One more idea for the community and something I would like Freetrade to adopt.
I am about analytics and investing. One thing I find frustrating is that my portfolio experiences FX p&l fluctuations - I understand why and that’s fine.
What I don’t like is that it’s ultimately a byproduct driven by the country the company i have invested has chosen to list in. I have not invested in the economic policies of that country - so why should my portfolio experience noise driven by this. Yes, you can get lucky and make a windfall gain, but you can also make a loss.
Investors from the UK will have lost 20% of their US shareholding over the last few months due to the relative strength of GBP over the USD. Sometimes that information is lost. People have already asked for this to be broken out - so i won’t go further into that, but I do support that idea.
What I would like Freetrade to do, is to create the ability to immunise my portfolio from currency movements. I am all about creating chargeable useful features for Freetrade, and naturally I believe this should be chargeable.
As a investor, I should have the option to have all my foreign currency exposure hedged by Freetrade. You could very easily set thresholds, when your investment ccy balance goes above a certain size it will get immunised. This level could be zero or £1000 or whatever, all balances above that level will get charged with a flat fee and maybe some basis point charge.
If I move my sipp across today, I want to know at some point I will be able to hedge all the FX exposures, or at the minimum USD.
Again something no one else offers - Freetrade - you will be worth gold if this occurs.