Finance

Magic Markets Ep172: Goldman Sachs and United Health Group

2024-04-24T01:22:15+02:00

Do you need to buy risky stocks to double your money (in dollars) over five years, or can you get the job done with US-based blue chips? In this episode of Magic Markets, we used Goldman Sachs and United Health as examples of stalwarts in their respective industries that have delivered excellent returns to shareholders. As good examples of buy-and-forget stocks, learning about these companies helps with offshore portfolio construction.

Affirm: Not So Firm

Magic Markets2024-03-13T18:29:11+02:00

Affirm is the leader in the US buy-now-pay-later space, which has exploded onto the scene as a FinTech offering in recent years. Essentially an alternative to credit cards, Affirm and its competitors offer a service that delights consumers who have a low-friction way to buy goods at no additional finance cost if they pay in full within usually 60 days or so. But with the share price having peaked at almost $180 in the pandemic before plummeting all the way down to $9, Affirm has terrified rather than delighted investors. Now at $38 and having made a lot of money for recent punters, is there any reason to believe that the rollercoaster ride could calm down?

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