Fiverr Is My Newest Pick

[amarowsky]

Anyone worried about the usefulness of FVRR w/ the advent of recent A.I. software that is ubiquitously available for very low cost? It seems like a lot of the FVRR level tasks I was scoping out (using it for artwork for marketing/logo's) is obsolete for my use case.

I imagine at least some people were using it for some writing, website programming, and similar tasks. The lion's share of calories, of which can now be completed by several different affordable programs.

Go figure..... right after I type out this thought I'm having live. I start searching FVRR, Chat GPT , and start seeing videos @ how FVRR contractors can "use chat GPT / Open AI SW - to maximize earnings". I guess I didn't consider, they would use this as a tool to those who don't understand how powerful it is. (convenience factor is soo strong sometimes...)

[rennigade]

Fvrr...to the moon!

[parafly]

So is this company dead in the water or just severely undervalued? Will AI render it useless like the market seems to be suggesting?

I have picked up more shares in the 20's to bring down my average. Hopefully this is just another case of a beaten down stock that the market doesn't understand.

[LivingAlmostLarge]

I actually have been on the using end of fvrr for a few things and i have to say i like it.

[jeffmem]

Haven't heard much from Singuy, hope he is enjoying retirement. I am concerned about FIVRR, it hasn't moved much since Covid. I bought some on the way up, but still about 25k out. Did not buy much on the way up but my cost average is about $117, it makes me wonder if it will ever get back to that again.

AMD took off, but now I am starting to wonder how much time is left before it comes down. I have not really been checking stocks very much the last few years, I just let it sit, today I logged on to check things, I see AMD high was at 181, and now it is 168, trend is downwards now, but perhaps that is the whole market. Too much greed recently.

TSLA, I have, but I won't buy more, my perspective on EVs is that I think we may start seeing a downtrend in ownership because the charging networks are not in place as much as they should be. I also think components are starting to get a little harder to come by. I think EVs might do better 5-10 years from now, though with that said I am not selling one share of TSLA even though it is probably seriously overpriced.

I am 11k down on my whole portfolio after an entire account sell off in 2020 and repurchasing different companies during the pandemic. Some of them went down with the market and some never recovered like CHEWY. But some have exceeded my expectations and are driving a balanced portfolio. I need to shift again, AI changed things and could be one factor in some stocks not returning, though I am still hopeful as some companies need over the 18 month cycle to recover. The US opened its doors earlier than other countries so I expect inflation to fall or actually I think that already started.

[srblanco7]

Looks like FVRR was valued at $318/share in Feb 2021 and is currently sitting around $30/share. 90% loss in market cap. And it appears their EBITDA is still "in the red".

Not intending to pour salt - but this is perhaps a solid reminder (for me) of the risks of investing in individual stocks.

[LivingAlmostLarge]

dont play with money you can't afford to lose

[FrostedMoose]

dont play with money you can't afford to lose

youll never get rich thinking like that. but maybe you dont want to be.

[LivingAlmostLarge]

youll never get rich thinking like that. but maybe you dont want to be.

Definitely. I think you get rich by taking risks but the stock market isn't the only place. We've done it professional and it's been surprisingly good for us. But the risk has been great each time with potentially greater rewards. But not everyone can do it. Or stomach it

[jeffmem]

So what is this group's thoughts on continually holding FVRR or selling it, take the huge loss and move on, or wait to see what happens? Some stocks recover, but sometimes it takes much time, 5-10 years.

[disneysteve]

So what is this group's thoughts on continually holding FVRR or selling it, take the huge loss and move on, or wait to see what happens? Some stocks recover, but sometimes it takes much time, 5-10 years.

I own a few shares. I just haven’t gotten around to dumping them yet. They’re in an IRA so no tax benefit. I see no good reason to hold them. Maybe I’ll sell them today.

[jeffmem]

I own a few shares. I just haven’t gotten around to dumping them yet. They’re in an IRA so no tax benefit. I see no good reason to hold them. Maybe I’ll sell them today.

So you think it's not worth holding them for the next few years to see what happens? Ouch... That's a big loss for me if I do that.. I'd really like to know what Singuy thinks about all this, but he rarely comes on.

[disneysteve]

So you think it's not worth holding them for the next few years to see what happens? Ouch... That's a big loss for me if I do that.. I'd really like to know what Singuy thinks about all this, but he rarely comes on.

Don’t take my actions as stock advice. I’m almost 60 and about to retire. I’m looking to simplify my holdings a bit and also focus a little more on income.

[jeffmem]

Don’t take my actions as stock advice. I’m almost 60 and about to retire. I’m looking to simplify my holdings a bit and also focus a little more on income.

Yeah, I just don't know if this stock is going to come back at all or not. With AI now, I don't know if FVRR can turn around. That is my concern. But I am a bit younger than you, so I have some time to wait if the stock might come back a little. Some companies just need more time. Who knows.

[LivingAlmostLarge]

I sold the ones in my taxable account a few years ago and I held the ones in our Roth IRA. Who knows? I think there is a lot of potential there since AI can be used to help contract workers, but no one knows. Who knows also who will win the AI wars.