Can we please have it so when we have 67.9688624626 shares in a company, when we purchase more, it gives an option to round down to the nearest whole share.
So for example, if I invested another £10 in this company, instead of buying another 5.4236324626 shares, totalling 73.3924949252 it buys 5.0311375374 totalling 73. The left over cash will then sit as available funds until the next round of purchases.
I do like that fractional shares are allowed, it does give access to high value stocks, but when I am buying average price stocks and trying to calculate my dividend income, it would tidy it up quite a bit to just have whole shares.
Thank you for your time and efforts, here is a donut for you. O
I totally see where you’re coming from when it comes to keeping things neat for dividend calculations. We’ve had a few similar requests in the past, but for now, there aren’t any updates on adding this as an option.
I have made a similar request. It’s a problem if you want to buy or sell and the app only allows to do it up to 4 decimals. In fact, my understanding is that we are not able close a position with more than 4 decimals.
I would like this greatly (though thinking round up seems better as it can be done as part of normal share/ETF purchase). At present the only way is to sell a whole holding and rebuy, but that costs you the spread. I also appreciate that buying at the pie level or rebalance would create fractional shares again, but it is a sadly missing option.
You could have a round up tick selection box either on the share screen, since it already tells you how many you have in pies and outside (as manually bought), and/or in the pie invest custom screen since you are allocating different amounts individually.
If the concern is added confusion to some then have an option under settings to enable round up option.
If there is elsewhere I can request this let me know.
I have worked out you can remove the fraction part from a pie, Click export investment then instead of using the percentage slider, click on the share total and replace all before the dp with a zero
All that does is mean the pie holds round number of shares and would leave the less than 1 holdings outside the pie. Not sure what that solves, as the dividend is paid on the total holdings, not just what is in the pie. It would also mean some dividend paid into the pie and some outside the pie to cash.
If I held 67.9886435 of a stock and buying 5 more. I would buy 5.02 add to pie then export the 0.0086435 and sell.
With such a small amount you are talking pennies. You could also buy 5.1 and export 0.0886435 if the former was too small.
No stock held outside of the pie. Since T212 is all about pies and percentages would they implement an option that could still leave pie slightly imbalanced due to rounding?
It feels like a bug that T212 allows anyone to own a fraction of a stock to more decimal places than represented by the lowest divisible real money value (e.g. 1 pence for GBP, 1 cent for USD).