CMC GIA £50 bonus until 30 April 2023

Bridlington1

quirkydeptless said:

So I can add £50, make no investments, wait till my bonus arrives ~6 working days later, not invest that either, withdraw my original £50 and then withdraw my £50 bonus 90 days after that?

I can't see anything to say you can't so go for it. 

Band7

masonic said:

Band7 said:

Costabit said:

Do they allow Fractional investing i.e.can you put as little as £1 in any ETF?
Or are you required to buy complete whole units ?

I have read elsewhere that they don't offer fractional. Not on the free GIA, anyway.

That might have implications on the investment choice. Quite a few ETFs have a share price above £50, and some above £100.

Agree, and may be it isn’t true what I read. We’ll see.

The CMC “Discover” function is quite pants. Unless you know what you are after, it’s not really easy to browse their portfolio. Not an app I would want to use regularly. For the purposes of just getting £100 (ish) invested for a few months, though, there are several seemingly acceptable options



 

flaneurs_lobster

Bridlington1 said:

quirkydeptless said:

So I can add £50, make no investments, wait till my bonus arrives ~6 working days later, not invest that either, withdraw my original £50 and then withdraw my £50 bonus 90 days after that?

I can't see anything to say you can't so go for it. 

This question has been asked of CMC CS by the esteemed punters over on https://www.reddit.com/r/beermoneyuk/ and they say that you can indeed do nothing and just take your £100 and run. 

Be a shame to waste a £100 investment for only £50? Ideas for a pure speculative punt?

Alistair31

I’m in. Thanks OP.

masonic

flaneurs_lobster said:
Be a shame to waste a £100 investment for only £50? Ideas for a pure speculative punt?

Over 90 days? That really would be a punt!

I'll be investing in something equivalent to an existing investment, so when I sell it will effectively be offset by me topping up my existing S&S ISA in the new tax year. It seems a shame to have the money sitting there doing nothing, and I'm interested to see how things work.

dunstonh

wmb194 said:

dunstonh said:

The only caveat to these things is to remember that start ups running at a loss will either fail, be bought out or increase their charges at some point.  Buying market share takes money.  Some have big sugar daddies who will absorb the losses if they think market share growth is good.  Some do not.

CMC Markets isn't a startup, it's an established business. It's listed in London under CMCX, in the FTSE250 with a £650m market cap and in its most recent interims says its profit before tax was £36m. I'm relaxed about this one.

https://www.investegate.co.uk/cmc-markets-plc--cmcx-/rns/interim-results/202211160700055300G/

Not often that a provider slips under my radar.  I genuinely had not heard  of them before.  Thank you

DireEmblem

Is LGGL the lowest priced global equity tracker to try this out if fractional shares are not an option?

Band7

DireEmblem said:

Is LGGL the lowest priced global equity tracker to try this out if fractional shares are not an option?

Looks like it but it's USD denominated. 

DireEmblem

Band7 said:

DireEmblem said:

Is LGGL the lowest priced global equity tracker to try this out if fractional shares are not an option?

Looks like it but it's USD denominated. 

Good point.  Not as cheap as a GBP option with the 0.5% FX fee each way.  Will keep looking

DireEmblem

QUID could be an option for those that don’t like volatility 😅