If you don’t enjoy FI don’t invest



  • The introduction of order books during Covid was always going to rock the boat a bit. The constant tinkering hasn’t always been timed brilliantly, but overall I think the platform has better mechanics now and the move was essential for the growth of the Index over the next 2/3 years.

    I’ve been here for just 6 months and even I can see it’s a long-term investment that will only yield profit if you’re patient and don’t let your emotion control the way you manage your portfolio.

    Despite being ‘safer’ and more strategic than traditional gambling, it’s still a betting app and I would advise users who are losing their minds to leave because you clearly have too much non-disposable income invested to enjoy it for what it is.

    Just a message to say I’ll still be here in 6 more months regardless. To those of you whinging in the forum because you’re down 10%, could you please pack up and go because I’m starting to get earache 😂



  • A bit harsh...but fair.



  • Fair, but a lot of peoples frustrations and worries are down to how this has been implemented and the ability for people to easily crash the prices of players



  • @NewUser569882 I think you are allowed to talk about it to other people. If people are seeing money wipped away before their eyes, sometimes it's nice to get perspective from the more experienced trader. I'm sure if William Hill, paddy power etc had a forum everyone would be discussing the one leg that let them down etc. You don't have to read it do you?



  • Not a very helpful post in my opinion



  • People have seen their portfolios drop about 20-40% in a week. They are allowed to discuss it. In fact it would be irresponsible gambling if traders did not.



  • Problem is if those you are aiming at left as you wish, they'd be down 10% todays whilst you'd be down 90% in 6 months



  • Whilst I haven't "whinged" so I'm not offended, the point of this forum is for other traders to be able to seek advice. This post just puts people off doing that, the underlining point is correct by all means but that doesn't mean people shouldn't post how they're feeling currently.



  • Already invested as per the previous game rules but won't be putting any more in

    Saying that is like you bought a house and the housing market crashed 6 months later and someone saying "You shouldn't have bothered buying a house"

    Although at least then a few people didn't come along and decide all the houses were overpriced in the first place...



  • Not sure that I would be paying too much attention to someone who has been on the index for all of 6 months !!



  • @NewUser569882 I think it's perfectly acceptable for people to air their grievances. Bearing in mind it is on a Football Index Forum.

    I don't jump on a thread and say "stop being so bloody positive!" so I think the same should apply when people are talking the product down.

    Let them have their say.



  • I don't enjoy muesli...so i don't invest! Wait what?



  • People are allowed to express their grievances at the way FI has mismanaged the switch to order books. You don’t know how people have spent setting up their ports for one thing only to have FI change a lot and potentially wipe out their efforts in one fell swoop.



  • @AndydfopT

    Completely agree that these things should be talked about. Just when it’s sensible...

    What gives me earache is the people in the forum who, (despite the climate at the mo) are ‘shocked’ there’s been a bit of a dip and are demanding answers. Just think they need to chill out and maybe think about reducing the value of their portfolio.

    Some of us are just here to have fun with it 🤷‍♂️



  • @NewUser569882 said in If you don’t enjoy FI don’t invest:

    @AndydfopT

    Completely agree that these things should be talked about. Just when it’s sensible...

    What gives me earache is the people in the forum who, (despite the climate at the mo) are ‘shocked’ there’s been a bit of a dip and are demanding answers. Just think they need to chill out and maybe think about reducing the value of their portfolio.

    Some of us are just here to have fun with it 🤷‍♂️

    I'm here to make money, and I expect most are as well. Yes I have fun, but 99% of us are here for the same reason. Same with the MM when they get on board, same with the whales. I'm not cutthroat about making money and will always try to be objective when helping other traders, enjoy helping traders, and receiving help myself. But ultimately most of us are here to make money.

    And yes there is rightful shock about where prices are, I don't know why you downplay it. I keep my ear close to the ground and saw very few predictions that the drops were going to be this bad. Yes I expected to wipe out the profit I got in the week leading up, and was prepared it would set my port back a few months. I didnt expect my profit to drop by half!

