There are things they could do to make the market more stable and promote growth.

But I’m concerned that a lot of the people complaining don’t appear to understand how a market works. Basically they are saying: My holds are dropping in price, please intervene and stop this from happening.

But that is not how an open market or full order book system works.

Ultimately if more people are trying to sell your player than buy, then his price is highly likely to fall. But if you think things are terrible and want to get out of falling holds, why should anyone else be trying to buy those players and push up their values?

Constantly moaning about falling prices will prove to be a self fulfilling prophecy.

Today just goes to show why you shouldn’t listen to the doom merchants and that rather than complaining all the time, a bit of research and patience (like the OP showed) can lead to good dividend returns and cap app.

Mid December Kimmich could be bought quite easily for circa £4.50 via bids. Less than a month later he’s back and firing again, and could be instant sold tonight for £6.20.

Not that I’d sell my futures in him, as he’s young, plays in a dominant team and is a PB beast!

But there’s loads of opportunities to make money on the platform, if you do your research and don’t panic sell when a player drops in price.

It never fails to amaze me how stupid the general public are.

Yesterday’s promotion news was as clear as day to me.

But obviously not for some people, who don’t read things properly, read too much into certain words or who get themselves into a muddle over nothing.

Anyone who thought that FI would be running a promotion based on the net sales of futures (in number rather than value), needs a brain transplant.

I hope FI close this forum down (I would if I was Adam Cole).

It’s been useful in the past to help inform new users and to discuss all things FI related. But there are half a dozen or so complete tools (with too much time on their hands) who’ve ruined it and just want to take over most threads and make it all about them. They’d be better off on twitter, which is full of fruitcakes.

I’m surprised the crash has taken 48 hours to happen.

3 weeks good work and slow market recovery down the drain because FI listened to some wallies on Twitter and got greedy by removing one type of dividend.

Nice one. Someone get the dunce hat out and put it on Mike B’s head.

@Jamie said in Ffs here we go again, don't be fooled traders:

Why would you buy salah / Kane at their price in the hope they get a few p in dividends, when it’s likely they will drop shortly after the final? It’s not market manipulation, it’s just common sense..

The answer is you shouldn't. Anyone trying to short term flip a premium player isn't cut out to be trading on FI. Likewise anyone who owns Salah or Kane and panics when they drop a few pence after a match shouldn't be trading on FI.

Premium players like Salah or Kane are long term holds. You should buy them and hold for at least 6-12 months (preferably 2-3 years). If you follow this advice you are 99% certain to make a significant amount of money, both through their very good dividend returns and the inevitable capital appreciation. Unless they suffer a career threatening injury or a move abroad is about to be confirmed, there is no reason to sell.

There are far too many Del-Boy traders on FI, here and Twitter trying to convince people that you can easily double or treble your money by buying Player X and selling the following day at a profit. Mostly these are traders who are trying to inflate Player X's price, so they can sell at a profit themselves.

The safest way to make serious money is to buy wisely, hold for the medium to long term, farm dividends and sell at a profit further down the line.

The very simple solution to the current mess is for FI to do two things:

(a) limit matching engine bids to no less than 80% of the ‘buy now‘ price; and
(b) step in and offer 75% bids, where the market provides no bid.

Easy. No major change required.

Traders will still be able to pick up bargains at up to 20% less than the buy now price.

Traders will be guaranteed an exit on holds at OK (but not great) prices.

FI will still have far less liability than they did pre coronavirus, when IS was often set at 90-95% of full price and there was no market bidding system.

Confidence will return within weeks.

(Yes, I am a genius and would like an open top bus parade for this idea.)

@Tom7471 said in Best way to get money out of the index right now?:

I was a little naughty and overexposed myself.

You're not the only person to have ever done this, so don't get too down on yourself. You've taken the important first step, which is to admit that you've made a mistake.

Now you need to report the incident to the Police, take your punishment and rebuild your life afterwards. Everyone deserves a second chance.

Turns out that Greg Wood chap who wrote the article at the Guardian is mates with Caan and worse than that, they both have a history of pumping Betfair on their Twitter profiles.

No wonder he wrote the article he did, as it’s probably in his interest financially to do so. So much for journalistic integrity.

I’ve lodged a complaint with the Guardian and will escalate the matter if they don’t deal with it appropriately.

@Don-Quixote

Spot on.

Doesn’t matter whether you buy 1, 100 or 1,000 futures in a player, the % dividend yield will be exactly the same.

Caters for all budgets.

@NewUser544991

Yes, player prices are low and potential dividends are high, which makes it possible to achieve a 3-4% yield from dividends every month, if you buy players who win Media or Match Day dividends frequently.

However, player prices can be volatile and it is a gambling website, so only put in money that you can afford to lose.

When they send out that customer survey in a few weeks, it would be good if as many of us as possible could respond saying we like the PBX dividend, but they should bump it up to 2p or 3p for outfield players.

Obviously they can’t make it 4p, otherwise a player finishing second could win the same dividend as a player who won PB on a bronze day, but 1p seems a bit tight.

@NewUser299580

They made about £100m by introducing Order Books, as they no longer have any liability to buy back any futures that have been sold to customers (unless they want to through LP001). They are more than OK from a financial point of view.

IPD removal was probably a case of them paying out more in dividends than they were making in associated commission, so again is another financial benefit for them.

@NewUser688442

Bitcoin is at approximately £27k today. At some point in the next 12 months it will be worth half that amount. This is why you should sell now and rebuy later.

Your advice to others to buy now is bad and irresponsible advice.

https://www.forbes.com/sites/billybambrough/2021/01/18/jpmorgan-issues-bitcoin-price-crash-warning-after-sudden-bitcoin-sell-off/?sh=e68ec045a92b

I will refresh this thread in 6 and 12 months time to highlight the error you have made.

@NewUser556821 said in Far less risky product:

@ocs123

You can get 4.5% interest
https://www.abra.com/earn-interest-on-crypto/

I earned 4.51% in dividends in FI last month, so why would I put that money into Abra and wait a whole year for a similar return?

Plus Abra have an even lower trustpilot review than FI, which is concerning.

@NewUser688442

Because I am more intelligent than you and can see that bitcoin is about to crash in price.

@NewUser688442

Precisely what percentage of their balance sheets are they allocating to Bitcoin and where are your sources for this?

@NewUser688442 said in Far less risky product:

@ocs123 We are nowhere near the peak of this bullrun. This bullrun has in fact just started.

No one is selling right now, you obviously don't know because you spent two seconds learning about it.

Theres plenty of uses, in the UK and everywhere in the world. One of them being protecting your purchasing power which is about to get annihilate by central governments

There's plenty of uses... but the only one you can mention is not a use at all! Thank you, you've confirmed there are no practical uses for it here in the UK. Maybe that will change one day, maybe not.

Anyway, please take my advice. Sell your bitcoin now and buy back in 6-12 months time when prices have fallen. You will be wealthier for it. You're welcome for the free advice.

@NewUser688442 said in Far less risky product:

@NorfolkCanary Again absolutely wrong. Bitcoin appeal is not about anonymity, it is exactly the opposite.

Regulation will only make it more legitimate to own, and it just so happens that there are a ton of people with a ton of money on the sidelines waiting for it to happen.

A ton of people with a ton of money!!! Like who exactly?