CMC GIA £50 bonus until 30 April 2023

jimexbox

flopsy1973 said:

Anyone found any low risk short term assets I can put my money on . Had my bonus this morn

A fixed term/notice bank account. Anything else in the short term is a risk. 

TheBanker

redux said:

TheBanker said:

I also opened an account at the weekend and got my £50 bonus today.

I've done what we always tell everyone not to do, and taken a punt on a single company share. So far I'm 90p down. But this isn't 'important' money to me so I'll ride it out and see what happens. Unless it loses 50% of its value which is unlikely, I'm still up on the deal

Same here - single company - except that I only opened the account last night, ID approved this morning, and I've only invested £51 so far (at about the same buy price HL was showing)

The other £50 from the bonus can go in when it's ex-dividend next week, might get 21 shares instead of 20, or might add something else.

I can see this might be interesting for building up very modest holdings without dealing charges

I'm treating it as a bit of fun. I used to play around with single company stocks in my ISA until I realised the error of my ways. Having £100 to play with here will remove the temptation. I might trade my way to a million but the worse case scenario is I lose my original £50. 

I've already recovered 8p of my 80p loss

ForumUser7

Hi, I’m going to make use of this offer and have noted forumites have mentioned you need to keep the bonus there for 90 days, but it doesn’t have to be invested.

Is SONIA probably the safest to put it in? I intend to withdraw it as soon as I can, but I’m new to choosing stocks and shares.

Thank you

EDIT: something like a royal London short term money market, if CMC offers this

masonic

ForumUser7 said:

EDIT: something like a royal London short term money market, if CMC offers this

That is an open ended fund. CMC only offers exchange traded investments, and they do not offer fractional shares. There are no money market ETFs available for £100 or less. There are some low share price short-duration bond ETFs, such as UESD, which CMC offers. It's an ESG fund, but despite this is quite cheap with an OCF of 0.09%. Share price is around £5 and average duration is only ~4 months.

redux

TheBanker said:

flaneurs_lobster said:

TheBanker said:

I also opened an account at the weekend and got my £50 bonus today.

I've done what we always tell everyone not to do, and taken a punt on a single company share. So far I'm 90p down. But this isn't 'important' money to me so I'll ride it out and see what happens. Unless it loses 50% of its value which is unlikely, I'm still up on the deal

Which company? I might punt too but obviously don't want to pick your loser choice.

Rather not say but it's a FTSE 100 company as they're the only UK shares you can trade in I think. 

There seem to be some investment trusts available

A couple of names aren't recognised, but it seems possible to invest in various others, not necessarily in order of size. 

TheBanker

redux said:

TheBanker said:

flaneurs_lobster said:

TheBanker said:

I also opened an account at the weekend and got my £50 bonus today.

I've done what we always tell everyone not to do, and taken a punt on a single company share. So far I'm 90p down. But this isn't 'important' money to me so I'll ride it out and see what happens. Unless it loses 50% of its value which is unlikely, I'm still up on the deal

Which company? I might punt too but obviously don't want to pick your loser choice.

Rather not say but it's a FTSE 100 company as they're the only UK shares you can trade in I think. 

There seem to be some investment trusts available

A couple of names aren't recognised, but it seems possible to invest in various others, not necessarily in order of size. 

Yeah, and I think you get more choice with the premium app. Personally I wouldn't use it for serious investments, but for seeing what I can do with £100 it's a bit of fun. Won't be moving my ISA to their platform though. Whether I'll keep going with the £100 beyond the 90 days is debatable. If I get to £101 I will probably cash in my winnings!

adindas

Alistair31 said:

Happy with the free £50, now withdrawn and account closure request submitted. Thanks again to the OP.

Did you keep this  £2.5k invested for the 12 months+ to get £50 ?

Middle_of_the_Road

Another thanks to the OP. I just opened an account  and deposited £50, very straightforward and instant set-up.
Invested the whole amount in a single UK company as a speculative punt. Probably won't invest the bonus when it's paid out, and withdraw everything ASAP. 

adindas

Middle_of_the_Road said:

Another thanks to the OP. I just opened an account  and deposited £50, very straightforward and instant set-up.
Invested the whole amount in a single UK company as a speculative punt. Probably won't invest the bonus when it's paid out, and withdraw everything ASAP. 

ForumUser7 said:

Hi, I’m going to make use of this offer and have noted forumites have mentioned you need to keep the bonus there for 90 days, but it doesn’t have to be invested.

Is SONIA probably the safest to put it in? I intend to withdraw it as soon as I can, but I’m new to choosing stocks and shares.

Thank you

EDIT: something like a royal London short term money market, if CMC offers this

I understand from the discussion in this forum (have not looked at the TCs) you will need to keep investment of £2.5k in the account for at least one year to get £50.

But sometimes what is stated in the TCs ia not what is applied in their system.

If this is the case IMO, it is worthy when you would want to open this account anyway.

They have limited number of shares to offer compared to other platform. Also its FX fee is reasonable but not the cheapest one.

flaneurs_lobster

adindas said:

Middle_of_the_Road said:

Another thanks to the OP. I just opened an account  and deposited £50, very straightforward and instant set-up.
Invested the whole amount in a single UK company as a speculative punt. Probably won't invest the bonus when it's paid out, and withdraw everything ASAP. 

ForumUser7 said:

Hi, I’m going to make use of this offer and have noted forumites have mentioned you need to keep the bonus there for 90 days, but it doesn’t have to be invested.

Is SONIA probably the safest to put it in? I intend to withdraw it as soon as I can, but I’m new to choosing stocks and shares.

Thank you

EDIT: something like a royal London short term money market, if CMC offers this

I understand from the discussion in this forum (have not looked at the TCs) you will need to keep investment of £2.5k in the account for at least one year to get £50.

But sometimes what is stated in the TCs ia not what is applied in their system.

If this is the case IMO, it is worthy when you would want to open this account anyway.

They have limited number of shares to offer compared to other platform. Also its FX fee is reasonable but not the cheapest one.

I think that there are two £50 freebies from CMC being confused in this thread.

Invest £50 and we'll give you £50

and 

Transfer to us and get £50 - £250