Anyone use Football Index?
Discussion
addey said:
So who is losing money on this?? Are there really people 'investing' in crap players who then go down in value? Surely its fairly obvious who is worth putting money in to?
Player gets an injury, value plummets...that’s the obvious killer. There are others, ageing player’s values fall..jammy-git said:
Very interesting. Any idea on how the dividends are calculated? I'm thinking the payouts are generous right now whilst they try to attract people to the platform and in the future it might not be quite so profitable.
Also, I guess since it is considered gambling, all winnings/profits are tax free!
Divis are calculated on media exposure and on-pitch performance. The exact criteria and parameters are detailed on the website. Worth nothing the comment that you can only earn dividends on shares during a 30 day window from the day you buy the shares. So if you want to hold a player long term and earn dividends you'd have to sell the shares every 30 days and rebuy them - (and since selling price is lower than buying price the platform is going to make some money out of you when you do this) - otherwise you just keep hold of the shares beyond 31 days and simply realise the PnL in the sale plus any dividends from the first 30 days.Also, I guess since it is considered gambling, all winnings/profits are tax free!
I also signed up last night, only put £50 in to try it out. If it goes ok I will put more in for next season.
I've gone for the buy young promising players at the moment. Loaded up on some of the younger players at top teams like Liverpool, City and Untied as I expect they will get more game time up to the end of the season.
Up 1.72% overall, may spend my 86p on a mars bar.
I've gone for the buy young promising players at the moment. Loaded up on some of the younger players at top teams like Liverpool, City and Untied as I expect they will get more game time up to the end of the season.
Up 1.72% overall, may spend my 86p on a mars bar.
Well in just under a week i'm up by about 10%, mainly thanks to Foden and Greenwood! I'm going to carry on with the £50 share but if this return continues to the end of the season I think I will put a few hundred in for next season.
I've decided to look at younger, cheaper players with the hope of them growing in price. Based on this I have got rid Martial and Sancho (who whilst young is very expensive). They have been replaced with additional shares in Foden and Greenwood plus a new share in Ovie Ejaria who is a Liverpool player on loan at Reading who has been doing well.
I've decided to look at younger, cheaper players with the hope of them growing in price. Based on this I have got rid Martial and Sancho (who whilst young is very expensive). They have been replaced with additional shares in Foden and Greenwood plus a new share in Ovie Ejaria who is a Liverpool player on loan at Reading who has been doing well.
Very similar to the players I have! But you might want to look at supplementing your selection with a couple of big names that get media dividends. Apparently there are some updates coming up soon that is going to increase the Divs.
I'm a week in also, gone from £507.84 to £535.58. So if I gain £30 every week, that's ~1500 in a year, which would be quite phenomenal returns!
I'm a week in also, gone from £507.84 to £535.58. So if I gain £30 every week, that's ~1500 in a year, which would be quite phenomenal returns!
jammy-git said:
Very similar to the players I have! But you might want to look at supplementing your selection with a couple of big names that get media dividends. Apparently there are some updates coming up soon that is going to increase the Divs.
I'm a week in also, gone from £507.84 to £535.58. So if I gain £30 every week, that's ~1500 in a year, which would be quite phenomenal returns!
Oh right, I might stick a little bit more in now on that case. What big names do you have? I might get Pogba As I’m sure he gets lots of mention in the media. I'm a week in also, gone from £507.84 to £535.58. So if I gain £30 every week, that's ~1500 in a year, which would be quite phenomenal returns!
I have Koulibaly as I suspect there will be a bit of a transfer saga with him to City this summer, which should get some good media divis and an increase in price IF the transfer goes through. Timo Werner as I'm expecting his price to increase once het gets to Chelsea as I think he'll hit the ground running. Alli and Son as they seem cheap right now. Greizmann has been a good buy for me - currently £4 up on £18 worth of shares, looks like Barcelona have just found a formation that works for him too. Pulisic might be considered a big name too and he's gained me £15 on £90 worth of shares.
Announcement regarding new Team of the Month dividends: http://trade.footballindex.co.uk/dividendannouncem...
jammy-git said:
Announcement regarding new Team of the Month dividends: http://trade.footballindex.co.uk/dividendannouncem...
That reminds me - what are people doing about the 30 day eligibility window for dividends for shares you want to hold long term? Are you just keeping the shares and accepting you won't earn any dividends after 30 days, or setting a calendar reminder and selling/rebuying every 30 days and hoping the loss in the sale is covered by future divis / share price performance ?GTO-3R said:
Yes mate. Prices do fluctuate quite a bit at times but if you are holding a player for a long period and accept that there will be ups and down while collecting Media Dividends and Performance Dividends then that's your call.
For instance, as of writing now, Phil Foden is £7.03 and this time next year I think he will be a £10+ player so i'm going to lump £500 on him and go long term, same for Greenwood (£6.49). In that time depending on the amount of shares I have, I could potentially pick up a few hundred quid in dividends along the way and still have a player that's valued more than what I paid.
My mates that have huge money in are very very knowledgeable on football across Europe and spend a lot of time researching players to the point where it's almost a part time job!
You seem to know what you're doing.... any tips?For instance, as of writing now, Phil Foden is £7.03 and this time next year I think he will be a £10+ player so i'm going to lump £500 on him and go long term, same for Greenwood (£6.49). In that time depending on the amount of shares I have, I could potentially pick up a few hundred quid in dividends along the way and still have a player that's valued more than what I paid.
My mates that have huge money in are very very knowledgeable on football across Europe and spend a lot of time researching players to the point where it's almost a part time job!
blue_haddock said:
I'm thinking of signing up, any up to date tips?
In all honesty I would hold off. There's been some major changes this year which has left little liquidity in the platform and not much is being bought or sold at the moment.The upside is that prices have fallen quite a bit, so if you do sign up now, the prices (should) only go one way...
48k said:
https://www.bbc.co.uk/news/business-56401707
"Football Index collapse: 'I lost £4,000 in seven days'". QPR have removed Football Index shirt sponsorship too.
Must say it does have a whiff of a Ponzi scheme.
My portfolio is £354 so actually climbed a bit since I last looked at it.
I got out late last year I think I might have £30 left in. Made about a grand over all the ups and downs. Glad I got out there are quite a few who been badly burned. "Football Index collapse: 'I lost £4,000 in seven days'". QPR have removed Football Index shirt sponsorship too.
Must say it does have a whiff of a Ponzi scheme.
My portfolio is £354 so actually climbed a bit since I last looked at it.
It’s those people that started using the index like a legitimate saving/investment, foolishly mind, that have been rinsed. Never bet more than you can afford.
Yup, I've been following the fall out on Reddit over the last week or so.
It was kind of like a ponzi scheme. Their business model relied on new users/gamblers/investors signing up and depositing funds to pay the previous dividend share structure. When they changed the dividends payouts last year because it wasn't sustainable, the market dropped through the floor and all of a sudden everyone's portfolios were worth half of what they previously were. They tried to rescue it in the last month or two by increasing dividends again and artificially increasing the value of portfolios, but still no one could sell and they obviously ran out of cash quick.
It was kind of like a ponzi scheme. Their business model relied on new users/gamblers/investors signing up and depositing funds to pay the previous dividend share structure. When they changed the dividends payouts last year because it wasn't sustainable, the market dropped through the floor and all of a sudden everyone's portfolios were worth half of what they previously were. They tried to rescue it in the last month or two by increasing dividends again and artificially increasing the value of portfolios, but still no one could sell and they obviously ran out of cash quick.
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