Investment & Investing

Almost hitting the old ATH once you take the split into account.
Bets that its going to nosedive when it opens?

jim kramer is bitching about share issuance / fed / sec intervention, his paymasters must be shitting themselves
hehe

stock was up 500% since the artificial drop around earnings

tanking now. yahoo finance has it moving $10 up and down every few seconds ranging from 48 - 58 every 10 seconds or so

yesterday saw $1bn losses for short positions. another $1bn losses from todays trading so far. will some hedge fund go pop today ?

now up to 68. vol's back

https://www.cityam.com/gamestops-last-gasp-a-joke-that-has-gone-on-too-long/

The irony of Wall St. players bitching about ‘irrational’ retail pressure on stock prices, as if their entire business models didn’t consist of trying to convince people to believe their theses and positions, which in turn influences the market.

aaaand straight into a halt after 38 seconds ... which is understandable given the large rally

here's a theory for the current run up of gme and some meme basket stocks.

https://www.reddit.com/r/Superstonk/comments/1cs5rkk/leaps_i_think_i_stumbled_on_something_need_brains/

the reason for the 741 posts by ryan cohen and the numerous uses of a frog on his posts
any finance types know anything about leaps ? if the dates pan out there could be 10 days of upward movement for gme ( roaring kitty supposedly posted 10 times on twitter monday 9 times on tues ... is it a countdown ? ) I don't have twitter and refuse to give elon any clicks so might have to ask someone else to check this is true. 3 years after the initial run up the leaps are expiring and need to be filled / unwound ?

I don't have twitter and refuse to give elon any clicks

If you replace the x.com or twitter.com with twiiit.com (yes, three is there) then it attempts to redirect you to a nitter instance. Often takes a few retries before it works without a rate limiting error but generally does work in the end. Best to retry (gently) the twiiit.com link and not attempt to refresh the redirection it has given you.

I use it to check various things as it gives you the tweets in chronological order, not the batshit nonsense that x/twitter now defaults to when not logged in.

This is how I avoid giving Elon any clicks.

On DFV- This is basically how religions and cults start, isn’t it?

it will be a miracle if all of the gme shit comes true
for now i'm a believer

and ponzi schemes

Paraphrasing the poker adage:

If you can't work out who's going to be left holding the bag at the end of it, then it's you.

Raspberry Pi planning to join the LSE:

https://www.theguardian.com/technology/article/2024/may/15/tech-firm-raspberry-pi-readies-for-london-stock-market-float

Thinking of switching my S&S ISA (from wealthify)- Looking at either vanguard or nutmeg...any recommendations?

Nutmeg referral here for you.
6 months no fees.

https://nutmeg.mention-me.com/m/ol/pa7ih-will-shaw

I have both
I think in general my Target Retirement and Life Strategy Equity funds with Vanguard perform better than my risk appetite 8 managed fund with Nutmeg and the fees are a lot lower, but the Vanguard UI and product experience is so bad it's hard to be sure.

Other things being equal (1), over a sufficiently long period (2), lower fees ought to be the winning factor.

The only questions are:

1. whether things are actually equal (probably yes for trackers but maybe not for actively managed funds)
   
2. whether you're even leaving stuff in there long enough for compounding to dominate
   
3. and whether the interface is really too awful to justify the effort
   
   

Admittedly I'm perhaps biased against Nutmeg because I've spent years working in algorithmic trading and I don't think they're that impressive. There isn't a lot of retail competition that I know of though.

Depends why you want to change: to reduce fees or to get into something different in the hope of better long-term performance?

Nutmeg is pretty similar to Wealthify only fees are a bit lower when you have more invested. So if you want that type of thing, Nutmeg would make sense. Personally I don't see the appeal as you are always paying something for a service that isn't proven to add anything and may have negative value - but some people like it and it's certainly not a crazy thing to do.

Vanguard is funds, and they have the Life Strategy stuff, which puts it in an easy package, without the cost or input of any magic algos So if you want to get away from the algo services to a tracker fund, Vanguard makes more sense. But why would you only consider Vanguard and not other platforms / trackers?

hell, even if gme is completely a meme stock and sinks into bankruptcy roaring kitty's memes will have been worth it and will go down as a great bit of art

here are yesterdays 16th may tweets all put together

https://www.reddit.com/r/Superstonk/comments/1cts1lh/all_roaring_kitty_dfv_tweets_may_16_8pm/

12 minutes of art and subtle hints as to what he thinks might be going on. i'll try and dig up the combined tweets from the 15th and 14th and 13th . well worth a watch just for the fun of it

15th tweets
https://www.reddit.com/r/Superstonk/comments/1cszvi8/all_roaring_kitty_tweets_part_2_may_15_12pm8pm_est/

14th tweets
https://www.reddit.com/r/Superstonk/comments/1csov9q/all_roaring_kitty_videos_morning_of_may_15_i_will/

13th tweets
https://www.reddit.com/r/Superstonk/comments/1cs7ea3/all_updated_roaring_kitty_videos_today_as_of_8pm/

he's making his own movie and it's great. he must have put a lot of time and effort in to creating these memes, surely it can't all be for nowt ! can it ?

As a counterpoint - my nutmeg stuff has done consistently better (net total return, after fees) than my vanguard trackers.

That isn't evidence it is better but I started both thinking I'd put more in the one that did better and that's been nutmeg. Plus it's easy - which counts for something

Yes, that's what you would hope would happen because that is what you are paying for with any type of managed investment - better performance that more than covers the fees.

But how many years is that over, and will it keep performing better over the long term? We can't say yet, but something like less than 10% of actively managed investments beat the index over the long term.

I want a passive investment, that I can stick away cash for the long term and hope it makes a reasonable return.

I've just read bad things about wealthify and their returns over the past few years, and seeing as I haven't lost money thought I'd change things up.

I only mention vanguard as I know others have had a good experience with them and I don't know what I'm doing!

Thanks all for your thoughts

In that case find a Life Strategy fund or Target Retirement fund that aligns with your risk appetite, set up a standing order and sit back.

dfv / rk just showed his exposure to gme. he now has $200mn invested in the company. i think he started out with approx. a $3mn investment ( i could be very wrong ) ( some people are saying $55,000 initial investment ) he likes the stock !
shares up 60% this morning on his tweet !

5mn shares and another 120,000 $20 call options expiry june 21st.

amazing or stupid, stay tuned to find out !