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15/07/21
20:54
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Originally posted by StefanF:
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PayPal never worried me because it doesn't have a good reputation and isnt being used for in-store purchases. Apple pay on the other hand is already integrated in-store, online and is used by a huge amount of people multiple times a day. Yes Apple doesn't have a marketplace (at least not yet) but on the flip side they are an accepted payment method pretty much everywhere. This makes it a suitable alternative for people who don't want to worry about "Is Afterpay accepted here?". That's a different type of threat and for the first time in a long time makes me feel uncomfortable about my oversized BNPL portfolio. Will be looking to trim my holdings in the near future, not because I don't believe in them anymore but to exercise prudent risk management.
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PayPal never worried me because it doesn't have a good reputation and isnt being used for in-store purchases. Wrong. It is accepted by most major US retailers. https://www.paypal.com/us/for-you/pay-in-4
Originally posted by StefanF:
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I think you're confusing my "prudent risk management" with "I've lost faith in this company". I'm a Risk Specialist by trade so I think about these things slightly differently than the average Joe. The "hodl-at-all-cost" mentality is rarely used by experienced investors. When there is a shift in the competitive landscape that in your opinion could put at risk the growth of a high-growth stock then you should act on it. Klarna and Affirm, not even Paypal fazed me but Apple pay is personally a bridge too far for me to continue holding 60%+ of my portfolio in APT. I'll be trimming it in half (at least). This is a very calculated decision for me and not a panic sell.
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A prudent funds manager would have almost zero exposure to a company like APT. They would also have used trialling stop losses to sell the shares once the peak had been reached.