Quote:
Originally Posted by lewdog
Everyone post what stock is your biggest individual holding.
I’ll go first.
PYPL as a long term position started over the past year for me.
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I know banks, as a banking regulator for a state agency - obviously I am prohibited from owning banks regulated by my state - but that didn't mean I couldn't profit tidily and confidently by making a swing trade in PACW and also buying and holding USB forever at 26.?? a share.
I thought about Paypal, but ultimately decided the lack of moat and numerous alternative payment platforms - and perhaps more specifically, Apple pay and bank-related products such as Zelle which are infinitely more convenient in my view. I do think it will be fine now that it is far more appropriately priced than it was historically. A fairly tame gamble, if you will.