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GameStop Saga Will Have Hangover
Read more: GameStop Saga Will Have HangoverGameStop. Hedge Funds. Wall Street Bets. Robinhood. What is going on? You can read about the story pretty much anywhere at the moment, so we’ll briefly run through it and then take a look at a few other areas we think are important and unlikely to see as much attention. A group of people on ‘Wall Street Bets’, a subsection of an internet forum called reddit, essentially took a dislike to the fact a video game retailer called GameStop was being shorted by a group of hedge funds. Shorting is essentially where you borrow a stock to sell it in…
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The Big Lie of Social Media Trading Coaches
Read more: The Big Lie of Social Media Trading CoachesSocial media has been blamed for being the cause of many ills over the past decade. The ability to analyse our behaviour and micro target us with advertising may become the biggest ill of all. Being able to blatantly tell lies and distort the truth to a narrow group of people is regarded as a serious problem. It’s harder to address than general advertising. If deceptive ads were more widely seen, they would be more likely to be flagged and exposed. Much of the focus to this point has been on political campaigns, but the investment world is quickly catching up.…
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Stories & Evidence
Read more: Stories & EvidenceIn 1998 the Tour de France was in dire straits. A car belonging to the Festina team was stopped on the French-Belgium border. The boot was full of performance enhancing drugs. What followed were police raids and arrests. It culminated with the Festina team being booted off the Tour. Other riders and teams were outraged and protested at their treatment. Fans were livid. Booing and jeering at every turn of the pedal. 1998 was a dark stain on the history of the Tour de France. In 1999, a new story quickly emerged to blow away the dirt. A man who…
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Stocks, Sectors & the Economy
Read more: Stocks, Sectors & the EconomyAs the virus drags on, economies start to look bleak. Investors who rode the markets down to the depths of March and back out again, start to think… ‘None of this makes sense, surely the market is going down again.’ News lately hasn’t been positive. Wave two condemns Victorians to house arrest, and a seemingly never-ending wave continues to plague the US. So how do some stockmarkets keep moving up? Or at the minimum, keep levitating above where you think common sense dictates they should be? Government and Central Bank stimulus explains some of it. More importantly, the phrase ‘the…
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Defining Adviser Alpha
Read more: Defining Adviser AlphaAlpha. In an investment sense it means how much better your returns were against a specific benchmark. If you were holding an ASX small cap fund and it returned 12% while the ASX small cap index returned 10%, your alpha is 2%. This can also work in reverse. Your fund returns 8% while the index returned 10%, well you’ve got negative alpha of 2%. The financial industry has long been attempting to get to the bottom of what alpha is within financial advice. Someone pays a financial adviser X amount, does that person derive more in value from that advice…
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