Trading 212 pies - record keeping

Horracce

Hoenir said:

Horracce said:

A pie is a collection of securities - stocks & ETFs…….

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. 

Perhaps but think of it more like creating your own ETF or being allowed to use others’ designs .. some pies recreate ETFs that we are not allowed to access in the UK ..

wmb194

ColdIron said:

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 users

Just idle speculation on a wet Thursday night

It does but market makers are exempt from SDRT and I'd presume that's how it would try to structure itself. The stamp duty (SDRT) charged to retail customers should be passed on to HMRC as it's supposed to apply to secondary market transactions.

https://www.gov.uk/hmrc-internal-manuals/stamp-taxes-shares-manual/stsm031150

wmb194

Horracce said:

Hoenir said:

Horracce said:

A pie is a collection of securities - stocks & ETFs…….

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. 

Perhaps but think of it more like creating your own ETF or being allowed to use others’ designs .. some pies recreate ETFs that we are not allowed to access in the UK ..

Yes, precisely. It's really not that hard and depending on what you're copying it doesn't have to take a lot of time and research e.g., if you copy City of London IT's (LSE:CTY) investments you end up with a lot of the usual blue chip names from here and abroad that you might have held for the last thirty years. Then you can follow CTY's monthly commentary to see what changes it's been making and you'll notice it makes very few...

frugalbean

A related T212 issue I've faced - on the app, I can just see ‘simple rate of return’ (gain/loss as a percentage of the total sum invested) but can’t see ‘time-weighted rate of return’ (takes into account when you deposited the money and the time its been invested for). Any idea how I could calculate it myself easily?

[Sorry to hijack this thread, can move my question elsewhere if help) 

Hoenir

wmb194 said:

Horracce said:

Hoenir said:

Horracce said:

A pie is a collection of securities - stocks & ETFs…….

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. 

Perhaps but think of it more like creating your own ETF or being allowed to use others’ designs .. some pies recreate ETFs that we are not allowed to access in the UK ..

Yes, precisely. It's really not that hard and depending on what you're copying it doesn't have to take a lot of time and research e.g., if you copy City of London IT's (LSE:CTY) investments you end up with a lot of the usual blue chip names from here and abroad that you might have held for the last thirty years. Then you can follow CTY's monthly commentary to see what changes it's been making and you'll notice it makes very few...

CTY currently has 84 holdings. Monthly they publish the top 10 by weighting in the portfolio. While there's some commentary regarding changes there's not specific detail to mirror activity. Likewise it's also well after the event. 

wmb194

Hoenir said:

wmb194 said:

Horracce said:

Hoenir said:

Horracce said:

A pie is a collection of securities - stocks & ETFs…….

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. 

Perhaps but think of it more like creating your own ETF or being allowed to use others’ designs .. some pies recreate ETFs that we are not allowed to access in the UK ..

Yes, precisely. It's really not that hard and depending on what you're copying it doesn't have to take a lot of time and research e.g., if you copy City of London IT's (LSE:CTY) investments you end up with a lot of the usual blue chip names from here and abroad that you might have held for the last thirty years. Then you can follow CTY's monthly commentary to see what changes it's been making and you'll notice it makes very few...

CTY currently has 84 holdings. Monthly they publish the top 10 by weighting in the portfolio. While there's some commentary regarding changes there's not specific detail to mirror activity. Likewise it's also well after the event. 

Yes, of course, but you can pick the whatever number you prefer and, like I said, its holdings, and many other funds of this type, don't actually change very much. The point is, you can create your own fund minus the management fee.

Including CTY, for many ITs you can find their full holdings lists very easily and you can notice the changes with this, see below. The full holding list is at 31/01 rather than 29/02 as per the top ten but essentially it's what you'd expect in a UK plus a few foreign equity income fund...





https://www.janushenderson.com/en-gb/uk-investment-trusts/trust/the-city-of-london-investment-trust-plc/portfolio/

masonic

frugalbean said:

A related T212 issue I've faced - on the app, I can just see ‘simple rate of return’ (gain/loss as a percentage of the total sum invested) but can’t see ‘time-weighted rate of return’ (takes into account when you deposited the money and the time its been invested for). Any idea how I could calculate it myself easily?

[Sorry to hijack this thread, can move my question elsewhere if help) 

Acquaint yourself with the XIRR function in your favourite spreadsheet program. You just need the dates and amounts of your cash flows into the portfolio and its final value.