My Portfolio / Every company I’ve owned /

$WISE · Wise

My position from Feb 2022 to Jun 2026 · 5 buys and 1 sell · sold out · Fintech

What the pick did

1.5×

The stock in pounds, while I held it

S&P 500, same time1.8×

What my money did

1.2×

Pounds back (sold, still held and dividends) for every pound in, after costs

Sold · all of the money in1.2×

S&P 500, same buys and sells1.5×

Every decision

2 June 2026Sold
AML investigations in US (of sponsor bank) plus Europe within 10 days. High probability of FCA opening own investigation. This will overhang stock for several years, and might permanently impact the economics if greater spend on compliance required. More importantly though, company no longer fits portfolio mission of "making the world a better place through technology and innovation". Through its failure to fully adhere to AML regs, it may well have enabled financial crime.
18 July 2025Bought
Solid interim results, stock traded slightly down seemingly due to misunderstanding of take rate reduction. I'm reclassifying this as a Core holding with today's buy
25 September 2024Bought
No note
15 May 2023Bought
No note
10 November 2022Bought
No note
10 February 2022Bought
No note

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.