@Ericali said in FIG Patreon Special offer! 🚀:

@The-FIG said in FIG Patreon Special offer! 🚀:

Engage with the community, discuss & debate. If we get to know FIG & your contributions are informative & thought provoking then users will want to follow.

I agree that the Patreon pump is a bit cheeky. But no one needs to subscribe. You say he needs to engage with the forum more instead of pumping his videos. But you don't demand FI Genesis does so. He doesn't engage in the forum much except to pump his blog, but we respect him for the excellent insight he gives to traders. FIG should be viewed in the same way in regard to his videos.

IPDs: £480.85

Hard to tell my story in a few words, but will be as brief as possible using bullet points:
• DISCOVERY: Discovered FI in an advert on BT Sport website. The football stock market claim really appealed to me as I had at the time been investing in the real stock market with modest results. I knew much more about football than bonds, equity and commercial property. I did my research on the company (including Trustpilot reviews) and took up the £10 taster on Bank Holiday 27 August 2018.

• BEGINNING: Gradually started putting hundreds, then thousands in. Bought all the players that were good players in real life and had around 60 players in my port. Was a bit puzzled why Kane, Messi, Firmino, Mane, etc. were in the red, but was unconcerned as I viewed my investment as a long-term, 3 year hold, coming from said stock market background. Wasn’t interested in dividends at first and immediately reinvested as they came in nearly every day. Bought from the top 200 players “Biggest Increase” in players section I hadn’t heard of at the time: Vinicius, Lozano, Lo Celso, Piatek, Sancho, Thauvin, etc. I also fell into the trap like many new ones in being burnt a few times when buying the cheap Pump and Dump, “Biggest Risers”.

• JUMPING IN: The turning point for me was the London Meet in late September 2018 after I had been with FI for a month. That evening was an absolutely crazy bull market with all my holds in the green and rising. I saw a profit of £1.9k, withdrew £1.4k which paid for my rent, food, expenditure for the next month. Coming back from the Meet, I decided to take out all my money from the stock market (5-figure sum) except for £1k which I put into crypto currencies.

• BEAR MARKET: The day after the London Meet, the market dropped into a bear market, nose diving and falling flat. I heard a few left the platform. The value of my port fell by nearly £1k and I pulled nearly all my money out in October but left in about £2k to see what I could do with that and practiced other strategies. I put back in the rest of my 5-figure sum and trimmed my port to around a dozen players, Dividend Kings: Pogba, Ronaldo, Messi, etc. That kept income coming in and kept me interested. FI brought in a December deposit bonus to stimulate the market and I won £1k, which was more than I had lost. The deposit bonus temporarily revived the market up to mid-December until there was a rumour that there was going to be a share split (SS) and the market began flying for the rest of December 2018 and the whole of January 2019.

• FLAT FEBRUARY 2019: The market could not sustain a bull market forever so there was no real surprise that February was flat. Of course, the dividend kings kept the income flowing.

• SS ANNOUNCEMENT/SS: Absolutely crazy flying times. I did something new for the first time, and brought in a temporary 5-figure sum (that I couldn’t afford to lose) especially for the guaranteed bull market of the SS announcement and the SS itself. This was to maximise the profits (£3.5k). The temporary money also doubled the value of my port.

• DEPOSIT BONUS PT1: Won £1k using my temporary 5-figure sum, but did not get involved in part 2 or part 3 as I kept the temporary money in for Media Days and then the Media Madness period.

• MEDIA MADNESS: The market dropped considerably, predictably after the SS and my port wasn’t in profit (I ignore the profit/loss figure. That’s the profit of your players, minus the losses). I view real profit as any figure above what you invested into the platform. If you invest £3k, and the value of your port is £4k, then that’s £1k profit, minus 2% commission.
As my port was in loss, I tried something new, which was siphoning off individual player profits. I sold shares of the player in profit, equal to the profit, plus shares to cover the commission and kept the remaining shares. Any leftover money was reinvested. I did this for players that appeared to have reached their peak price. My average 30+ player port were filled with transfer buzz players.

