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I wanted to lay out why I think you can still be positive about #footballindex without resorting to platitudes or giving FI undue credit.
I don't wish to directly influence people but want to offer an alternative to the hollow positives that have taken over the TL.
1/10
I don't wish to directly influence people but want to offer an alternative to the hollow positives that have taken over the TL.
1/10
Firstly I think it's generally accepted that a bet in FI is partly a bet on FI.
I think it's important to make seperate risk assessments for both parts of your bet: the bet on footballers (dividends, cap app) and the bet on FI (sustainability, ability to grow).
2/10
I think it's important to make seperate risk assessments for both parts of your bet: the bet on footballers (dividends, cap app) and the bet on FI (sustainability, ability to grow).
2/10
IMO the bet on footballers remains extremely attractive, regardless of market conditions.
Taking remaining divs at face value (I'll come to that later...) and the potential yields remain huge, even without capital appreciation.
3/10
Taking remaining divs at face value (I'll come to that later...) and the potential yields remain huge, even without capital appreciation.
3/10
Therefore I continue to conclude that the dividend rewards on my pure footballing bet significantly outweigh the risk of (a) my judgement being wrong (as if!) and (b) a perpetually falling market.
Therefore for me the footballing bet in FI remains a net positive.
4/10
Therefore for me the footballing bet in FI remains a net positive.
4/10
However the bet on FI is far harder to assess right now.
This weighs up the rewards of being an early adopter and benefitting from their growth and generous early yields, with the risk of mismanagement, volatility and long-term sustainability.
5/10
This weighs up the rewards of being an early adopter and benefitting from their growth and generous early yields, with the risk of mismanagement, volatility and long-term sustainability.
5/10
I've said elsewhere I still consider FI as a startup in that they have yet to commit to a core product.
This doesn't excuse FI - I think they should be far closer to a finished article than they are - but does offer some excuse for their volatile decision making.
6/10
This doesn't excuse FI - I think they should be far closer to a finished article than they are - but does offer some excuse for their volatile decision making.
6/10
Assessing the FI bet will be strongly subjective and also affect the core bet (eg: risk of div changes).
To have faith in the FI bet requires you to trust that the platform continues to have significant potential and that mistakes will not be too damaging in the long run.
7/10
To have faith in the FI bet requires you to trust that the platform continues to have significant potential and that mistakes will not be too damaging in the long run.
7/10
The IPD decision is interesting in this regard.
On one hand it reflects the worst of FI's decision making and creates questions about financial management and sustainability.
On the other it offers the potential for a more focussed product built around a long-term bet.
8/10
On one hand it reflects the worst of FI's decision making and creates questions about financial management and sustainability.
On the other it offers the potential for a more focussed product built around a long-term bet.
8/10
I think it's undeniable that FI's recent actions warrant significant outrage and further disillusionment.
Traders need to decide whether to accept it as another bump in the road of a journey they remain committed to, or whether it amounts to something more serious.
9/10
Traders need to decide whether to accept it as another bump in the road of a journey they remain committed to, or whether it amounts to something more serious.
9/10
I think both conclusions are entirely reasonable, and people that reach a conclusion different to your own certainly don't deserve ridicule and abuse.
So please... take your time, reassess your commitment and faith in FI, and respect the rights of others to do likewise.
10/10
So please... take your time, reassess your commitment and faith in FI, and respect the rights of others to do likewise.
10/10
