Do you need to sell shares for 8.25% offer?
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Deposited £100 in, will I receive 8.25% of the sell value of that £100 next month or do I have to sell ?
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It's net buy. So as long as you use that £100 to buy players and don't sell, you will get £8.25.
Although if you do sell £50 of that buy before the deadline, you will get £4.13.
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you need to buy to get the bonus
https://trade.footballindex.co.uk/tradingbonus-jlsdd/
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From 10th March to 23rd April (inclusive), it is:
(total buys (£) - total sells (£)) * 0.0825 = your bonus
There is no need to sell.
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@ocs123 I’ll be depositing £200 total so £16.50 for doing nothing is ideal !
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Yes easy money and plenty of bargain prices it's win/win
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@KingJimoT You do have to buy shares after you deposit though, it cant just sit in your available balance. it is up to £1500, which I think is the deposit amount limit, not the amount of bonus they will pay.
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@Kipper72 said in Do you need to sell shares for 8.25% offer?:
@KingJimoT You do have to buy shares after you deposit though, it cant just sit in your available balance. it is up to £1500, which I think is the deposit amount limit, not the amount of bonus they will pay.
No. £1500 is the maximum FI will pay out. Otherwise whales would deposit and buy hundreds of thousands of pounds of players and FI would be paying out a fortune:
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@Londoner Ah, okay. Then I wish I had more money to put in... Thanks for clearing it up though.
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@Kipper72 Putting in £1500 means you should get back £123.75,I'll be reinvesting it when I get a better jist of what's happening with football fixtures.
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What if I deposit £1000 today and spend the whole lot on players without selling any of the ones I bought today with the £1000......
.....BUT I sell one of my EXISTING holds from someone I bought last year?
Will they still net THAT existing hold Sell from the Buys that I have done today with the deposited £1000? Anyone know?
Thanks
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@JonesyFI-WH
It doesn't matter who you sell, new holds or old, they are all deducted from your net spend.
Easiest way to work out your potential bonus is by using the website rather than the app. My account - transaction summary - adjust dates from 10/3 until today. Then calculate buys minus sells, divide by 100, multiply by 8.25. That should give you your expected bonus amount.
Bonus pays up to £1,500, so maximum net spend of £18,181, runs up until the 23rd and paid out on the 24th. Hope that helps and makes sense.
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@Martyn-B top man thank you. Makes sense. I won’t be selling existing holds until after the bonus period ends then :)
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@JonesyFI-WH
If you can afford to keep money in and have spent less than 18k since the 10th of March I would recommend leaving it all in. Selling is fine, as long as you spend what you bring in, you just have to deduct commission from your net spends so a slightly smaller bonus.
Reinvest any dividends and empty your cash balance on the 23rd. Prices may dip slightly after the 23rd but this is normal and natural.
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@Martyn-B It will be interesting to see how much the market dips on the 24th with no IS.
Also depends on what FI announce by way of promotion to keep us all from withdrawing our bonus.
Whatever happens I won't be staying up at midnight to watch the ticker shaded by red!
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@LittleFish Yeah, expecting a dip but less severe than most post promotion dips due to IS. My bonus will be staying in, will try and hold onto it for a few days to buy the dip but will probably spend the lot within 1 hour of receiving it. Easy to give advice, harder to follow it!!
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This post is deleted!
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If I’m honest I’m hoping for a dip so I can make my bonus work better for me; any dip will be short term as he historically know.
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@LittleFish the dip will be people listing though right as no IS?
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@JonesyFI-WH If you sell at a profit and reinvest it you will get more. It is net buys minus net sells for the bonus
