3%? Hardly worth it unless you bet the farm, surely?
And if you did bet the farm - so presumably could afford losing it - you must be so rich that 3% is nothing other than a minor distraction?
And now you have to continue with this quasi day trading because 3% of anything other than a really big number is very little, and you end up paying more fees and getting exposed to more risk.
Not wanting to rubbish it. 3% in a day is obviously not to be sniffed at. But it's also easily wiped out. The danger we all have as consumers is making the platforms rich whilst taking home too little based on the risks we take.
I'm not rich by any stretch...but index fund can just be held if the trade goes sour...still producing dividends and no stamp duty. So only the £12.50 commission.
Over trading, and account fees are one to watch out for.
3%? Hardly worth it unless you bet the farm, surely?
And if you did bet the farm - so presumably could afford losing it - you must be so rich that 3% is nothing other than a minor distraction?
And now you have to continue with this quasi day trading because 3% of anything other than a really big number is very little, and you end up paying more fees and getting exposed to more risk.
Not wanting to rubbish it. 3% in a day is obviously not to be sniffed at. But it's also easily wiped out. The danger we all have as consumers is making the platforms rich whilst taking home too little based on the risks we take.