Selling Vanguard Funds on IWeb?

ColdIron

Aminatidi said:

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.

Even HL will insist that you tell it the number of units to sell if the value is more than 90% of your holding to account for large daily unit price changes. IWeb will allow you to buy in £s for the same reason

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.

Divide your amount in £s by the unit price, making sure you account for pounds and/or pennies. You won't be far out

Aminatidi

Yeah I didn't mean literally as in I can get a calculator out but up to this point every platform I've ever used has let me tell it I want to sell £10K of a fund and it would just work out how many units that is at the valuation point.

Point taken on HL though as now I think about it I'm guessing most of my past sales have been either all of it or a smaller percentage of it rather than 90% or most of it.

Just seems counter intuitive to try to estimate the number of units.

GeoffTF

Vanguard's own platform does what you want. iWeb is cheap but basic. You can get closer to a target amount (or target capital gain) by selling in stages.

eskbanker

GeoffTF said:

Vanguard's own platform does what you want. iWeb is cheap but basic. You can get closer to a target amount (or target capital gain) by selling in stages.

Indeed, but that obviously incurs multiple transaction fees, potentially negating the benefits of that iterative approach!

GeoffTF

eskbanker said:

GeoffTF said:

Vanguard's own platform does what you want. iWeb is cheap but basic. You can get closer to a target amount (or target capital gain) by selling in stages.

Indeed, but that obviously incurs multiple transaction fees, potentially negating the benefits of that iterative approach!

Yes, that approach is more attractive when you are not paying transaction fees. Nonetheless, if you want to raise £100K, selling a targeted £90K and then targeting the shortfall, would divide the likely error a factor of ten, and could be worth another £5 to you. I have used that approach when filling my CGT allowance.

Aminatidi

GeoffTF said:

Vanguard's own platform does what you want. iWeb is cheap but basic. You can get closer to a target amount (or target capital gain) by selling in stages.

Hah I moved to IWeb from Vanguard and HL as the pot is big enough that fees matter.

It's not a showstopper for how often I trade, it was just a bit of a surprise to see there wasn't the option to sell a value 👍🏻

Plus I hate uneven numbers like when you find out you've sold £9972.57p worth but that's a different story.