Anonymous
Investment gurus, any thoughts on SPOT right now?
Would appreciate some advice/insights that I may have missed out on? Looking to invest soon. Feels like a hidden gem.
DrWealth Adam Khoo Learning Technologies Group The Fifth Person The Systematic Trader VI Ultimate Investing
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Maisul
21 Apr 2021
Youtuber at Google (Channel : Say Do Invest)
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ARK invest owns quite alot of spotify shares. They are huge fund managers that invest in disruptive industries.
SPOT is considered a high growth stock. Right now money is moving more into value stocks , in my opinion its a cyclical way of how fund managers move money in different stock categories.
SPOT dipped 25% from its all time highs and SPOT belongs in the likes of stocks like TSLA , SQ , SHOP all the stocks that are considered high growth.
So in my personal opinion, these kind of stocks will surely be in the spotlight again just like how they were few months back.
We just have to wait and be patient for the money rotation to all the growth stocks.
buying it for the long term will do just fine. above are all just my opinions, im not a financial advisor :Dāāā