Football Index - Maybe a better money maker than a bond?

[Vazzza 62]

So you''ve probably been thinking about whether you want to buy bonds at £500 a piece. Why not have a punt at Football Index instead (or as well of course). Its risk free for new user as well as your intial deposit of up to £500 can be fully credited back to you within a week if you decide you don''t like it, or of course if you make terrible investments.If you don''t know anything about it, its effectively a stock market but you are trading stocks (or futures) in football players. Dividends are paid on match days for the best player in each poistion and the player who has been in the media the most. Only players in the top league in their respective country can win Match Day Dividends. Players value increase/decrease with people buying and selling. The market is growing nearly every month with more and more people getting invovled and being rolled out to more countries worldwide. To give you an idea, Neymar was £2.50 this time last year, he is now worth over £10. So if you invested £2,500 in Neymar this time last year, you''d now be sitting on stock worth over £10,000.I bought 75 futures in Maddison with the plan of holding him until he gets his big money move and value increases. Cost me £1.36 at the time (about a month ago) and is now worth £1.53 each, so already a small profit there. Done the same with 100 futures in Gunn (Although best to avoid Keepers really as they very rarely win dividends as they are lumped in with Defenders), he cost me £0.50 on his IPO, now worth £0.53.The player pool is limited, with mainly players from only top divisions of European leagues, so if you know the next best thing currently in League 2 you aren''t going to be able to trade on them. However players from lower leagues who are making waves (such as Maddison) are given an IPO. I can''t remember exactly but believe this is weekly.I''ve been using it for about a month now and it to me it looks hard to make massive profits (and losses) quickly, however it defintiely looks like it can be done as there are people on Twitter screen shotting their portfolios of £100k+

[hogesar 10,753]

Yeah I joined at the beginning (ish) but annoyingly wasn''t sure on it''s future so only bought silly small amounts. It''s still quite good though - there is money to be made but it''s not a quick thing really.

[Bill 1,788]

"So you''ve probably been thinking about whether you want to buy bonds at £500 a piece"err no, you buy the one bond, they are NOT sold as multiplesUnlike the stock market the guff you are peddling is not determined by buyers, but by some cretin deciding who has had the most coverage in the media (among other stuff).Boiled down this is basically a pyramid scheme that works as long as their are enough mugs to join in. Any ''value'' is therefore dependent not on ANYTHING tangible but on a willingness of others to be just as stupid.

[Vazzza 62]

Dude, i''m not peddling anything. Take it or leave it, makes no difference to me! I have no affiliation with them what so ever. It''s just a bit of fun that I find pretty interesting.Even if you aren''t interested take a quick look into it, it couldn''t be further from a pyramid scheme if it tried.You are right in one respect, the value isn''t dependable on anything tangible (unless you class a football players form and health as something tangible), but nor are bitcoins and look at how much money people are throwing into that...

[Bill 1,788]

[quote user="Vazzza"]Dude, i''m not peddling anything. Take it or leave it, makes no difference to me! I have no affiliation with them what so ever. It''s just a bit of fun that I find pretty interesting.Even if you aren''t interested take a quick look into it, it couldn''t be further from a pyramid scheme if it tried.You are right in one respect, the value isn''t dependable on anything tangible (unless you class a football players form and health as something tangible), but nor are bitcoins and look at how much money people are throwing into that...[/quote]But it is not their ''form or health'' it is what someone else decides it is - therein lies the flaw. And the value is only what someone else will pay, give that rug a slight tug and down it all will come, as with Bitcoin.History is littered with these types of ''schemes'' and folk should remember that it was only those who sold the picks and shovels in the gold rush who were certain of making money.

[Vazzza 62]

The players intial price is set by football index in an "IPO", after

that they have no impact on what a player is worth as far as I''m aware,

its just dependant on how many shares are being bought and sold in that

given player. It''s all driven by the market, not Fotball Index. So form

and health are really the only driving factors (suppose transfer

speculation as well).Like I say, i''m new to it so it may be a

complete farce and one to avoid, but its pretty low risk (as far as I can see) and has very

good potential returns so worth a £150 test to myself. My portfolio is

now worth £180 after testing the water and finiding my feet a little.

[Badger 2,745]

I presume that the Football Index is aimed at being a profit-making venture and therefore the owners take "a cut" of the valuation changes?

