The slightly positive signs mentioned on the last update have to be toned down again this time.
The F.I.I. service guys are taking a break during early January, they did notify members in plenty of time that there would not be any newsletters and subscription payments would not be collected during their “Holiday”
I don’t really have a problem with them doing that, there’s always the Telegram group to contact people and that’s been worth keeping an eye on, even if you don’t want to comment yourself you can see what others are saying. The owners have been on there over the last few days too, even though they are offically on a break.
I usually wait for the newsletter to arrive before I comment on anything to do with Football Index itself, I like to see how this service interprets the information in the offical announcements and combine that with my own understanding of them.
But this time I’m not going to wait for them to come back and comment, Football Index have said they are dropping the In Play Dividends as from early February. They say that they are going to redirect the funds allocated for IPDs into new initiatives to encourage healthier trading environment and put off traders from “refreshing” shareholdings and the effect that has on prices. To be fair, In Play Dividends don’t make up that much of what income we have had, and they expire after 30 days of ownership anyway, but any erosion of what little positive movement our account has is cause for some concern.
There was also talk of realigning priorities etc, the NASDAQ plan had its can kcked further down the road. They have said that new initiatives will replace the In Play Dividends. So we need to see what they are before totally condemning them, but I really don’t like this constant tinkering with rules and promises of future reviews and rejigs etc.
I find myself narrowing my eyes and furrowing the brow a little more every time there’s a new announcement from Football Index.
I feel I need to clarify that my brow remains smooth as silk with regards to the integrity of the guys at Football Index Intelligence, it’s the Index itself that has my poor forehead as crinkly as Keith Richards’ pants plums.
I’ve stated many times, my concern is with the platform not these “Tipsters” but the way things are going, I cannot see this being a viable investment.
I’ve said I’ll keep the trial going until the end of the season and I will. No final decisons made until then. But, and this is a capital BUT, I would 100% reiterate our usual advice about not signing up to services until we give the final verdict.
Current Figures are, I’ve spent £4,018 on our portfolio, it’s currently valued at £1945.16, I’ve made £742.48 in sales, and been paid £347.53 in dividends. Meaning a current On Paper loss of £983.