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Mar 28, 2024 13:37:57 GMT -8
pawl
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pollo
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Post by pawl on Apr 20, 2019 15:02:05 GMT -8
I'll be a lot more interested when fractional trades come in too. Certainly can't afford to throw money at a lot of the companies listed! Bought a couple of shares this afternoon, yeah - basically impulse buys, just for the sake of it and to see how it worked. For now I can't imagine I'll be dropping much into it as I'm not exactly flush, but for cheaper stocks especially it'll be a fun little game at least. ed; if you know your NI number it should only take a couple of minutes to set up. Or at least it did for me. Aye, fractionals will be a game changer. To be honest I'm not sure there's much on there I'd buy at the minute. Do they have US exchanges yet? Do you know when your trades actually execute? I know with some of the budget brokers they execute the trades in a batch towards the end of the trading day rather than instantly. Not that I try to time the market that much, but it'd be sweet if the execution was instant. Given that there's plenty enough companies whose stocks I definitely couldn't afford to buy actual shares in I'm looking forward to the fractionals just so that I can carry on playing games without actually shelling out proper money, yeah. US stocks are on, various investment groups and the likes of the FTSE/S&P 'X' etc stocks that you'd probably find with Vanguard anyway. A few actually are Vanguard, as it happens. Free trades are bundled to happen at 4pm, or you can pay a pound extra for immediate trades. Not sure if that's just for the free accounts though.
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Aug 27, 2012 5:36:39 GMT -8
D
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dodz
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Post by D on Apr 21, 2019 6:21:21 GMT -8
Aye, fractionals will be a game changer. To be honest I'm not sure there's much on there I'd buy at the minute. Do they have US exchanges yet? Do you know when your trades actually execute? I know with some of the budget brokers they execute the trades in a batch towards the end of the trading day rather than instantly. Not that I try to time the market that much, but it'd be sweet if the execution was instant. Given that there's plenty enough companies whose stocks I definitely couldn't afford to buy actual shares in I'm looking forward to the fractionals just so that I can carry on playing games without actually shelling out proper money, yeah. US stocks are on, various investment groups and the likes of the FTSE/S&P 'X' etc stocks that you'd probably find with Vanguard anyway. A few actually are Vanguard, as it happens. Free trades are bundled to happen at 4pm, or you can pay a pound extra for immediate trades. Not sure if that's just for the free accounts though. Aye, would be nice to dabble in some of the more expensive stocks without having to shell out over a grand per share! Good to see their markets coverage is growing. I don't mind the batched trading - although if the instant is relatively affordable I can see that being good for them! Their American counterparts seem to have got the balance right and get a fair bit of custom from the more risky quasi-day traders.
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Aug 27, 2012 5:36:39 GMT -8
D
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Post by D on Jun 17, 2019 8:30:09 GMT -8
Have started using Freetrade properly now pawl. How you getting on with it?
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Mar 28, 2024 13:37:57 GMT -8
pawl
29,619
November 2003
pollo
Pink Stars
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Post by pawl on Jun 18, 2019 3:11:17 GMT -8
Have started using Freetrade properly now pawl. How you getting on with it? Chucked in £70 when I first got access, and as of right now I'm sat at £79.62 (only one losing money, and only 15p) Haven't really played with it a huge amount though if I'm honest. Because it's not tax sheltered I don't want to put too much money into it when my VG account will likely return better. That said I don't think HMRC really cares about a tenner! I'll be keeping an eye on it though, might start adding a few quid each month. How about you?