[hogesar 10,753]

[quote user=" Badger"]I presume that the Football Index is aimed at being a profit-making venture and therefore the owners take "a cut" of the valuation changes?[/quote]

Yeah, I haven''t sold any ''shares'' in a player for a while but if I remember correctly they take a nominal fee.

[Bill 1,788]

Your ''portfolio'' is not worth £180.It is worth whatever someone will pay you for it, and that will not be known until AFTER you have sold it, which you haven''t.As to ''money making'' those who put money into the football bond have to do nothing as the interest is paid and the initial money is returned after five years.I would also suggest that if the amount of time spent on this by you was paid at the minimum wage you would actually be hundreds up.

[Vazzza 62]

[quote user=" Badger"]I presume that the Football Index is aimed at being a profit-making venture and therefore the owners take "a cut" of the valuation changes?[/quote]There are 2 ways to sell "Shares". The first is effectively to sell back

to Football index. Using Maddison as an example, current buy price is

£1.52 and sell price is £1.43. So you do need quite significant price

rise to make money if doing that, and seems to be people only sell this

way when they expect a crash (Kane and his injury as a good example,

wen''t down from around £10.50 to £9 overnight).You can also put

your shares into a sell queue with a selling value of your choice. When

someone else then buys this player Football Index take 2% and pay you

the rest.I''m sure they are making a very healthy living, lets put it that way...

[If wed only kept Howie.. 3]

Pi££ off OP...

you miss the point of the bond (or perhaps you don''t actually care)

[hogesar 10,753]

[quote user="Supermarket Sweep"]Your ''portfolio'' is not worth £180.It is worth whatever someone will pay you for it, and that will not be known until AFTER you have sold it, which you haven''t.[/quote]

No, but you get a live price to sell it - he could literally press ''sell now'' if he wanted to and the money would be straight with him.

It''s probably worth researching something a little before you comment.

[Vazzza 62]

[quote user="Supermarket Sweep"]Your ''portfolio'' is not worth £180.It is worth whatever someone will pay you for it, and that will not be known until AFTER you have sold it, which you haven''t.[/quote]I could sell my portfolio back to football index now for £164.58 and cash out, or as said in my last post sell for market value minus 2% (£176.40) if willing to wait a little longer. So yes the portfolio isn''t worth what it is as shares, but not miles off.[quote user="Supermarket Sweep"]I would also suggest that if the amount of time spent on this by you was

paid at the minimum wage you would actually be hundreds up.[/quote]I only really look at it at work so getting paid to play :)

[Vazzza 62]

I can''t seem to quote the person who told me to pi$$ off as i''ve missed the point of the bond as I get an error message, but below is my reply: -I''m waiting for all the info and risk (if there is any) to come out, but will imagine I''ll be doing the minimum £500, if not more. Maybe I shouldn''t have mentioned the bond in my OP and title, was just wanting to share something I''m having some fun with, it just seemed too much of a link in investing money into something...

[Bill 1,788]

Pyramid scam, Ponzi scheme.. call it what you want but that is what it amounts to.The Sock Market has tangible value ie the dividends generated by the company.This doesn''t, it relies on there being an ever increasing amount of idiots prepared to put money in, otherwise where would the ''profit'' come from given how nothing of any financial worth is generated.

[canarydan23 4,758]

"The Sock Market has tangible value ie the dividends generated by the company."

And the warmth it provides your feet.

[Bill 1,788]

oops, I shall have to check the footsie 100

[If wed only kept Howie.. 3]

or the Toe Jones?

[Bill 1,788]

Corny puns seem to be your stocking tradeHose interested in all this ?

[sonyc 6,144]

Interesting take on football investing Vazzza. I''ve looked at this in the past. It''s of course not an investment bond thing but is effectively a ''trade'' rather than merely a gamble. It''s similar to some forms of betting where you hedge your bets. In that instance your bet of course is always covered. This offer is also initially risk-free so your early involvement is covered in full if you lose, yet you keep winnings if you win. Certainly its worth you introducing the idea and don''t worry about negative posters here. FI is something I will continue to watch. Another poster did say you can ''earn'' more even on minimum wage when you consider the time needed to be active and monitor closely. That''s why I stopped betting...i was making consistent winnings but I had better things to do.