Before getting too excited about the double profit, the big question is how many of the new influx of retail investors that poured in their life savings plus borrowed money would still be around after a major stock market crash.
Yes T212 has done well so far but an Everest headwind faces the industry imo
Haven’t heard much about anybody around here leveraging themselves to the tits, besides that tesla-guy “tesla to $1Q”.
Consumer credit facilities in Europe tend to be far more restricted than in the US, from my observations people around here prefer a more prudent approach to how they invest.
Not sure i agree on forecasting the upcoming Armageddon.
Maintaining a strong capital base, and reinvestment in useful features should see them well and keep YouTubers at bay from scaring people suggesting they are in trouble and implying indirectly that our assets may be unsafe.
There is more competition on its way - InvestEngine are free for a limited range of ETFs and goLightYear that mostly only has US stocks last I checked launched in the last year.
Competition is good!
On the plus side, we are starting to see the steady roll out of new services and more securities. The ‘pause’ on new customers for the best part of a year also seems to have worked.
This is an incredible update tbh, can’t ask for more than that as a customer. Trading 212 U.K. making strides in stockbroking, and from that article they made very good use of their time closed to new customers to make backend improvements to their operations.
I don’t bother with regular savings any more but it can be worthwhile if you’re min-maxing and drip feeding from an easy access account. The problem is that, in reality, the interest rate is lower than the headline, usually about half. Only the initial contribution is earning the full figure while future deposits earn a diminishing proportion as they will be deposited for less than 12 months.