Discussion
Tim Cognito said:
Do these apps get caught up with regulations around gambling? If not they should.
They fall under the remit of the FCA in the UK. So yes, strongly regulated. The FCA has actually recently deemed Crypto as high-risk and is taking stricter measures around that now. I don't invest in Crypto, I do feel that's a gamble too far for my tastes, too 'pyramid-schemy' for me as it is now.
The apps are just Broker platforms facilitating trade though. T212, Tradestation, eToro etc have desktop websites too and don't tell you what to invest in, merely provide the means to do so. Note though that being regulated by the FCA, they ensure your uninvested capital held on the platform is with Banks and protected under the FSCS scheme. Indeed, on eToro, my uninvested capital earns 5% as it would in any decent Instant Access account.
Any form of investment where there is no watertight guarantee attached is a gamble. We pick our gambles in Life according to the risk levels we are comfortable with.
Edited by YorkshireStu on Friday 22 December 11:00
New web layout for them is horrible in my opinion. they just moved everything sideways instead of up and down and the contrast is too defined. it looks like its for children.
i changed it to the black seeting from the super bright white but its still way worse than it was.
I could nip in have a quick look at each folder i had set up and be out in 5 mins if needed.
Anyone else not like it?
i changed it to the black seeting from the super bright white but its still way worse than it was.
I could nip in have a quick look at each folder i had set up and be out in 5 mins if needed.
Anyone else not like it?
asfault said:
New web layout for them is horrible in my opinion. they just moved everything sideways instead of up and down and the contrast is too defined. it looks like its for children.
i changed it to the black seeting from the super bright white but its still way worse than it was.
I could nip in have a quick look at each folder i had set up and be out in 5 mins if needed.
Anyone else not like it?
I'm still trying to get used to it. i find my phone screen too small so prefer using my desktop/laptop. My main gripe is that the new slappy does not show notfications, I have to wait until the phone vibrates, read them, and then log back in to the 'puter!i changed it to the black seeting from the super bright white but its still way worse than it was.
I could nip in have a quick look at each folder i had set up and be out in 5 mins if needed.
Anyone else not like it?
As per my other thread here https://www.pistonheads.com/gassing/topic.asp?h=0&...
I was looking at the likes of Vanguard to pop some cash into and pick out something like a S&P500 tracker
I believe T212 do this without any fees? So would T212 be a better option instead?
I was looking at the likes of Vanguard to pop some cash into and pick out something like a S&P500 tracker
I believe T212 do this without any fees? So would T212 be a better option instead?
Dimebars said:
As per my other thread here https://www.pistonheads.com/gassing/topic.asp?h=0&...
I was looking at the likes of Vanguard to pop some cash into and pick out something like a S&P500 tracker
I believe T212 do this without any fees? So would T212 be a better option instead?
Short of save as you earn at work ive never bought shares in any other way.I was looking at the likes of Vanguard to pop some cash into and pick out something like a S&P500 tracker
I believe T212 do this without any fees? So would T212 be a better option instead?
part from the web based site changing im happy enough with them. Sometimes dividends are paid quicker than any of the big established names and you are still covered up to 85k.
sent you an email
I have only started to dabble with this platform since a friend sent me a referral, I quite like the 'pie' idea where you can copy an existing pie and see how you go.
Been using Wealthily as a robo-investment type platform for a few years, and good success with that, off course ups and downs with most.
Been using Wealthily as a robo-investment type platform for a few years, and good success with that, off course ups and downs with most.
YorkshireStu said:
Research is key and if investing in the Top 500 companies, it's hard to go wrong if you are patient and don't buy close to what the analysts have as the average upside for the forthcoming year.
72 stocks accounted for all of the US market gains in the years from 1926 to 2022, and more than half reduced (rather than increased) net wealth. YorkshireStu said:
“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett.
Not sure all the people who are volatility traders will agree.Warren Buffet has sat on investments of solid businesses for the bulk of the run of the USD hegemony, after the 29 crash and bottoming out.
Just buying S&P500 DCA for the last 50 years would have given you a huge chunk today.
It’s easy to say ‘buy and hold’ in hindsight.
Mr Whippy said:
Not sure all the people who are volatility traders will agree.
Warren Buffet has sat on investments of solid businesses for the bulk of the run of the USD hegemony, after the 29 crash and bottoming out.
Just buying S&P500 DCA for the last 50 years would have given you a huge chunk today.
It’s easy to say ‘buy and hold’ in hindsight.
I’m just an Amateur in it as a relatively new-to-me hobby so no-one should follow me Warren Buffet has sat on investments of solid businesses for the bulk of the run of the USD hegemony, after the 29 crash and bottoming out.
Just buying S&P500 DCA for the last 50 years would have given you a huge chunk today.
It’s easy to say ‘buy and hold’ in hindsight.
