Hey All!
Now we’ve been in lockdown for an extended period of time, I was curious as to how your spending has changed. Have you put more towards emergency savings accounts? Have you repurposed money you’d planned to spend on a holiday?
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Eehehe, I got bored of the savings account, so opened a Freetrade one and started investing in stocks (very randomly).
Me and my flatmate are going to challenge each other to see who can make the most on FreeTrade only depositing £30
I’m definitely doing this to pay off my student loan. I don’t want it hanging around - I just want it to be gone and off my back.
Until I become the winner 
With lockdown, I’ve increased my savings every month by about £500! Really help having a job in this situation
For those of you with FreeTrade working with smaller sums of money, I would be really careful with the monthly cost of £3 for the ISA.
On an investment account with £1000 in it, it represents more than a 3% fee on your invested capital per year. You’ll be better off with an account like Degiro, which charges per trade, but comes with no fixed monthly cost. In the UK, you can make £12 300 of capital gains outside an ISA, so you realistically don’t need one unless you have 50k+ invested.
My bad, double checked and doesn’t seem to be the case. Then definitely a good deal!
Yes, it’s not compulsory.
I currently use a general investment account for FreeTrade. Because it’s such a small amount I don’t need to worry about the threshold for investment income. I have my ISA with Wealthsimple - I leave the serious stuff to people who actually know what they’re doing
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I think we’re going to see how much we can make in 3 months. Getting to £200 from £30 without topping it up would take an age