Just to add to Adams description and detail, the name is an indicator of your intention for access to the funds. If you intend to take it all, or a big chunk at a given date in the future, you may choose withdrawal, as you intend to withdraw the funds, and so we progress to a defensive position to stabilise the funds ready for withdrawal. If you intend to access the funds in chunks over time or draw an income, then you may chose income. In this case we look to stabilise a proportion of the funds ready for you to draw as income while allowing the rest to continue to seek growth ready to be accessed at a later date

I'd expect significant tinkering with pension allowances and relief rates and some kind of cap on ISAs - possibly a cap on maximum lifetime contributions or a cap on allowed value after which you can't make any more contributions. Too many people have too much money for themselves and large numbers of people are in need of (more) state support, or so our political overlords think. The money therefore needs to be taken from the former and given to the latter.

SK hynix raises its 2025 CAPEX from $15 billion to $19 billion. SK Hynix has decided to increase its planned CAPEX this year by 30% due to the surge in demand for high-bandwidth memory (HBM), which was already high. The chipmaker initially planned to spend 22 trillion won this year in expanding its facilities but this has been upped to 29 trillion won, sources said. The decision was recently finalised and SK Hynix has also sent memos to suppliers to deliver the equipment to the M15X fab in Chungju by October, two months faster than initially planned. These moves are all responses from its customers requesting SK Hynix deliver more HBM chips faster. The company’s main customer is Nvidia, which is using HBM with its AI accelerators. The GPU giant is requesting SK Hynix deliver HBM faster than planned. SK Hynix will also be supplying HBMs to Broadcom starting this year. We are reading the room, folks. Demand is off the hook and I would speculate, supply is also improving. Whilst the market is distracted by and shunning everything due to tariffs speculation, these businesses are clearly articulating a shift.

Done! Thanks Nik.

Interesting update which is a big positive for companies like Oracle. 'You can have our tech if we manage it' -seems to be a link to Stagate/open AI for countries. Quoted from a news wire below New AI Diffusion Rule is COMING SOON and New Version Will Let Allies Buy US Chips With Conditions The Commerce Department is drafting a replacement for its recently repealed AI diffusion rule to ensure the new controls don’t impede U.S. exports to allies, Commerce Secretary Howard Lutnick said June 4. “Our view is we are going to allow our allies to buy AI chips provided they’re run by an approved American data center operator and the cloud that touches that data center is an approved American operator, so we control it while it’s over there,” Lutnick testified before the Senate Appropriations Subcommittee on Commerce, Justice and Science. The rule that was rescinded last month (see 2505130018) was “very confusing,” Lutnick said. “For example, the prime minister of Poland hunted me down and said, ‘What did I ever do to you that you have me as a Tier 3’ country, the most stringent of three tiers? ‘I’m part of Europe -- what are you doing?’ It was illogical. It was hastily rushed through at the very end of the Biden administration.” He expects Commerce will release the new AI diffusion rule soon. “I can’t say with more specificity but pretty soon,” he said.

Thanks for taking the time to reply Adam << thumbs up thingy>>

Ah, cool, that is very helpful thanks! Certainly gives her some additional options - clearly she is 'used to' Aviva, but I am explaining how Aviva seem to be a bit stale in their options! I will sort a call with you in a week or two. Cheers

Cheers Adam What a strange thing, exactly the same rounded up or down to the nearest quid

Thanks Mike. Hi Eldar, The Money Markets portfolio is a very low-risk investment designed to act much like cash. It invests mainly in short-dated, high-quality instruments such as Treasury bills, certificates of deposit and commercial paper, aiming to preserve capital and provide a steady return. The fund closely tracks short-term interest rates, so its yield moves in line with the Bank of England base rate. The price is usually very stable, and you can normally access your money within 3 working days via your investment platform. It’s often used as a cash-like holding for short-term funds or by investors waiting to reinvest. It offers a competitive yield compared with many savings accounts(net 3.7% after fees), currently. In practice, it behaves much like cash, but sits within an investment account rather than a bank.

Hi Slow Horses Great user name, love the series. There is no charge for guidance and this is usually a great starting point as it will help you decide if you are better served by using the guidance model or if you do need advice. The fees for any advice will vary dependent on what the advice needs to cover. If advice is the route that you decide to explore we will allows let you know what the fees are before any work is done so you can decide if the fee is worth the service you need. Nik

Great info Adam, here's hoping we see some good market vibes over the coming months

& for those of us who have spent many hours in data centres, it sends a shiver down the spine Very tidy

Hi G, It's legit-generated by IT. When the forum was first made available, some of the controls around email validation had not been switched on. This meant one could set up an account without a verified email. You were one of them. The link is asking you to confirm your current email. Please do so to retain your account. Regards Adam

Hi Adam, I just tried it again and it's gone through, so no idea what was causing the issue

Hi Alan Drop me a message at nik.burrows@cobensdirect.co.uk and we can take a look at your position and run through the considerations and options that are relevant to you. Cheers Nik

Hi, Our MM product is very short duration, something like 30 days or less on average so yes. The choppy US market is due to their economy being too strong for the feds liking, as it relates to labour markets and the effect on inflation. We are not talking raging inflation either, just a bit higher than ideal. Corporate earnings have never been better. Interest rates are not even that high. We aren't going back to Covid rates nor have higher rates had any real impact on company earnings.

Touche, I would expect the main focus to be 'Jensen Huang sporting a Tom Ford lizard skin effect jacket which retails at £8,000 and recently purchased two new G650 jets which retail at £60M each before options'

Working tonight

The stock doesn’t fit out criteria and moving 100% in a day doesn’t make it attractive. Odds are it will fade over the coming weeks. It’s very small, no track record, loses money and will be extremely volatile. And to add something you have to make a call on what to sell. That’s not to say it can’t go higher.

Colossus-2 expansion to 1 million GPUs gets closer....... xAI is raising $25 billion, comprising $5 billion in debt through Morgan Stanley (a term loan B, fixed-rate term loan, and senior secured notes) to fund the Colossus supercomputer with commitments due by June 17, 2025. Additionally, xAI is seeking $20 billion in equity at a valuation between $120 billion and $200 billion to support its growth.