True.
I have 3/5 WAAAX. Used to have 4/5 but stupidly sold out of one of them at the time.
Here's my take on the risk levels:
WTC - absolutely bananas at $39, at $34 still high but not unbelievable levels considering that the company hasn't even started out yet.
I consult in consumer retail and almost all consumer products in Australia is imported, so I deal with the import-export industry. Even with CargowiseOne, there is still too much paperwork, too many grey areas, too many unknowns, too many sources of information, disparate sources of inconsistent info, poor updates and no one-single-source-of-truth.
The logistics in import-export is still an absolute nightmare to a millennial like me. I can track exactly when my Dominos pizza is being made to the second, I know when it's in the oven, I know when my pizza is being boxed, I know where my delivery guy is and what route he is cycling through to get to me. I know the very second it will arrive at my doorstep.
It is umfathomable that the importer or exporter is unable to quickly track where the efff his or her pallets of cargo is, when it's efffing expected to arrive. It's all up in the air most of the time.
There is still this ginormous void of issues within the logistics industry that nobody except Wisetech is trying to solve. The runway ahead of WTC is so damn efffing long, it's not even funny. Might be funny for people outside the industry, but for people actually dealing with cargo, pallets, containers... this industry seems like it's still in the 1940's to be completely honest. A disgrace.
This is why I have 7.5% of my portfolio in Wisetech. To me, WTC under $30 is investable.
Altium - At $36, it's 2nd cheapest (if you can call it that). Such a long runway, unparalleled margins that will only increase. Plus marketplace being introduced sooner or later, it's one I don't have enough of and I need more. I am hoping for a massive pullback.
Appen - Cheapest, and also my biggest holding (Was 30+% of my portfolio, now 25%). I finally topped up on weakness today, after uhhming and arrring at the $24 level. Perhaps only retards top up on a position that's worth 25% ... I guess we'll see in 3 years time.
Afterpay - No interest at these levels, it's at sillier levels than WTC imo. Possibly much faster growing if they don't trip up, but the highest risk out of the WAAAX's imo.
Xero - Just like Altium, margins that will only increase. Proper SaaS, probably the most blue-chip out of them all. I have been wanting to build a position in this company but it seems to be holding it's value really well - like I said, I feel this is one of the most blue chip "growth" stocks I've followed. High growth tech stocks in NASDAQ goes down 5%, XRO goes down 2%. When NASDAQ goes up 1%, XRO goes up 2%. The consistent 2 steps forward, 1 step back price action makes it such a hard stock to buy into. I guess non-WTC holders who want to own the stock feel the same way though!
This ended up as a post where I penned down my thoughts on our WAAAX darlings
Unintentional but it'll be good to see what happens over the remainder of 2019. I think all our WAAAX darlings will probably take a breather until next year.
(20min delay)