AutoInvest - Feedback

Finished setting up my pies, absolutely no problems at all - flawless process for me. Amazing work @George and all the other guys working on it. Thanks :ok_hand:t3:

3 Likes

Debit card should work fine.

Created a pie and totaly happy with the result! Great work and also great to see the interactive customer service @George. Would love to see an overview of expected dividends with dates and expected amounts, not sure if thatā€™s possible though.

2 Likes

Sorry, I missed the second part of your question. In your case, pressing ā€˜Confirm sellā€™ it will result in an error. Until we update the app you can do the following workaround - enter Ā£9.95 or whatever the present value of your ABBV holding is as a main withdrawal value. Then, drag the ABBV slider to 100%, and keep the rest of the sliders to 0%.

P.S. The fix will come early next week, quite possibly on Monday.

1 Like

So, quick caveat - I love it and so far youā€™ve done a wonderful job!

My use case:

Iā€™m putting 5 shares of Disney + Ā£10 a month into this pie for my Nephew as I want to be able to contribute to his first car (or whatever) when heā€™s older.

However, I donā€™t see these Disney shares as being part of my portfolio - would it be possible to have a toggle that excludes the pie from your investment and returns section?

3 Likes

We will think about an elegant solution as I can imagine other people having similar use case, but I canā€™t promise anything yet :slight_smile:

2 Likes

Much appreciated whenever it comes :blush:

Oh i donā€™t know what Iā€™ doing wrong, but I did some research and found out that only credit card have cvc/cvv number and my debit card doesnā€™t have that. I think I will just be using manually invest from now on

It give me an error in dutch that says doesnā€™t support my card try another payment method

debit cards do have this. Mine certainly does, where its located on the card can differ by provider but its typically on the section you place your signature.

1 Like

Loving the new pies! This is defo a game changer and blows other investing /savings apps out the water.

I have a small question though and I know this depends on the future of stocks etc and purely speculation but if I have a pie made up of 20 different stocks ( for simplicity 10 UK + 10 US).

If I invest Ā£50 at say 7pm GMT, this will market order the 10 US stocks but not the UK stocks.

I understand that will be done when the LSE opens and until that time the ā€œinvestingā€ progress bar will remain at a certain percentage until it has done the LSE orders. However if I cancel the progress ( only 10 US shares bought - 0 UK) then the stock market will continue and when I come to click ā€œrebalanceā€ tomorrow depending on some stocks rallying, it offers to sell some of the US stocks while it makes the orders for the UK market. Obviously that is ā€œRebalancingā€ the pie but shouldnt it give the option to stick to targets?

Selling off good performing stocks to fund less preforming ones sounds like a bad option for the long termā€¦ Am I wrong in this thinking.

Sorry for writing a book, i hope one explained though

Hey Wouter, debit cards have the cvc/cvv. But seeing that you are Dutch Iā€™m wondering that if you are using a Dutch bank and you are using the Maestro debit card (our so called Pinpas) then you canā€™t use it, these donā€™t have the cvc/cvv. The workaround for normal deposits in the app are iDeal and ApplePay/GPay, but I donā€™t know if they work for the pies as well.
Otherwise you can use online banks like N26 or Revolut which the free accounts give you a Mastercard debit and also allows you to order Maestro cards for residents in The Netherlands (and real debit cards with the cvc/cvv) in case you wanna use it also for everyday purchases in our shops.

1 Like

Apple Pay and Google Pay do work with pies.

1 Like

Thank you! I will just use IDeal and manually invest in the pie also when i use apple pay as a automatic payment method it says try again over and over i donā€™t know why he is doing that, but Iā€™m not to bothered.

1 Like

I understand your issue. Personally, I would either keep separate pies for US and UK, or only place orders in hours 2.30 to 4.30 when both markets are open. I donā€™t much like making orders for long term investment near to market open as prices can be volitile and spreads wide. I think separate UK and US pies is more fun as you can watch them compete against one another.

3 Likes

Now with the pie investing mechanic i am tempted to contribute more and more to my investment. Before this pie investing i usually did my research on a stock and then bought for a certain amount a stock.

After i added the stock i went to my excel sheet/google sheet to add it to my overview of my account to see the overall value of my portfolio to keep track of it. Therefor not having a export function of my trading data wasnā€™t really a problem.

Now with the new pie function, im buying 50 stocks all at once, in very small section, with a couple of numbers after the ā€œzeroā€. A export function to excel would be very helpfull.
What i would like to see in the export is:
When itā€™s for stock purchases or selloffs:
purchase date, ticker, invested currency, local currency, exhange rate, amount of shares purchased, fees,
Received dividends:
Date, Ticker, invested curreny, local currency, exchange rate, fees

Perhaps im missing some, but for initial things, this would be awesome. Perhaps this is allready i the pipelines. Would be very usefull to see this comming now with the autoinvest.

4 Likes

Bug? I wouldnā€™t expect autoinvest to be triggered at the weekend (but it was). Effectively, having set the daily autoinvest schedule, this means that I will invest on Mondays tripple the amount of money that I do on other days.
Is this on purpose?

2 Likes

It is the intended behavior.

1 Like

Same here. I wouldnā€™t expect it to fund the account on non trading days ( weekends and bank holidays ).

@wouter1182 using a debit card would be almost the same as you have to fund your debit card. I have one too, but can only fund it using iDeal or a bank transfer. Depositing money with iDeal directly into a pie would be great.

1 Like

Maybe so, but it does suggest thereā€™s a need for ā€œweekdaysā€ or ā€œmarket daysā€ as an option for those wanting to autoinvest that frequently. Personally i wonā€™t be using any daily options as would rather buy on red days only haha. Great work on all this btw.