BIG BOYS: I also was determined to win Media Days 1-3 (won only 4 times) and Media Madness 1-5 (won only once!). I was also stubbornly determined to stay with the big boys for the entire Media Madness period, despite the huge losses in keeping them! FOMO unfortunately also stopped me from exiting them as I feared if I did that, people would start pumping into them for the start of the season and I would lose out. Neymar, Pogba, Messi, Hazard and a smaller extent, Sancho, were massively in the red. I no longer hold these Big Boys accept Sancho. The MB that I won from them was not worth the losses. So during preseason 2019, my port dropped by circa £14k. This was due to:

£9.7k – Siphoning profits (safely in my bank)
£2k – Market fall
£2k – Loss holding on to Big Boys due to FOMO/Media Madness
Total: c £14k

I also banked £1k from Deposit Bonus Part 1. The £9.7k withdrawn profits consisted of:
£8.2k – Price/capital appreciation
£1.5k – Dividends (PB/MB/IPDs)
Total: £9.7k

ROI since 27 August 2018: With 5-figure investment (Much nearer £10k than £99k!):
C 30%
With temporary 5-figure sum: c 48%.
IPDs: £480.85
Total Profits Withdrawn: £18.9k (Divs: £4,114, Price Appreciation: £14,786)

FUTURE OF FI: At that London Meet last year, 2 new directors was introduced to the audience. Both had a hard core gambling company background. I knew immediately then, where FI were heading. From comments I’ve read on the forum from old timers (members that are over a year) they have worked it out too. FI want to grow the platform and make it more profitable by making it more volatile and appealing to short-term gamblers. That is why they introduced IPDs, which I hate (but don’t mind the income from them when I flip players!) Short-term flipping is not my style of trading, I’m more long-term.

I believe what prompted FI to make the platform more volatile was the Big Boy traders (£100k+) who took a massive risk when investing in FI at the start and made the platform what it is today. They have thousands of shares in the Dividend Kings and others who were really cheap at the launch of the platform in 2015. FI pay out thousands in dividends every week to these pioneer traders with very little coming back from them as they rarely flip their ports. They don’t have to. They deservingly just sit and watch the dividends rolling in. So in come the new FI directors from the betting houses with an unsentimental outsiders’ viewpoint who came up with the idea of IPDs to target and recruit short-term gamblers and force the Big Boy investors to flip some of their port. Not only them but everyone on the platform will have to flip some of their port in order not to lose individual player profits. Volatility: Lots of money for FI whether people IS or sell to the market. More profits for FI means that the company grows.

FI MISSED A TRICK: This platform is marketed as a Football Stock Market. “How much is your football knowledge worth”? They talk about portfolios, shares and trading, instead of “gambling”. IPOs (Initial Player Offering) similar to the stock market’s Initial Public Offering (IPO). They are now using NASDAQ technology, utilized by real stock market traders and finance companies. Yet, instead of being brave and targeting long-term investors as real stock market companies does, with a view to investing for up to 3 years, they’ve gone for the short-term, hardened gamblers. These are well served by multiple online and betting shop companies. FI cannot compete with these but are in danger of becoming a FI version of Bet365, squeezing out the long-term trader. In any case, it will be much harder for the long-term trader to make money. FI will grow and increase in profits, but the long-term trader will decrease. I hope I’m wrong.

Slightly disconcerting with FI is that all the bull/flying markets I’ve experienced in the past year has been because of announcements/promotions/SS/deposit bonuses. FI should be growing organically as have other gambling houses.

MY FUTURE: Due to the £14k drop in my port explained above, I’m now playing with a 4-figure port now instead of 5-figure. I have the temporary 5-figure sum which I cannot afford to lose in the platform now that I’m using to help grow my port. I’ll take it out at the end of the year, leaving the 4-figure sum. I never put in new money but try to grow the original investment as you would in the real stock market, except for said temporary investment to maximise guaranteed bull market days.

When the 4-figure sum is left in the New Year, I’ll flip my port from a very diversified 30 player port to about 5 top players. I like to have a minimum of 100 shares per player as less is meaningless if you win dividends. I have a massive task of attempting to grow my port back into a 5-figure value without new money being put in. Future deposit bonuses and promotions/announcements where I can put in the temporary 5-figure sum will help of course. The platform actually growing will also help too. FI has changed and I will have to change and adjust my long-term strategy with it.

I really hope it is onwards and upwards!

So in other words, they're saying if you buy crap players, you shouldn't complain, that's the risk. But it doesn't change the fact that FI did have IS to enable such a trade, and said when discussing OB, that IS will still be available. They've gone back on their word, and removed this riskier trading strategy and dumped it onto the traders via ME.

• I don't trade this way but feel for those who did.

I hope you all have a fulfilling New Year.
I got an email from my old unit trust (stock market) investment company early last month informing me that the fund I used to invest in (commercial property) had to be suspended because trading had nosedived alarmingly. They blamed it on the uncertainty caused by Brexit.

I had taken all my money out of there in August 2018 and put it in here (except for £1k in crypto currencies). The balance is £0.00. I still get the emails because I haven't closed the account. It's a good indicator of what is going on in the stock market.

