Once you’re on Football Index and you start to pick up several players, you now have a Football Index portfolio to manage. So, let’s take a look at the portfolio section of the app. The first thing you can see is a nice overview of your portfolio at the top of the screen, giving you the number of futures, players and profit that you’ve made from your current holds.
A tip from the experts: These profit and value figures are based on the player’s current buy price. Don’t forget to take off 2% commission and/or spread when you’re calculating your actual profit on a trade!
There’s a variety of ways you can order your Football Index portfolio using the drop-down menu in the top right-hand corner. We’d recommend A-Z simply because it is the easiest and quickest setting to help find a specific player you’re looking for, and sometimes those seconds can be crucial! It also has a filter for players you have in the sell queue and a search bar. (Note: on the desktop site it is automatically ordered in terms of longest hold).
Sometimes, you won’t buy all the shares you want in a particular player in the same transaction, or in the same time period, and that’s fine. When you add shares to your portfolio in the same player, the buy price shown in your portfolio is automatically calculated as an average of the prices you’ve paid for the shares. An example can be seen below from before the share split when two different transactions were used to buy Cristiano Ronaldo. The first 100 at £11.63 and the second at £12.29, giving an average cost price of £11.85.
You do not lose any profit from the average cost price increasing!
A tip from the experts: Get into the habit of not allowing the cost price to affect your judgement. It is their current price that matters and what you think will happen to it. Many people are happy to watch a player fall as long as they are “still in the green.” A falling price is costing you money, whether it is above or below the price you paid. Don’t be afraid to sell. It’s not about who can keep the lowest buy price, as that is more than likely not the most profitable or efficient thing to do!
Once your Football Index portfolio begins to take shape, it is not uncommon to have a large number of players. This can often become difficult to track so there are a few things you can do to help keep up. The first is using the numbers that you are given. The first one is the all-time profit figure. This will match the profit figure at the top of your portfolio section and will show you the total profit from all your open trades. Therefore, this won’t include profit from previous trades or money earned from dividends. The 7 day and 24-hour figures show the change in portfolio value over those times, again, for the trades that were open at that the start of that period, so no players purchased or sold within the 7-day period will track on the 7-day profit figure, with the same happening for the 24-hour figure too.
While these are helpful, they are not great for tracking overall profits, so it is definitely worth creating some form of record for yourself. A simple Excel spreadsheet often suffices, all you need is to take your Football Index portfolio value plus your cash balance and deduct your net deposits. By simply calculating this once a week, you can easily keep track of how you are doing over a period of time. You can essentially make a spreadsheet as complicated or simple as you want. Some people track their daily profits, others compare their profit to the FOOTIE change as an indicator of the market’s overall change. It is completely up to you!