Selling Vanguard Funds on IWeb?

Aminatidi

Yeah it's showing the price from 2nd even today.

Totally get that if I'm not buying or selling it doesn't matter and buys and sells will get the next valuation point and I appreciate there's been a weekend and bank holiday but that's a six day old price.

Six days.

How is that even possible?

GeoffTF

Aminatidi said:

Yeah it's showing the price from 2nd even today.

Totally get that if I'm not buying or selling it doesn't matter and buys and sells will get the next valuation point and I appreciate there's been a weekend and bank holiday but that's a six day old price.

Six days.

How is that even possible?

You use the cheapest and easiest information source available. There are more expensive brokers who do a better job in this regard, but I would not trust valuations from any of them. What matters is that the broker records the correct numbers of shares. iWeb does that in my experience. There is little point in paying more.

Aminatidi

Yeah I get it but the really weird thing is the price in their research centre is the latest so it's as if they're showing different prices in different places.

I assumed they outsource this stuff to commercial feeds.

Don't get me wrong I've no issue with trusting IWeb to get it right when it comes to buying and selling but I'm totally baffled how such a large reputable company can show such out of date info 😂

masonic

Aminatidi said:

Don't get me wrong I've no issue with trusting IWeb to get it right when it comes to buying and selling but I'm totally baffled how such a large reputable company can show such out of date info 😂

They have to do something to make it less attractive than the more expensive offerings they provide. It's like value ranges at the supermarket. I've been pulling prices from their research centre and found them to be just as reliable as anywhere else. I know how many units I have of each holding, so just need a current price to update my spreadsheet and their basic HTML website makes that easy.

Aminatidi

Oh the research centre looks bang on.

It's the unit price once logged in that is wrong which is weird as out of the two of them if one was going to be out of date I'd have expected it to be the other way around.

Like I said it's frustrating but more a curiosity how on earth it's so wrong than anything that causes a problem 👍🏻

masonic

Aminatidi said:

Oh the research centre looks bang on.

It's the unit price once logged in that is wrong which is weird as out of the two of them if one was going to be out of date I'd have expected it to be the other way around.

Like I said it's frustrating but more a curiosity how on earth it's so wrong than anything that causes a problem 👍🏻

Suspect the explanation is that the main website has had more care and attention, because it is their shop window. It has certainly been updated more recently and has probably been updated to pull prices from a modern third party feed. Whereas the online platform is pretty much left alone for the whole time I've been a customer and is using something outdated.

GeoffTF

masonic said:

Aminatidi said:

Don't get me wrong I've no issue with trusting IWeb to get it right when it comes to buying and selling but I'm totally baffled how such a large reputable company can show such out of date info 😂

They have to do something to make it less attractive than the more expensive offerings they provide. It's like value ranges at the supermarket. I've been pulling prices from their research centre and found them to be just as reliable as anywhere else. I know how many units I have of each holding, so just need a current price to update my spreadsheet and their basic HTML website makes that easy.

The more expensive offerings use the same software. I would be surprised if they did not show the same price. When I have reported incorrect (as opposed to out of date) valuations for index linked gilts, they said that they "are using industry standard software" and refused to correct the errors.

masonic

GeoffTF said:

masonic said:

Aminatidi said:

Don't get me wrong I've no issue with trusting IWeb to get it right when it comes to buying and selling but I'm totally baffled how such a large reputable company can show such out of date info 😂

They have to do something to make it less attractive than the more expensive offerings they provide. It's like value ranges at the supermarket. I've been pulling prices from their research centre and found them to be just as reliable as anywhere else. I know how many units I have of each holding, so just need a current price to update my spreadsheet and their basic HTML website makes that easy.

The more expensive offerings use the same software. I would be surprised if they did not show the same price. When I have reported incorrect (as opposed to out of date) valuations for index linked gilts, they said that they "are using industry standard software" and refused to correct the errors.

I'm sure the data is the same but it is obfuscated behind all sorts of active page rendering that makes reading it more of a challenge. LSE itself offers an unauthenticated public API, but I've not yet figured out the appropriate endpoints to use and I'm not sure if it's really intended as a free resource.

silvercue

Aminatidi said:

Yeah it's showing the price from 2nd even today.

Totally get that if I'm not buying or selling it doesn't matter and buys and sells will get the next valuation point and I appreciate there's been a weekend and bank holiday but that's a six day old price.

Six days.

How is that even possible?

One of my funds is only updated once a day and only on UK Trading days. It doesn't seem to update on a Monday or any day after a non trading day either.

We had a BH this weekend, so it was not updated from 3rd until the 8th.   Not sure why you did not get a new price on the 3rd though or yesterday.

I also check it's price on Investing.com App.  Once you find the correct fund (there are so many that look v similar) it marries up.  

Aminatidi

So if I try to sell a fund I don't appear to be able to tell IWeb to sell £10K worth I can only tell it how many units to sell.

I don't think I've ever seen that on other platforms it's always let you buy and sell by amount.

I don't know how many units I want to sell but I know how much I want to sell in £ at the next valuation point.

Am I missing something please?