5 High-Growth Small Company Stocks I Bought in May
When it comes to investing in small up-and-coming businesses, picking just one or two usually won't suffice. Some won't survive, others will stagnate, and even those that do eventually provide big investment returns are incredibly volatile along the way. My picks last autumn (outlined in one piece in September and another in October) help illustrate the point.
Thus, when looking for tomorrow's greatest success stories, I take very small positions (usually half a percent or less of my portfolio value) in a handful of stocks and then add to the winners over time. For my latest batch of purchases in the wake of the coronavirus-fueled economic crisis, I scooped up shares of Livongo Health (NASDAQ: LVGO), Cloudflare (NYSE: NET), Fastly (NYSE: FSLY), Repay Holdings (NASDAQ: RPAY), and VectoIQ Acquisition (NASDAQ: VTIQ) (set to become Nikola).
A few years ago, I purchased a tiny but up-and-coming stock called Teladoc Health, thinking that medical care delivered via an internet connection had a bright future. Today, I'm more convinced than ever that technology is only just beginning to disrupt the industry and will continue to help consumers get the care they want delivered on their terms. To that end, I've had my eye on Livongo Health for a while and decided to finally pull the trigger after its first-quarter 2020 results.
Source Fool.com
