“I was very much anticipating a big comedown update for this episode…”
Welcome to the third instalment of the ‘Can I make a living from Football Index?’ series.
I left you at the end of September last time out and let’s just say October has been…interesting. The big news last month was the Birthday Bonus and this month was even bigger news, as FI unexpectedly announced a Dividend Review from absolutely nowhere. Scenes!
They called it a ‘review’ but traders quickly took that as ‘increase’ and rightfully so. Not only did this announcement come from nowhere, but it didn’t take long for Adam Cole to get bored of waiting and decided to bring the full announcement forward from the end of his month to the 18th October.
So, within 10 days we had an announcement of a review to the detailed announcement that dividends were going to be increased by 57% across the board. They say a week is a long time in football but in the Football Index world, things move very big, very quickly!
So what did I do?
“It was straight forward in my head…”
I mentioned in the FI Newsletters that I was fortunate to have my phone to hand when the message came through from FI that they were going to ‘review’ dividends. After a minute or so of trying to formulate what this meant in my head and some ticker watching, it clicked that I should be getting into Dividend earners. So I did.
I couldn’t buy them all but chose the first ones that came to mind in the likes of Neymar, Alexander-Arnold, Messi and Kroos to name a few. I wasn’t as quick as some but managed to get on at a decent time, which brought instant profits that gained more slowly over time.
The plan was simple, to keep until the announcement came when we found out what was actually going to happen. It was straight forward in my head that whatever they were going to announce was going to benefit these div merchants and was a safe bet.
During this time I made a few sales and topped up on a few others and without boring you with detail, by the time FI opened up the market with the 57% announcement my profits soared. I could have made more but could have made less, so not gonna hang on to any of that. No complaints 😀
Much needed
This random dividend announcement was much needed as it goes for me, as at the start of October my profits had flatlined. I was very much anticipating a big comedown update for this episode but this has practically saved it.
This was due to a mixture of a drop on some of my players from the birthday bonus ending on 30th Sep, being unavailable to trade on some decent match days and the International break coming in which was a bit of a dead dud.
Luckily for me, it’s very rare a period of time goes on the index without some event happening and this month has been no exception. Big time. Not to mention the actual birthday bonus landing in our accounts the next day after the dividend details came out. You beauty!
The ins and outs
I am typing this up on the 28th Oct, so just over a month since the last update. 33 days to be precise. I am gonna time a 28 days later update at some point just for the sake of it. Balls, it’s Halloween now would have been good. Oh well, chance lost, move on.
I will say straight away that I have made some withdrawals this month. I have taken out £1100 in total over this time period of 33 days. After the last update I did put back in the £800 I had previously taken out to take advantage of the 10% bonus, but that is back out again with another £300 on top.
Speaking of which, my bonus came to £652.30 which was a combination of money I had to spend in my account and some I was able to stick in afterwards.
So, some numbers:
Last month I had £12,752 in the index. This month I have £17,473. Which is an increase of £4,721 over the course of 33 days. This is an increase of 37%.
This maintains my ongoing average of making around £1000 a week. Was actually £1001.36 in this time period to be precise. I never thought I was going to be writing this after the first week of October let me tell you.
Since I started this blog series on 11th August the total amount made has gone up to £11,873.
I started this series off with £6,700 so this has seen a return of 177% over those 11 weeks. This is up from 102% last time out.
Just as a marker to show the more you have in the index, the more you can make. Last months update was a total of £6,852 made, so you can see how it can snowball, fast!
Below is a screenshot of my home screen as we speak.
My all-time profit now stands at £23,372. I joined the index at the start of September 2018 so about 14 months worth.
For those that ask, the amount of money I put in was around the £2.5k mark over a period of my first couple of months but my net deposits are now (minus) -£5,899. I have been free rolling with nothing but my own profit for a while now.
We received our all-time profit emails a few days ago, so I shall stick mine up below. Note the money made since the 24th Oct to 28th Oct is £672 and this is after a very average weekend of trading, to say the least. Trust me, so boring. One of the worst I can remember.
The short term game. Changed?
“…you have to take this into consideration, it’s just silly not to.”
So, with me buying into “Dividend players” this month, does this mean my strategy has changed? Well no, I will never change my in-play and fixture buying (as well as other strategies shown on the intro article) ways but I have added a “string to my bow” if you like.
I mean, it would be pretty sh*t bat mental for me to ignore dividend players when the index announce dividend increases which result in these players going through the roof, right? I’m on the index to make money, so did I buy Neymar for the first time in my FI life, you damn right I did.
In fact, after I initially bought him on the day of the original random announcement on the 8th October. I doubled my holding in him a day before the actual announcement on the 18th October, as I couldn’t understand why he was flatlining at the £7.40 mark.
My experiences up to this point on these types of announcements are that the premium players who benefit most skyrocket. This announcement was no different. The lad broke the £8 barrier when the flood gates opened, reaching £8.22 before settling just below that marker.
I did sell the original shares I had in the boom time and kept the other half. I can see him going past this £8 barrier again once we tiptoe into November when the Gold days officially arrive.
When he eventually makes his return to the PSG team, I don’t think traders will be able to resist what he has to offer in this new matrix. 16p for star man, oof!
I have mentioned in the first few articles to the series that I have never been one to “chase PB”. That is still the case in general terms but this was down to a couple of things.
One being I have never had enough in the platform to hold a significant amount of shares in PB players to make it worthwhile. Not in my eyes anyway. I could make more doing my own thing.
Second, it was always difficult to actually win them, as even the best PB players in the world could be done by a journeyman defender scoring a GWG complete with a clean sheet or a hat-trick produced by some random French farmer.
