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.

I've managed to hit a major dividend milestone in the last few days!

Incredibly 45% of those dividends have come in the last 5 months. The first 55% took me 34 months! Even though my portfolio has grown in size over time, I think those percentages reflect just how much dividends have risen since last Summer and the incredible dividend yields on offer when player prices crumbled.

Also, it's pleasing to see the portfolio value (set on 'buy now') back in the green, after what has been a tough 10-11 months on the Index.

@NewUser120946

Unfortunately not. They’re all up for sale for around 20%+ higher than the current buy now price.

Hoping to catch some sales on rises, but nothing doing the last few weeks. The market just keeps flatlining.

Fingers crossed it leads to a few of my 62 players selling via the offers I’ve set on all of them.

So far I’ve sold a big fat Zero!

@Zaka_7

Yeah, true. There is no regulator checking that they are complying with their complicated T&Cs, so we only have FIs word that they’re only selling 1,000 a day or 30,000 in 30 days.

I imagine they’ve set up some code to remove offers when they hit the limit, but errors could easily occur and we’d never know.

@Zaka_7

No, that’s not correct.

They can ‘offer’ however many they like. The 1,000 futures per day limit only applies to to offers that are actually bought and it’s cumulative over 30 days.

So there is nothing to stop them offering 100,000 futures on a player, as long as they only sell 30,000 within any 30 day period.

Average all offers didn’t increase by 50% or more by just a few hundred or thousand futures being offered high up in the order books.

@Zaka_7

It likely that ‘in circulation’ means futures that have been sold to traders. If they included futures that they’ve offered (but not sold yet) the figures would be a lot higher I suspect.

As you mentioned the Average All Offers benchmark has risen hugely in the last few weeks and that must be because they’ve offered tens of thousands of futures on many players high up in the order book.

Plus if they’re including futures that are offered but not sold in the figures, then the figures would be pointless and misleading.

People need to wake up and realise that, as many of us warned, FI are now minting shares at any price point, which will make cap app harder to achieve than before.

@SDOAFIT

Yes, that makes sense, but this is FI we’re talking about, so you never know!

My port is going back down already, so that rise lasted long!

For now...

Nevertheless FI have made their point with their 'typo'. Criticise us and we will destroy you!

Check your brakes before you next drive your car.

You’re lucky that they’re only closing your account.

Some people who dare to complain wake up with a horse’s head in their bed or come home from work to find their house burned down!

@Decafruby6

Their T&Cs allow them to review dividends every June and January, and they also refer to adjusting dividends based on trading volumes.

Trading volumes are way down at the moment, so I’m assuming that the above will lead to a dividend drop in June or January.

It’s a guess, but based on FI’s recent decisions and their T&Cs, I think it’s a reasonable guess.

Part of me hopes that FI use the Q&A to categorically rule out any dividend reduction in 2021, which would help to improve my confidence in the market.