Investment & Investing

I suspect its Not coincidence. I think Meme stocks stick together. Same ppl that buy one will buy the others.

Meme stocks and Doge coin.

Dogecoin (DOGE) was created in 2013 as a lighthearted alternative to traditional cryptocurrencies like Bitcoin. The Dogecoin name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which is designed to be scarce, Dogecoin is intentionally abundant — 10,000 new coins are mined every minute and there is no maximum supply.

Market cap £25.7B

What a time to be alive

10,000 new coins are mined every minute

Market cap £25.7B

seems somewhat contrary to conventional wisdom on supply and demand.

main stream media have branded them as meme stocks but in reality they are just regular high street companies being shorted into bankruptcy by a group of hedge funds, i don't think of them as meme stocks hence the quote marks and nor should you

Different hedge funds to the one which owns 27% of Avis, for example. And stood to make $5Bn on the recent share price rise.

Facebook. Sorry Meta up 10% in the last week - hopefully @cmburns followed the 100% risk free advice of user Tenderloin a random stranger on the internet posing as a tech stocks savant

Anyone followed any of the finance talks at COP26? I found it really interesting that very few people know what their investments actually find (especially pensions), and could they be countering things they choose on their daily lives. I’ve been through something similar in trying to find a “green” S&S ISA, so found this very interesting to watch.

How Your Wallet can Save the World: https://youtu.be/_bmON6KB0CM

plus its just wise to not invest in any fuel stock for pensions now: https://www.theguardian.com/environment/ng-interactive/2021/nov/04/fossil-fuel-assets-worthless-2036-net-zero-transition

I am looking for 'green' funds for ISA and SIPP too

True! I work on renewable energy so am fully on board, but finding a positive list rather than a negative list for funds was proving tricky. Our sustainability team (and hr) have moved us all over to a green legal and general fund which seems to get plaudits for being reasonably good on the green front compared to others.

Peloton stock 33% down today. Opened at $86 closed at $56.

I mean they announced a 20% drop in expected revenue at a time when fitness is at an all time high.

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Buy the dip?

It might not be a dip…

I glad I sold these a few weeks ago. Although my bet on real life gyms has yet to pay off...

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I agree, their company will still make money for years to come but they did very well from everyone being stuck at home during lock down.

Shares prices are a projection of future income by one metric... if that projection is deemed to be more optimistic then previously thought it an be quite savage to a high growth company share price.
Still quite risk, but that when the serious gains are to be had too.

Gilet update: I mentioned Mammut in jest a couple of weeks ago, well lo and behold, whomst strode in rocking one of these yesterday?!?! none other than one of our star PMs! Will we see a flurry of youngins jumping on the bandwagon later this week? 100%.

Side note, said PM is quite a large fella, he really should have sized up. With the brand name being quite prominent the jokes really write themselves.

If one wanted to move a good chunk of money gbp > eur while rate is good, but didn't want it just sitting in an account - anyone got thoughts? Needs short term (6-12m) accessibility

Also I want wondering about bitcoin and currencies and how the value of it agaisnt currencies works, as it's not pegged (right) - has anyone got something I can read?

You could find some way to bet on the price getting worse as a hedge?

You probably can't buy the future unless you're doing something like €100K, and I don't think FX swaps are available retail.

I don't think FX swaps are available retail.

They are, IIRC - it was a Thing™ in the 0's to mortgage your home in a forrin' currency (because low interest rates) using swaps.

It was, obvs, fucking stupid, because it obviated the fact that FX swaps are priced on the difference in interest rates, and any benefit from a shift in rates over time is / was entirely accidental. And you end up paying away a ton in spread.

[Edit] Of course, I just realised that what I wrote doesn't disagree with you in any way, as mortgages are more than £100k, for anything other than a wendyhouse.

Most currencies aren't pegged either, it's just supply & demand - with the caveat that people will tend to arbitrage based on interest rates (as @TW mentioned) which tends to keep them roughly correlated.

Since crypto currencies mostly have no underlying interest rate to arbitrage, it's just supply and demand (and they're relatively high-friction, so triangular arbitrage is maybe less effective at keeping everything correlated).

I end up doing a load of work on this for businesses who were suing banks as they were pushed into it and subsequently lost loads of money.

In a different life, we were pricing XEU/OIL swaps with digital payouts as hedges for small corporates.

Suitability (and Mifid) must have put paid to that sort of horseshit.

Yeah, if it wasn't so volatile it might have been an interesting way to handle it.