Execution-Only Stockbroking in the Digital Age with Adam Dodds CEO Freetrade 📻

[saf]

I wasn’t going to ask originally. Glad I did. Some very insightful comments.

@Vlad

Never liked (read: understood) Crypto

This is what makes most ‘investments’ in crytocurrencies highly speculative.

@Diversify

Anecdotally speaking, I did seek the “high” of smoking some crypto and it has led me down a path where I find myself as a Freetrade private equity investor and someone highly anticipating the app so that I can get into more solid Faang+ stocks/ETFs.

Thank you for this. Sorry to pry but regarding the barriers to entry/frictions for crypto are lower than traditional solid investments what barriers did you find? What changed?

@Viktor

This is one very clear trend for us, something the media hasn’t really reported on.

Thought you might have uncovered something. My original comment was looking at it from the perspectives of the Gamblers, Opportunists, and the Fanatics. Unsure how many of these would switch, but I’ll be watching a few people I’ve talked to that fit these categories and see if they change.

@Viktor

Now, from a technical point of view, you are probably right that cryptos are “different and detached from traditional investments”

My observation was more about the ‘anti’ people in cryptocurrencies. Super interested how these people are targeted.

@Viktor

For most people, investing is not isolated to one thing. If might start in one asset class, and they become open to others.

Agree. I’ve gone from Stocks, ETFs, Cryptocurrencies. And all sorts of assets in between.

@Viktor

one of my favourite threads here is investing in whisky

That was a interesting discussion. Cheers @stephen!

@PBrown

In fact half of them had actually entrusted some of their uni loans to one friend who was a lot more crypto-savvy in order get more returns from it.

The news should have shown some restraint instead of constantly re-enforcing the hype cycle which led to this and worse. They kept finding ‘experts’ who gave shallow observations. You might remember https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html

@PBrown

but if stocks were simple and easy then he would already have money in them.

Thank you. Sorry to pry but did that friend mean in terms of signing up or in terms of approachability?