Indeed. He was only there for 6 months according to LinkedIn. So itās the HL side thatās more significant.
HLās app is really good. But their website still feels very retro.
Indeed. He was only there for 6 months according to LinkedIn. So itās the HL side thatās more significant.
HLās app is really good. But their website still feels very retro.
Thanks everyone - happy to be on board!
nice addition maybe :o I donāt see the point in Monzo but many people seem to do it so apparently like the product
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.
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. Donāt know what happened in the end though.
Thatās interesting, thatās news to me. I personally think Monzo are stuck for quite some time now and having Freetrade as a partner wouldāve 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 canāt 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 isnāt a direction that Monzo wants to go on right now. (If accurate, I think thatās a great shame, but it is what it is):
āFundamentally thereās a big opportunity in the investment market,ā Leslie (pictured) told AltFi .
āIt was something I was passionate about at Hargreaves, but it was difficult to enact that vision. Monzoās plans changed, a while back they were clear they wanted to become the financial hub in peopleās lives, but that doesnāt seem to be the case any more.ā
I guess Monzoās 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 wonāt like that. Apps need to specialise in what they do. Starlingās marketplace strategy sounds good on paper but I never actually use it because I find the UX confusing or bloated
Good mention in the Metro today.
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 itās 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.
Thank you for the data and thatās what I see around me as well.
This person puts me to shame with his diligence to pay himself first.
Freetradeās @Ian did not stick the knife in. Itās good that Freetrade are appearing in the press commenting on related stories.
CNBC reads Freetradeās community forum?!
maybe someone at CNBC reached out to the competitors for comments. itās quite common