Stocks I’m Watching Closely
Where I’m rebuilding positions and what I’m lining up next.
This isn’t a list of moonshots. I don’t need that. What I want are businesses that can quietly compound without me having to check the stock price every day. If I can buy them at fair or better prices, all the better.
This watchlist is really just a byproduct of how I’ve been positioned this year.
Earlier this year, I swung hard into China, pretty much all in. Maybe I got lucky, maybe I was just early and stubborn. Either way, it meant selling out of some names I’d happily own again. Now I’m slowly rebuilding in a couple spots and keeping a short list of others I want ready—businesses with durability, growth, and management teams I trust.
Here’s where my head is right now…
1.) Kaspi ($KSPI) — started a position
A superapp with payments, marketplace, and consumer finance feeding off each other. User density is the moat—customers and merchants in one ecosystem, reinforcing each other every day.
The market writes it off with a Kazakhstan discount. That’s my entry point. I don’t need the multiple to expand to make money; earnings growth is enough. If sentiment ever normalizes, that’s upside I’m not paying for.
I’ve started buying, small for now.