SWF 9.09% 12.0¢ selfwealth limited

Profitability, page-17

  1. 4,941 Posts.
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    "Interest scraping"? I'm totally bemused by the obsession of yourself and others with a practice that's the foundation of our banking system.

    Every SelfWealth user must be aware they're not getting any interest in their money on platform which incidentally is the same interest we receive on cash in our standard bank accounts and numerous other platforms. Much of this cash will be either small amounts left for extended periods or larger amounts held on a transitory basis pending settlement of trades. Investors will inevitably move larger static sums elsewhere.

    SelfWealth use the grouped combination of these to subsidise their service and make a profit to invest in the platform. Tick, tick. Happy customer.

    Not sure what justifies the obsessive indignation here.

    Removing important market data? Huh? Somewhere along the line you and some others have clearly picked up an axe to grind because your assertions seem more than a little silly.
    Last edited by optimistus: 12/07/24
 
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