Anyone use Football Index?
Discussion
Just wondering if anyone else has Football Index? It's an app that allows you to buy/sell "shares" in footballers, with share price rising with demand. I guess it's a bit like fantasy football - as players hit good form, their price will go up. Anyone find it a bit more interesting than regular football betting or stocks and shares?
GTO-3R said:
I've used it for a few years and had some great results. I recently had to withdraw all my portfolio to pay for my wedding but I'm slowly building it back up again. It's a great platform and is getting better and better as it becomes more established. One of my friends has over 200k in his portfolio and 3-4 others have 80-90k so it's a trustworthy platform and attracting some big money people now 
Wow, very nice! What sort of money are you starting out with if you don't mind me asking?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!
Also, I guess since it is considered gambling, all winnings/profits are tax free!
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!
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...
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...
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.
Gassing Station | Football | Top of Page | What's New | My Stuff