Yup, I'm with you lads. I built a PB port around the announcement and have enjoyed similar rises with +4.14% last 7 days. Loads of room for growth.
Amazing dividends on offer, relatively low prices... what a great time to be on the Index!
I loved it for a long time, but I don't feel like I understand the market now annoyingly. I have tried to adapt, but I only manage ten mins on IndexGain before I have to do something else with my evening and don't find I'm getting anywhere or finding any value 🙈
They've made it a lottery for dividends and I don't have the time for short term IPD trading.
I assume most of us selling up are those traders that liked the long-term USP. Once we've all left, FI can either attract us back by increasing divs and stimulating the premium end of the market, or they can enjoy a different type of growth with more short-term traders (mostly traditional punters). Will be interesting to see what they decide to do.
Anyone else starting to get excited for the madness which will no doubt begin when all this bottoms out? I'm quite looking forward to a refresh where a lot of the big boys are looking quite cheap again and there's going to be a lot of opportunity out there!
I hope we don't see mass hysteria about dropping ports. We're post-bonus and in January where everyone is skint and naturally withdrawing money to cover the Xmas break and the long month.
Lots of people probably overstretched themselves in the hope we'd see a Try January boom like last year, which also benefitted from the share split announcement - and now they're selling some shares off as the portfolio is taking a downturn and there's no evidence of a market boom as some predicted...
It's FI, stuff goes in cycles, we'll see more green soon 👍
@Ericali I was very happy with the dividend yields from the premium players, until all the traders decided to pull their money and stick it in youth and IPD players. The drops in prices meant the divs weren't worth it for me as they weren't likely to be enough to cover the losses.
With stable prices (trader confidence) I thought the div returns were reasonable and didn't need increasing.
Does that make sense? I might be talking utter sh*te!
Absolutely agree. It's a great concept and it will succeed with the right direction. As pioneers of this space, they're bound to make mistakes along the way and they've recently made some pretty spectacular mistakes in my opinion. But I do back them to learn from it and make the platform and the offering stronger.
I sold a 2.5k port on the deposit bonus boom and it still took a fair while to shift. Just finished it off yesterday. Think this downturn will continue for a fair while, as so many of us got accustomed to portfolio values that looked stable and now everyone is trying to withdraw their investment while the market shifts in new ways. I'm sure it will bounce back eventually, but it may be a largely different set of users - unless the traders selling off currently decide to get involved again.
I'm hoping to start afresh once I work out wtf direction the index is going in - and if I've got the time to get involved in short term trading.
I have almost finished selling up a 2.3k port that I built up from 1.1k deposits over 1.5 years. Didn't expect to sell up this soon, but if I'm honest, I slightly naively committed to some spending next year which is dependent on the money locked up in my port.
Usually, I'd ride out a dip, but with the IPDs, euro divs and mb opening up, I just felt like I couldn't keep up with the pace of change and volatility in the market whilst my pb-focused port was taking a hammering - so I decided to derisk and sell up with the deposit bonus growth.
Now I have a clean slate, I'm going to really enjoy revaluating my Index strategy next month or two whilst everything becomes a bit clearer and the market adjusts to the recent changes - and then I'll attack it again in the new year.
I hope a lot of the other traders selling up have the intention of getting back on later. I sold up, yet I love the Index and believe in it over the longer term. However, I do think FI need to be very careful if they're to change the goal posts again anytime soon.
Good work! I think its good to start small while you learn the ins and outs of the platform and get a feel for what affects a players value.
I started with 20 quid in March this year. Each pay day I'd stick around 50 quid in after I saw decent rises. Stuck a couple of hundred it for the August deposit bonus and another 100 in on Friday.
I now have a portfolio of 21 players with around 4 big hitters, some mid range players and a number of younger players (most with pb potential).
So far I've invested a total of 540 and current value is currently 770 which I'm very happy with. Not made any withdrawals. I love the Index and will be trying to scale up when I've got the spare cash to do so.
There might be a dip as people take profit after this crazy rise, but long term I think he's an amazing hold and will still rise further. When you watch him play, you see how he managed to rack up those crazy PB scores. His delivery, set pieces and assists etc. are so consistent each game and the points quickly add up.
As pointed out, if Kimmich gets a positional change, it's going to be utter dominance from Trent.
Mate, I'd ask the question on IndexGain itself. Tag Bishop and I'm sure he'll help you.
As for being a bit lost, stick with it. Slack can be slightly confusing at first, but you will get used to it. Check out the introductory materials on the website and learn how to use the buzzbot commands.
Have you considered that some will have market sold during the bonus and will be buying back in at a lower price when the market bottoms out? Selling can take balls too...
@Chris-J Only on Twitter mate. Looks a great finish but can't see the build up!
@Vespasian32 Agree. The returns are incredible compared to other places you can invest your money.
IMO It's a shame traders have been moving money out of the top players and chasing capital appreciation on unproven youngsters. But hey, the market is the market and who am I to argue with it.
I think a lot of people have enjoyed a lot of growth over time (steady cap app and divs) and are now looking at a market which has been completely turned on its head with IPDs and an influx of short-term flippers joining the platform - and they're leaving as they can't understand what is going on and they're worried they won't be able to keep up if it continues to dominate the market.
Money has moved from dividend returners to youth and cheaper players and a lot of traders are probably hoping to sell up and wait until all of this has blown over (either dividend-returning player prices bottom out OR FI increase divs to outweigh the appeal of IPDs and flipping).
Just my opinion of the current situation...