DYOR and it helps to read first (thread is full of knowledge), comment later.
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Their homepage itself says âThe bonds are not FCA regulated products, and FSCS protection does not cover the bonds themselves. blah blah blah and to help build your trust in us we will place all of your money to be invested plus the full 12-months interest, in a separate trustee-controlled account on your behalfâ
If it was as safe as can be then they shouldnât have trouble getting FSCS protection rather than âdonât worry mate, weâll keep your money over here and promise not to touch it when weâre at risk of defaulting on creditorsâ. The people saying they wouldnât keep large amounts in Revolut definitely shouldnât be touching this given itâs a much smaller company in comparison
Does it makes sense for Freetrade to with 50,000 customers?
Besides, dozens is entering a much more competitive challenger- and incumbent- industry than Monzo, Starling & Revolut enjoyed in their earlier days. So for that reason they canât necessarily rely on organic growth or not differentiate themselves to get their name there. Theyâre playing catch-up at present and marketing helps.
With all due respect @ukcz, your last post is drivel thatâs been addressed multiple times & as Iâm not here to convince Iâll just leave it at that with you.
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https://www.instagram.com/p/B3CPKXWnuE4/
Highest bid was ÂŁ50,000, although it was unsuccessful, thatâs still someone placing 50k in the Dozens account for the bidding period.
It is utterly fucking ridiculous that someone saw the ÂŁ100,000 total issuance, and thought they could bag ÂŁ50,000 of it. When the original beta issuance of ÂŁ100,000 was held early in the year, before anyone had heard of them, the biggest winning bid was ÂŁ20,000.
I will bid a larger (but still modest amount) Octoberâs ÂŁ1M issuance, a portion of which will be reserved for Dozens shareholders, which I am not.
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When something looks too good to be trueâŠ
But if itâs even true, why are all these new fintechs with small userbases not exploring organic growth by offering a product so good itâs like Monzo in early days. Aggressive advertising and promotion at early stages is a bit of a red flag. If Dozens was a 5% savings account company it would make sense - but this is a customer acquisition cost, so how sticky is the user base going to be? The London Underground is full of Wealthify, Dozens, Anna, Tide ads.
Maybe one or two of them will eventually escape the competition.
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Dozens thematic investing is live now but the ÂŁ1,000 minimum comes across as strange.
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Strange language throughout. Description of the âspreadâ not exactly novice friendly - I suspect they meant âtransaction costâ but itâs unclear.
âStrategyâ really irks me.
But anything to get people investing. So, good on 'em. ÂŁ1000 barrier is a bit steep though and most of those ETFs (sorry, âstrategiesâ ) could easily be available on Freetrade.
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The entire strategy list:
IE00BZCQB185 iShares MSCI India UCITS ETF USD Acc
IE00B1XNHC34 iShares Global Clean Energy UCITS ETF USD
IE00BMP3HN93 UBS ETF - MSCI United Kingdom IMI Socially Responsible
IE00BYVJRP78 iShares MSCI EM SRI UCITS ETF USD (Acc)
IE00B4ND3602 iShares Physical Gold ETC
IE00BQWJFQ70 SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF
IE00B27YCN58 iShares MSCI World Islamic UCITS ETF USD
IE00BYZK4552 iShares Automation & Robotics UCITS ETF USD (Acc)
IE00BYPLS672 L&G Cyber Security UCITS ETF
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I think that they really should have included a plain FTSE 100 and S&P500 ETF in their list.
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Completely agree
Theyâd need a suitable âstrategyâ name though!
âGeneral mixed bagâ
âBig stuffâ
Just donât sound good do they?
Isnât it Wombat that dresses up a FTSE100 tracker a something like âBest of Britishâ or âFollower of Fashionâ or something equally stupid?
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I canât really think of anyone who will be investing thousands of pounds and wonât want to look further than a two word âstrategyâ title. This would make more sense if the minimum was ÂŁ10
The fund industry is full of long confusing names:
Source - https://www.fidelity.co.uk/fund-prices/
Fees from assets under management is the name of the game.
Bids for the second batch of bonds closed today. Total issuance of ÂŁ1,000,000 - with ÂŁ250,000 reserved for their shareholders. Big pot this time, but with a longer bidding period.
My bid for ÂŁ2,000 was accepted, Iâm not a shareholder. One shareholder had a bid of ÂŁ4,800 accepted, so I may have significantly underbid.
https://weare.dozens.com/t/the-dozens-bonds-are-back/1180/107
I suspected that I may have underbid after seeing their founderâs latest video, published a few days ago, which suggests that at that point the ÂŁ1M issuance was still not completely filled. Dozens has 20,000 users now, surprised theyâre not all bidding on what is really their flagship product right now.
That ÂŁ4800 bond was me! 
I just thought Iâd give it a go and see as it was a bumper month offeringâŠ
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It was mainly due to lots of customers missed out on last bidding when ÂŁ800 was the highest bid accepted (ÂŁ900 for one case which was submitted on day1). So in this round investors were very cautious including me so for safer side,I submitted low amount of bid despite the fact, I could have gone for more. But it is better to have something than to be sorry 
Late reply, but itâs because the product(s) is(are) shit. Theyâre all the same, offering nothing new, and are destined to collapse, or the lucky fw get bought.
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Iâve taken all my money out of Dozens. Decided to put my long term savings in Freetrade and short term savings are just staying in my Monzo account. I donât think the hassle of bidding every month is worth the few extra pennies of interest I would earn.
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Likewise⊠and Iâm a shareholder in Dozens. Iâm not a huge fan of the UI, either.
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