Debenhams Good deal?

Weren’t McDonald’s, Tesla, Walmart et al added on the same day?

Is Berkshire Group Holdings different to the one already in app?

I think you will find a lot of professional and well informed investors put money with Hargreaves Lansdown. These are people with experience in the market, CFAs, masters in finance etc, who can stock pick. Freetrade appeals to a younger crowd, who may or may not know what they are doing.

Some people have asked for AIM shares also, and let’s be honest nothing is more risky and crooked than AIM - what do you think should they offer them or not? What about shares that deal in tobacco and alcohol? Where should freetrade step in and decide what you can and cannot do with your money?

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Yes, Berkeley Group Holdings is a housebuilder trading at 6 times earnings in a brexit storm, yet Freetrade don’t have it. Berkshire Hathaway is Warren Buffett’s company.

AIM is a casino, but it’s just weird to have an initially batch of shares that includes Debenhams. When every man and his dog who works in finance knows the hedge funds are shorting that stock to the ground.

We’re no better at predicting the future than anyone else so we will add a wide variety of stocks. Unfortunately some of them won’t do well & that’s simply the nature of the stock market.

We’ll also do our best to help investors understand the risks involved in investing & to educate anyone who’s newer to investing about practises like diversification. We plan to improve the app to help with this too.

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Can’t see a stock request for them :thinking:

But can I ask, did people upvote Debenhams to be put in the initial batch?

No one knows about Berkeley Group Holdings, it’s not exactly famous like Apple or Microsoft. But I do hope one day they list them.

Does it matter? Freetrade are here to provide us access to the market. Not to protect us.

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I think there should be a level of responsibility to protect new investors.

It’s unfortunate people got caught by Debenhams, I truly feel for them as I have myself bought some real stinkers in the past and lost plenty of cash.

But people need to look before they leap and do some research, even a little. e.g. as you mentioned a sudden sp drop is a big warning (though it hasn’t encouraged me to sell my Sound shares … so I might get burned again)

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That could be construed as investment advice.

Imagine if Freetrade restricted access to stocks they considered volatile like Debenhams? I want to buy it cheap because I think it’ll rocket up. I can’t because I’m being protected?

No thanks.

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I don’t have time to monitor this conversations, reply to accusations or explain our obligations at the moment so I’m going to close this conversation until tomorrow.

Needless to say we want to ensure that our customers aren’t exposed to unreasonable risk which is why we’ve decided not to offer functionality like leverage for example.

Hopefully a break will give people time to cool down too. I’ll follow up with anyone who wants to discuss this further then.

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No stock is a guarantee success, be it FTSE 100 or AIM. Personally, I’d love to see AIM on Freetrade, people need to do their own research, this isn’t a get rich quick scheme.

Thanks for all the help Freetrade regarding DEB, being quite new, I wasn’t sure if I’d get the cash back, good to know I will at some point!

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I think the amount Freetrades tries to educate people on the risks is enough.

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This a free trading area in a free market. Not a toddlers group. We don’t need to be told which shares we are allowed to buy. Eventually I would hope every single share will be available on free trade that you could buy on any other established platform.

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I invested in Debenhams as a newcomer to Freetrade. Debenhams became my most researched stock in the time I held it as I knew it was either going to get supported by Sports Direct or (the most likely option) crash and burn. I held out until I saw that it wasn’t going to happen with Mike and I sold on Monday and the legally binding trade completed and I will get back the money invested as stated above.

I learnt more about trading following Debenhams for 2-3 weeks than I had previously. I will use my knowledge gained tracking Debenhams to keep an eye on my other stocks.

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