Share dealing platforms - totally confused

Herbalus

Stop replying to me Bowlhead. You know I cant read what you write.

:rotfl:

A_T

dont_use_vistaprint wrote: »

The only downside I can see is there's no app, getting access to the current prices and making a deal quickly is a bit of a faff on a phone. Also I can't see any way of setting buy/sell alerts /thresholds - does anyone know a similar platform with these features

I've found the Vanguard website quite effective on a phone but you're right a dedicated app would be an improvement.

bowlhead99

dont_use_vistaprint wrote: »

One thing I've noticed though, if you don't pay regular amounts in, if you wait instead for the right price to buy and wait to long, it automaticallym sells and does a buy, and then emails you telling you have 3 lives left or something. So I just make a small regular payment to LS20 which is the lowest risk.

Their product terms talk about their funds having minimum investment of £500 or regular investments of £100 per month. If you buy less than £500 of something and then don't carry on making regular investments, it stands to reason that they would say "oi, you're not supposed to use our service like this".

Or maybe you are needing to pay the periodic 0.15%/yr admin fee and don't have enough cash sitting around in the account, so they had to sell something to release a few pounds of cash to cover your fees.

I've not looked at how to buy / sell FX here , don't know if its possible

I don't think they offer a multicurrency cash account as haven't seen them advertising that functionality, but happy to be corrected if so.

dont_use_vistaprint wrote: »

The only downside I can see is there's no app, getting access to the current prices and making a deal quickly is a bit of a faff on a phone. Also I can't see any way of setting buy/sell alerts /thresholds - does anyone know a similar platform with these features

Best to treat investing as a long term process. It's very unlikely that you really *need* to know the current price or 'make a deal quickly'.

As open-ended funds (OEICs / Unit Trusts) are forward priced, fund platforms don't take stop or limit orders for them, though some brokers will do stops and limits on ETFs as they are exchange traded products with live prices throughout the business day, just like individual company shares. Some brokers (like HL.co.uk) do emailed price alerts for shares but not sure if they extend it to ETFs too (used to be just FTSE350 stocks). You may find third-party financial news information services to be your best bet, e.g. http://www.londonstockexchange.com/prices-and-markets/stocks/tools-and-services/email-alerts/email-alerts.htm although the stock exchange won't carry OEIC prices.

ValiantSon

bowlhead99 wrote: »

The system works as intended. If you don't want to see someone's posts because they are obnoxious or a spammer or you just don't like what they have to say, you flag them to be ignored - then whenever they write anything the system knows you don't want to see it, so in the gap between other people's posts, it replaces the ignored person's post with a line of text saying there would have been a post here but you're ignoring its author. So you don't have to scroll past several paragraphs of text that you don't want to read, but the post numbering of everyone else's posts keeps its integrity. You'll only see the ignored person's words if someone who's not ignored, quotes them in their own not-ignored posts.

However, Valiant keeps engaging with A_T and writing posts to him saying "remember, I'm ignoring you" and then seeing there are some later posts from A_T, and replying "hey, you're still replying to me". If he's genuinely got the ignore function on, he won't of course know whether A_T is replying to him, or replying to me, or posting some new content which isn't a reply to anything specific. Unless he goes back to his control panel and temporarily un-ignores A_T then comes back to the thread to see what was said.

The fact that he is saying 'stop replying to me, I can't see it' implies that a) he hasn't really ignored him at all; or b) he has ignored him but doesn't want to miss out so keeps unignoring him; or c) he has genuinely marked him on ignore but is so egotistical that when he can see thaht A_T has contributed something to the thread he assumes it must be addressed to him, and feels compelled to write another post to tell that other poster not to keep talking to him because "la la la I'm not listening"


It does rather seem, that when you can't even see that someone has said anything on the thread directed at you (because you have had the system redact the contents of their post), but just in case it was something directed at you, you still keep telling them and the world that they are ignored and should not say anything more on this thread - it is YOU who are trying to have the last word, like a five year old rather than a grown adult. You have electronically censored what the other person has said so that you don't even know if they are talking to you, but just in case they are talking to you, if you observe they've written a post you will say 'stop trying to get the last word', thereby grabbing the last word for yourself.

