Really Poor Investment App. Avoid if Possible!
I have transferred my Cash LISA into a Stocks & Shares LISA as I have been using a Stocks & Shares ISA with success (I use common & popular ETFs). I use Trading 212 which has plenty of options & tools to use to make investment decisions. I expected to have plenty of options for investment as I have heard good things about AJ Bell however there is an extremely poor choice of options with performance data so poor that it might as well not be there as it barely provides any detail.
I have noticed that the app is not able to add up my investments properly & give the correct investment change percentage. This is very concerning as that is something that is very basic.
They clearly state that there will be reminders for the charges on the account however, I have not received any & have chased up about it yet I still don’t receive the reminders.
The only good thing I can say about this platform is it has low fees, otherwise please avoid using Dodl!
I have noticed that the app is not able to add up my investments properly & give the correct investment change percentage. This is very concerning as that is something that is very basic.
They clearly state that there will be reminders for the charges on the account however, I have not received any & have chased up about it yet I still don’t receive the reminders.
The only good thing I can say about this platform is it has low fees, otherwise please avoid using Dodl!
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Response from developer
Hi there, thank you for sharing your feedback, our team are always working to improve the app experience. If you have any specific questions, please let the team know at hello@dodl.co.uk
Super easy app
It took me a while to get used to this app as I’d used another platform previously.
I was advised that the funds offered by this company were trustworthy and more likely to gain long term returns.
I am pleased so far with how my investments are going and have learned a lot from this great app for new-ish investors like myself.
I was advised that the funds offered by this company were trustworthy and more likely to gain long term returns.
I am pleased so far with how my investments are going and have learned a lot from this great app for new-ish investors like myself.
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App has a lot of potential
Really like what the app does. It’s easy to choose what to invest and they give you plenty of choices to pick from that align with your risk appetite. You can also quite easily see how your money is doing over time.
Now the not so good, as a UX Designer this app is quite difficult to get your head around. You don’t always know how to invest monthly. Took me ages to get used to it and to be honest, I’m still not. When the money will be reinvested is not clear and how you go about it isn’t clear either. You expect to put them one in and it’s done on your behalf. But if you don’t actively do it, then it just sits in your pot. I think for one-off this makes sense, but monthly you’d expect it’s done automatically for you. Almost like a direct debit for your investment choice.
Now the not so good, as a UX Designer this app is quite difficult to get your head around. You don’t always know how to invest monthly. Took me ages to get used to it and to be honest, I’m still not. When the money will be reinvested is not clear and how you go about it isn’t clear either. You expect to put them one in and it’s done on your behalf. But if you don’t actively do it, then it just sits in your pot. I think for one-off this makes sense, but monthly you’d expect it’s done automatically for you. Almost like a direct debit for your investment choice.
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Mr
While it’s a great app, and I appreciate it’s meant to offer a simplified range of funds; there is “simplified” and then there is simplified. In the current climate, a few more funds for precious metals other than gold would be good. Moreover, with an overvalued US market, why not have a “World ex-US” fund as a simple way to diversify your portfolio while avoiding the US? Just a few more funds would strike a slightly better balance between simplicity and optionality.
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Good
I have been using for a year or two. I’m a beginner into investing. Not used other platforms but this is simple enough. The range is limited but enough it feels if you doing want to be bombarded with Tons of ETFs, shares etc. the funds AJ Bell chose appears stable. Messaging is fine in app. Transfer took a few days from another high street account. My Portfolio is up.
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