The stock market is extremely volatile. I haven't regretted coming here and so will most people joining this platform. Happy trading!

We're all enjoying making money at the moment in this soaring market, myself included. We want this to continue, but most of us who've been trading for 5 months or more, know that a flat/bear market will arrive eventually.

This is a wonderful product with unrivalled returns compared to the risks. But how long can it last? Critics of FI believe this is a glorified pyramid or ponzi scheme, where those who join first, make the most money and there's a constant need to recruit more members to avoid collapse. I'm not sure FI is one of those.

However, there's a little red flag. They've chosen to register the company in Jersey, where financial transparency obligations and regulations are light. It's well known that many dodgy companies have chosen Jersey to register their business. That in itself, means nothing in regard to FI.

It is very difficult to obtain financial information about a company in Jersey. I've been researching in the past week on how to obtain the latest Annual Accounts for FI. I went to the Jersey Financial Services Commission (JFSC) https://www.jerseyfsc.org/
and all they had was an Annual Return, a C20 form giving the number of shares there is in the company , its address and members: Fame Ventures Ltd (who are hosting the coming London Meet). You can buy an original hand written version or computer printout of the form for a small fee. The registry of JFSC holds the computer version. That's it. No Annual Accounts/Annual Report and Accounts/Annual Statement of Accounts. No Credit Report.

The European Business Register (EBR) http://www.ebr.org/index.php/information-distributors/
is a database that holds the financial data and position/credit reports of companies based in 25 European companies. Only two companies are registered to have access to the EBR for the UK: KYCKR and kompany. A fee is payable for the documents they hold.
KYCKR: Only hold the C20 company registration form! No Annual Accounts/credit report.
kompany: Only hold a "Registry Check". The same useless information on the C20 form!

Conclusion: If the critics are correct, and this is a pyramid scheme, then if a time comes and the company is about to collapse, we have no warning of this because no one except the directors are privy to the financial position of FI. If a collapse occurs, IS will be suspended. Only the money in your account (balance) by law cannot be raided by FI. An Annual Accounts will give investors a true picture of the financial state of FI, its cash reserves, creditors, liabilities, debtors and the plan for the year ahead.

If FI want us and future investors to invest long-term with them, they have to provide us with a copy of their Annual Accounts, so that at least, we can make an informed decision.

I'll bring this up at the London Meet. That means the crap FI Beta site and GKs have to be shelved.

Last Sunday I withdrew all of my funds bar £10 out of the Index. I’ve left around £10, which is 1 share each in Bruno and Foden to prevent the account from becoming inactive and will trade in and out of those 2 shares from time to time to keep up the “active” status. I’ll keep updating my personal spreadsheet tracking PB/MB/MDE winners if I should return.

My port cost this after football was cancelled and lockdown began:

I withdrew my port by IS (some in profit) of £3200. Grillitsch was the only one I had to put on the market and it took a week for him to sell. But I have put in extra money since lockdown for Messi, Bale, new players, etc of £1670. So my real port cost was £1,530. A more than £500 hit to get out.

Many think FI are clowns and don’t know what they are doing, but that is far from the case. They invented this marvelous concept and know exactly what they are doing. I discovered FI in 2018 a few months after I first invested in crypto that same year. I got bored of crypto at that time and went all in with FI as football is what I love.

I went to my first Trader Meet in central London that year and we were introduced to 2 new directors from a hardened gambling background. My heart sank a bit as I knew immediately where FI were going: into a more normal bookmaker model where the platform is heavily fixed in favour of the bookie winning. They were talking about order books (OB) and NASDAQ in their Twitter communications that year. All the changes they’ve made since then were what they had planned. Of course, they could not have planned for covid, but they handled that very well. Removing IS and installing 40% spreads meant they had trapped traders who had no choice but to accept the now hastened changes into OB.

Adam Cole also got excited when he saw around £150m (IndexTrax estimates) of IS liability that were temporarily removed from FI books and onto traders. In a live Twitter Q&A when asked about FI IS, he categorically stated that they would not be removed as that was part of the FI offer and what they were all about. He gave no notice of its permanent removal in order to prevent an even more accelerated exit of traders due to covid.

The bit-by-bit installation of the OB is the only thing that I’ll admit FI had no clue in what they were doing. If they understood OBs then no way would they have implemented them in pieces. They’re learning quickly though.

