Digital Nomad Stock Watchlist

Top 17 stocks affecting digital nomads and freelancers

A fund is a group of stocks that allow for diversification and minimization of risk. There are two primary types of funds available in the stock market — ETFs (exchange traded funds) and mutual funds.

Exchange traded funds have gained more popularity in the last decade as these are funds that mirror the transactional benefits of trading individual stocks. An investor, or better yet a trader, can buy and sell ETFs at market prices thereby taking advantage of any immediate upswings and downswings in the price.

Mutual funds, on the other hand, are not as transactional. While not polar opposite to the ETF, mutual funds are transacted at the end of the trading day. This means if you decide to purchase shares in a mutual fund at 8am, the actual purchase or sale of this mutual fund will take place at the final price at the close of the day, occurs at 4pm ET.

A watchlist is a virtual fund that allows an investor/trader to track and monitor the progress of individual stocks.

Here is my watch list of stocks that affect the digital nomad and freelance economy. This is a working list and shall be amended throughout the year. Stocks are in no particular order and information based on Fidelity.com.

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1. Airbnb (ABNB)

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.

2. PayPal (PYPL)

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.