Sorry if I’m late to the party.
I’ve been on Freetrade’s waitlist since August 2017. Recieved the invite for the Beta testing on April fools 2019 and started straight away. With Freetrade I can invest my small savings without having to worry about trading fees. With my other provider I have to pay £11.95 per trade plus custody fees. I can only save for investing £50 to £100 per month. £11.95 it’s a huge shark size bite on my investment pie. And for that reason I try to place orders with them when I have at least £1000 available. By using Freetrade I can make those costs disappear like if it were magic. With Freetrade I can invest at no cost at all if I want to. But I want Freetrade to keep its doors open, hence I choose to place some instant £1 orders with them. And I can do this every month instead of having to wait a year to place an order.
I’m really glad Freetrade came about. I’m glad I found them. I grew up believing that to make money in the stock market a person would have to be a mathematical genius and practice very intensive active trading. Because of that I stayed away from stocks, out of fear of hurting myself. Every time someone would mention anything related with stocks I would freeze and wait for the topic to go away. I was convinced stocks were just too much for me.
In the summer of 2015 I asked myself why did I believe in that?!
Started to watch videos about investing in the stock market.
January 2016 started to read books about investing in the stock market. My previous beliefs vanished. Reading was also an humbling experience. They vanished because I’m now aware I can thrive on the stock market provided I follow some rules in a very disciplined fashion. An humbling experience for it became evident to me that indexing is the best I can aim for in my present circumstances. I still see me as a newbie in all things investing. It’s very hard for me to become a successful seasoned stock picker by reading books on my own only.
August 2017 joined Freetrade’s waitlist.
April 2019 start my Freetrade’s investing path with 3 ETFs, all focusing on dividends: S&P 500 Dividend Aristocrats, EURO STOXX Div 30 and UK Dividend. I like dividends. I also like growth. Now I’m only waiting for the ability to buy fractional shares to tackle growth. Now it’s just buy and hold, let it do the work, never sell, and hopefully I’ll have something to both support my retirement and to pass on to my children who are yet to be conceived