Freetrade in the news đŸ—žïž

That’s true but say it’s my rainy day fund I could use that since it’s such a short time I can get my cash back in a month with some interest vs waiting 1 to 2 years for it in a bank. Of course you shouldn’t iock away any cash you might need but this gives you the option to kinda grab savings from accounts you wouldn’t normally use bevause as stated its a month.

Tend to agree - if they’re not available within tax free wrappers and the profit is taxed as income I’m struggling to see an advantage over a 5% instant access saving account. Another new feature that nobody seemed to be asking for.

4 Likes

This bit confuses me.

Deeply discounted is if it’s 0.5% or more below it’s redemption value? But if these are shoeing an annualised interest of 5.2% but are on a 28 day redemption, then that suggests a discount on redemption of 0.4%?

There must be more in the regs but that tome says they aren’t captured.

I probably won’t read the regs though :joy:

Are there any plans to place within an ISA and SIPP? Would they even be eligible?

1 Like

I believe it is not allowed, the interest is taxable.
There is a slight advantage since tax rate on shares and these is slightly less than interest from bank savings.

2 Likes

Includes Freetrade’s Alex Campbell and his stock picks for 2024.

6 Likes

Paywall

Opens fine for me? Using the freetrade forum link direct?

If you are a member of a library you get free access to pressreader where you can see the telegraph along with lots of other publications digitally for free.

2 Likes

Burberry & Pfizer were Alex’s tips.

Definitely not advice :joy:

8 Likes

What did you say about Burberry? :slight_smile:

Im not overly convinced of Burberry, seems to be a reliant on the Chinese market wanting luxury Western brand and take over has been talked about for a few years now but nothing materialised.

I once had a Burberry scarf when they were popular.I found them to be too long and the brand became a bit Chavy.

4 Likes

Couldn’t agree more,once a luxury brand has been labled “chav” it’s finished

1 Like

It was chavy when I was growing up and I’m 36 now lol, also actual neds/chavs wore the cheap knock off stuff that was just a copy cat of burberry.

It’s deemed chavy here to some but not globally, which is the market they mostly aim for and where they make most of their money from.

1 Like

Yeah it’s just the baseball caps mostly but they make way more stuff than just that.

This didn’t help in the UK.
dw

4 Likes

Latest issues of MoneyWeek
Fintech has found its feet

The ascendancy of fintech has
also helped ensure that private
investors have gained access
to UK Treasury bills.

This is where the upstart
online broker Freetrade comes
in. The platform last month
launched a service whereby UK
investors can keep investing in
UK Treasury bills on a rollover
basis and generate a very secure,
high yield.

@acamp

7 Likes

Girl on the right ohhhhh yaaaaa, love a gal all burbbered out her nostrils.