I mentioned in my blog post last week that we were planning lots of improvements to help you make smarter, better-informed investing decisions
Collections are one of these, theyâre bundles of stocks that match a theme. So if you have an interest in a certain sector of the market or you want to invest in companies that have particular characteristics, youâll be able to find them easily here. And of course, weâll have some fun with these too
Weâve recently added Quick Filters to the discover tab too, filters are intended to help you search for things that youâre looking for faster (weâre working on improving these too, donât worry). Whereas Collections should provide inspiration to check out stocks that you might not have considered investing in before.
Weâve come up with a shortlist of some initial Collections that weâd like to start testing in the app first. Weâve started with a more serious list because we want to make sure that we add value rather than clutter. These will be put together by hand at first, which is why we havenât included something like the top 5 most bought stocks this week, for example.
To help us narrow down the list further, please vote for up to 5 of the Collections that youâd like us to add to the app first.
Big tech
Fashion
Media
Online retail
Food and drink
Money Money Money
UK tech
Big pharma
Commodities
High street
0voters
This is just the start for this feature and weâll be adding more in the future Let us know your thoughts and suggestions for other Collections in this thread as we will be testing, and iterating this feature.
Add them all! (except High Street, these are not future-proof)
I also assumed that âMoney Money Moneyâ category is Finance, and if it is, it would probably make more sense to call it that. Money Money Money can also associate with Apple (huge earnings, $250bn cash), Facebook (huge earnings, $50bn cash), Walmart (huge revenues, $500bn per annum) or any other rich entity not related to Finance.
Not sure, but therein lies the problem. Donât think you have many.
But assuming that some companies can straddle multiple categories, Tesla could be in Transport (if youâd had a category like that), Big Tech and CleanTech.
I would associate renewable energy, shift from fossil fuel to electric, more sustainable materials, etcetera to fall in CleanTech.
You raise an interesting point. @Freetrade_Team1 with Apple getting into credit would it be included in the Finance filter? How leniently are you deciding what fits into what category?
Yeah, no point having a Cleantech tag that points at nothing.
But yes FT should add more cleantech/eco/sustainable/SRI/ESG/ethical/impact stocks and ETFs. I realise that these terms donât all mean the same thing but agree with @Marsares - it feels like a gap currently.
Iâd like to see Denfense (Boeing, BAE, Lockheed Martin, etc). I also think Transportation (National Express, Airlines etc) and Automotive (Aston Martin, Tesla, VW etc) will be good once more stocks are added.
But can we avoid having stupid names e.g Money Money Money? Just call it Banking or Financial Institutions. I find it cringey.
This is a tricky one because we donât support the nationality declarations that a lot of these stocks require yet.
The same goes for airlines but aside from that, weâd definitely consider these.
I canât promise anything here, we believe that putting some fun into Freetrade is important, weâve written more about this here. They might not be for everyone but weâll do our best to come up with genuinely amusing, rather than cringeworthy, titles One of the reasons why we started with more serious collections was to make sure that they really add value though and thatâs always going to be a top priority.
Thanks for the info, I didnât realise there was complications for Nationalities.
I get that thereâs a fine line between being fun and cringey, and different people will have different views where that is, but if it means itâs not immediately obvious what the collection is for then Iâd be against it.
Hereâs a suggestion for the next shortlist - Sin.
In a downturn, sin stocks are typically resilient. It is the opposite of ethical investing. People canât quit their products because theyâre addicted. There are already some tobacco, alcohol, and gambling companies in Discover, if more are added, this is a good way of categorising them.