Investment & Investing

PS, get the USDT into Nexo for 16% interest.

How does that work? Do you have to lock in for a long time / buy some of their coins, etc?

Yes hopefully. Feel a bit daft having only just learned I could move a pension into a new SIPP and buy international shares, as if I'd known I'd have done it months ago (when I bought MSTR in my shares ISA).

Big chance of MSTR inclusion into some weighty index funds next year so still feels relatively early with a long enough time horizon...

How does that work?

dont think anyone knows. assume its similar to celsius... https://en.wikipedia.org/wiki/Celsius_Network

lol just seen the last couple of days performance

Yep, lock in for 12 months and own 10% of your portfolio in Nexo for the best rates, still have some other great rates on offer though.

MSTR coming in nicely the last few days. :)

I used to be on Nexo before they banned it in Canada... It made decent profits holding my usdt/Bitcoin assets.

Surely only a matter of time before it comes back to North America

If it does come back, I will probably return to the service... They have sent me a few emails lately that have mentioned being qualified for the $Nexo token airdrop... We'll see what happens... I haven't logged back into my account since transferring my funds.

MSTR pushing $400 now... and still waiting for my SIPP : (

Oh no..!

Nuts that you can get 5.17% on cash held in Trading 212 with interest paid daily, I've moved my small amount of rainy day saving into it now that I'm relatively happy its not all a big scam.

I put a little bit into MSTR yesterday afternoon... its gone up 8% since then... are they just another AI meme stock ? vegan chicken tendies etc ....

I've done the same, my other savings account has started to drop their interest rate but 212 hasn't, yet anyway.

MSTR is basically a proxy for bitcoin that you can hold in an ISA or pension. They raise money and use it to buy bitcoin on an ongoing basis.

Raising it at 0% as well with convertible bonds.

Absolutely stunning play by Saylor.

I have my Cash ISA in there getting 5.17%. Are you just using an investment account as an easy access saving account paying the same?

Yes - they seem to give the same rate on everything.

Bit unclear to me if the flexible status goes between Cash and S&S. Any idea?

I sold my Reddit position but it looks as if there has been a massive change in organic serps on google which has hugely favoured Reddit. One of the reasons for the strong performance has been traffic growth and I imagine this trend is now set to continue. One point would be that their ad revenue still lags behind most other platforms but I reckon they figure that out

Bit unclear to me if the flexible status goes between Cash and S&S. Any idea?

Not sure exactly what you mean: I'm pretty sure that their ISAs are flexible, whichever type it is. I've got an S&S one, if I just put cash in it and didn't buy anything it would basically be exactly the same as Cash one. I expect that you could 'convert' a Cash one into an S+S one, if that was what you wanted to do?

Reddit

That figures: Reddit seems to dominate my search results nowadays!

Google just applied a manual penalty to a bunch of sites which were dominating the serps and seems to have given a decent chunk to Reddit. So prepare for even more

Really wish I'd bought on IPO day, but typically sat on it and now regretting it.
How come you sold?

They have fewer users than Snap and pretty mediocre ad revenue and a platform which isn't very user friendly for advertisers. So I thought the price got pretty frothy all things considered. but looking at their traffic numbers with the news of yesterday I think I can forgive this. I think Nerdwallet might be another winner.

MSTR is up 18% since I invested at 4:00 on Wednesday, fucking nuts.

Probably because Bitcoin is flying right now