. As a result, I’ve probably been experimenting in a space that’s different from my usual mode of investing, and may have gotten caught up in speculative furor more than I usually like to. Hopefully this will lead to some better decision making, and stock picks. But it may just be a red herring, and I’ll drop back to my usual methods soon enough.

Buys

Cashrewards – CRW.ASX – They are a win-win style business. Additional purchases for merchants, money back for consumers. It seems like a no brainer for people to join up. Currently unprofitable, but they are growing their userbase significantly. Decided to get in early and just see where it goes.

Silver Mines Limited – SVL.ASX – This was a YOLO buy, based on the rise of gamestop and the meme stocks that have been going berserk lately. Was probably a serious mistake, and a good lesson. It is at the moment. Buy on fundamentals and good thesis. Don’t be the one left holding the bag.

Sells

Virgin Money UK – VUK.ASX – These guys have bounced back to my buy price. Not massively enamoured with them. I think as part of my trades going forward I am going to consolidate my portfolio. Start to remove “value” players like this to replace with “quality” and “growth”. In the “cheap overseas banking” players, I prefer KSL, they have a better growth story, though they are in a higher risk market.