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Aug 27, 2012 5:36:39 GMT -8
D
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Post by D on Jun 18, 2019 5:25:10 GMT -8
Have started using Freetrade properly now pawl . How you getting on with it? Chucked in £70 when I first got access, and as of right now I'm sat at £79.62 (only one losing money, and only 15p) Haven't really played with it a huge amount though if I'm honest. Because it's not tax sheltered I don't want to put too much money into it when my VG account will likely return better. That said I don't think HMRC really cares about a tenner! I'll be keeping an eye on it though, might start adding a few quid each month. How about you? Aye, I think that's the best way to do it so I've done similar. Put about £100 in and have just been chucking it at stocks I've wanted to buy for a while but haven't pulled the trigger on because I didn't want to buy enough of them to make the dealing charge at my other broker worth paying. I do like the user experience and am happy to keep putting spare change into it for now. Don't think I'll ever move my ISA there as I prefer to use that for (mutual) funds which they seem pretty set on not including - which I do find unusual. Might soften their competitive edge a bit if they're only offering half the services retail investors require to move all of their portfolio to one place.
You ever think about equity crowdfunding? I've been experimenting a little with it lately (it's sitting at about 1% of my portfolio) but Freetrade is having another round of funding on Crowdcube next week so was thinking of putting some spare change in that too.
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Mar 28, 2024 13:37:57 GMT -8
pawl
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pollo
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Post by pawl on Jun 23, 2019 1:50:09 GMT -8
Chucked in £70 when I first got access, and as of right now I'm sat at £79.62 (only one losing money, and only 15p) Haven't really played with it a huge amount though if I'm honest. Because it's not tax sheltered I don't want to put too much money into it when my VG account will likely return better. That said I don't think HMRC really cares about a tenner! I'll be keeping an eye on it though, might start adding a few quid each month. How about you? Aye, I think that's the best way to do it so I've done similar. Put about £100 in and have just been chucking it at stocks I've wanted to buy for a while but haven't pulled the trigger on because I didn't want to buy enough of them to make the dealing charge at my other broker worth paying. I do like the user experience and am happy to keep putting spare change into it for now. Don't think I'll ever move my ISA there as I prefer to use that for (mutual) funds which they seem pretty set on not including - which I do find unusual. Might soften their competitive edge a bit if they're only offering half the services retail investors require to move all of their portfolio to one place.
You ever think about equity crowdfunding? I've been experimenting a little with it lately (it's sitting at about 1% of my portfolio) but Freetrade is having another round of funding on Crowdcube next week so was thinking of putting some spare change in that too.
Given that it's not sheltered and basically just a little game of "can I win", I think that playing for what are essentially pennies is definitely the way forward! That said, their competitive edge (or lack of) doesn't worry me too much, because I can't see it ever being a serious platform for me I looked at CrowdCube a while back, but what little reading I've done about it suggests that returns (regardless of time scale) are highly unlikely unless you hit the absolute jackpot, so it's not something I would be willing to put what little I have spare into.
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Aug 27, 2012 5:36:39 GMT -8
D
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Post by D on Jul 3, 2019 6:06:27 GMT -8
Aye, I think that's the best way to do it so I've done similar. Put about £100 in and have just been chucking it at stocks I've wanted to buy for a while but haven't pulled the trigger on because I didn't want to buy enough of them to make the dealing charge at my other broker worth paying. I do like the user experience and am happy to keep putting spare change into it for now. Don't think I'll ever move my ISA there as I prefer to use that for (mutual) funds which they seem pretty set on not including - which I do find unusual. Might soften their competitive edge a bit if they're only offering half the services retail investors require to move all of their portfolio to one place.
You ever think about equity crowdfunding? I've been experimenting a little with it lately (it's sitting at about 1% of my portfolio) but Freetrade is having another round of funding on Crowdcube next week so was thinking of putting some spare change in that too.
Given that it's not sheltered and basically just a little game of "can I win", I think that playing for what are essentially pennies is definitely the way forward! That said, their competitive edge (or lack of) doesn't worry me too much, because I can't see it ever being a serious platform for me I looked at CrowdCube a while back, but what little reading I've done about it suggests that returns (regardless of time scale) are highly unlikely unless you hit the absolute jackpot, so it's not something I would be willing to put what little I have spare into. Yeah, equity crowdfunding is definitely moonshot territory! Only chance of getting your money back is if they IPO, are acquired or the management do a buy-back, so definitely increases the imperative to only invest in companies you really believe in rather than taking a punt. I've been looking at the companies running campaigns and it's been a good way to sharpen my due diligence skills, although they're not actually obliged to disclose full audited accounts so quite hard to do properly. You do see some absolute dross get funded into the hundreds of thousands though.
