I like numbers.
Now that we have that opening statement out of the way, I’m trying to make sense of some of the costs and charges pages. It should be relatively straight forward to help me understand.
FTSE 100 ETF LON:ISF has negative transactional costs? How does that work? Then it’s so much cheaper than buying individual shares which incur stamp duty!
For those shares that have stamp duty which are a cost on execution, the investment amount is £5,000, so for the £25 (for the 0.5% duty shares), is this on top of the 5,000? That isn’t explicit in the page from what I can see.
Running the numbers for the investment NOT including stamp duty, the indicative value at 5% per year will be £6,381.41 including the charges
But if the investment amount IS including stamp duty (which would be £24.88, and shares being 4,975.12) then the indicative value would be £6,349.65 including charges
Seems to mix up the inclusive and exclusive of charges calculations as you read down… Unless I’ve done some creative accounting
Also not really a question, but a thought:
The execution costs aren’t considered when looking at the percent gain/loss of shares owned, so I’m always mentally thinking to take away at least 0.5% of what I see in app.
Anyone got some insight on my question?