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@User2000000 said in Is Football Index an unhealthy obsession?:
When I was trading I had slack notifications, team news, several twitter accounts notified & god knows how many other notifications, I was averaging around 400+ a day to keep on top of my portfolio and maximise profits and avoid any drops I could have potentially missed without these. To add to this Football Index regular changes rules, we had G&A added, a change in the PB matrix, severe deposit bonus and now we have transfer payouts.
To highlight the above in this thread posted nearly a year ago, the rule changing is a huge problem, you cannot invest in something if the rule is to change constantly and affect payouts etc. This has to stop. The next announcement FI make has to be clear.
Timeline of events
Clarification of rule changes, are they going to keep happening, if so why?
Sort out mechanics (This is vital)
IPD replacement, is it here to stay?
Market Makers, where are they?
What will FI be going forward, seems a huge identity crisis at the moment, do they know where they are heading?
I am currently not invested in FI, but I am monitoring daily as prices are low I am keen to jump back in but not until all the above is answered, its too much of a risk for me with how they are handling everything.
The concept is great but the execution is awful.
Good luck all.
I'd suggest you got in and out at the right time, and steer clear now. It's a completely different animal now... something like a beached whale.
One of your points is that they 'sort out the mechanics' This isn't going to happen, or they would have done it by now instead of watching the market crumble shrinking by 60%.
You might be thinking there's a chance the prices might get back up to what they were, so all the players look cheap to you, but they're not cheap. This is the market now, and the prices they've reached are based on the current dividends.... I'd say there's a better than average chance that dividends will be reduced again, so factor that into the risk/reward calcs.