    More importantly, neither did FI, as communicated in their market statement. When no one predicts the size of the drop, then it is very understandable that people want to discuss it. A lot. And if that makes you bored or unhappy, then maybe you shouldn't be on here? But in the meantime, I and others will continue to analyse what is going on.



  • @Dr-Jan-Itor

    Do we need dozens of new threads on the subject, every day though?

    It's blocking up the forum. Perhaps just stick all of the moaning (some of it justified) about the same subject in one thread.

    Having read the dozens of threads, I think there are only a handful of posts with useful suggestions about how FI can improve the situation. Whereas there are hundreds and hundreds of posts with people losing their minds because their portfolios are 10-20% down. These people really shouldn't be using a gambling platform, because they obviously expect their bets to only ever increase in value. I suspect they have put money into the platform that they can't afford to lose - which is an error when using a gambling website.

    I don't know which posts you were reading, but there was loads of talk about a race to the bottom and significant falls in the lead up to full OBs being introduced. Anyone who was surprised by the falls, can't have taken the time to read the forum thoroughly - probably the same people who start new threads when there are already multiple threads discussing a particular subject!



  • @ocs123 said in If you don’t enjoy FI don’t invest:

    @Dr-Jan-Itor

    Do we need dozens of new threads on the subject, every day though?

    It's blocking up the forum. Perhaps just stick all of the moaning (some of it justified) about the same subject in one thread.

    Having read the dozens of threads, I think there are only a handful of posts with useful suggestions about how FI can improve the situation. Whereas there are hundreds and hundreds of posts with people losing their minds because their portfolios are 10-20% down. These people really shouldn't be using a gambling platform, because they obviously expect their bets to only ever increase in value.

    I think it goes deeper than needing a space to make suggestions. People are coming on to seek comfort with one another. Sometimes that manifests in panic, but by and large I have only seen 1 or 2 posters actually enact on selling up. Most are coming on to vent or feel listened to, or to know they arent alone with what they are thinking. I agree that all the threads aren't neccessary, but if that helps people pull through, then I dont see the harm either.

    And one issue with having it one spread is that you can easily get lost in that. A thread with 1000s of new posts can get overwhelming, especially as there are different nuances. For example, Ive tried to stay mostly offline. Checked my port today and saw it had dropped again. I then logged in and saw the thread "Just my portfolio still dropping?!" and that instantly made me feel better to know others are in the same boat. If that was in one thread, I may not have got the same experience.

    I think these are times that if we can reassure people that their worries are been listened to, or that they are not alone, or even making that they arent downplayed, then we can actually stem the panic. I think feeling isolated with a falling port is more likely to make someone make the wrong call.



  • @Dr-Jan-Itor Agreed. As long as we've got each other...

    If everyone watches this I believe we will all feel better about the situation

    https://youtu.be/emZP9LHKqSI



  • @Dr-Jan-Itor

    Yep, I (like others) have been trying to reassure people. Unfortunately people are not taking the time to read other threads and the advice being given.

    Instead they start yet another new thread saying "my port is down 5%, if this gets any worse, I'm going to sell up." These people should not be gambling, as a 5%, 10%, 20%, 30% loss (which isn't actually a loss until you sell up) is hardly anything in the world of gambling. How would they cope in a casino!



  • @ocs123 said in If you don’t enjoy FI don’t invest:

    @Dr-Jan-Itor

    Yep, I (like others) have been trying to reassure people. Unfortunately people are not taking the time to read other threads and the advice being given.

    Instead they start yet another new thread saying "my port is down 5%, if this gets any worse, I'm going to sell up." These people should not be gambling, as a 5%, 10%, 20%, 30% loss (which isn't actually a loss until you sell up) is hardly anything in the world of gambling. How would they cope in a casino!

    I guess my point is, what's the harm in it? Apart from been a bit annoying and inconvenient. If that helps them vent and feel better, so be it? It's a bit like with an argument with the girlfriend. Sometimes yell out 'Okay we are breaking up, we are done'. But we don't. But it feels better to yell it.

    Also just went through the first 50 threads showing up. 40 of them are about other stuff, so I don't think it is clogging up too much? Of the 10 that are related, some of them are positive slants as well.


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