Investment & Investing

AMD? Or more just a company that rockets lol

Isn't everyone looking to invest in the next Nvidia? I haven't identified who it is yet, but will let you all know if I do.

I think you need a bigger social following to pump and dump eh..!

Yep hope everyone got out at $60

is there any credible story on fundamentals for gme? seems to be just a slow cash burn. Hilarious if they raise $2Bn more to add to their cash incinerator.

what is the it which dfv apparently thinks Cohen "might be able to do it?

or is it pure spin?

Basically lots of hedge funds and other such entities had short sold.

Person on internet sees it. Rallies the stock, hedge funds have to panic buy to cover losses rallying prices more.

Internet character Kitty enjoys fucking with hedge funds. People make student loan pay offs thanks to hedge funds panicking.

i get the short squeeze story but surely that isn't a highly repeatable play?

and who is buying new gme shares?

GameStop has taken advantage of its popularity with retail traders to bolster its financial position with repeated stock sales, and on Friday morning it disclosed plans to sell another 75mn shares.

Millions of people not wanting to miss out on paying off a student loan AND dumb hedge funds who bet this wouldn’t happen again

maybe gme are trying to transfer themselves from meme stock to proper company. the funds being raised, $2bn in cash now, plus the funds from a new 75mn share sale might put them in a position to make acquisitions to grow the company. ryan cohen has a record with chewy for developing a good solid business. computer games are not going away and is a valuable sector of the economy. maybe as the youtube cast said yesterday it's a long term investment with the possibility of some short term fireworks. i saw a graph yesterday saying there are more short positions now than during the 2021 run up. the options ramp in the next few weeks look quite interesting but the 75mn share sale might dampen that.

maybe gme are trying to transfer themselves from meme stock to proper company

GME will absolutely have tranches ready to go for every time they get silly price spikes
AMC did exactly the same since they're in the same meme basket and sold a bunch into the rise

Please do.

Hmm not exactly true to thread but what sort of life insurance do people have?
We currently have mortgage protection and then similar protection to value of house separately. Then would get some form of death in service with work I think.

I'm quite risk averse.

Outstanding mortgage balance is £x.

Mortgage cover would pay off the remaining mortgage if either my wife or I pegged it or got critically ill. Mortgage should be gone in 5-7 years anyway.

Also, if I died:

• Work life insurance pays out £2x
  
• Top up life insurance policy pays out another £x (previous job had a very generous death in service policy that would have paid out >£3x so I added a policy to match it)
  
• Mrs GB would inherit my private pension (>£2x)
  
  

If Mrs GB died:

• No extra life insurance (she does contracting so no work provision, we probably need to sort this out)
  
• I'd inherit her private pensions (~£2x)
  
  

If we both died suddenly then our only child would go to live with one of our siblings (she has loads of cousins around her age) and she'd be financially secure (no surprise as she'd inherit a 3 bed flat in London, our pension pots and life insurance payouts - minus IHT of course).

Plan is to live though, spend most of the money in our retirement and only pass on something modest. I think I have inherited £250 in my entire life.

Plan is to live though, spend most of the money in our retirement and only pass on something modest

I agree with this. I don't think kids looking forward to a large inheritance is particularly helpful for them, aside from the philosophical arguments about it.

@Acliff was really helpful when I had some questions on this topic.

I guess firstly large needs to be defined. Secondly I think it really depends on your circumstances.

I don't think kids looking forward to a large inheritance is particularly helpful for them

It's getting very difficult to buy a house without help from your parents these days. I can't understand people who are happy to watch their kids rent into their late 30s and 40s but still spend money frivolously

Thanks good sense check.
Think we are a bit the other way as my wife has lost both her parents who were separated and had two very different situations to deal with.

This is a good point. The world is very different now compared to when I started working in 1990 - with a modest overdraft. In those days we had free universities, social mobility, relatively modest house prices and real wage growth, none of which holds for this generation.

I was able to clear my student debts, save for a deposit, buy a flat, then a bigger flat, then a house and to save money to start a business, all purely from what I was able to earn directly from working. I don't kid myself that I would be able to do that now.

I like the idea of people not needing to inherit money in order to build their own lives and prosper from using their own abilities, but it only works if everyone else's children are doing it too - and they are not!

There is an interesting exercise which is to say what would someone, eg my daughter, need to start with in order to match my lifestyle when I was 30, 40, 5o, or whatever age. I've not done the maths yet but I am sure it is way more than I needed to have.

We found opening a Vanguard jnr isa pretty simple and pay into it each month + family can also pay into it for birthdays etc. I figured to set it at pretty high risk given and we would ideally aim to max it out. Even then though at 18 whilst it would be a fantastic start given inflation and the housing market it's unlikely to be enough to get them on the ladder. So yeah it's tough.

Even then though at 18 whilst it would be a fantastic start given inflation and the housing market it's unlikely to be enough to get them on the ladder

come on £20kpa invested over 18 years is plenty to get them on the ladder

Limited to a mere £9k a year with a children's ISA. Off to uni with barely £300k in their pocket.

to add another data point for comparison with @Greenbank currently
Death in service with work at 12x salary
about to buy a house with a mortgage for the first time so will also have mortgage protection once that happens,

I havent ever thought about any kind of top up life insurance. as long as im in my current company I will leave that I think as 12x Salary is super generous imo. If I leave this company then I will probably have a look at that separately.

Conversely I stopped putting money in Junior ISA when I found out that only the kid gets control once they are 18. I dont want that lol, can you imagine giving an 18 year old lots of money.

It only makes sense if you and your partners are maxing out your normal ISAs IMO.

average london house price predicted to grow 60% by 2040
9k per year at 8% avg return gets c.£250k
You'd obviously still hope to get more years of interest on that before you bought a house but it's not the slam dunk you'd hope for!