Thank you!
Egils Griķis
m +44 751 788 4775
@Skallagrimson <–– Twitter
I have bought Wise shares using my ISA account. I’m not sure which account number should I add in brokerage account number – GIA Number or ISA Number?
GIA number
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Am I right in thinking that Wise are calculating the OwnWise 5% based on the cash value of the shares we brought? i.e dependent on the price we paid.
It seems to me like it would be advantageous to sell shares brought at a lower price and repurchase straight away to maximise the potential 5%
You don’t have to do that. Instead just buy more shares. You will be selling at loss or buying at higher price hence losing money. It’s not worth it for just 5%.
Assuming I’m planning on holding for 12 months anyway…
Say I brought 10 shares at 8gbp that’s 80gbp so a 5% bonus is 4gbp.
If I sold those 10 shares now for say 9.70gbp and rebought them instantly at the same cost that would be 97gbp so 5% = 4.85 even though i’ve still only actually spent 80 quid.
Does that seem correct to you? I appreciate that in this example with 10 shares it’s not really worth the hassle but in principle it seems to me that would make sense.
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Where can I locate my GIA & ISA number in the app ?
Also my contract note does not display number of shares, price per share, total cost… it only displays client name, ISIN, Order ID and Venue ID.
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Some of the info you are asking you may see in the Activity Tab:
WISE
Market buy: contract note
Total cost
No. of shares
Price per share
Stamp duty (0.5 %)
Thanks…
My phones dark theme is not playing nice with black text on the contract note. which was missing the information. now sorted.
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Don’t you think that one year later 10 shares bought at £8 each will be much more worth than 10 shares bought at £9.70 (assuming the stock value moves in the right direction)?
The other thing is you can’t be sure if the buying price will be the same by the time you execute your buy order, you may tap buy and find current price at £11 
. The prices we see in Freetrade are delayed by about 15 minutes.
I would suggest you just buy more instead of selling then buying again.
Just a thought.
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You will also pay 0.5% stamp duty when repurchasing
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Wise has now extended ownwise rewards until 30/07. So if you have not bought any there is still time to buy.
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Yeah stamp duty is a good point actually. I didn’t think of that because a lot of my holdings are in companies where that isn’t applicable.
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You can get live prices on Google finance which will help time any buys on free trade. Personally I would be buying and selling Wise while the market is still volatile. I doubt the share price will be over £9 in 12 months time. Current price is way too high, has valued Wise at around 400 times actual value. Some good discussions on Motley Fool about Wise shares.
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Wise has been doing great these past few days. Have I missed some announcement/news?
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Was wondering the exact same… maybe just more trust in the business as people are starting to travel again…
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The Ownwise window has passed now, so I think it’s an indication of those gradually dropping out from short-term positions where they benefited from buyers getting into the scheme before the deadline and now that the short-termers have pulled out, we’re seeing those picking up long-term positions and the price is increasing as more people are buying than selling off. Also Motley Fool wrote something about them recently comparing them to early PayPal (I expect it will go down a little as they wrote again yesterday saying there were better shares out there).
This is just my guess though as I’m certainly not an expert in these things, but a lot of this seems to be about gauging herd mentality on the retail side.
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I just got an email from Wise saying I’m now eligible for the OwnWise scheme. I wasn’t eligible a month ago but I’ll wait to see if they come back now after I’ve registered my interest
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I have got a message confirming that I’m now eligible for their share scheme.
Good luck@ J4.
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Has anyone else received this email?
I think we can all see where they are going with this and personally being able to invest in and hold different currencies is a huge deal for me so this is very exciting.
I know it will probably take a couple of years to establish a very good offering but given I was on the fence on buying Wise shares I am definitely diving in now 
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