All the team members are onboarded now and using the app, they are due to release the customer timeline in the next couple of weeks, but as @Rat_au_van said you can join in the discussion over at community.freetrade.io
Been with Wealthify for the last 15 months and seen 8% returns on the most adventurous plan - canāt really complain. Opted for them because at the time they had the best app and lowest fees.
Now ethical investments
Freetrade launch in just over 4 weeks (18th Sept). Iām currently paying a 0.7% fee on my wealthify account! I donāt think thatās good long term. Has anyone got a circle that theyāre sharing?
Join my Wealthify Circle so we can both enjoy discounted fees. Download the app from https://wealthify.com/app and use my code SWJZ38
Hello fellow Wealthifiers(?)
Can I ask a question to some of you?
Is there anyone who has deposited a lump sum of cash in your account, and just left it (so, no monthly top ups)?
If so - Does your account continuously show small transactions (buy/sell) - Or does it effectively look dormant with whatever S&Sās it holds?
I had daily activity up until the end of August, and then absolutely nothing since - Wealthify claim itās standard behaviour, so Iād like to know what other customers have experienced?
Thanks
Super late answer but same as you, started with lots of buys and sells now is fairly settled. I assume this is when they tweak the portfolio.
It does seem like standard practice, the general rule of investing in funds is the longer you invest without making changes the more you make - this is because despite periodic up and downs they do recover and grow over long periods.
Howās yours doing? My Wealthify made 6% last month despite a quite turbulent month (10 risk / All Ethical)
My Nutmeg is newer but has had a rubbish start. I changed mid month to their new full ethical plan and it immediately recovered to its original value and started to turn a profitā¦then today happened and itās back wildly negative (7/10 Risk).
https://www.moneysavingexpert.com/savings/robo-funds/#wealthify
Promoted, but NOT recommended as such, in the latest MSE weekly email. (They donāt offer investment advice)
Signed up to give it a try, as canāt really lose money in this promotion, it just depends on market what your true profit ends up at.
Wealthify could not electronically verify my Monzo account as mine. Had to send statement.
I assume Monzo still not part of CoP then
I did this in 2020/2021, Ā£400 with Ā£40 cashback covering a potential small loss.
Ended up being with a return on top.
Invest Engine offer a similar thing, Ā£100 for Ā£25 cashback in one year. Itās ETF only but lower fees.
Yeah, at least this time, guaranteed not to lose anything.
My S&S ISA portfolio, however, is Ā£2.5k down on deposits
Not needed for a decade or so though.
Monzo has been in CoP for a long time. Wealthify had to manually verify my HSBC current account last year when I tried them (for the bonus).
Cheers.
I thought they were as no other provider had had issue verifying Monzo when adding as a Payee tbf