As seen in the Sunday Times
I managed to make it into the Sunday times this weekend. I had 3 paragraphs about my thoughts on stock trading apps.
Ben Luong, a freelance Google Analytics consultant based in Limerick, has accounts with Degiro, Interactive Brokers and Bux Zero. He sees no point in paying higher fees to use the platforms of the longer-established Irish brokers. “A share in Google is a share in Google; it doesn’t matter which app you buy it through,” he says.
“You pick the stock you want to buy, and they buy on your behalf. Some have certain shares or funds you can buy while others don’t, but if you’re a middle-of-the-road investor who wants to buy, say, an S&P 500 fund, they’re all pretty much the same.”
Luong has done some spread betting online — this is tax-free as it is deemed gambling — but says he would not touch cryptocurrencies with a bargepole.https://www.thetimes.co.uk/article/rookie-irish-investors-ride-the-share-trading-revolution-qvfdxcxf7
The article is about people using new apps to trade shares rather than your traditional broker. Think of Wolf of Wall Street or the original Wall Street movie. You used to have to ring up your stockbroker to buy shares. You can imagine this was expensive. Even with the internet, fees are quite high to make trades.
These new apps make trading really cheap and it lures new investors who sometimes don’t know what they are doing. With the internet and a very efficient market, that doesn’t really matter if you are just buying and holding. If you use leverage, then it’s a recipe for disaster.
I got interviewed because the journalist read a blog post of mine. Michael from the Irish Fire Podcast passed on my details, which led to a 30-minute telephone interview. It shows that ranking in Google for certain topics helps. If you can rank in your niche, journalists will get in touch with you.
Unfortunately for SEO I didn’t get a link but going forward I can say, as seen in the Sunday Times. Derek from Engineermyfreedom also got a mention and luckily a link. I guess it’s just the luck of the draw but still worth it. If you produce quality content, journalists will get in touch with you at some point.