Fiverr Is My Newest Pick

[jeffmem]

Ouch guess I should have waited the FVVR sell off is bigger. I bought more at 230, now down to 218, will it go back under 200???? dang... Quite a speedy sell off today.

[jeffmem]

I have 4 pending projects with FIVRR, problem for me is that I am lazy to get them started. I got plenty of offers and plenty of samples, and the communication and pricing was good. Some of them were so so, so I dropped them, but overall, for the price some of the designers are offering, they are pretty ok. A lot of them from India and Pakistan are agents and they run a team, the guy who answers you is the front man taking orders, then passes it on to his colleagues. This could go either way. I had had problems with Indian designers in the past from another website that is probably now defunt as I cannot even remember the name of it. Elance also was not good. But if you are not picky you can get something done quickly and cheaply, but if you want something extremely high quality, you are going to pay more for it. That's just how it is.

[amarowsky]

My old partner did this to get a logo for a side business venture he had started. He spent next to nothing and got a bunch of great options.

Motivating news! Thank you for sharing Steve

I have been making some text designs (super basic) for a local park I love to death. It's (in my opinion) the Jewel of Metro Detroit/Wayne County (Hines Drive Park). I like to promote it so people can enjoy nature, get exercise, and maintain the park (it's huge, 17 miles long - indexing along the infamous rouge river). I've worn my dorky simple logo Shirts that say "Hines Drive" and have had others randomly complement me on walks & hikes. So I wanted to increase the variety of designs, so there is a "shirt" for everyone to promote.

Hines is kinda cool because it was bought by Henry Ford wayyy back in the day. And he built it as a direct drive from his Hydro electric plants along the rouge (@ northville & Livonia MI) to lead right down to his Dearborn buildings. He eventually leased it to Wayne County parks for $1 a year. (kind of a gift to detroit). I can't express how important this park has been to me (especially during lockdown). So I hope to use excess shirt sales to donate to the park to help keep it clean, safe, and preserved. (right now my only donations are - beginning of every month I walk my 3 mile loop w/ a garbage bag & pickup all the litter along my hike). Then I let it aggregate until next month! <--- my little way to pay back something, after receiving so much.

Hearing this from you Steve, makes me want to pull the trigger on some of those TONIGHT! (When I do pull the trigger, I'll report back my feedback in here to share w/ the gang). After all.... we all(many of us) are part owners in FVRR now. Mite as well get some use out of this growing behemoth.

[disneysteve]

Just to add a little ballast (revenue) to the FVRR ship! I have been browsing their artists & illustrators recently. Thinking about dropping $$ - $$$ on getting 5-20 variations of some artwork! Pretty cool to think for an avg price of $5-20 you can get tons of different artists perspectives/style on an Idea you want to come to life.

Excited to see what kind of results I get for this price point. Trying to temper my expectations though.... Going to weigh quantity ($5 ones) over quality ($20-60) ones. To see how it all shakes out.

My old partner did this to get a logo for a side business venture he had started. He spent next to nothing and got a bunch of great options.

[amarowsky]

man had this been around when I was a kiddo (14-20) I may have pivoted in my career. And stayed in graphic design & animation, as a freelancer (at least to bootstrap my career). And it would have been fun to offer illustrations for people too (and a great opportunity to create more artwork & get better). I could think of worse ways to spend an hour, listening and/or 50% watching something, while sketching out some art for people. Would have been a fun way to grow my skills and make a few $$'s to fund my hobby.

[amarowsky]

Just to add a little ballast (revenue) to the FVRR ship! I have been browsing their artists & illustrators recently. Thinking about dropping $$ - $$$ on getting 5-20 variations of some artwork! Pretty cool to think for an avg price of $5-20 you can get tons of different artists perspectives/style on an Idea you want to come to life.

Excited to see what kind of results I get for this price point. Trying to temper my expectations though.... Going to weigh quantity ($5 ones) over quality ($20-60) ones. To see how it all shakes out.

[jeffmem]

Seems like might be time to buy a few more shares then.

[Singuy]

The strongest support is usually the 20 days moving average or 50 days moving average. We are pretty close to those. The drop premarket today seem to be related to elons tweet about liking Etsy, which some people probably did some transitioning.

[jeffmem]

UBS is a big fat bear on growth stocks. They have been crapping on Tesla since the beginning of time and look where it got them? I put about zero weight on their ratings. At least Goldman pivots and doesn't choose a hill to die on.

That's what it seems like. I hate banks in general, but... alas... they talk, some people listen...

I am wondering where the new bottom is, it is down 229 in premarket now.. I would like to buy more, but I want it at a better price, but this $50 drop in the last week is kinda daunting , I wonder if the UBS news is what is driving it, or what...

[Singuy]

UBS is a big fat bear on growth stocks. They have been crapping on Tesla since the beginning of time and look where it got them? I put about zero weight on their ratings. At least Goldman pivots and doesn't choose a hill to die on.

[amarowsky]

well i sold all but my profits of SPOT (one of the 2 stocks I tried out this year). SO I'm just playing w/ house money, albiet very small amount. Kept 8 shares of SPOT profit (not bad for only a 8k investment 2 months ago). And rebought 4 shares of FVRR at the $231 number. Looks like it's doing a little wobble back up, so maybe this move will have been worth while to start the bounce buys.

[jeffmem]

I'm suddenly hating UBS for some very "known" reason. I hate banks in general and analysts are just out for themselves. Very irritating this morning, but I know it will come back, but looking at that huge negative in my portfolio this morning is kinda sad. But such as life.

The last time I bought on a dip it went back to 136, with my avg now at 99 I hesitate to buy more even with this dip, the dip could last a bit longer I guess until the UBS news fades away.

[amarowsky]

down morning for FVRR. some analysts are advertising to sell some "covid related remote" companies.

Currently down ~13% to $231. Singuy , in your opinion, is this a decent opportunity to buy a few more shares on this Significant DIP? Or just hold territory?

[Singuy]

Are you still buying fvrr? Or any other stock? Do you think the market has a lot of room to run?

I am not buying much of anything currently as the amount of money I put into anything no longer matters. Not selling is the current bullish move I am making. My trick was always to front run as much as possible and just let it do it's thing.

And as for the market, plenty of room to run until there's an alternative to equities.
As for any of the companies I have a stake in, plenty of room for them to run as well.

[Singuy]

man.... this FVRR just doesn't quit. I'm later to the party than some, and am still at a healthy 300% gain in my taxable account on this within a year.

Singuy , will be following your ques on this for if/when the bubble is gone. Hopefully you'll be gracious enough to invite us to your Singuy-Topia Country one day. (hopefully the drinks are moderately prices & you have relaxed cannabis laws there).

I think people are just not comfortable with stocks tripling or doubling within a short amount of time. In the grand scheme of things, a doubling in stock or tripling is really nothing. There are two fundamental questions you need to ask about the company you are holding.

1. Is it a disruptor in the space it occupies?
2. Is the company useful to society, making life easier, not harder.

Answer those two questions and just wait to become a gizillionaire.

If you invested just $5000 dollars in microsoft in 1986, you will have about 17 million dollars today...and this is post dot com bubble, 911, and financial crisis. So sit back and relax. Stop timing the market, and stop living in fear. Just let a good thing ride as these companies intertwine into the fabric of our lives.

If You Invested $5,000 in Microsoft's IPO, This Is How Much Money You'd Have Now (fool.com)