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Stocks help

edited 30 November -1 at 1:00AM in Savings & Investments
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gt568gt568 Forumite
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edited 30 November -1 at 1:00AM in Savings & Investments
Dudes please be gentle....

Way back in 2012 I bought £200 worth of penny stocks in 2 different companies (£100 in each). Then I promptly forgot about it. Today I got an email saying I owed them £94.80.

How is this possible? They list the account as follows:
Total Investments + Total Cash = Total Value all accts
£50.13 £-94.80 = £-44.67

I never expected to get rich, but I am a little baffled here. Thanks!
:silenced: Down with the signature fascists!!:naughty:

Replies

  • jimjamesjimjames Forumite
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    Fees for the platform you were holding them on?

    Your numbers don't seem to add up. According to that you don't owe £94 but £44
    Remember the saying: if it looks too good to be true it almost certainly is.
  • frugalmacdugalfrugalmacdugal Forumite
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    Hi,

    does your account have a quarterly admin fee that hasn't been charged?
    Y'all take care now.
    happy0207.gif

  • gt568gt568 Forumite
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    jimjames wrote: »
    Fees for the platform you were holding them on?

    Your numbers don't seem to add up. According to that you don't owe £94 but £44

    Sorry yes, that seems correct. The email said -94 owed, but when the balance of the stock gets added in it becomes 44 as you state.
    :silenced: Down with the signature fascists!!:naughty:
  • gt568gt568 Forumite
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    Hi,

    does your account have a quarterly admin fee that hasn't been charged?

    Could be. I was originally with Natwest, which has become TD. There are a number of qrtly admin fees, that were charged up until the end of 2014! Woops.

    I wonder why they stopped.
    :silenced: Down with the signature fascists!!:naughty:
  • edited 1 February 2017 at 6:13AM
    frugalmacdugalfrugalmacdugal Forumite
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    edited 1 February 2017 at 6:13AM
    Hi,

    TD have a £20 + vat (£24) bi-annual charge, but looks as though they refunded charges for 2015-2016.

    From TD:

    TD Trading Account (including TD Pension Trading Account)

    £20 + VAT per charging period, or

    FREE if you: place 1 or more trades in the charging period, or have a portfolio worth £15,000 or more, or hold Funds (Unit Trusts or OEICs) worth £10,000 or more, or have a linked TD ISA or TD SIPP

    Charging periods are on 1st January to end June, and 1st July to end December.

    To thank our customers we have chosen to refund trading account fees for 2015 and 2016.
    Y'all take care now.
    happy0207.gif

  • MalthusianMalthusian Forumite
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    Seems fairly straightforward to me. You probably wouldn't mind if the shares had gone up by 100x in value. Time to cut your losses.
  • gt568gt568 Forumite
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    Malthusian wrote: »
    Seems fairly straightforward to me. You probably wouldn't mind if the shares had gone up by 100x in value. Time to cut your losses.

    Helpful. My OP was because I was confused as to how my shares could be negative in value. Well they aren't, it appears it's the admin fee. I wasn't bothered that they had gone down IYSWIM.
    :silenced: Down with the signature fascists!!:naughty:
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