Subscriptions & Paid Memberships

Own businesses built around renewable subscriptions or paid memberships, spanning entertainment, warehouse shopping and business applications rather than another AI infrastructure theme. The opportunity now is selective: Adobe and Intuit remain well below their highs while Netflix has also weakened, offering differentiated entry points into established recurring-revenue franchises. Retention, renewal pricing and cash generation—not speculative AI adoption—are the underwriting priorities; competitive pressure and customer churn remain the key risks. Launch basket (equal weight): NFLX, ADBE, INTU, COST, NOW, CRM Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.