Freetrade in the news šŸ—žļø

Indeed. He was only there for 6 months according to LinkedIn. So itā€™s the HL side thatā€™s more significant.

HLā€™s app is really good. But their website still feels very retro.

Thanks everyone - happy to be on board! :muscle:

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nice addition maybe :o I donā€™t see the point in Monzo but many people seem to do it so apparently like the product

You donā€™t see the point in Monzo?

Go on, indulge me some more?

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The investment choice offered by HL is impressive - virtually every fund, share or ETF you could think of, some of which with a discounted charge.

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11 posts were split to a new topic: USPā€™s in banking

Is it just me or Monzo missed the trick by providing a stock & shares options for their customers? Bigger slice of the market for Freetrade then.

There were talks at one point of some kind of Freetrade tie up. Donā€™t know what happened in the end though.

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Thatā€™s interesting, thatā€™s news to me. I personally think Monzo are stuck for quite some time now and having Freetrade as a partner wouldā€™ve been a good opportunity for them. Freetrade could benefit as well however I think boat has sailed. Especially since Monzo looks towards US expansion and Freetrade towards EU.

Definitely read it somewhere but canā€™t find it atm.

Sort of mentioned here. @Peter might know better as afaik it was his thread that prompted the discussion.

There were some rumours of some form of tie up between Monzo and Freetrade a while back - and I think some folk even found reference to Monzo when tearing down the Freetrade app. I think that is all in the past and came to nothing, though.

More generally, I set out my thoughts on how Monzo and Freetrade might work together here. But this quote from @Duncan in the latest article seems to suggest that this isnā€™t a direction that Monzo wants to go on right now. (If accurate, I think thatā€™s a great shame, but it is what it is):

ā€œFundamentally thereā€™s a big opportunity in the investment market,ā€ Leslie (pictured) told AltFi .

ā€œIt was something I was passionate about at Hargreaves, but it was difficult to enact that vision. Monzoā€™s plans changed, a while back they were clear they wanted to become the financial hub in peopleā€™s lives, but that doesnā€™t seem to be the case any more.ā€

I guess Monzoā€™s biggest ambition is US now.

All these financial hub initiatives sound good on paper, but to switch energy provider or choose a broker inside Monzo app? I myself wonā€™t like that. Apps need to specialise in what they do. Starlingā€™s marketplace strategy sounds good on paper but I never actually use it because I find the UX confusing or bloated

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Good mention in the Metro today.

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Thank you for sharing.

Isnā€™t that very high investment for such a low salary? Good for him.

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Ā£37,000pa is not a low salary and Ā£750pcm is (circumstantially) doable on this salary:

The median income - or 50th percentile - is Ā£24,897 and for full-time employees itā€™s Ā£30,353.

The average, or mean, earnings for a full-time worker are Ā£37,428 per year. This is higher than the median because a relatively small number of very high earners skew the figures.

These numbers are taken from a survey of 180,000 people for the Office for National Statistics. Importantly, they do not include the significant proportion of the population that does not work - retired people, the unemployed and those not seeking work.

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Thank you for the data and thatā€™s what I see around me as well.

This person puts me to shame with his diligence to pay himself first.

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Freetradeā€™s @Ian did not stick the knife in. Itā€™s good that Freetrade are appearing in the press commenting on related stories.

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:thinking: CNBC reads Freetradeā€™s community forum?!

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Also, not a shameless plug for Freetrade :clap: Not free PR at all :ghost: Good comments from @Ian

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maybe someone at CNBC reached out to the competitors for comments. itā€™s quite common