I get that I have stepped upon the far wiser toes of some professional experts in this forum, so caveat with reiterating I’m just a noob having a gamble. Everyone has to follow their own strategy - it’s everyone for themselves. We can obviously learn from successful Traders and apply what we think might work in our own cases but, of course, we can also copy or let those we think know better manage our Portfolios. Like many I do that with Vanguard etc.
But we can have a flutter ourselves too and so far my strategy is working for me. I only entered for fun in 2022 so anything prior to that is largely irrelevant to me personally - past performance is no guarantee of future performance etc - and I’ve made my fun money in 2023 from capital I could afford to lose so this year I’m playing with that profit.
I can’t ‘lose’ now - hence it being a fun casino for me this year. I spend most of my afternoons either researching or trading and enjoy the process. It keeps my mind occupied.
Obviously, in my strategy, Hold means not selling on days/weeks that experience dips since the post-Covid run has been, dare I suggest, predictably bullish especially with the added spice of the AI interest.
I’m not planning upon dabbling in the much longer term either. I’ll get bored and move on to a new hobby.
For some reason I am tempted to have a little flutter on some individual stocks with a few % of my "portfolio".
Sure, a direct debit into LS80 is less risky, has a statistically better chance of success, is less stressful and requires no effort... but where's the fun in that.
Is t212 the best for this in terms of fees/UX/easy withdrawals or is there a better option?
Sure, a direct debit into LS80 is less risky, has a statistically better chance of success, is less stressful and requires no effort... but where's the fun in that.
Is t212 the best for this in terms of fees/UX/easy withdrawals or is there a better option?
Tim Cognito said:
Sure, a direct debit into LS80 is less risky, has a statistically better chance of success
Past performance is not a reliable indicator of future results… 
Each day is a new day, a new roll of the dice.
To pretend this practice will remain forever ideal, and we’ll all go off into a wealthy sunset, is wishful thinking in my view.
The world is a competitive place, so to be able to ‘win’ by doing essentially nothing seems like a bit of a scam to me.
Can everyone really be a winner?
asfault said:
Short of save as you earn at work ive never bought shares in any other way.
part from the web based site changing im happy enough with them. Sometimes dividends are paid quicker than any of the big established names and you are still covered up to 85k.
sent you an email
I'm not interested in picking and choosing shares. I want to be as passive as possible.part from the web based site changing im happy enough with them. Sometimes dividends are paid quicker than any of the big established names and you are still covered up to 85k.
sent you an email
S&S ISA and pick a fund is my thinking. Then leave it be
Mr Whippy said:
Tim Cognito said:
Sure, a direct debit into LS80 is less risky, has a statistically better chance of success
Past performance is not a reliable indicator of future results… Each day is a new day, a new roll of the dice.
To pretend this practice will remain forever ideal, and we’ll all go off into a wealthy sunset, is wishful thinking in my view.
The world is a competitive place, so to be able to ‘win’ by doing essentially nothing seems like a bit of a scam to me.
Can everyone really be a winner?
That strikes me as a pretty safe bet, personally.
Jawls said:
Mr Whippy said:
Tim Cognito said:
Sure, a direct debit into LS80 is less risky, has a statistically better chance of success
Past performance is not a reliable indicator of future results… Each day is a new day, a new roll of the dice.
To pretend this practice will remain forever ideal, and we’ll all go off into a wealthy sunset, is wishful thinking in my view.
The world is a competitive place, so to be able to ‘win’ by doing essentially nothing seems like a bit of a scam to me.
Can everyone really be a winner?
That strikes me as a pretty safe bet, personally.
Make a profit, ahead of inflation, and without the world burning, with ESG, international equity, ecology, and everyone is better off for it?
Yes in such a utopia I agree. But things are at breaking point.
The spoils of capitalism are at the detriment of the many for the benefit of the few.
We’ve seen that is the case. The richest get richer and the number of poor increases.
The environment is suffering.
Geopolitics are suffering.
Until we see genuine equity *and* growth *and* everyone being better off, I’m skeptical that we have a scam system where if you think you’re making money, you’re only doing so by impoverishing yourself and family (inflation from debasement), or impoverishing people in other countries.
As noted, from about 1950 we’ve had a whole load of civilisation advancements and improvements, from a peak in wealth equality.
1900-1950 was a pretty dire time. 1929 crash, pandemic, two world wars, high wealth inequality.
Nothing is certain. Indeed the only certainty is that things do change.
Simbu said:
I use Freetrade which I understand provides a largely similar service to T212. They offer a (paid) ISA and just started offering access to UK 28 day treasury bonds. Also happy to provide a referral code!
I've found investing in ETFs from the likes of Fidelity and iShares is a relatively stress free way to invest in S&S without the worry of choosing individual stocks.
Freetrade look pretty good.I've found investing in ETFs from the likes of Fidelity and iShares is a relatively stress free way to invest in S&S without the worry of choosing individual stocks.
I still can’t find examples of their spreads.
Very tempted to put a bit of my ISA in here and have a play.
Being GBP and having those 28 day Gilts is pretty handy!
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