Great time to buy consumer internet businesses
Initiated positions in $DASH $ABNB $SPOT and thinking about $HOOD $DUOL $COUR

Will keep piling for next 3 years.
Conor Mac's avatar
Question for you, and I know its a bit redundant given you are a LT investor.

I'd say that some of these companies could be considered highly discretionary. In a recession, people eat out less (DASH), travel less (ABNB), have less disposable income for investing (HOOD), learning (DUOL) and they cut monthly expenses like SPOT, although I must say that Spotify is likely very low down on that list of expenses someone would cut first.

Do you feel the bad juju is priced in to these names?
Modern Growth Investing's avatar
@investmenttalk i feel like its already priced in, they might drop further, but this is good entry point for me and I am going to keep buying for next 3 years, so if they drop good for me(advantage of having income and being a retail investor) none of $DASH $ABNB $SPOT are going anywhere for next 10+ years
Joey Hirendernath's avatar
What factors specifically are making you consider $COUR?
Modern Growth Investing's avatar
@joeyhirendernath Globalization of US education brands over the world for all consumers who can afford them, and I think thats a lot, and amazing progress on their enterprise business.

They are core part of the infrastructure needed to modernize/ digitally transform old/dinosaur institutions