Transferring partial previous years ISAs to iWeb

dllive

ColdIron said:

Sorry, some clarification:

What IWeb call 'book cost' is the same as what HL call 'cost'. This is the 'total cost of purchase' for all the units you hold on each platform. This is the figure you want IWeb to update for you. IWeb's 'Avg Cost Per Share' will be correct if the book cost is correct

If you did a full transfer (of Vanguard funds) from one platform, say HL, to IWeb you could just use HL's 'cost' figure (assuming it was correct). If you subsequently did a full transfer from Vanguard you would just add their 'total cost of purchase' to it

But it looks like you are doing partial transfers. If I understand correctly, partial from Vanguard (in terms of fund value), partial from HL (in terms of funds but not value, only Vanguard funds in full) and final full from Vanguard

So in that instance you would need the average cost per unit (what you have titled 'Book Cost' above) multiplied by the number of units that were transferred

If you end up transferring all your funds from both platforms your IWeb 'book cost' would be the total cost of purchase across both originating platforms

Are you still with me?

Are you thinking for the purposes of tax (these are ISAs, so tax not applicable) or to get precise reporting? Just curious.

Yes, ignore that comment

Haha, thanks Coldiron. I think I need a bit of time to digest what youre saying. Ill take another swing at it later after a strong coffee.  

dllive

Stargunner said:

dllive said:

masonic said:

The book cost will be the total cost of your units divided by the total number of units. HL normally show this figure on your account breakdown, and it is probably correct if you've not done any transferring in to them.

You can then use this to calculate the total cost of the units that end up at iWeb, and a new book cost of your combined holdings there.

Ive just calculated my book price for each fund:

FUND                                         Total cost   /  Total units  =  Book cost         

LifeStrategy® 100% Equity Fund                  £9,596.79      31.4330        £305.30

FTSE Developed Europe ex-U.K. Equity Index      £1,502.00      4.3186         £347.79

FTSE Developed World ex-U.K. Equity Index       £1,390.10       2.8072        £495.19

FTSE Global All Cap Index Fund                  £3,342.39       18.6727       £178.99

U.S. Equity Index Fund                          £2,504.25       3.3413         £749.48

All of the above are accumulation funds. Do I need to factor for this somehow or will the above suffice?

Thanks

Is there any particular reason that you have 5 funds with relatively small amounts in, rather thsn just having it all invested in one global tracker.

Indeed there is: I like to make life needlessly more complicated than it needs to be!! Doh!.

I know the rational thing to do is just hold one global tracker, but I cant resist adding a few different funds for the sake of feeling Im 'doing' something proactive!

I justify this to myself as at least it stops my chimp brain from making speculative investments on crypto.

badger09

dllive said:

Stargunner said:

dllive said:

masonic said:

The book cost will be the total cost of your units divided by the total number of units. HL normally show this figure on your account breakdown, and it is probably correct if you've not done any transferring in to them.

You can then use this to calculate the total cost of the units that end up at iWeb, and a new book cost of your combined holdings there.

Ive just calculated my book price for each fund:

FUND                                         Total cost   /  Total units  =  Book cost         

LifeStrategy® 100% Equity Fund                  £9,596.79      31.4330        £305.30

FTSE Developed Europe ex-U.K. Equity Index      £1,502.00      4.3186         £347.79

FTSE Developed World ex-U.K. Equity Index       £1,390.10       2.8072        £495.19

FTSE Global All Cap Index Fund                  £3,342.39       18.6727       £178.99

U.S. Equity Index Fund                          £2,504.25       3.3413         £749.48

All of the above are accumulation funds. Do I need to factor for this somehow or will the above suffice?

Thanks

Is there any particular reason that you have 5 funds with relatively small amounts in, rather thsn just having it all invested in one global tracker.

Indeed there is: I like to make life needlessly more complicated than it needs to be!! Doh!.

I know the rational thing to do is just hold one global tracker, but I cant resist adding a few different funds for the sake of feeling Im 'doing' something proactive!

I justify this to myself as at least it stops my chimp brain from making speculative investments on crypto.

BIB
Doing something proactive might be to sit on your hands for a while😉

soulsaver

ColdIron said:

badger09 said:

ColdIron said:

soulsaver said:

IWebb? Nowt, zilch, nada. 

Happy enough with that too. With no annual fees there is no reason to hold cash (other than for upcoming purchases) and you can afford to be fully invested. My cash balance is less than £3 and I'm going to eliminate that with my next purchase

Me too, though my cash balance is £9.66 for reasons I can’t now recall. Shoot me now for not making that £9.66 work harder😊

Yes I can't recall how my £2.78 came about either but it's been disproportionately niggling me for some time now and I'll be pleased to see it gone after 3 years

Mine is 47p...  but it could be more if they paid a decent interest rate on cash balances.