Investment Review day 30 of 50: Shopify $SHOP

Introduction

Shopify describes itself as the operating system for commerce, powering over a million online stores and big brands in more than 175 countries. Their technology provides access to online storefronts, payments, marketing, and shipping services.

My personal investment journey with Shopify has been notably rewarding. I got in very early, managed to buy low, and sold high. While investing often comes with its ups and downs, my returns on Shopify were staggering enough to afford me the opportunity to retire in my 40s and focus entirely on managing my portfolio.

Shopify did take a hit during the growth stock correction. Additionally, there have been some dubious leadership decisions in recent years that I haven't appreciated. Although I remain fond of Shopify, my enthusiasm has somewhat cooled, and it currently makes up 3% of my portfolio allocation.

I'm currently on a 50-day journey to review my entire investment portfolio. For more daily investment insights drawn from two decades in the market, click follow.

Keywords

Shopify
Operating system for commerce
Online stores
Payments
Marketing
Shipping
Early investment
Buy low, sell high
Growth stock correction
Dubious leadership decisions
Portfolio allocation

FAQ

1. What is Shopify? Shopify is an operating system for commerce that powers over a million online stores and big brands in more than 175 countries. They offer technology for online storefronts, payments, marketing, and shipping.

2. How did your investment journey with Shopify evolve? I got into Shopify very early, bought low, and sold high. This investment allowed me to retire in my 40s and focus on managing my portfolio full-time.

3. How much of your portfolio is currently allocated to Shopify? Currently, Shopify accounts for 3% of my investment portfolio.

4. Why has your passion for Shopify cooled off? My enthusiasm for Shopify has cooled due to the hit it took during the growth stock correction and some dubious leadership decisions in recent years.

5. Are you reviewing other investments as well? Yes, I am on a 50-day journey to review my entire investment portfolio.