Telescope Investing

My Portfolio / Every company I’ve owned /

$RELY · Remitly

My position from Jan 2025 to May 2025 · 1 buy and 1 sell · sold out · Fintech

$15$20$2520252026BuySellMy average costAfter I sold
What the pick did
0.9×
The stock in pounds, while I held it; 1.0× in dollars
S&P 500, same time0.9×
What my money did
0.9×
Pounds back (sold, still held and dividends) for every pound in, after costs
Sold · all of the money in0.9×
S&P 500, same buys and sells0.9×

Every decision

  • 23 May 2025Sold

    Trump's campaigning comments on supporting high skill immigration don't seem to be playing out. The remittance tariff just introduced doesn't help, albeit it's only 3.5% so won't in itself deter immigration, but it will nip at the company's margins. It's still a decent valuation, but overall this just feels too complex to me now, so I'm going to get out for basically my cost basis (very minor loss)

  • 21 January 2025Bought

    Reasonable valuation, well capitalised, just flipped into profitability, Trump administration likely to be a little more friendly to H-1B visas

On the podcast and in writing

In percentages and multiples, as one portfolio. Past performance is not a guide to future returns. Nothing here is financial advice, and I may buy or sell at any time.