The Incremental Investor

Despite being in a similar service sector, Paychex - PAYX and Paylocity Holding Corp - PCTY have significant differences beyond what the following comparison indicates:  In a reversal of role of sorts, PAYX is displaying characteristics of a growth and momentum stock, while PCTY is struggling to match its performance from the last year. It's just up 15.5% on a YTD basis, which beats the NASDAQ hands down, but severely lag the 43% YTD gain of PAYX, which beats both NASDAQ and S&P 500 returns by a mile.  The performance of PAYX has surprised many in the Wall Street and analyst community with its ability to keep going to the upside despite competition from ADP, which is the payroll services behemoth in US. PAYX has benefitted from more outsourcing of payroll from mid-size companies with this looking to be a continuing trend in the near future. PAYX was considered a staid and old school payroll processing name until it was not. The current price in the $130's has already blown...

 Sometimes a change as mundane and innocuous as that of changing a blog title can break a hiatus caused by the "Writer's block". Pandemic induced routines and procrastination can play havoc with even something as simple as blogging about investment updates. Since a lot of micro-blogging has moved to Twitter, Whatsapp, Facebook and other social media site, long form blogging can seem a chore and a ritual of ennui. I have my own complaints about posting on Whatsapp about investing, given the almost inscrutable yet obdurate lack of engagement and discourse with the easiest of investing topics like market trend or direction. To ease my disappointment with the level of apathetic engagement on  my Whatsapp investing group, it does make sense to transfer quite a bit of that micro-blogging here. If my style of investing is incremental, why not post incrementally here, with the advantages of providing detail, context and multiple links and being able to moderate responses.  Increm...