Investment & Investing

Yeah, the brokers will net out - internally if possible, and on a dark pool if not - to minimize transaction fees.

Those pools are used partly to minimize price impact because that reduces adverse selection. The article is complaining that this weakens the short squeeze, but it also improves the execution price for the buyers. You can't have it both ways.

As for whether Citadel are dumping retail sells on the market to drive the price down, but keeping all the buys ... I doubt their HFT arm coordinates with their hedge fund, and those buys have to go somewhere. The idea that the high-frequency traders are going to take a massive unhedged short position (selling to retail) so that a different desk can avoid losing money on their existing medium- to low-frequency short position is ... implausible. Compliance and Risk would both be shitting bricks.

n00b ISA question; when you 'finish' your ISA for a year, does that product 'freeze' or can it keep earning interest?

Can keep earning interest still tax free - annual limits are about payments in by you as investor

ah cool! cheers. Can I make changes to it? i.e change what I have invested in?

yes

ta!

rumours of a hedge fund blow up on friday, quite a big highly leveraged one

some big positions liquidated might be some turbulence as a result, the insider traders have already made their money in the last couple of weeks

Goldman Sachs closed over 10 billion of positions I read!

luckily those in the know made their money in the last 2 weeks now it's mainly joe public losing money as the facts emerge , ahhh you gotta love wall street

Thieves gonna thieve. We need market reform.

Redditors left holding the bag

seemingly not .... nomura down 15% this morning, credit suisse issue a warning of significant losses due to the hedge fund blowout

could be interesting out there today

So is today a good today to top up my S&S isa?

not at the opening bell

top it up with cash to use up allowance

but the canal is open!

with so many chaotic events going on in the world over the last few years, it's difficult to know which way is up these days

canal open, dominoing hedge funds crashing global markets, flat today

Cash is already there waiting.

well then... time in the market > timing the market

Any suggestions for what to do if you were to get ~7 of months of pay in advance? (It's well below the £85k FSCS protection limit.)

I need to be able to draw it down to cover the months where there's no income, so anything like an ISA is out of the question as this isn't a long term investment and it won't be in there long enough to qualify for many of the interest payments.

It also has to be nigh on risk free. Not even "stick it in these generic stocks which are perfectly safe" as something like, I dunno, a pandemic could see sizeable chunks of that wiped out with no warning.

Haven't got much further than premium bonds as I can buy a load (I'm aware of the limits) and then sell chunks off in time to give me the monthly income. That would at least be better than cash sitting in a current account earning not much interest.

We have a 295k mortgage on a 35 year term at 1.8%. The house needed/needs a lot of work done on it so it made sense to keep the monthly repayment low and take a larger loan than we really needed so that we had money to DIY. We've managed to save some money in the last couple of years, so is it worth over paying the mortgage in a lump sum?

We might also move in next 5 years

I think you've answered your own question there. Given current state of affairs and the need to draw down income, Premium Bonds are pretty much the best risk-free option right now. Other option is Marcus by Goldman Sachs paying 0.4% AER. Don't know of anything else out there that fits the bill.

It also has to be nigh on risk free

No risk, no reward - right?

Make mortgage overpayments then pull them back as you go along?

Could buy a bunch of Rolex then sell them again....

Sounds like the time period is pretty short anyway so inflation will only have a bit of a nibble.

[removed rubbish advice]

Yep, just wondering if there was anything I was missing.

I've got a soft spot for Premium Bonds anyway. I stick a chunk away for myself and my daughter each month, and I like the possibility of getting a bigger win out of it (although that is highly unlikely).

(She's had great returns. I think she won £25 in the first month and I'd only put £125 in at that point, obviously that hasn't repeated but she's well up on the expected interest rate for the lifetime of the investments.)

I've also still got the original £5 worth of bonds that I was bought shortly after I was born.