Definitely. I understand their cautiousness on this matter but the market will take a matter of days or weeks to catch up with any introduction of this nature.
It’s just a game of we’ll stretch the market and you guys fill it in.
Adam Cole would need so many rockets if this happened he’d be the US’s most valued trade partner.
Not a bad day yesterday at all lots of general rises across the index. Also took the opportunity to sell some holds yesterday with the likes of Benzema, Morata, Thauvin, Coady and Brekalo. All listed on the 30th, and all sold so there seems to be plenty of liquidity at the moment. The markets in good health heading into 2020.
Ok so I thought I'd got it, but you guys have thrown up some things I hadn't considered.
So, are we expecting order books AS WELL AS a simple buy/sell option to coexist?
If that is the case, the thing that is really twisting my melon man is, what price is displayed on your holds when you check your portfolio?
It's no bleedin wonder these order books are taking forever to be implemented by FI - it's a logistical nightmare!
No the buy price will be exactly as it is - unless you buy from someone who is looking to sell.
In which case your personal buy price will be lower.
Your portfolio will calculate the 'official' buy price - not off someone who will accept lower in the sell queue.
I did a thread on it @ScouseSte about 7-10 days ago - have a read. 👍
OK so let's say Messi is £6.10 but you put him up in the order book queue for £6.05 cos you want out - I quickly notice and buy all 300 off you.
In my portfolio it will show the buy price as £6.05 but I'll immediately be up £15 because the current general price is £6.10. That how you see it?
Yes. That is EXACTLY what will happen.
The seller chose to take less than value. You & everyone's holds are not affected.
I try to keep my port around 40 players with a mixture of players across the board, always buy more in the cheaper players though, try to keep top end around same hold number because of reasons you said.
@ScouseSte look at his wording though he references a long term loyalty scheme which was mentioned alongside rewarding consistent PB performers. He has dodged the question. Many on twitter have picked up on this and continued to ask but with no response
These are things they are committed to improve as it says and not ambitions as the tweet says. The loyalty reward scheme was something else entirely
Nevermind i got it app hadnt updated. The percentage on the total profit is calculated on total deposits rather than net deposits which seems a bit odd as it skews mine a bit as i have withdrawn money and put back in over time. The actual money figure is correct though. Nice little addit all the same