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I have held too large a tranche of IGG since I can't remember when; average cost £6.20.
The Julie Felix reign has been an unmitigated disaster for shareholders, if very rewarding for Julie Felix personally. Why do I write that? The numbers tell me.
IGG Annualised Total Return: 1Yr -9.53% 3Yr -2.36% 5Yr 0.65%
FTSE 100 ATR 1Yr 9.97% 3Yr 12.52% 5Yr 4.80%
I and all other shareholders would have been much better off with the money in a FT100 tracker. Tasty Trade was a hopeless buy and it has subsequently had huge amounts of cash thrown at it to try to hide/rectify that.
The whole BoD is culpable for letting this happen.
IGG sits in the "too cheap to sell bucket".
AceOfClubs
Not sure about your TastyTrade comment.
It was a disaster but it has, albeit accidently, become a huge asset in the wake of rising interest rates. There is now significant income through interest earned on US client money. Were we only the old outfit, we'd be seeing revenues decline.
Merchants Trust have it in their top ten holdings, obviously helps their generous dividend payout, but they do also have to consider the strength of the companies they invest in.
How will companies like IG (not to mention HL with its expensive fee structure) compete with the likes of eToro and Trade 212? Sorry if the question is too trivial
Because, IMO, IG is a far superior platform to those you mention. Again IMO, serious traders are less likely to use them versus the likes of IG. Deep pocket money, not the ever diminishing pool of small retail gamblers/traders that flourished during the Covid meme phase.
No question is too trivial (well, your one was not anyway!) so no need for apologies - and I could be wrong of course. GLA.
My sons both use etoro. They pay no fee , but they do say they pay more for the trade generally. Dont know too 6much about the background either, like who owns them. Dont know what size trades they take etc. not really concerned about fees on trades whether its £5 or £10 is pretty immaterial, its the service that counts.
My understanding is they tend to 'pay' through worse buy and sell prices. I think one of the similar US types also sold customer data as a further method of extracting profit from providing no trading fees.
But I cannot remember the specifics now, so do not quote me on that, as I may be mistaken! I have no idea whether similar would apply this side of the Pond.
Regardless, I too am more interested in the service provision. And the more competitive buy and sell prices. Which add up quite quickly.
I guess as long as they are making more than they lose, then they may not care. That is the goal we all share, regardless of the platform we use :)
LWHL, it's nice to see that AngerSharkz/MoneyShark is dishing out the grief to other forums here and not just IDS.....lol
I had a brief glance at his posting history last night. There is certainly a pattern :)
Defending your opinion and even firmly disagreeing with another POV is absolutely fine.
It is the bedrock of these forums, after all.
But when you play the man, rather than the ball, well, it is simply not cricket.
Usually I tend not to engage in such scenarios, but occasionally I retort with equal immaturity. As I did last night :)
I also thought he would find it impossible not to have the last word.
A shame really, as he makes some solid observations. Some I actually agree with. It is more the macro stuff that we seem to be entirely at odds with, and that which seems to enrage him :) Hey ho.
Yes, I too noticed that AS/TMS simply has to have the last word...... which is what drives me to ensure that doesn't happen......lol. I have a daughter who is very similar (can start a fight in an empty room) however slightly less vitriolic and demeaning.
I use hl and because I don't have trusts, just shares, they are very good value, and good service too.
I can't comment on pricing of trades, but it's not previously been a material issue for me (as an investor, not a trader)