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Apr 30, 2013 15:32:12 GMT -8
leif
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June 2011
akiglass
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Post by leif on Jul 7, 2019 6:41:35 GMT -8
I own many shares of Trupanion. Go buy insurance for your dog, Leif needs more cash. Trupanion was the first stock I ever bought. I sold most of my other stock. I wasn't able to afford shares of Google/Apple when I started. So I only bought shares I could afford. I bought it back in 2016 when it was around $6 a share. The worth is now about 10 grand more then I paid. I am not touching it. I have it set aside for my retirement. My overall retirement fund is up 15% this year I am 30 and I really, realy, want to spend the money. It would help out so much. But, the tax penalties are so high if I touch before retirement.
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Mar 28, 2024 13:37:57 GMT -8
pawl
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November 2003
pollo
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Post by pawl on Mar 9, 2020 10:00:44 GMT -8
Holy necro-posting Batman, a threadomancer! You still playing D? Commission-free instant trades recently went live. Didn't touch it much for about 6 months, but I've started playing a little again in the last week or so.
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Apr 30, 2013 15:32:12 GMT -8
leif
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June 2011
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Post by leif on Mar 9, 2020 14:29:17 GMT -8
So. Despite the fact I was sick for so long, etc. I did have a 401k with my employer. I maxed it out, because of my employer's match was extraordinarily generous. 200% match for 4% of salary. So I did that. I did that even though I knew I was dying and before my heart transplant. I didn't really miss the money as I adjusted my tax withholdings so I get no income tax back, so everything extra went into my 401k, so it didn't impact my daily spending. I named my nephews, and my niece a dependent to it and put it in my will that any of my assets (like the 401k and my insurance policies) get split up between them 34% (oldest), 33%, and 33%. I have no children on my own, and my niblings dad (my brother) is in prison for life (not a good person). The kids are amazing. I put in my will they can't have the money until they're 25 years old and put in rules that the money must be put into a trust, and only withdrawn for college education or wait until 25.
Okay so I went a bit off topic... So anyways, my 401k provider allows you to "sell" you shares of whatever they bought with your invested 401k money. As the economy started dropping with Coronavirus a few weeks ago, I did that. I know everyone says wait and ignore the 401k.
I rebought everything I sold this morning. While my portfolio is worth the same as it was when I sold everything, but, now I own 26% more of the funds I had.
I'm expecting a bounce back to happen soon. The economy always does.
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Mar 25, 2024 9:54:18 GMT -8
daniel
27,203
December 2003
danielsmith
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Post by daniel on Mar 9, 2020 15:29:19 GMT -8
I have a couple hundred dollars exposure at this point. :-p
I'll ride out this out on the sidelines before jumping in.
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GO NOW Welcome to Pain
145851
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Nov 2, 2022 12:05:16 GMT -8
Syko Nachoman
let it all go at once, not piece by piece, but like a whole bucket of stars dumped into the universe
14,479
August 2009
sykonachoman
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Post by Syko Nachoman on Mar 9, 2020 15:55:45 GMT -8
Investment fact: Last week, I logged into my account to contribute the maximum amount to my Roth IRA, only to find that I had already apparently done so earlier this year.
This has been your Syko Investment Fact™ of the day.