The most obvious and serious problem facing FI now is the lack of liquidity and no bids/few bids. It’s literally the brontosaurus in the room. FI know full well about it, but are unwilling to get their LP001 to provide full bid support until the worthless players IPOed in 2018 for the World Cup expire and after FI themselves manually remove many players they judge to be uneconomical, as per their latest T&Cs. It’s the only logical explanation. After that purge ends sometime probably this year, FI are literally gambling that there are enough cheesed-off traders that will stay to keep the company afloat. They will then go on a recruitment campaign and charm offensive to win new customers and hopefully some old ones too, to sign-up to the new, thriving platform. I believe they will get there. I’ll be able to buy back in at the crashed prices.

However, I’m not prepared to gamble that I’m wrong, and the company collapses and I‘m left switching off the lights. That job is @Karl 's LOL.

I’ve reinvested my withdrawal into crypto as I’m now bored stiff with FI. I’ve recently made 500% and 300% profit from coins (BTC and Dogecoin respectively) bought in 2018. Crypto is flying and it’s obvious that it’s the future in an increasingly digital and AI (Artificial Intelligence) and AR (Augmented Reality) world. You’ll find me on the Discord cryptocurrency and general chat rooms.

Good luck!

Reached £1000 dividend milestone this morning thanks to some MB from Pogba. I joined on 27 August 2018. Half of those dividend funds was reinvested into players. I used to have a diverse portfolio made up of MB/PB stars, mid-range players and promising youngsters, but after the market went on a free-fall after the London Meet in September 2018, I decided to rearrange my portfolio to only consist of MB/PB stars to maximise dividend profits and keep me on the index. I almost left after my portfolio value dropped to minus £1.4k during the 3 months of a flat Index.

I've withdrawn profits so far of £2.7k (dividends/player appreciation). Compare this to only £283 I made in the previous six months before joining FI on the real stock exchange. I'm so glad I discovered FI via an advert on the BT Sport website!

When the premier league was cancelled on 13 March 2020 due to the pandemic, many traders understandingly panicked and IS their ports. FI commendably acted quickly to stabilise the platform by widening spreads and removing IS. The market capitalisation (MC) then was £102m and since then the market has grown to a peak of around £133m in July with the help of promotions. MC is currently at £127m. Those that need to leave the platform or want to, have had their ports in the market sale queue since football was suspended.

After Offers (sell orders) arrive probably this week as FI has said it is “imminent”, then it will help those waiting months to get out to be able to sell their shares at a reasonable price quickly. Let them leave. It’s their money and their right.

However, don’t be surprised if FI introduce a deposit bonus if the MC falls below £120m, and expect blind panic from FI should MC fall below £100m. Don’t be surprised if we hear on the forum exiting traders complaining of FI using EDD to slow down cash withdrawals over a certain amount.

After the dust settles with the introduction of Offers, and FI’s marketing campaign kicks in, that will leave traders who want to be on the platform to be on hand to settle and help the flood of new traders to have fun in making money here and enjoy the fruits of FI’s growing future prosperity.

10/03/20

24/06/20

I don't normally reveal how much money I have in here since I joined nearly 2 years ago, usually only saying that it was a 5-figure lump sum. Now that it is a 4-figure port, it feels like a small amount compared to what it was before, so I'm less shy.

The port value of £2.3k on 10 March above was what it was at the start of the last deposit bonus (DD). The 5-figure temporary deposit I put in that day took almost 2 months to get it back out in bits and pieces starting from 24 April. I was given just over £1k in bonus and if you ignore that, my port has grown in value nearly 50%. This was achieved with a mixture of over £600 Bruno dividends, some dividends from other players and CA.

Yes, the port value is based on the buy price which realistically with the ME should be more like a figure in between the buy price and the IS price. I won't be putting in any more temporary deposits not even for a DD as they're now too risky to get out and seem to trigger EDDs. I'm convinced my EDD for April 2020 was triggered by the last 5-figure temporary deposit I dropped for the DD.

With a port of 20 players, I aim to grow it to a 5-figure sum. It's a big challenge but it'll be fun trying!

@Karl said in Goodbye - Hopefully for Now!:

@Londoner I wish you well Bud but I know 100% you will be back, so I won't say goodbye just yet. The fact you kept two shares says it all 😜

Do me a favour and just be really careful with the cryptos, as its in a massive bubble that is being inflated daily. The wolves have joined the party now and all the sheep are still bleating about 100, 200 and 300K bitcoin values. The sheep are going to get slaughtered most likely once the dollar has been inflated enough.

Till you return, take care and until your back I will keep the lights on 😊

I'm fully aware of the very volatile crash/boom nature of crypto. When it crashes, you buy low, and sell high. As long as it stays decentralised and out of the control of government and banksters, the only way is up!

