Total Amount Invested

First Time Investing 🐣
21

thanks for the correction. to be fair, i was just running numbers off my head. he needs to look at his actual detailed activity for every transaction

1 Like
22

Correct. Brian we need to know how many shares you bought in each of the transactions.

1 Like
23

Investment gain/loss is meaningless until they sort the FIFO issue

3 Likes
24

Where does this show you amount invested? As far as I’m aware it only gives current value - the price dropped by about 75% at the back end of Feb.

1 Like
25

I just presumed that my gain and loss would always add up to the amount that I invested in Cineworld which would have been £10,275.8 but it was only adding up to £8384 which was because of the share price moving!

26

Thank you,you have explained the situation. I now understand.

27

Current value + loss should = amount invested.

1 Like
28

That is exactly my point? But it doesn’t

I have received a reply from Luke and he agrees that something is not right and has referred the issue to the technical team.

29

Still waiting,I’ll let you know where my money disappeared too?

30

@acamp can you help me with this,still waiting for a response from the tech team. Thank you

31

Hmmm ok. Let me look through this @MohammedMohammed and see what I can see. Our tech team will also likely generate a more informed response than me!

1 Like
32

Thank you :pray:

33

My initial take (and take this with big grain of salt) is that “investment gain/loss” is calculated based off your average price per share and therefore would not reflect (together with the current holding value) your total amount invested.

34

But my current amount and loss should add up to the total amount I invested?

IMG_3488
IMG_3488959×877 79.3 KB

35

Yes. You are right on that. My assumption was that the loss number/% are just a calculation based off the avg. price per share, rather than the actual amount you invested. But I may be wrong here. I understand there’s an issue with how FIFO is being calculated in certain circumstances.

Rather than confuse things further I’d say wait for a response from the tech team for clarity.

1 Like
36

I had the same issue with one of my holdings. I sold some shares and it recalculated my average price based on the shares I had bought most recently giving me what looked like an incorrect gain/loss

The information we are being shown appears to relate to your unrealised investment. Because you sold some of your holding, the avg. price per share gets recalculated due to the avg. price being calculated using FIFO. You then need to include the realised loss from your sale using FIFO to get an accurate gain/loss.

Looking at the Cineworld share price in November when you first bought the price was ~5p so when you sold at 0.88p you realised an ~80-85% loss on that sale (roughly £1,600)

To get to your invested amount you need to add
Current Value + Investment Gain/Loss + Returns + Realised Loss on Sale
£4,053.12 + £4,338.00 + £251.24 + £1,600 = £10,250

3 Likes
37

FIFO seems to be the root of the problems for all these problems.

@acamp is there a plan for replacing FIFO with average cost? It is a pain having to mentally ignore the figures shown in the app then go to the effort of recalculating yourself

2 Likes
38

Probably not, it’s been asked for elsewhere and mentioned over many previous threads. Part of the reason I’m switching is because I’ve lost any belief that FT will respond to any customer feedback. I stopped using the FT averages long ago and started going exclusively by what is on my Excel spread sheet!

39

There isn’t a plan as far as I’m aware though this and the other thread are raising some relevant issues about how we’re presenting and calculating this information for you.

I’ve flagged it to the product team who will investigate improvements that can be made.

That being said as mentioned above there is a known issue with the FIFO calculation that should resolve some of the issue.

40

This has been a very expensive lesson,I had no clue about FIFO and surprise surprise there was no warning when I decided to sell some of my Cineworld shares Does anyone know who made £1600 profit from me,where did the money go? Does it go into Freetrades coffers?

I need to look on the positive side,I am prepared to lose it all by gambling on CineWorld and if it fails I would have lost it all anyway and if it succeeds then the money I receive will soften this blow.

I still think this situation is absolutely outrageous and ever so slightly Immoral not giving you a warning!