Isn’t the projection graph misleading (perhaps dangerously so to people clueless about investing)?
The possible range is clearly shown to only be positive growth. If people start investing and their totals drop over time, it will not be a good image for Monzo.
That’s the case with all investment graphs, they all assume an increase - and whether it’s a good image for Monzo or not, is caveated probably in some text saying it’s an illustration, and all investments can lose money etc. etc.
Just not able to get in. I click on the message, and it asks me to update the app. The link directs me to the App Store. Something is seriously wrong.
I cannot join the waitlist.
I have updated the Android version to 5.40 - Anyone else have the issue.
Go into investments, which lists your invenstment pots.
go into the pot you have set up, to see the detail screen for it.
There are buttons to add or withdraw.
This suggests fees will be taken from any cash in the investment account but I assume all funds added to the account are immediately ringfenced for investment? Id prefer to be able to pay the fee without automatic selling of the investments.
Especially when the fees will contribute to the ISA allowance. I know the amounts might not be huge but id prefer my fees not to be deducted from my ISA allowance.
Are these investments included in the same £85,000 FSCS protection as the rest of my money in Monzo, or are they separate since they’re with Blackrock?
Yes, the total amount of all of your Investment Pots are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
Amounts in your Investment Pot don’t count towards the FSCS limit for bank deposits with Monzo - you can find more information about FSCS protection on our website. `
FSCS protection doesn’t cover losses incurred through investment performance or if you get back less than you originally invested.
No, I understand phones pretty well, I think. I assure you I understand the ecosystem differences, too.
However, when there is a button linking you to upgrade from within the app (here I am talking about the Monzo Android App), it should take you to the Play Store, definitely not the App Store. The error is that it takes me to the Apple Store in the browser.