It's somewhat amusing to see someone throw a tantrum like this. Can I go on the ignore list too please?

Whatever.

If I'm behaving like a five year old then what does it say about you who is trying to provoke that said behaviour?

bowlhead99

ValiantSon wrote: »

Whatever.

If I'm behaving like a five year old then what does it say about you who is trying to provoke that said behaviour?

La la la I'm not listening.:dance:

ValiantSon

bowlhead99 wrote: »

La la la I'm not listening.:dance:

Writing patronising posts containing ad hominem attacks on me (or anyone else) could reasonably be considered to be childish behaviour. You accused me of being childish, but your own behaviour has been, so you are just as guilty as you claim I am. If you really believe that I am wrong in my behaviour (not that it has affected you) then surely the adult way to behave would be to ignore me.

Many of your posts on this forum are informative (if rather verbose), but you can sometimes come across as patronising. I tend to assume that this is unintentional when I read your replies (not necessarily to me) and give you the benefit of the doubt. However, when you weigh in on argument between others and then descend to making personal attacks I start to wonder if your previously noted patronising tone is less accidental than I first assumed.

Dealing, as I do on a regular basis, with children who are engaged with bullying behaviour, your recent posts, including the last one, would fit that category. It is sad to see the descent of apparently intelligent adults into this kind of behaviour because they are protected behind the anonymity of the internet.

TBC15

Hands up, who just googled hominem.

bowlhead99

ValiantSon wrote: »

Writing patronising posts containing ad hominem attacks on me (or anyone else) could reasonably be considered to be childish behaviour. You accused me of being childish, but your own behaviour has been, so you are just as guilty as you claim I am.

Well, two wrongs don't make a right, do they. I generally look to criticise the argument if there's one worth criticising, but is someone is flooding a thread with childish behaviour then criticising the behaviour is a fine thing to do, so I did. And surely you wouldn't be offended by me making childish quips when you yourself are being childish, I'm happy to join the party.

If you really believe that I am wrong in my behaviour (not that it has affected you) then surely the adult way to behave would be to ignore me.

No, I don't know about that. If I see someone dropping litter in the street I'm walking down, maybe I should call out that person for dropping litter on my street (even though I don't own the street). It's the adult way to behave and may discourage them from doing it again even when nobody is looking.

Likewise if I see someone being silly online on the forum on which I'm posting, maybe I should call out that person for being silly online (even though I don't own the forum) in the hope that it discourages them from doing it again.

However, when you weigh in on argument between others

If one has an opinion, one can join one side or the other of the argument. That's what discussion forums are for...

and then descend to making personal attacks I start to wonder if your previously noted patronising tone is less accidental than I first assumed.

Don't worry, I was not attacking the person, just the behaviour, which went:

#67 "I can't provide a quote to back up what I said that you'd said but it's evident you're spoiling for an argument and I'm not so I'm not going to continue"

#69 "it's evident you're spoiling for an argument but I'm not going to continue this and now you're on ignore"

#71 "you keep saying things after I've told you you're on ignore, stop trying to have the last word, I'm saying this for the last time as I'm not going to continue this"

#75 "hello I still can't see what you're posting but I assume you're replying to me, this just proves you are trying to have the last word but as I keep pointing out, you are on my ignore list, I look forward to seeing your next post which I'll ignore"

#79 "It took you 11 minutes to reply to me [though you are on ignore so I don't know if you were replying to me or not]"

Wow.

Dealing, as I do on a regular basis, with children who are engaged with bullying behaviour, your recent posts, including the last one, would fit that category. It is sad to see the descent of apparently intelligent adults into this kind of behaviour because they are protected behind the anonymity of the internet.

Was it post #82 where I said it was amusing to watch you have a tantrum (not that I would condone mocking adults who have genuine mental problems, but cracking a smile at this seemed more like being amused by cartoon violence / car crash TV / a bit of schadenfreude) - or #87 where I 'ironically' said I wasn't listening to you and used the dancing emoticon - that you took as me bullying you?

