Football Index Bank Builder
Challenge: £2,500 to £10,000.
Table of Contents
Football Index Bank Builder
I have been meaning to start a bank builder challenge for such a long time. When the Matching Engine was released, I saw the ideal opportunity.
The aim of my bank building challenge is to turn £2,500 of my own money, into £10,000. There are a few rules based upon this; I can only use the Matching Engine to buy my players.
I’ve also set myself a time limit to achieve this. I aim to be completed by the end of the year. I have less than 6 months to complete my bank builder, quadrupling my money in the process.
This area will contain all of my latest updates, YouTube videos & progress updates.
This is called the ‘Matching Engine Bank Builder Challenge’.
Episode 1: Getting Started
Episode One was always going to be the toughest video, as I had to ensure I got off to a good start.
It wasn’t going to be easy to pick the players I would like in my portfolio, but I decided to go all-in very quickly.
I welcomed Pogba to my portfolio, nearly spending all of my balance in doing so. Pogba had a £7.77 purchase price at the time, but instead, I placed a £7 bid. This was accepted pretty quickly, meaning I was now the proud owner of 300 shares, at a pretty good price.
Ready to Start Trading?
When you register at Football Index, you can claim a special offer. This will enable you to trade risk free, where any losses up to £500 are refunded, as cash. Remember to use code FIA when you sign up.
Problems with my First Trade
Instantly, I was a little confused at why I’d just spent almost all of my balance on a single player.
If he drops, my Bank Builder challenge is going to face serious problems, as with the short timeframe I’ve given myself, I can’t allow for too many slips. Especially right at the start!
I had £400 left in my balance, but I can’t really do much with that alone. Even if I were to get on a player that doubled in value, that would only leave me with £800.
My decision was to sell Pogba. He’s a good hold, but not for the Matching Engine Challenge.
To my amazement, he sold during the night. I woke up to a balance of just over £2,700, which means I had cleared almost 10% profit in a single day.
I’m under no illusion, I will need a few of these trades in my Football Index Bank Builder, to have any hopes of quadrupling my investment.
The money was back in my Balance, and I could then get to work on finding who to purchase next.
This time, I would be splitting my money over a select few players, whilst not spreading too thin that it becomes hard to profit.
Players I Purchased
I decided to add the following players to my portfolio:
- Aaron Martin Caricol
- Lucas Hernandez
I purchased Aaron Martin when I was playing around with the matching engine. He had a Buy Price of £0.55, but I placed a £0.31 bid. I tried to get 300, but only 66 matched up, before his price increased slightly.
I purchased Aaron Martin in the hopes that he would have a slight revival. However, at £0.31, I only need Mainz to keep a single clean sheet for decent ROI. I’ve got him up for sale though, at the price of £0.55.
Total Cost: £20.46
Target Sell: £36.30 (based upon him market selling at £0.55).
I don’t really have enough shares in him, to cause a big increase on my profit margin. The investment is probably better off elsewhere for me on this one, as I may struggle to sell.
I purchased Rodri when I saw that his spread was quite wide. His buy price was £2.42, but I managed to get a bid matched at £2.21.
I’ll take a 10% discount. However, I will need to focus my sights on a larger rise going forward, as too many of these will mean that I struggle to hit my Challenge goal.
I only managed to purchase 90, the others were cancelled as the bid price raised.
Total Cost: £198.90
Target Sell: £230.00
Again, he’s an ideal type of player for this challenge, as a dividend win could see a huge spike, however, if I keep him too long, it makes the challenge so much harder!
This one was speculative. With Pavard now the #1 right back, moving Kimmich into midfield… I saw a potential opportunity.
He could get his chance in the Bayern side, which would see a demand rise. Now, I am speculative with this one, but I’m happy with the discount I received on the trade.
I managed to get 1,358 matched up, with a total cost of £1,181.46.
I’m not 100% confident in the trade, but it could definitely offer me a rise upto around 30-40%, providing he’s given a chance.
Total Cost: £1,181.46
Target Sell: £1,400
He’s definitely able to get me towards this £1,400 figure. I should also benefit from the slight whispers about Man City taking a look at him, also.
I don’t think I’ve ever timed a trade this well, in my life.
I purchased Gerson when I noticed he had a mega tight spread of literally just £0.02.
It can be a tell-tale sign that the players about to increase, but I didn’t realise it would be that quick.
I purchased Gerson & within hours, there were rumours that Spurs had bid £16 million, with it being rejected.
I purchased him at £0.86, he was £0.95 to purchase directly so I did actually get lucky.
If those didn’t match up, I’d have been left behind.
Total Cost: £1,351.92
Target Sell: £2,300
I’m not sure if i’ve set my sights too high, or too low with this one.
It’s going to be something that I assess on a daily basis, as he’s already at £1.18 which will give me £500 profit today.
What should I do?
Football Index Bank Builder Challenge: Conclusion
I’ve spent £2,750, which left me with £1.84. I’m not sure where this challenge is heading, but the immediate increase of Gerson has left me motivated, with the belief that providing I pick my punts correctly, I can achieve this.
I knew when I set the challenge it wouldn’t be a walk in the park.
Right now, if I were to sell all of my players, they would return £3,436. I think collectively, I can aim for £4,000 after commission.
Stay tuned for Episode 2 of the Football index Bank Builder Challenge. Also be sure to check out my YouTube channel, where you can find Football Index content.