Lots of āCosts and Chargesā pages set up on Freetrade for stocks not currently available in the stock universe.
Guessing these stocks are coming soon?
Lots of āCosts and Chargesā pages set up on Freetrade for stocks not currently available in the stock universe.
Guessing these stocks are coming soon?
Hey @finki
Thank you so much for posting this. Whether they come or not, this is interesting to skim through.
I am a very happy Freetrade user so donāt get me wrong in asking this, however I do get frustrated in coming across what looks like a promising stock only to find it isnāt yet in the FT stock universe.
Sure, we can request for a particular stock to be added, but that then becomes subject to a voting system which by definition advances a stockās case according to how high-profile the stock is.
I fancy myself as a value investor, looking for the hidden gems (of course at the moment everything is a value stock so itās all good - at the moment ā¦!). That sometimes means going for a stock thatās āoff the beaten trackā.
Recently I came across a German chemical company Lanxess AG (LNXSF) thatās listed on the OTC exchange. Apparently Warren Buffetās Berkshire Hathaway are an investor ā¦ Then there was Genasys Inc (GNSS), a US healthcare company listed on Nasdaq. This oneās bucking the market trend and is currently up 5.2% since 1 Jan 2020. Finally thereās Veeva Systems (VEEV) listed on the NYSE. This company provides proprietary equipment and software to the healthcare sector. Once again, this oneās up 7% since the start of this year.
Of course there are great stocks all over the place; and these three donāt represent a āmake-or-breakā for me. I also know I have the choice to use brokers other than FT. But I like Freetrade. I like the values, the UI, the communityā¦, and (ask my Mrs) Iām loyal through and through. Only one football team for me (MK Dons of course), and only one broker.
So, like many a football fan through the ages, I will wait for Jerusalem, Alpha, or whatever you want to call that great day when the FT stocks universe gets greatly expanded.
Meanwhile, can anyone explain why it is taking so long to happen? I just want to know something of the process, or obtain some understanding of where the bottleneck is. Is it regulatory? commercial? technological? Can anyone ease my angst on this question ā¦?
I like Freetrade for their values, community, etc too - but to wait for oneās chosen stocks to be added whilst the opportunity of a decade (lifetime?) plays out is just too much to ask, sorry.
I think a fair compromise would be to use a different broker for the foreseeable, then transfer back to Freetrade when they have the stock universe fleshed out.
Good point. I will probably do that. Thanks.
Hi @Plutyre47 and @deathwaltz, we can assure you that the new US stocks are definitely on their way!
The first phase will be 250, which you can read more about here. These include big names, and highly-requested stocks, like Virgin Galactic, Sonos and Costco.
This has taken a little longer than we expected, mainly from a technical perspective. The work is quite closely linked to our development work for fractionals, which @Duncan gave an update on a few days ago:
Thanks for your patience, and weāll update you as soon as we have more news!
Hi @Freetrade_Team thanks for the conformation re: the next batch of stocks are still coming in a few weeks. Please could we have a list of them. If it is 250 I assume you know what they are? I know Kinki put a list of possibles on the forum recently.
thanks, Sam. I suppose I skipped past those updates without reading them.
As it says at the start of @Duncanās article, it wasnāt that long ago when the mere idea of free stock investing would have been considered fantastical. Now here we are, and already taking it not only for granted but clamouring for more, more, more.
Youāve been good enough to explain it has to do with overcoming the challenges of building your own proprietary software in order to maintain integrity with FTās founding principles; thatās all I wanted to know. Iāll wait patiently and continue cheering you on from the sidelines. Thanks.
Magic
Haha oooops sorry @Finki! Many apologies. This reminds me of a story from my childhood. Year 7 IT class. The teacher asked us to set up IT accounts on the computers which of course needed a password. He said once we had set these up he would come around and write our password down in case we forgot them - this was big deal and a big moment as I had never done anything like this before (this is roughly 1997). As a Manchester City fan, at the time, my favourite player was a Georgian legend called Georgio Kinkladze. So I tried to enter Kinkladze (giggity) as my password. However much to my frustration this was rejected for being too long. I tried a shortened nickname that I used to use for Kinkladze and bosh it worked.Sorted. When the IT teacher, Mr Trevors, came to take my password I wrote it down on a piece of paper for him, as everyone else had. However, instead of simply moving on to the next student, he looked at what I had written and asked me to step outside with him. He asked me why I had chosen the password I had, I simply explained that I tried to use Kinkladze as my password after my favourite Man City player, so that it is easy to remember, but it was too many characters so I have used his nickname. He looked down at the piece of paper and then looked slightly relieved, he smiled said that was fine and we walked back in. I was so puzzled as to what had just happened, I did not ask what the issue was, I was very shy (then), so I just cracked on. But as a chronic over thinker, even as a youngster, this was something that stuck in my mind for a really long time as being really strange behaviour from Mr Trevors. It was literally years later, for no real reason that the penny dropped that I had written Kinky down on the piece of paper. And then it all made sense.
I have plenty of stories like this. If anyone else suffers from chronic insomnia, do let me know.
Hi Can you please add Illumina stock, this company is making major strides in its industry.
Any news on European stocks? LVMH, Danone, Nestle etc?
The first rule of the virtual meetup.
We can confirm itās in the 250 batch.
what have i missed
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