Trading 212 pies - record keeping
Hi all, can anyone spread light on how they do record keeping on “pies” whilst using Trading 212 ?
Some pies can be quite big (upto 50 different companies) .. so if held in a GIA, and gains are made, how does anyone go about listing / calculating the elements within to get the calculations done?
Comments
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What's a pie? Unusal investment terminology.0
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A pie is a collection of securities - stocks & ETFs. Each security is represented as a slice of the pie. Each pie can hold up to 50 securities. You can have multiple pies. Pies can be designed by you, by the platform or by fellow users of the platform. You can rebalance percentages of each slice using a slider for each slice or in bulk for the whole pie. Slices are invariably fractional shares / ETFs .. you can manually or auto invest in the pie and allocation to slices is allocated based on your previous designation(s) .. hope this explains it ok ..
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I’ve recently copied the UK Income Factory pie for dividends. I had deposited £1 with Hargreaves Lansdown a while back so I could continue to use their app, as I find it pretty easy to maintain several watchlists there to have an overview of all my investments. Adding all the share fragments manually to the HL app was a complete pain though, and will be another headache updating any further lump sum investments. I don’t know if anywhere has an API that would pull the required info from T212 but it would certainly be useful.1
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Horracce said:
Hi all, can anyone spread light on how they do record keeping on “pies” whilst using Trading 212 ?
Some pies can be quite big (upto 50 different companies) .. so if held in a GIA, and gains are made, how does anyone go about listing / calculating the elements within to get the calculations done?
Of course, if you use pies in an Isa you don't need to worry about record keeping at all.
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Might do that after April 6th0
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You can rebalance percentages of each slice using a slider for each slice or in bulk for the whole pie.
If you do this does it involve buying and selling of the existing pie slices? That sounds like a lot of record keeping and you wouldn't want to do it too often
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ColdIron said:You can rebalance percentages of each slice using a slider for each slice or in bulk for the whole pie.
If you do this does it involve buying and selling of the existing pie slices? That sounds like a lot of record keeping and you wouldn't want to do it too often
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Horracce said:
A pie is a collection of securities - stocks & ETFs. Each security is represented as a slice of the pie. Each pie can hold up to 50 securities. You can have multiple pies. Pies can be designed by you, by the platform or by fellow users of the platform. You can rebalance percentages of each slice using a slider for each slice or in bulk for the whole pie. Slices are invariably fractional shares / ETFs .. you can manually or auto invest in the pie and allocation to slices is allocated based on your previous designation(s) .. hope this explains it ok ..
If the funds are invested in pie within a GIA rather than an ISA. Hopefully you can download the data into a spreadsheet. As the record keeping seems potentially to be extremely time consuming. The greater the number of pies the bigger the potential headache when it comes to reporting CGT.
Strikes me as being little more than the gamification of investing. As 50 stocks of any description is far too many for an amateur investor to either research or keep track of properly in a portfolio.1 -
Do T212 charge stamp duty on fractional UK shares? T212 must have an internal pool of shares which they have paid SDRT on and presumably would want to recoup by passing on to their clients. A lot of churn, some resulting from frequent or heavy handed use of the slider, must produce a small but perhaps not insignificant positive income stream for them and consequent leakage for their usersJust idle speculation on a wet Thursday night1
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ColdIron said:T212 must have an internal pool of shares which they have paid SDRT on and presumably would want to recoup by passing on to their clients.1
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