Last Sunday I withdrew all of my funds bar £10 out of the Index. I’ve left around £10, which is 1 share each in Bruno and Foden to prevent the account from becoming inactive and will trade in and out of those 2 shares from time to time to keep up the “active” status. I’ll keep updating my personal spreadsheet tracking PB/MB/MDE winners if I should return.

My port cost this after football was cancelled and lockdown began:

I withdrew my port by IS (some in profit) of £3200. Grillitsch was the only one I had to put on the market and it took a week for him to sell. But I have put in extra money since lockdown for Messi, Bale, new players, etc of £1670. So my real port cost was £1,530. A more than £500 hit to get out.

Many think FI are clowns and don’t know what they are doing, but that is far from the case. They invented this marvelous concept and know exactly what they are doing. I discovered FI in 2018 a few months after I first invested in crypto that same year. I got bored of crypto at that time and went all in with FI as football is what I love.

I went to my first Trader Meet in central London that year and we were introduced to 2 new directors from a hardened gambling background. My heart sank a bit as I knew immediately where FI were going: into a more normal bookmaker model where the platform is heavily fixed in favour of the bookie winning. They were talking about order books (OB) and NASDAQ in their Twitter communications that year. All the changes they’ve made since then were what they had planned. Of course, they could not have planned for covid, but they handled that very well. Removing IS and installing 40% spreads meant they had trapped traders who had no choice but to accept the now hastened changes into OB.

Adam Cole also got excited when he saw around £150m (IndexTrax estimates) of IS liability that were temporarily removed from FI books and onto traders. In a live Twitter Q&A when asked about FI IS, he categorically stated that they would not be removed as that was part of the FI offer and what they were all about. He gave no notice of its permanent removal in order to prevent an even more accelerated exit of traders due to covid.

The bit-by-bit installation of the OB is the only thing that I’ll admit FI had no clue in what they were doing. If they understood OBs then no way would they have implemented them in pieces. They’re learning quickly though.

The most obvious and serious problem facing FI now is the lack of liquidity and no bids/few bids. It’s literally the brontosaurus in the room. FI know full well about it, but are unwilling to get their LP001 to provide full bid support until the worthless players IPOed in 2018 for the World Cup expire and after FI themselves manually remove many players they judge to be uneconomical, as per their latest T&Cs. It’s the only logical explanation. After that purge ends sometime probably this year, FI are literally gambling that there are enough cheesed-off traders that will stay to keep the company afloat. They will then go on a recruitment campaign and charm offensive to win new customers and hopefully some old ones too, to sign-up to the new, thriving platform. I believe they will get there. I’ll be able to buy back in at the crashed prices.

However, I’m not prepared to gamble that I’m wrong, and the company collapses and I‘m left switching off the lights. That job is @Karl 's LOL.

I’ve reinvested my withdrawal into crypto as I’m now bored stiff with FI. I’ve recently made 500% and 300% profit from coins (BTC and Dogecoin respectively) bought in 2018. Crypto is flying and it’s obvious that it’s the future in an increasingly digital and AI (Artificial Intelligence) and AR (Augmented Reality) world. You’ll find me on the Discord cryptocurrency and general chat rooms.

Good luck!

@Munchie63 Exactly! Hands up, who heard of Rexhbecaj before yesterday?

@Tom7471 said in Squad tournaments:

Seems like they are turning into a sportstack style betting company. Strange move in my opinion.

FI are aware of FS and sportstack, etc, competitors, and are playing them at their game and trying to blast them out of the water.

@Karl

DCL - Dominic Calvert-Lewin

@Index_Scholar Comments on players of interest only: Mount is on my watchlist. Agree that if he adds more goals to his game, could be a great hold. Gross is in my watchlist also. Watched him on MOTD and was impressed. Definite bargain.
Yazici: I hold and will be expecting him to be in around the top 6 performers if he misses out on pb.

@VicMackey said in Any Elvedi holders not received their TOTM yet?:

I haven't.

As @wolves86 said, the purchase date is crucial. I'm a holder, but I bought after 21 Jan, so don't qualify for Jan TOTM.

Happy with my £18.

Is this an infamous Sol rant, LOL. It sucks if your hold loses out, but GWG is essential, as it wins a match!

@NewUser462188 said in Ruben Dias:

Consistently hitting 200, give or take 20-30 points without scoring a goal.

Could be a shrewd match day dividend investment?

Yep. He's the only one in my 30-player port who hasn't won pb yet. But as you say, it's only a matter of time before he does.