At the beginning of the year, I put together a list of Top Investment Picks for 2020 from the investment community and track them on this website. This is just meant to be a fun exercise to see how the picks do. As part of the process, I intend do provide quarterly updates on the picks to see how they are doing. This is the update after Q2.
At the end of Q2, the top picks stand as shown below.
My pick of Twilio (TWLO) leads the charge at the end of Q2 with a 123.2% return YTD. This is what I said at the end of 2019:
Going with a SaaS stock for 2020. Twilio is a wide moat programmable communication platform. While revenue growth has slowed as it hits $1B ARR in 2019, top line growth is still expected ~30%. TWLO remains one of the more reasonably priced SaaS plays in the market as it continues to grow and capture more of the TAM.
I will provide the next update at the end of Q3. Note that you can track the progress anytime by going to the Stock Picks page.