There are still a couple of spaces open to help us improve Freetrade.
Like Tubby, I appreciate the offer but unfortunately I really can’t spare an hour I’m afraid, I work full time and am struggling to study at the same time.
I would endorse what Tubby and a few others have said, but my primary wishes would be:
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Dividends should show up under the stock in your profile, just like purchases and sales do.
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There should be a screen somewhere that shows you all your dividends where you can break them down into month, stock, etc. (Or at least the ability to export all of it to Excel).
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I know this is probably difficult with FreeTrade’s small staff but it would be nice if timing of dividend payment into your account and when you get the email/notification reasonably matched with one another.
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Stock profile should show ex-dividend and payment dates.
Hope that helps at least a bit.
It should be based on this because the performance is Gains - Money in. Gains = Capital Gain + Dividend. In other words exactly as @tubby_rokes said your Total returns is what counts.
Notice that principle is also the one behind UK taxation of dividend that rolls over in “accumulation funds”: i.e. it is taxed as dividend income not as capital gain. If you don’t properly account for this then you might even be in the position that you are paying tax twice on these accumulation units.
If you don’t use accumulation funds and you use dividends to buy new stock then you introduce new CG considerations.
Of course some of these considerations disappear when the shares/funds are within tax wrappers.
In summary, your portfolio performance i.e Total return calculation might be different to your Gains calculations for tax purposes.
I completely understand. Thanks again for your feedback so far. This is useful.
No they don’t @SebReitz unless I’m missing something or question?
But I haven’t seen my stock change when had a dividend payment
Totally agree great points, just to add to That.
There should be more Than 5 amounts visible like buy or sell or div amount if eventually came in,
I find myself going back months finding some stock I have bought to get my overall investment!
Yes I should make a note at time and I have now started That but didn’t always have time previously,
So:
Would be good if there is a total investment amount with all transactions
And a sell
And hopefully a total div payout
They definitely contribute to the overall portfolio Up/down figure.
But not individual stocks. That is just based on what you paid for the shares and what they are worth now
Yea I mean if I’m £50 down in a stock and get a div payment of £35 I’m now down £15 technically,
It doesn’t show That different
If it was unclear if I made out a total show in portfolio amount I just meant stock
The main thing I want to see is some kind of statement where I can see what dividends I’ve got in a month without having to scroll through the activity feed
And per company?
Best month so far, Started a year ago, got lucky with the i3 Energy monthly dividend, currently getting 25 quid a month and this month, 10.44 from Topps Tiles. Will put it into one of the companies that I have in my watchlist. Poss Centamin as gold usually goes up in times of uncertainty and chaos…
I got £0.22p so you must have a fair whack in there
Yeah, got lucky and bought loads at between 7 and 10p, when it started to climb, sold some duds and non performers to buy more. Not gonna buy anymore, as at my current average price, and the 0.1425p div my return is 11. 5%. Buying more will drop the return. Looking at DEC, Jupiter or as I said Centamin. Might buy a few Petrobras to see if the 30% div holds up. DEC pay quarterly, so thats aplus, but its another oil and gas.
Just had my third div from DEC and then the share price paid a visit to the sweet spot and i picked up a few more.
Great thing about quarterly dividends is if you have a few on the go you can get some kind of loop going, trying to work on something like that at the moment providing they don’t end up classed as complex and pulled.
That is a big plus with DEC 4 payments rather than 2 per year. Keep threatening to move them into my ISA, but its the timing thats the trick. Some of my shares were transferred in from other brokers, so all Divs are now moved into the tax free zone, and then reinvested.
One HUGE improvement would be to show dividends with non generic titles.
I have several that are impossible to check where they came from without going through the emails or working out the amount etc. It should just show me the company symbol or full name/ticker. This is a really poor user function for such a lovely clean app.
An example is City of London, I actually sold one of mine as it was doing my head in Same with some Hi div or S&P ones if I remember correctly off the top of my head.
My AVG for Dec is high compared to now so I’ll try get it lower for next div payout
Dec cheap at minute compared to last month
What do you mean impossible to check @Big-g
Surely it’s got name on it in activity list if that’s what you mean?
No that is the point, There are multiple companies with same name on the activity list. For some reason they do not use the company symbol or Ticker.
As I said an example is “City of London” as it appears only in the activity feed can mean a couple different City of London stocks. This could be £CLIG or £CTY and both come up as only “City of London” on the activity feed and do not show the pictures or tickers in the picture below you get elsewhere on the app…
The picture above is obviously not the activity feed version as this is very clear but the activity feed for dividends only show the word city of london.
Same with S&P which has a few it could be. Such a simple fix and crazy you have to go to another source to work out who it is from to add to your Excel to monitor your real performance.