Hey Chris, did my first transaction just now! Once you confirm it (Touch/Face ID or, assuming, your PIN), the first screen comes up where Freetrades sends your order. Then your queue for the end-of-the-day transaction is confirmed.
I’ve given it a first go at creating a portfolio that is risk-diversified using Risk Parity (what Ray Dalio’s All Weather portfolio uses) using the top 10 trending stocks (using a simple momentum strategy) as my universe.
Disclaimer: use at your own risk, not investment advice, performed purely for testing purposes
It’d be awesome to be able to perform such allocation automatically with Freetrade, or have an API to get data (this uses Yahoo) and contribute such algorithms.
In any case, this is just to show that one can create a risk-diversified portfolio that shouldn’t move too much with recessions, and pay no fees to set it up with Freetrade! I’m very excited.
I usually try stay about 95% global stock and bond trackers, roughly in a 60:40 ratio. And 5% more punchy stuff - crowdequity, tech stocks and so on.
The fiddling with the 5% helps me stay disciplined with the 95%. (That’s what I mutter to myself as I wonder whether those Chinese internet stocks will rebound, or look at wind farm bonds on Abundance etc etc).