“Disgusting” is an unnecessary exaggeration. It’s annoying but let’s keep a bit of perspective.
Best posts made by playingcards1
RE: Are we going to get paid interest on unpaid divs
RE: It's just gambling now
@Metropolis_山の中の市 The Index used to be a lot more volatile when it was just the Top 200 and based purely on media buzz. This meant money would shift rapidly to the flavour of the month. And because there was no PB underwriting their value, a player whose media pull threatened to disappear would almost immediately render them worthless.
Obviously most of the non-Premier League players had very little value (40-80p) because they rarely pick up media. But players like James Rodriguez went to £3 based simply on the rumour of a move to Man Utd and then dropped to £1 within a day when he moved to Bayern. The biggest crash was when Antoine Griezmann (after climbing streadily to over £6) simply tweeted: “Atlético. Now more than ever”. His value plummeted instantly to about £1.50.
And then there was the time that FI created PB to replace permanent treble MB, but said all players would be eligible to “win” even if they couldn’t be bought on the Index. The bottom dropped out the premium players almost instantly. Ultimately FI restored PB to the Top 200 - and released IPOs to the squad incrementally - but people lost thousands of pounds within about an hour.
I’ve been on the for Index two years; and I’m more confident than ever that this product is going places. I’ve lost some money in the last week. But it’s still early days, the company are still experimenting and growing, and I don’t mind a general market trend that gives me £10 but then takes £1 back every now and then. Keep faith in FI to get it right eventually, and keep faith in your long term picks. They’ll bounce back and be worth a lot more by Christmas.
RE: It's just gambling now
Ach I disagree. This is a minor little blip. The big long term picks are still viable and profitable.
FI are not going to kill the golden goose. If these prevailing market sentiments continue to drag the Footie downwards, the trial will be written off in November and they’ll find something better next time. They always get it right eventually.
Not sure how long you guys have been on FI but there have been many more volatile periods and market crashes in the past few years. We’re still at the beginning of the journey and there’s plenty more growth to come!
RE: Mariano Mistske
Listen mate, I'm trying to do you a favour. If Diaz is your biggest holding then you need to reevaluate your understanding of how this platform works.
Purely because you invited me to say “I told you so” ;)
In all seriousness, this thread is worth reading through in the context of Mariano’s move - and I think it bolsters the argument that a good player can still be a good investment, even if their PB scores are poor. It’s just about spotting the talent at the right time, and showing a bit of patience.
RE: FI is not a market, is a booker who charges 5% spread + 2% comm.
@EMBO90 so that's my calculation:
You mande £500 on divivends
But paid 7% (spread+comm) over the 20k invested: £-1.4k (remember you will need to sell your position)
You only have profit because of price action. Not because of dividens.
The value (dividends) are too low compared to prices and costs.
Mate you've lost the plot.
You should always aim to market sell to avoid paying the 5% spread. ALL your arguments so far seem blind to the existence of market sell.
He bought them 6 months ago. He could hold them for another 2 years 6 months and KEEP accumulating dividends PLUS get a good resale price if he bought an improving option for other traders.
All you really need to do to make money on FI is make sure you have a desirable asset that returns more than 2% of its price over the course of 3 years.
RE: Newbie Alert
Absolutely agree. Be fearful when others are greedy, and greedy when others are fearful.
I guess we’ve both been on here long enough to see trends come and go, and how difficult it is to swim against the tide - or even just hold your nerve and stick to your strategy - when you see other portfolios climbing at 5% growth a day whilst your own is stagnant or up 0.1%. (The flipside of this is of course being insulated when those same portfolios are dropping at the same rate).
I am a bit worried that a lot of new traders are going to be massively burned from over investing at the top of the market. There are excellent reasons to put money into Sancho, Dembele, Vinicius, etc etc. But they come with inherent risk and the possibility of sudden crashes, and I fear that too much “get rich quick” attitude will cause people to get greedy, concentrate all their funds in the same place, and then run around complaining about how Football Index is a scam when the market switches to decide that cheap defenders hold the real value and then 20% of their portfolio value is wiped out.
Spread the risk and diversify. Swim against the tide!
Latest posts made by playingcards1
RE: Who is the player you've had the most CA from?
@playingcards1 wow now that is some roi! When did you get on for that price?
The day he IPOd in late November 2017, so well over two years ago. It was a very different market back then though; that was quite a big price for an unproven 17yo.
RE: Who is the player you've had the most CA from?
Bought 450 Sancho at 34p and he's now trading at £7.81... so my £153 is now worth £3515 plus £91 in dividends.
It's phenomenal (over 2000% ROI) but all I can think about is that I should have bought more.
I've also had brilliant CA from Foden, Neymar, Goretzka, and Reiss Nelson.
RE: if Messi was like 27 and European
Messi is a complete phenomenon, but we've seen what happened to Ibrahimovic a few years ago, and what is happening to CR7 right now... everything going very very well, until suddenly it isn't.
I'd love to justify the risk and enjoy the steady stream of dividends, but have a personal rule that I'll only buy a premium player if I'm confident they'll be worth more in one year time, and I really don't have that confidence with Messi.
RE: Wylan Cyprien?
My problem with Cyprien is where he goes from here? There’s obviously a good player with PB potential in there whilst everything goes through him at Nice, but it seems like he’s a player destined for a random January move to Newcastle...
It’s not so long ago that Jean Michel Seri was hailed as the second coming of Christ on FI; and now he’s ploughing a lonely furrow at Galatasaray. So I might call this horribly wrong, but Cyprien is not one for me!
RE: Regrets XI FC
Oh my god too many. I sold the equivalent of 300 Messi for 50p a few years ago, having bought at 25p.
And 300 Mbappe for about 70p after buying for 40p. The list goes on and on.
One of the most painful things about Football Index is having to look at player trading for ten times what I first bought them for; and knowing I’d be exceedingly rich if I’d seen the scale of potential in the Index and lumped my savings into long term holds like others did.
RE: How to get back from time-out
Surely the point is that you always wanted a hard timeout. You only decided it should actually be a soft timeout when the circumstances changed.
The point of self-exclusion is that you need a timeout from gambling regardless of the circumstances changing or staying the same... 🙃
RE: Has there been a dividend policy review before?
Sort of. The announcement has always been a new earning stream (IPDs / PB) or increase in dividends (treble media / share split) so it’s only ever really been positive news.
But there have been short term dips after both IPDs and PB opening though, as they realised some of their holds are suddenly worth relatively less - or there was more money to be made elsewhere. When IPDs were introduced defenders got savaged as everyone moved money towards strikers. So traders with defender heavy portfolios got rather pissed off.
After PB was introduced FI initially announced that any player could “win” even if they weren’t yet on the database; which basically crashed the market until they reversed it.