Zoom AAA #6: Ask Adam Anything: Freetrade CEO & Founder, Adam Dodds. 19th May @ 8PM

By that I mean, you can give it a fake email

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Yep can just type anything!

Okay, that seems to work. Zoom is terrible.

Thank you @Eden and @AJHY

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Yeah youā€™re only registering with Freetrade so they can see who attended, youā€™re not creating an account I donā€™t think.

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Shouldnā€™t the link be in the OP (@Lena) ? no ones going to find it? would be easier to find

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There is a significant move towards ethical investments. Do you plan any features that would make this easier?

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FT is now 2nd most trades on LSE after HL :tada::tada::clap:

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I was thinking AC/DC

Edit: for next time.

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Thanks everyone for joining! Adam and I had fun. We will diversify the Zoom meetups a bit more, and you can expect product and engineering related ones as well as more various team members popping up.

Donā€™t forget the AMA call with Draper Espritā€™s Chief Investment Officer Simon Cook at 8 PM on Thursday!

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Is there a recording or can anyone provide a summary of Main points on todays call please ?. Thanks

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Great AMA yesterday guys, thanks @Viktor and @adam!

Personally, amongst all the great discussions and info, the most pleasing thing I heard is that @adam shares my desire to see more ETFs in the stock universe!! We desperately need more ETFs!! Almost all of my requests in the community forum are for ETFsā€¦ @Viktor is it possible that a batch of ETFs can come with the new UK stocks later this year once the US stocks are added this coming week??

In the words of Arnold Schwarzeneggerā€¦ ā€œDO IT, DO IT NOWWWW!!!ā€

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One thing they did say yesterday was that those who pay for Plus will have a wider stock universe then those who have the Basic account

Edit: also features like limit orders would also be reserved for Plus customers

I agree. I think itā€™s a poor decision.

Adam also seemed to think that paying for Plus would be classed as the same as paying for Netflix, Spotify etc by customersā€¦ And the impression I got was as they charge approx Ā£10 so will FT.

I fear FT have misunderstood their customer demographic, especially as they keep saying that they donā€™t just want millennials.

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Iā€™ve not read too much of this thread and thoughts on the ama as I missed it, howeverā€¦

From the last few replies, why charge for limit orders, wider stock pool etc. When competitors are doing the same thing for free? Ā£9.99 is alot for the target audience, where they want fractional investments with spare change, or lower investment values?

Surely only people with a higher disposable amount of money to be able to invest will be able to afford 9.99 a month and not eat into their profits / available cash

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I donā€™t think 9.99 for a Bolt on service is a bad idea much cheaper than aj bell and Hargreaves in the longer picture.

I think so too for those with larger portfolios. Iā€™d hope there is another tier with slightly fewer additional features for those with portfolios of say a couple grand or so to be worth while for them. We may see that it is compelling for those with smaller portfolios too but will need to wait and see whatā€™s included

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If your portfolio is only a few thousand pounds then it makes no sense to be paying any fees whatsoever as the fees will massively impact your performance.

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Letā€™s see the Plusā€™ features first.

It might make sense to purchase it for a month to get access to limit orders, for example, even with a small portfolio.

The golden rule is always keep your costs below 1% of your portfolio. Otherwise it has to grow by roughly 3% every year just to maintain its real value. Given that many experts believe stocks will return 3-5% per annum over the coming decades it seems like a bad idea to put yourself at a disadvantage like that.

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Thatā€™s why I think a mid tier may still be attractive to many more people too but letā€™s see the features first.