No a problem for me, I wasn’t planning on selling yet. It’s just funny when everyone talks about freetrade conquering the world!
Ive only just joined the chats. Yeah just like the robinhood app i’m sure. Ive been on freetrade a few months. Its okay.
Just had a confirmation it will be today but no time. Ive been waiting to buy at the split.
This is because Freetrade has to recalculate all the fractional shares.
I noticed during Apples split that some platforms only adjusted whole shares and automatically sold off fractional shares. I had an email from Freetrade in June stating that they will recalculate fractional shares so that’s good for the smaller investor.
Freetrade isn’t a broker it’s a service. I believe they only deal with fractional shares under the hood. Is this correct?
I am sure I read it somewhere .
No it isn’t correct. FT is a broker.
Even if FT is showing the incorrect price following the split it doesn’t change the amount or value of your shares.
I got the updated stock I own, also brought a couple of the newly valued shares. Now I just wait.
Yes. I just bought a few. Time to wait
What’s the joke?
None of the big players have updated their prices either
IG updated it before they went live at 2:30…
So how is it a joke? As I said it doesn’t change the value or quantity of your holding…
It’s often done to encourage investors to buy shares thus increase demand and value. It may take a couple of days to weeks also there are earnings in August should show growth. Nvidia is probably going to overtake Intel in the Dow. Freetrade isn’t a day trading platform anyway and this takes time.
“ But perhaps the stock is trading at levels so far above other stocks in its sector that it has become less attractive to investors. By lowering the share price and increasing available shares, the company can make it more attractive and accessible to improve investor relations. A company may also choose to issue a reverse split to soak up outstanding shares and increase the price per share. Both methods can be used to keep a share price within a certain range to encourage specific investor participation at various stages of the business life cycle. Stock splits also tend not to drastically impact each shareholder of record.
Another reason that a company may choose to issue a stock split is to increase the liquidity of its stock. Liquidity is a measure of how quickly shares can be bought or sold in the market without causing the stock price to increase significantly. This is reflected by what traders of stock certificates are willing to pay for shares of stock since cash is the standard of liquidity” - 2021 Stock Split Calendar | Reverse Stock Splits | MarketBeat
I couldn’t buy any on free trade when i wanted to as the buy button was blocked out
I missed out on the run up after the split
Would you guys recommend getting in now? Or do you expect a dip soon for a better opportunity
A good strategy would be to invest a little with each period of time. So you could, for example, invest £250 every week considering you had £1000. And you wouldn’t necessarily have to follow that logic if a bigger fall happened in the middle of the period, where you could invest more to take advantage.
Right now, I’m out of money to invest here, but I think I’d do it that way.
If the buy button is greyed out, try reopening the app or restarting your phone. I think sometimes the app doesn’t load properly. Worth a try anyway.