We now have a new matrix and we are seeing more of the better players being rewarded. We will always have an unexpected winner here and there, it’s inevitable, but I think we are genuinely seeing a more predictable setup. Although I don’t want it too predictable. Bit boring.
Now with a big increase in payouts gained for these winners, you have to take this into consideration, it’s just silly not to. Plus logic tells you these players will gain more and more investors and go up in price.
No matter the situation, I am always interested in players going up in price or bringing me decent money in some capacity. Aren’t you?
The 200 club
“I have my eye on some others”
With all this being said, my dream on FI has always been to have enough money in the thing to hold these dividend contenders, as well as having enough left to get on with what I do.
My first 6 months in the platform was a hard slog, scalping rises where I could and slowly building profit up. It was hard work but it was worth it and also necessary. If I had taken the traditional “sit on and wait” approach, I don’t believe I could have made as much.
I am not allergic to premium players, I just could never afford to have a significant amount of shares in them to make it worthwhile. However, I think I am starting to reach that moment.
So, literally last night after watching TAA smash up the PB screen, I have come up with a concept of a “200 club” where I am planning on holding 200 shares in players I think will regularly compete for these steroid injected divs on this jacked-up new scoring matrix.
These are to remain untouched and just left to do their thing. Barring any significant news such as an ACL injury or another Ronaldo “rapegate” (port crash flashbacks!!! Aaagghh!) they are to live and dine in the 200 club and left well alone.
I have a tendency to overtrade but I am making this “club” to stop myself from doing so. These players should bring home bacon and rise in value as the product does. Some will rise more and bring in tastier bacon than others but that doesn’t matter. Just leave ’em alone lad.
Why 200 shares? Well, I don’t think 100 or even 150 is really worth it but gaining a couple of quid per penny rise and “doubling” the div payouts (sort of speak) from 8p to £16 hard cash, if you see what I mean, sounds ok to me. I would like 300 but it’s just too much to have locked in.
The early entries are:
Neymar – The King. I had 600 shares in him for the 18th Oct and have 300 as we speak. I will trim this to the 200 share marker eventually but we should all have high hopes for Ney’s price, as he is basically the glass ceiling to the market prices overall. The higher he goes, he brings everybody else with him.
Messi – The Goat. I mentioned that I bought him when FI landed that bomb of a message saying divs were being reviewed (jacked up!) but Messi hardly moved. An example of my overtrading is thus, I bottled it and sold them after a few days of no movement. He obviously went up 60p and won PB since then! He may be getting on but he is set to extend his contract to 2021 so plenty of life in the old goat yet.
TAA – The Kid. Alexander-Arnold was hot on my list of buys on the day FI filled our souls full of hope again. He went up accordingly. So much so, in fact, my old habits of “take the profit” overcame me and I sold up the morning of the Spurs game. Yep, that’s right. I won’t mull on that decision but let’s just say that has inspired me to create the “200 club”. And yes, I am a monumental dickhead.
Kroos – The Boss. There are many midfielders who have benefitted hugely from the new scoring matrix. You know the ones people like. Pjanic, Parejo, Sensi etc. I like ’em too but in a market that is so competitive like the midfielder one is now, I believe Toni is the one. His base is just awesome. You can argue either way about his lack of goals that will cost him, or actually making him better as he doesn’t rely on them, but he is my man.
Those are the “four horsemen” as we speak and I have my eye on some others who may join the club like Depay, Kimmich, the group of midfielders everyone talks about, and others. I shall play it by ear for now, as these lot are expensive and the plan is once they are in, they are there to stay, so I am not gonna rush it.
How was the “normal” trading this month?
In a couple of words, not great. Well, that may be too harsh, as I did have a decent time of it over the European games period that just went by with the Champions League and Europa League.
£500 was made on the likes of Sabitzer, our mate Kroos, Oxlade-Chamberlain and Pepe so it wasn’t all bad. This weekend that just went by though was just poor. I did flip Ayoze Perez, twice, on the Friday night but of all the weekends I could have had free to trade uninterrupted, this was not what I had in mind. Snooze fest.
An average end after an awful start to the month with people selling whatever they could after the Birthday bonus and the International break being so boring I hardly paid any attention to it. The interest in these new International IPDs is already wearing off.
However, FI saved the day with a glorious and memorable middle that has changed the platform for a while yet. For the better, I might add.
Conclusion
“If you haven’t looked into it yet, no time like the present.”
There are a few days until the new Dividend structure comes in where Gold, Silver and Bronze take over our lives with 8p, 4p and 2p (oh, that’s the same) being the talk of the town and it could be an amazing time to be on FI.
They have also extended the div deadline to 3pm instead of 2pm which opens up even more opportunities for fast in and out trading. I will try and go into this in a bit more detail in the next update after a few weeks trial.
I am already seeing people getting excited and buying some premium players on the ticker and I think once we get into November officially, traders will be yearning to empty their wallets to get on players fighting it out for these jacked-up giveaways.
8p star man for Gold is outrageous and so expect people to lump on the first few winners of these, whoever they are.
4p star man Silver days have also given a specific market an almighty boost. I was already a keen trader on those 5/6 game double days, but now you can win 8p for holding someone coming out on top of a very small field of players. This is huge.
The first one of these is on 8th November and I have been holding Berardi (what feels like forever) as well as Odegaard and some others for this day. If you haven’t looked into it yet, no time like the present.
I shall see you next month and I am already looking forward to seeing how the Index looks after a few weeks of new div action!
Peace out!
Follow me on Twitter @GingerPirlo_FI
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