I will of course understand if you decline to have the last word.

Zorillo

bowlhead99 wrote: »

Yes, that would be the right thing to do. And as you say, the amount you are reserving is prudent enough to very comfortably cover the fees. If the fund performed such that for the average of the whole year, its value was £6000: the average quarterly charge would be less than four quid. And being realistic, it isn't going to perform that well. But reserving £25 and investing the rest isn't going to cripple your performance compared to only reserving £15 or £12.

So, you could place your order to buy £3975 of the fund, exclusive of dealing fee. And then the dealing fee of £1.50 will leave you with £23.50 cash in the account out of the original £4000, and then at the end of every April, July, September, January they will take the fee for the quarter just gone, but the fees won't be high enough to totally deplete the £23.50 between now and next April. Obviously if you add new money from your 2018/19 allowance during that time, or the fund grows spectacularly, the fees will start to tick up.

Thanks Bowlhead.

Two more things.
1) I placed the order on Friday night; does the fact that today was a BH here but not in the US and the markets there dipped today work in my favour, as my order will go through tomorrow, or is it irrelevant as I'll pay whatever the price was at the weekend? I assume the former, but my luck doesn't normally work that way.

2) I had planned to buy ACC units but on reviewing my order I have bought INC units through carelessness. Is this a big problem (other than either incurring dealing fees or having small amounts of cash uninvested whilst I wait for my next planned deal)? Would the solution be to sell them and rebuy ACC and incur £3 dealing charges (plus whatever way the markets move), and if so is it worth it?

bowlhead99

Zorillo wrote: »

Thanks Bowlhead.

Two more things.
1) I placed the order on Friday night; does the fact that today was a BH here but not in the US and the markets there dipped today work in my favour, as my order will go through tomorrow, or is it irrelevant as I'll pay whatever the price was at the weekend? I assume the former, but my luck doesn't normally work that way.

There won't have been any subscription or redemption requests accepted on Friday night or Saturday or Sunday or Monday as they were not UK business days.

So, your platform provider (e.g. AJ Bell) would recognise your order that you dropped into him outside business hours, when it's next business hours - i.e. on Tuesday morning - and should pass it on in time for the cut-off for the fund manager to accept the subscription request at their next pricing point, on Tuesday. Depending what particular fund you bought in the end, the pricing point might be something like 9pm after the US markets have closed for 3 April. So even though you have seen (e.g.) Netflix fall 5% today, it might rise 6% tomorrow and you won't actually get a better price than you would have got if you'd put your request in first thing last Friday morning and caught Friday's pricing point.

2) I had planned to buy ACC units but on reviewing my order I have bought INC units through carelessness. Is this a big problem (other than either incurring dealing fees or having small amounts of cash uninvested whilst I wait for my next planned deal)? Would the solution be to sell them and rebuy ACC and incur £3 dealing charges (plus whatever way the markets move), and if so is it worth it?

I wouldn't worry about it too much as a (for example) 6% annual return you're missing out on, on a (for example) 1% interim dividend which is uninvested for half a year until you are ready to redploy the money by paying another dealing fee anyway at the time you make your next annual contribution... is only half of 6% of 1%, which is 0.03%. You really won't notice that within your returns. Having that 'cash float' arriving in your account periodically helps out with ongoing platform fees though it's more than you need for that purpose of course.

So it's not a major problem. But in a month or two when you get the LISA bonus you will be looking to invest that extra £1000 and pay a £1.50 fee to do it. If around the same time you also sell your existing INC fund (with a £1.50 cost for doing so) you can just redeploy all the money in buying an ACC fund and fix the problem for good - leaving as little 'spare' cash as you like - with your £1.50 purchase dealing fee you were going to spend anyway on using up the bonus money.

In that way you would only be spending an 'extra' £1.50 over and above what you were going to spend on dealing fees this year, rather than another £3 (for a £1.50 sale and another £1.50 purchase just to fix this Inc vs Acc problem).