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£150 free CSD?
Options

jago25_98
Posts: 623 Forumite
Or maybe not?
If we look at:
http://www.tdwaterhouse.co.uk/cfds/index.cfm?tracker=1095
and
http://www.tdwaterhouse.co.uk/productsandservices/ratecard.cfm#cfd
and
http://www.tdwaterhouse.co.uk/free2/index.cfm?tracker=1000
and
http://www.tdwaterhouse.co.uk/productsandservices/isa.cfm
£70 ISA fee under £7,000 + £10 inactivity fee (under £5,000 after 6 months)
+£12.50 trade fee
In addition the markets have been doing ok so if we bought an index linked CSD I personally aren't that confident it'll be the best place for it to go unless it's >10k ish and in that case I'd have better things to do with it.
So, is this freebie just to be forgotton?
If we look at:
http://www.tdwaterhouse.co.uk/cfds/index.cfm?tracker=1095
and
http://www.tdwaterhouse.co.uk/productsandservices/ratecard.cfm#cfd
and
http://www.tdwaterhouse.co.uk/free2/index.cfm?tracker=1000
and
http://www.tdwaterhouse.co.uk/productsandservices/isa.cfm
£70 ISA fee under £7,000 + £10 inactivity fee (under £5,000 after 6 months)
+£12.50 trade fee
In addition the markets have been doing ok so if we bought an index linked CSD I personally aren't that confident it'll be the best place for it to go unless it's >10k ish and in that case I'd have better things to do with it.
So, is this freebie just to be forgotton?
Order of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker
0
Comments
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If they give you £150 then surely it is possible to do the equivalent of placing 'matching'-like hedge bets (So you buy a share and then 'short' the same number of shares it at the same time)? The idea is that your trading neither makes a profit nor a loss - or at most a very small net position - and you can then extract the value of the credit? This might be possible to make money from (especially if you have different spread-betting accounts - CFDs are just 'spread-bet' instruments are they not?) Anyway, they might have something to say about this over at the matched-betting board......under construction.... COVID is a [discontinued] scam0
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jago, CFDs are leveraged instruments. It is possible to lose far more than your original capital - this is not a product suitable for newbies to investing.0
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Thanks I didn't know they were leveraged (from borrowed money). But they do offer a stop loss for a feeOrder of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker0
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A stop loss is not much use if there is a sudden gap down in price. And the gearing will magnify losses just as much as it does gains.0
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didn't think of that either - Thanks!
I guess this would be risking debtOrder of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker0 -
SG (societe general) do CFDs with an absolute stop loss. And CFDs need not necessarily be considered leveraged. If you want to buy 1000 vodafone shares, you can either buy the shares, or buy 1000 vodafone CFDs. With the CFDs you have to put up less money, but if you going to buy 1000 voda shares anyway there is no difference. But if you don't work out your exposure you can get into trouble.I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.0
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