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Aug 27, 2012 5:36:39 GMT -8
D
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August 2004
dodz
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Post by D on Mar 10, 2020 1:43:29 GMT -8
Holy necro-posting Batman, a threadomancer! You still playing D ? Commission-free instant trades recently went live. Didn't touch it much for about 6 months, but I've started playing a little again in the last week or so. Aye, still at it mate! I've given up on Freetrade because other brokers have already done what they said they were going to do but have not yet done. Not touching it for six months is an ideal situation to be in tbh. You picked a good week to get back into it What have you been buying? I'm expecting a bounce back to happen soon. The economy always does. Agreed! As a longterm investor I'm having a lot of fun at the minute. I have a couple hundred dollars exposure at this point. :-p I'll ride out this out on the sidelines before jumping in. Investment fact: Last week, I logged into my account to contribute the maximum amount to my Roth IRA, only to find that I had already apparently done so earlier this year. This has been your Syko Investment Fact™ of the day.
Do either of you use Robinhood to invest? I was reading that they had a very poorly-timed downtime and people lost a lot of money and now they're facing a class action lawsuit.
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Mar 28, 2024 13:37:57 GMT -8
pawl
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November 2003
pollo
Pink Stars
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Post by pawl on Mar 10, 2020 4:52:46 GMT -8
Aye, still at it mate! I've given up on Freetrade because other brokers have already done what they said they were going to do but have not yet done. Not touching it for six months is an ideal situation to be in tbh. You picked a good week to get back into it What have you been buying? What have they missed? I don't really keep up with things (as the six month gap proves!), and only know about the commission being dropped because of a push notification. Unfortunately while I was away nothing made huge gains, and I wasn't in for that much anyway. It seems I really did time it right though! Started with a couple of little (sub-£25) investments in companies or ETFs hit recently. Nothing I'm expecting a big return from. Then did a bit of research into Tullow Oil after being given a tip they were worth watching. Many hours of reading later and I jumped in for a couple of hundred when the market opened on Monday. Can't say that I ever expect to be an active investor, but I was feeling stupid and thought I would take the risk! The biggest problem I think I have with freetrade (and actively investing in general) is that the money I have disposable simply isn't enough. If I lose it then it's a kick in the teeth, but if I got lucky with my picks then I'm still not going to be making much! I'm only holding stock worth more than a tonne in two companies, with everything else being £25 and down. ~£600 total. A stock might have a solid 20% return in a year but it's still bugger all when it was only worth a tenner to begin with! 😂
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Aug 27, 2012 5:36:39 GMT -8
D
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Post by D on Mar 10, 2020 5:41:11 GMT -8
Aye, still at it mate! I've given up on Freetrade because other brokers have already done what they said they were going to do but have not yet done. Not touching it for six months is an ideal situation to be in tbh. You picked a good week to get back into it What have you been buying? What have they missed? I don't really keep up with things (as the six month gap proves!), and only know about the commission being dropped because of a push notification. Unfortunately while I was away nothing made huge gains, and I wasn't in for that much anyway. It seems I really did time it right though! Started with a couple of little (sub-£25) investments in companies or ETFs hit recently. Nothing I'm expecting a big return from. Then did a bit of research into Tullow Oil after being given a tip they were worth watching. Many hours of reading later and I jumped in for a couple of hundred when the market opened on Monday. Can't say that I ever expect to be an active investor, but I was feeling stupid and thought I would take the risk! The biggest problem I think I have with freetrade (and actively investing in general) is that the money I have disposable simply isn't enough. If I lose it then it's a kick in the teeth, but if I got lucky with my picks then I'm still not going to be making much! I'm only holding stock worth more than a tonne in two companies, with everything else being £25 and down. ~£600 total. A stock might have a solid 20% return in a year but it's still bugger all when it was only worth a tenner to begin with! 😂 Freetrade only ended up offering commission-free instant execution trades because a few others do now. They've also been talking about fractional shares and an expanded stock universe for literally years now but have already been beaten to it by Trading212. I never ended up moving my main portfolio/ISA from HL to FT because they've lost their unique selling point. Shame as they would have had my business if they got a shift on with the rollout of their features.
And yeah I feel you, but compounding is going to be your friend over the long term One of the good things about being able to buy fractional shares at T212 is that you can buy more expensive high growth stocks like Amazon and Apple in reasonable increments. Might be worth looking into.
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