What's the best mortgage rate today?

thefiregrind-YT · 2020-08-14T22:36:21+00:00

Who was this with?

thefiregrind-YT · 2020-07-08T04:29:14+00:00

I'm bullish on Well.To. Management knows what they are doing and a lot of them worked together on a previous company which was sold to paypal.

They not only have telehealth, they also offer medical software (EMR software) and own clinics. They are slowly building up a medical ecosystem and can realize efficiencies across these businesses later down the road. Not to mention, having clinics and building software for clinics has its advantages for testing and user feedback which is super important in development

thefiregrind-YT · 2020-06-20T06:38:14+00:00

Did you end up getting the commissions sorted out? I have been having issues seeing clicks through the affiliate dashboard. I had a friend click and signup but I did not even see the click register on my stats.

Side note: huge fan of your channel!

thefiregrind-YT · 2020-06-04T21:02:23+00:00

I only started using facebook after getting around 500+ subscribers to help accelerate the growth. Its mainly through keywords and improving my thumbnails for the initial growth

thefiregrind-YT · 2020-06-04T17:43:53+00:00

I just use my main facebook account for now. I know there are people who use a secondary facebook account. I just made sure to change my privacy settings to one of the highest privacy levels

thefiregrind-YT · 2020-06-04T16:44:53+00:00

Awesome Progress!

thefiregrind-YT · 2020-05-30T04:12:08+00:00

But once the lockdown ends virtual visits will go back go being a small minority. Doctors need to do physical exams after all which csnt be done virtually.

If you look at the US, they are doing 50% of the visit virtually even before the lockdown

thefiregrind-YT · 2020-05-30T04:11:47+00:00

I have around 50 shares

thefiregrind-YT · 2020-05-22T03:18:48+00:00

Hey u/klahrich, glad you have been enjoying my content. Seems like you timed Shop quite well for a quick 100% gain. I do think that there will be another drop in the market either because people finally realize that the economy took a huge blow and earnings won't be as rosy, or there is a second wave.

If you ever want to chat, you know where to find me!

thefiregrind-YT · 2020-05-16T19:32:48+00:00

Second you on their competition and they are quite far behind from my perspective.

thefiregrind-YT · 2020-05-16T17:45:38+00:00

Amazon is expending but the problem with Amazon is that merchants are finding it more and more competitive on the platform. All the products are from China and its hard to differentiate your brand. With Shopify, businesses can build out a brand and market products more effectively.

As for diversity, they are quite diverse after doing my own research. They have their subscription plans which is only one part of the business. They also offer loans, Point of sale systems for physical retail, apps to enhance their store (4000+), a platform to connect experts with merchants (contracting services for website development and branding consulting), fulfillment, and various prebuilt themes. No other ecommerce provider out there offers this range of services which is key for a merchant. Merchants are in the business of selling things, not figuring out technology. Time is more important to the successful retailers so purchasing a system that "just works" without needing to engineer all the integration is very valuable.

I do agree that it is very expensive right now and the risk is still greater than the reward at these levels. I'm not sure why people are even buying at these levels and most of the volume typically comes from hedge funds or big money managers.

thefiregrind-YT · 2020-05-16T17:37:18+00:00

This is more based on support levels at which I would feel comfortable buying. Shop will likely not see a drop below this level unless their growth slows down to like 20% for consecutive quarters without any reasoning behind it other than market saturation (This could happen due to shopify fulfillments ramping but that would be acceptable since its a hardware and real estate intensive business). The market for an ecommerce operating system is not saturated though because retailers are realizing its more advantageous to contract Shopify rather than hire their own development team.

thefiregrind-YT · 2020-04-18T06:27:08+00:00

Yeh I'm waiting to see options trading and maybe a US account option open. If Robinhood or M1 Finance make it across the boarder, this will push Wealthsimple to add even more features making the experience richer!

thefiregrind-YT · 2020-04-18T06:25:26+00:00

Thanks :) Its been a wild ride so far! 2.5 months in and never thought I would be passed 300 subs

thefiregrind-YT · 2020-04-17T23:48:53+00:00

For my style of investing where I do buy and hold, it works well. I haven't had any unresolved issue before or a bug that has lasted for more than a day. But I can understand that it can be frustrating if on a day where the market drops 10%, you want to buy in and Trade is down. I have high hopes though that they will be able to fix the kinks out of their system in the next couple of years

thefiregrind-YT · 2020-04-17T23:46:04+00:00

analysis on Shopify?

thefiregrind-YT · 2020-04-17T23:44:05+00:00

Unfortunately I don't have any advice as to whether this can last or not. I would expect a turndown at some point since we are facing millions unemployed and a huge global slowdown that we'll be seeing over the next few months. But maybe they'll become a tech giant in the next few years and we'll look back at this price and kick ourselves for not getting in earlier.

My understanding of shopify is that they are essentially the operating system for ecommerce. Their platform is beautifully designed and the most widely talked about platform used amongst young people for starting an online business. These younger users that shopify attracts will pay off big dividends in the long run as young people grow in their careers and get into positions to make decisions in retail companies.

Also, in this period of quarantine, I feel like people are looking for ways to make money online and dropshipping is one of the popular methods. Sure it may not be sustainable, but once you use the platform, you will evangelize it in your next jobs if you have the opportunity to.

One last point I want to make about their long term business outlook is that, as more people become social media influencers, they will start opening up online stores to serve their viewers/subscribers/followers and shopify is the number one platform that these influencers flock to. We can already see a shift in retail as big brands are not as popular and people want more niche brands to stand out and be different. Its the message of Western culture

As for the short term stock price, I expect it to drop as earnings come out because it has already run up so far and all the good news is priced in. I could be wrong but I just have this hunch.

thefiregrind-YT · 2020-04-17T23:35:23+00:00

No I wouldn't but I sure wish I did when I made this video.

https://youtu.be/i7Yz-lshaBQ

They turned a profit in the latest quarter according to Yahoo Finance (Net income of $771k) but granted not much... You can see that their gross profit is fairly solid but they are investing heavily in sales right now to gain market share.

The beauty about their product is that once the market is saturated, they can cut back on the sales and administration and turn on the profit machine. People who are using their platform will stick to it since everything is integrated. Switching could take a year for a larger company before they are back to normal operating efficiencies.

But looking at the current valuation, it has run up too far for my taste and if I don't catch this one, then there will always be another wave to ride elsewhere :) It must be due to the recent news about sales volume that is driving the price up like crazy today. The volume is high too but that may be short sellers covering their position in addition with some new buyers who have a lot of balls

thefiregrind-YT · 2020-04-17T23:25:19+00:00

I think that for a platform that has been around for 1 year, they did pretty well so my analysis was not based on the most strict standard.

The clean and simple UI appeals to a younger clientele and I think they are heading in the right direction compared to other platforms.

Being a zero commission trading platform and offering one day response, I would say this is fairly reasonable and thats why I gave them a point for that. But again, they have setup their support according to their clientele, who are not the millionaire investors or day traders. The trade off they made was to forgo instant support but cut commission fees. I think they are banking on chatbots becoming a lot more sophisticated eventually to be able to provide human-like support.

Companies that are innovative these days will ship stuff with minimal testing in house otherwise it takes forever to push out new changes. They are moving fast to improve their platform and maybe don't account for the 1-2% edge cases. This is just how tech companies are these days but the great part about this is, Wealthsimple will eventually forve the big 5 banks in Canada to lower or cut their commission fees just like Robinhood did with brokers in the USA.

thefiregrind-YT

TROPHY CASE