It's all relative as to how much you can make from it so have to consider in % terms. I've been on it for just shy of 2 years now and I've had a 90% return so nearly doubled my money.
It was money which was previously sat in the bank earning 1% interest so it's fair to say I'm pretty delighted by these returns. Of course there is an element of risk as with any investment seeking higher returns but I've lost money in traditional stocks in the meantime and I know 10 or so people also on FI and nobody has lost any money (yet).
I would add that the platform has been considerably more volatile over the past 2 months which I think has come from an influx of new traders seeking a quick buck treating it as though it's a betting site, which it clearly isn't when you've got your head around it all, irrespective of it being registered with the gambling commission.
In summary would I recommend it - absolutely if you have an interest in football and some spare cash. I would always start small to get a feel for the market dynamics however as everyone I know has made a poor buy or two at the start before fully understanding how it works and what drives prices.
All I know is that I signed up to it years ago when there was some promotion if you put £10 in they added another £10 to your account to start off.
I made about 13 pence and got bored a week later and it let me withdraw the whole £20.13 (would've thought the tenner they added would be ruled out of cashing out).
Decent concept.
comment by Admin1 (U1)
posted 17 hours, 20 minutes ago
You'd be far better researching AIM shares and companies that operate in little understood niches
----------------------------------------------------------------------
AIM is a cesspit, very few successful companies, I'd be wary as you can do as much research as you want but it's still mostly luck over judgement.
I joined Football Index in May with a bit of spare cash to try it out.
Since then I haven't put any money into my stocks/shares ISA as although FI is a betting platform it feels less of a gamble than markets (such as AIM).
A little early to have give a definitive opinion but in 5 months on FI I'm seeing a 10% return.
So far I've only bought players (which you can hold for up to 3 years before selling) and the gains have been from capital appreciation and dividends paid on goals scored, assists, performance and media.
My regular share portfolio in contrast after investing for 8 years is massively down.
Sign in if you want to comment
Football Index
Page 2 of 2
posted on 11/10/19
It's all relative as to how much you can make from it so have to consider in % terms. I've been on it for just shy of 2 years now and I've had a 90% return so nearly doubled my money.
It was money which was previously sat in the bank earning 1% interest so it's fair to say I'm pretty delighted by these returns. Of course there is an element of risk as with any investment seeking higher returns but I've lost money in traditional stocks in the meantime and I know 10 or so people also on FI and nobody has lost any money (yet).
I would add that the platform has been considerably more volatile over the past 2 months which I think has come from an influx of new traders seeking a quick buck treating it as though it's a betting site, which it clearly isn't when you've got your head around it all, irrespective of it being registered with the gambling commission.
In summary would I recommend it - absolutely if you have an interest in football and some spare cash. I would always start small to get a feel for the market dynamics however as everyone I know has made a poor buy or two at the start before fully understanding how it works and what drives prices.
posted on 11/10/19
All I know is that I signed up to it years ago when there was some promotion if you put £10 in they added another £10 to your account to start off.
I made about 13 pence and got bored a week later and it let me withdraw the whole £20.13 (would've thought the tenner they added would be ruled out of cashing out).
Decent concept.
posted on 11/10/19
comment by Admin1 (U1)
posted 17 hours, 20 minutes ago
You'd be far better researching AIM shares and companies that operate in little understood niches
----------------------------------------------------------------------
AIM is a cesspit, very few successful companies, I'd be wary as you can do as much research as you want but it's still mostly luck over judgement.
posted on 11/10/19
I joined Football Index in May with a bit of spare cash to try it out.
Since then I haven't put any money into my stocks/shares ISA as although FI is a betting platform it feels less of a gamble than markets (such as AIM).
A little early to have give a definitive opinion but in 5 months on FI I'm seeing a 10% return.
So far I've only bought players (which you can hold for up to 3 years before selling) and the gains have been from capital appreciation and dividends paid on goals scored, assists, performance and media.
My regular share portfolio in contrast after investing for 8 years is massively down.
Page 2 of 2