I am excited for this too. I like the idea of fully investing my cash and not worrying about the left over bits because the numbers didnāt round perfectly.
Easier to think of my portfolio as percentages of a total amount.
The frequent buying with less money is going to be a game changer for me.
It is a slightly ridiculous example, but this is the kind of thing weāll be able to do. Such a change to what our options were before, and especially when itās Ā£10+ per trade.
I just wish someone gives me a real date - PLEASE SOMEONE OUT THERE IN THE FREE TRADE WORLDā¦JUST DO Microsoft, Apple, Google and TESLAā¦PLEASE the rest can wait enroll something I need some faith, weāre losing out on some big discounts. (Asking politely of course)
Am holding back some funds as well as everyone else waiting for the feature! However - US is likely to decrease surely some more over the coming weeks, so maybe not having the feature at the moment will prevent us from jumping in before it heads down!
Every headline I see suggest the market will drop, and yet it keep gaining 1-2% a day. Itās really annoying me! Have we actually seen the bottom? But yeah, I canāt wait for this feature! Itāll really help to keep a portfolio evenly diversified
The worrying articles are the ones pointing out itās individual investors buying back in. All the big boys are saying another big drop is coming, theyāre staying out and the individual investors will get burnt as with 2008. All of the data points to a horrendous 2020. Iām not even contemplating buying back in to equities in a serious way until I see how earnings season kicks off. I donāt think it will be pretty.
This is exactly what Iāve been saying to all my investing mates. Market keeps making me look a fool at the moment got all my cash waiting. O think we may be at a point where itāll be companies dropping 5-10% on earning release rather than a full market collapse. Worth keeping tabs on a watch list more than ever.
From my experience working in a hedge fund, all i can share is to carefully extract key sentiments from news you read. Journalists and others dont write facts but speculate. People are on the sideline because they only extract negative sentiments which for them mean that the market is currently un-investble. Which is wrong to suggest.
I guess that itās just preference at the end of the day really. Iām definitely going to use the feature with the likes of Alphabet and Amazon though!
Iām interested in what happens with rounding/fractions of a penny. probably not a big deal because the amounts are miniscule, just interesting.
For example if you have 1/100 of a share and and it goes up a few pence what will your gain be? will it get rounded up when it passes 0.5p? who gets the fractions that are <0.5p?
similar issue with dividends, bid/ask spread etc. when it comes down to fractions of a penny
The way a competitor does it, is you enter the share quantity you want, i.e 10 shares, or 0.001 of a share, then it tells you the price to purchase, you confirm purchase or cancel, then the buy happens.
Iām personally wondering if this is part of the reason for the delay, that the mechanism for purchasing will be receiving an overhaul to enable fractionals.
I like the way a competitor does it you can choose to put in the number of or fraction of shares you want to quite a few decimal places or just put in however much money you have to spend, filling out one will auto populate the other field its clean and simple.
I think we need a robust app first before we get things like fractional share. Since I ha e had this app, I have added quote a lot of money and the app has crashed many times. I have had over 50 declined orders, and things not loading properly or not functioning at all. Waiting for the new update to fix all this.
Android phones are a pain to test on and using virtual devices inside Android Studio with lots of memory can be more convenient (AVD, Genymotion). But they should buy many second hand phones - old an new models - and test rigorously nevertheless. Perhaps itās not even an app issue, since most apps are just API layers of sorts. About three years ago after RH was already flying, they still only had two Android devs (it was mentioned by a Pinterest mobile dev during one the Android podcast episodes). Iāve had many temporary graph representation issues - usually after trades go through. So it could be the back-end .
Donāt get me wrong I love the community, product and business goal. I guess sometimes it can be frustrating. I am happy to pay a few like Hargreaves lansdown for a smoother service, obviously not the fee they charge for their stocks lol.