When searching for a specific stock, could the search results also include any ETFs Freetrade offer that contain that stock as a holding. It should also list ETF matches when the stock searched for itself isnāt directly available (yet) on Freetrade.
So for example, a search for Microsoft, would also return iShares US Tech Sector ETF.
This would have two benefits:
Easier to find ETFs that one might be interested in investing in
Demonstrate the breadth of stocks available on Freetrade through ETFs
I appreciate this would be a lot of data to maintain, but I think it would be a valuable feature. (Something Iād be willing be to pay for.)
Combination of both - depending on whatās availableā¦ I also do some horribly complex OCR over the monthly factsheets to extract holdings data and the programmatically aligned them to ISINs etcā¦ Itās a bit of a beast but someone always asks the question āwhat stocks does XYZ invest in?ā and this goes some way to answering this recurring questionā¦ But this function is not public yetā¦
Iām not sure if this has already been said but more filter options, so if I wanted a UK stock for a company below a billion market cap that paid dividens I would be able to filter for that.
Or large cap US company with a share price below $150 per share I would be able to filter for that.
Right now I can only filter UK and stock but nothing further unless Iām missing something?
Whatās the reasoning behind this feature? The per-share price is not meaningful enough to add this feature in my opinion.
The cost of a company is represented by itās market cap. The share price is simply the market cap divided by the number of shares issued.
For example, a company could have a Ā£1 share price and 10 million shares. Itās market cap is Ā£10m. It would cost Ā£10m to buy all the shares.
Another could have a share price of 2p but 5 billion shares. Itās market cap is Ā£100m.
In the above example, 2p vs Ā£1 is not comparing the size or cost of the company.
If your simply looking for shares you can afford, that wonāt be a problem with the imminent release of fractional shares (Freetrade Invest Hub).
I agree that there needs to be a mechanism to search for shares that one can literally afford. When I have a friend sign up I recommend them to put Ā£10 in their account and just buy some shares they find interesting, but thereās no easy way to find the low value shares.
Have a look at the fractional shares feature (Freetrade Invest Hub) that is coming really soon. Basically, if you have Ā£10 to spend, you will be able to buy Ā£10 of anything, regardless of the share price. Unless youāre super interested in holding whole numbers of shares, this eliminates the problem.
Is there any news on sorting and filtering in discover? I want to focus on value stocks below or between a certain price point, and thereās no way to do this? I have to currently use a third party site and then check if this stock is available on freetrade - which is annoying and time consuming.
