Today we’re launching Monzo Investments 🎉

Very pleased at the moment! Hope it will last…

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Nice flex

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We’re all reaping the benefits…

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You’ve reached the dizzing heights of (almost) 3 x Freddos profit

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I’ll soon be able to measure my wealth in Toblerone.

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Surprisingly satisfying graph

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I withdrew my £1 when it got to £1.01. It was all too much for me.

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I know you post this in jest each time but I think it’s good to show that everyone has different amounts invested and you can start small

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Which risk level did you go for?

The ISA transfer eventually went through about a month ago and are sat at a 5.79% increase today.

The highest (-:

Timed this quite well. Up 9%

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That would then increase your debt and you could be paying interest on money you’re investing.

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Has anybody had any joy in changing from balanced to adventurous or similar.
Currently on balanced, want to go adventurous but have read it takes a few days to get money back and then 30 days to be able to reopen one of the choice is to close it down!?

You can’t change your risk profile

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I’m not searching to answer this, but the answer is in this thread. It was launched without the ability to change funds, but the change is coming :soon:

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Are there many that do? In the case of HSBC you have to sell the holdings with risk profile A to then buy risk profile b for example.

I’m not sure how good it would be to allow people to easily change profiles. Couldn’t they lose more money this way by, for example, switching profiles often.

Wonder if it will prevent a level of friction to support informed actions here.

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Possibly, but it’s your money to lose, not Monzo’s.

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I’m just thinking if someone was, hypothetically, doing this on a day that their fund was lower than then had invested at, they might have been better leaving it in the risk profile it was at.

It’s interesting to hear others allow it too.

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I’ve got both an empty GIA and empty ISA with Monzo so yes. I had £1 in my GiA for a bit before emptying it.