CMC GIA £50 bonus until 30 April 2023

Middle_of_the_Road

Agreed, although this was free money. It's unlikely to be totally wiped out, and could possibly do very well.
I've done a similar investment, no great expectations and just interested to see how it goes.

wmb194

Millyonare said:

When one can get 5-7% risk-free today from a bog-standard savings account, the 5% dividend from a risky Lloyds share gamble doesn't look particularly attractive (or logical).

With Lloyds it's a big capital gain you're really hoping for. The dividend is just, 'paying you to wait' as people used to say.

Millyonare

wmb194 said:

Millyonare said:

When one can get 5-7% risk-free today from a bog-standard savings account, the 5% dividend from a risky Lloyds share gamble doesn't look particularly attractive (or logical).

With Lloyds it's a big capital gain you're really hoping for. The dividend is just, 'paying you to wait' as people used to say.

Of course.

But the LLOY share price has halved in the past ~14 years. It's one of the worst-performing shares in stock market history.

quirkydeptless

Millyonare said:

wmb194 said:

Millyonare said:

When one can get 5-7% risk-free today from a bog-standard savings account, the 5% dividend from a risky Lloyds share gamble doesn't look particularly attractive (or logical).

With Lloyds it's a big capital gain you're really hoping for. The dividend is just, 'paying you to wait' as people used to say.

Of course.

But the LLOY share price has halved in the past ~14 years. It's one of the worst-performing shares in stock market history.

My Lloyds shares are what became of my Halifax demutualisation shares that I decided to keep in the 90s. I reckon they have lost about 90% value since then

I keep them as a reminder as to the dangers of individual company share ownership!

MX5huggy

Millyonare said:

wmb194 said:

Millyonare said:

When one can get 5-7% risk-free today from a bog-standard savings account, the 5% dividend from a risky Lloyds share gamble doesn't look particularly attractive (or logical).

With Lloyds it's a big capital gain you're really hoping for. The dividend is just, 'paying you to wait' as people used to say.

Of course.

But the LLOY share price has halved in the past ~14 years. It's one of the worst-performing shares in stock market history.

Only if you exclude all the shares that have gone to zero. 

homestraight

Middle_of_the_Road said:

Applied Sat 27th April, bonus paid today. Not bad for weekend + bank hol.

Invested 48.83 +25p stamp duty = 49.08 
Now £48.88
Cash 50.92

Will leave the bonus as cash to withdraw after 90 days and let the stock ride. Thanks again both OPs

Hi @Middle_of_the_Road can I ask if you meant Thurs 27th or Sat 29th?
Thanks

Middle_of_the_Road

homestraight said:

Middle_of_the_Road said:

Applied Sat 27th April, bonus paid today. Not bad for weekend + bank hol.

Invested 48.83 +25p stamp duty = 49.08 
Now £48.88
Cash 50.92

Will leave the bonus as cash to withdraw after 90 days and let the stock ride. Thanks again both OPs

Hi @Middle_of_the_Road can I ask if you meant Thurs 27th or Sat 29th?
Thanks

Sorry for the error, It was indeed Thurs 27th. Thanks for picking that up, will edit earlier post.

retiringtoosoon

£50 bonus now able to be cashed out. £50.13 profit. Account closed. Noice.

homestraight

Middle_of_the_Road said:

homestraight said:

Middle_of_the_Road said:

Applied Sat 27th April, bonus paid today. Not bad for weekend + bank hol.

Invested 48.83 +25p stamp duty = 49.08 
Now £48.88
Cash 50.92

Will leave the bonus as cash to withdraw after 90 days and let the stock ride. Thanks again both OPs

Hi @Middle_of_the_Road can I ask if you meant Thurs 27th or Sat 29th?
Thanks

Sorry for the error, It was indeed Thurs 27th. Thanks for picking that up, will edit earlier post.

Thanks.
Just checking because I was late to the party (29th) and they failed to validate my account til Tuesday so I missed the offer. 
Nevermind

adindas

I have got my £50 incentive.

I understand their GIA is free of charge. I  wonder if there is any point to keep them ?

What is the easiest way to take out all of your £100 and close the account ?