Monzo in the Media

I think it might be more to do with a couple of comments regarding entitlement and insignificant sums etc. I can see one refering to the entitled brothers or some such.

I agree these are minor comments but they do come across as “I can’t give a good counter argument so I will just call you names instead”, which is not great. And I do agree that some comments that refer to peoples investments as insignificant, can feel degrading and imply that you don’t matter :person_shrugging:

I think we are all adults here, nothing that was said here was degrading.

1 Like

Well that´s the problem these days with debates right? Someone will always feel offended by something and everything is based on personal feelings instead of facts, but that´s a whole lot of different discussion…

3 Likes

Hey gang :wave:

Taking on some of the feedback on here and passing it on internally :pray:

Received a few flags/messages about the discourse so will get in touch with anyone that needs a reminder in the Code of Coduct :pray:

10 Likes

Probably too late now but with capital gains likely increasing in the budget and some early investors sitting on shares now worth over £50k it would have been quite helpful to have offloaded some at the current capital gains tax rate.

2 Likes

Please flag posts that you believe break the community guidelines. I can be as critical of Monzo as anybody else, and I work here :joy:

12 Likes

I hear that your :notes: :musical_keyboard: great, great, grand daughter lives under water and is pretty fine :guitar: :musical_score: (in addition to being a proud Monzo Shareholder of course).

1 Like

Hi Alan

This is my view….

It was always made clear that Monzo shares were illiquid and may even end up being worthless if Monzo failed.

HOWEVER, Monzo is a success and when I sit at home and read sky news article after sky news article telling the world how Monzo staff are constantly cashing in millions of pounds worth of “illiquid” shares it starts to sting a little especially as I invested in Monzo in 2016 when the risk was at its highest.

SO IT STINGS A-LOT WHEN another Sky News announcement today announces that millions more illiquid shares have been sold by staff just before a budget that is rumoured to have capital gains tax increase’s in it, which I am sure is coincidence, but it is starting to feel like crowdfund investors are being ignored.

If Brewdog and Revolut can sort something out for their crowdfunders why can’t Monzo.

The money would make a massive difference to my life and I am sure it would help a few others on here.

I think the time has come for more publicity to be brought to this.

4 Likes

They can, they just don’t want to. Simple really.

3 Likes

I’m genuinely surprised that some investors feel this strongly. It always happens. Just recently with THG and there will be others.

You invest money. You hope to gain a return. And sometimes you do.

Other times you invest money, some investors work out how to make even more money or the a few people identify not taking it to IPO or buying back shares makes them even more money.

No one should be allowed to invest without understanding the basics of human dynamics and share dilution risk.

4 Likes

We are going to get shafted when it comes to CGT :sob:

4 Likes

Please can we stop with the crowdfunding talk on this thread? - it is against the code of conduct to take a thread off topic and it’s been maybe 80 comments since the last media link about Monzo

@AlanDoe should we split out all those comments to a new topic? Happy to sort that with your blessing

5 Likes

Don’t forget the 5% fee which Crowdcube will take on profits as well :joy:

1 Like

There is a thread that is open for share discussions just put in secondary share sale

1 Like

Sorry it is closed for some reason.

Very serious, they aren’t shopping for a current account, they are moving a significant pension pot around. Most people would have an IFA to advise on this anyway - that’s the norm, it’s recommended for everyone. However, if you are the sort of person that reading an article on sky news that is totally irrelevant to you and your finances and that can start changing your decision about what to do with the pension, then most definitely you should be consulting an IFA

3 Likes

Which is extremely irrelevant to the question ‘where is the best place to put my substantial pension pot’, is my point.

Personal whims and emotions are the absolute worst way to make this sort of decision, that’s why you trust an IFA especially if your own decision making is very subject to them.

2 Likes

In that case, and I mean this quite seriously, when it comes to deciding where to put a substantial pension pot I also highly recommend trusting an IFA’s judgement over your own. Small differences in fees and rates of return can make a huge difference in your retirement outcomes, over the course of the 30 years or so you may be reitired and living entirely off that pot and its income.

Again really, everyone should have an IFA in that scenario, so I wouldn’t take it too personally. I will certainly have one myself and I definitely won’t be putting my person whims over their professional advice. Sometimes other people know best and that’s fine :smile:

If anyone wants investing advice I’m your man. If you are happy with a 7.22% return a year over 30 years just stick it in an ISA for the S&P500
See easypeasylemonsqueezy!

Average S&P 500 Return for the Last 30 Years When we add another decade to the mix, the average return inches closer to the annual average of 10%. Looking at the S&P 500 for the years 1993 to mid-2023, the average stock market return for the last 30 years is 9.90% (7.22% when adjusted for inflation).

2 Likes

If one thing is true about anything in finance. It’s that at any given time past performance does not predict future performance