Any experience of 'Moola' robo-investment?

granta

Alexland wrote: »

Now showing as £45 return which I would be very happy with for a balanced risk investment. Similar to our experience with Moneyfarm a few years ago there isn't a way of adjusting the risk profile to get more certainty of that return. Still I have read of others on Nutmeg using this feature to buy high (when confident) and sell low (when nervous after a drop) so maybe it's a good thing that less experienced investors don't fiddle too much.

I always say don't invest for less than 5 years but then keep making small 1 year investments to collect these bonuses. The money gets continually recycled into other investment accounts so even if I sold at a loss then it would pickup the eventual recovery on another platform.

Similar to Shedman I am on the lookout for new bonus opportunities as these will be our last GIA accounts closing next month. In particular I am on the lookout for a S&S JISA bonus as we had another child born last week just a bit too late to take advantage of the recent Welathify JISA offer. Also looking for any upto £1k IFISA bonus opportunities having already taken Kuflink, Ratesetter and Zopa bonuses.

Alex

I went for the highest risk portfolio and am up by £46! Like you, I was in it for the bonus and am always on the look for any promotions. Fingers crossed this year will bring some new entries to market!!

Alexland

granta wrote: »

I went for the highest risk portfolio and am up by £46!

That's the thing with current stock market valuations - you don't always get rewarded for taking high risk.

Shedman

Fingers crossed that the bonus gets paid tomorrow as detailed in their email of 30 March...

"We are pleased to let you know that your £125 cashback for signing up to Moola through Money Saving Expert will be credited to your account on or before 26th April. More details to follow in an email next week."

although not having received that promised follow up email I'm not confident. Did anyone get a second email with the 'more details'?

Alexland

Woo we just received emails confirming the £125 bonus has been added to our Moola accounts as cash to give a week to withdraw before it is autoinvested. It has been over 12 months since our initial contributions, we stopped the DD before the 13th payment, so we have just clicked the account close buttons. With the over £50 investment return the £1,375 each will be contributed into our HL LISAs for a further 25% bonus.

Our latest initiative is Onefamily were offering £80 cashback on a new S&S JISA for our newborn child in exchange for a £10pm DD. That money plus the Fineco bank referral cashback should be more than the £500 required to transfer to a Vanguard JISA. Also given up on the Orbis JISA for our first child so that's gone to Vanguard too.

Alex

Shedman

Got the email as well so I should have had more faith . Pays for a few beers whilst sitting in the sun on the Algarve :T.

Alexland

Drinking beer in the Algarve sounds much better than changing endless baby nappies.

We just received contract note emails (presumably the sale trades) but to see the detail we would need to login to the Moola Dashboard which is no longer available as our accounts are in closure.

Shedman

Alexland wrote: »

Drinking beer in the Algarve sounds much better than changing endless baby nappies.

Much :rotfl:, but been there, done that and got the T-shirt (4 kids within 6 years) and thankfully well out the other side, although I did have to go and look after one of the grandkids the other week and was changing nappies for the first time in over 25 years :eek:.

Good luck with your growing family and keep posting any good deals you spot.

granta

Alexland wrote: »

We just received contract note emails (presumably the sale trades) but to see the detail we would need to login to the Moola Dashboard which is no longer available as our accounts are in closure.

I did the same! In my excitement to close the account, I didn't download any statements and now the Dashboard is showing nothing. Still, £58 profit and some cashback...can't complain!

Alexland

Just over £1375 each arrived in our joint bank account this morning so that's £350 total profit.

Overall Moola was a good experieince but the fees are too high to stay.

JPears

Closed my account on 12th June when showing £1385 after bonus. Dashboard said payment by 19th June, today says 25th June. 2 weeks to make a payment? I smell a rat......