Football Index

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For me, it's still a stock market and I'd rather stay away from that sort of thing. You aren't going to beat the system or know better than everybody else, as everybody you're competing against has the exact same idea.

If you wish to indulge in it, then do so. But only put in what you can afford and never chase wins. It's the same with any similar market, regardless of how it's dressed up

I wonder if there's some decent female scouts looking for the next big thing to latch on to as a WAG

Look upon unknowns as penny shares.

Small bets and hope some unknown makes it to a decent few millions pounds worth of a move. Low risk spread. Losses minimal but with ever increasing transfer fees one might make it through.

comment by Gingernuts (U2992)
posted 31 minutes ago
Look upon unknowns as penny shares.

Small bets and hope some unknown makes it to a decent few millions pounds worth of a move. Low risk spread. Losses minimal but with ever increasing transfer fees one might make it through.
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Also worth understanding bid/ask spread, if you aren't planning on holding them long. As many penny shares can only get sold immediately at 15% below what you bought them. But either way it's a far better place to put your money as opposed to football index

comment by Admin1 (U1)
posted 1 minute ago
comment by Gingernuts (U2992)
posted 31 minutes ago
Look upon unknowns as penny shares.

Small bets and hope some unknown makes it to a decent few millions pounds worth of a move. Low risk spread. Losses minimal but with ever increasing transfer fees one might make it through.
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Also worth understanding bid/ask spread, if you aren't planning on holding them long. As many penny shares can only get sold immediately at 15% below what you bought them. But either way it's a far better place to put your money as opposed to football index
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And far less risk in terms of potential losses if you treat them as they are described. Pennies. Maybe a few £. Nothing you’ll miss

It's all relative as to how much you can make from it so have to consider in % terms. I've been on it for just shy of 2 years now and I've had a 90% return so nearly doubled my money.

It was money which was previously sat in the bank earning 1% interest so it's fair to say I'm pretty delighted by these returns. Of course there is an element of risk as with any investment seeking higher returns but I've lost money in traditional stocks in the meantime and I know 10 or so people also on FI and nobody has lost any money (yet).

I would add that the platform has been considerably more volatile over the past 2 months which I think has come from an influx of new traders seeking a quick buck treating it as though it's a betting site, which it clearly isn't when you've got your head around it all, irrespective of it being registered with the gambling commission.

In summary would I recommend it - absolutely if you have an interest in football and some spare cash. I would always start small to get a feel for the market dynamics however as everyone I know has made a poor buy or two at the start before fully understanding how it works and what drives prices.

All I know is that I signed up to it years ago when there was some promotion if you put £10 in they added another £10 to your account to start off.

I made about 13 pence and got bored a week later and it let me withdraw the whole £20.13 (would've thought the tenner they added would be ruled out of cashing out).

Decent concept.

comment by Admin1 (U1)
posted 17 hours, 20 minutes ago

You'd be far better researching AIM shares and companies that operate in little understood niches
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AIM is a cesspit, very few successful companies, I'd be wary as you can do as much research as you want but it's still mostly luck over judgement.

I joined Football Index in May with a bit of spare cash to try it out.

Since then I haven't put any money into my stocks/shares ISA as although FI is a betting platform it feels less of a gamble than markets (such as AIM).

A little early to have give a definitive opinion but in 5 months on FI I'm seeing a 10% return.
So far I've only bought players (which you can hold for up to 3 years before selling) and the gains have been from capital appreciation and dividends paid on goals scored, assists, performance and media.

My regular share portfolio in contrast after investing for 8 years is massively down.