Over time I have purchased Markel Shares. I purchases them in fractional units but always tried to buy to two decimal places. Unfortunately for some reason I have now got 5.76241116 shares. I can’t sell 0.00241116 to get me back to at least a 2 decimal place holding. Im not sure why T212 even allowed the purchase of such a fraction in the first place. Instead of the system being sensible and allocating it as I said to two decimal places), it then went and bought a fractional to 8 decimal places.
Does anyone know how i can get back to two decimal place holding please?
Minimum investment is a pound. Unless you are invested in Berkshire Hathaway Class A shares, I’m sure that you can round up to a number that is acceptable for a few pounds.
I can’t solve your problem but I can offer some possibilities as to how those fractions emerged.
If these investments are in pies, rebalancing, autoinvest and reinvesting dividends can all result in the purchase of and, in the case of rebalancing, the sale of, fractional shares.
On reflection, there is a way you can sell the unwanted fractions or buy fractions to achieve the rounded number of your choice.
Export the whole holding temporarily from the pie into your main portfolio. Then you can sell or buy fractions to yield the rounded number after which the holding can then be imported back into the pie. Then disable autoinvest and dividends autoreinvest in the pie.
You’ll have to adjust and readjust the pie percentages as you go, of course.
Just to clarify these transactions are not are were never in a PIE. These were manual trades. A few weeks back i tried going to two decimal places by buying more shares but it wont accept a 8 decimal purchase . To get to 5.77 shares you would need to buy 0.00758884. It doesnt accept this.
I would say then that a buy of 0.00758884 would cost less than a pound. The minimum trade is a pound. Try buying buy 0.01758884 shares and incrementing by 0.01 if that trade would still be below a pound until you find a value that will work.
Now, since the minimum trade is a pound and the value of the trade is not known until the trade is done, you might find that you will have to invest a few pounds so that the system is sure that the trade will be at least a pound before it will accept whatever you input.
I would assume the easiest way to do it is, buy 1 share more to take your holding to 6.76241116.
Then click on sell, T212 normally shows your whole holdings, choose limit order if you want to sell at a certain price and set price.
Then gonto quantity, click before the decimal sign(“.”) and then delete the integers and type 0. The order quantity would show “0.76241116”
Click on sell, confirm order and that shud work. After the order gets executed you shud be holding 6 shares.
I think that works if I remember right. I had a similar problem when I first opened T212 and some orders were part fulfilled. At that time the HMRC did not allow fractional holding in S&S ISAs. Though HMRC never contacted me I have sold the fractional to make it round integer holding qty as I did not want to fall foul of the rules.
I tried buying a whole number of shares earlier and it kept adding numbers after the decimal when I tried to execute. Frustrating to say the least… My fix was to buy fewer shares and then add the rest separately.
