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Advice for a new trader


RayA

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Hi

Need some advice on IG platform .

Bought established shares 2 years ago for a small reliable return in dividends.

Bought around £25k and I’m not overly concerned that they have dropped in value to just under £22 as I don’t intend to sell, however IG P&L is now showing a profit of £280 rather than a loss of 3k.

Can someone with a bit more experience then me explain why this would be .

Thanks

Ray

 

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52 minutes ago, RayA said:

Hi

Need some advice on IG platform .

Bought established shares 2 years ago for a small reliable return in dividends.

Bought around £25k and I’m not overly concerned that they have dropped in value to just under £22 as I don’t intend to sell, however IG P&L is now showing a profit of £280 rather than a loss of 3k.

Can someone with a bit more experience then me explain why this would be .

Thanks

Ray

 

Hi @RayA,

I noticed that your P&L is showing a profit, which is due to some stocks having incorrect book costs. This can happen when there are corporate actions like stock splits, mergers, or ISIN changes. When these changes occur, the book cost may show as zero, causing the stocks to appear profitable since the book cost isn't updated. To address this issue, you'll need to edit the book cost for those stocks. Once these adjustments are made, your P&L should reflect accurate information. For guidance on how to edit your book cost, please visit this link: https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/how-do-i-edit-my-book-cost

If you need help updating the book cost or require further assistance, please feel free to DM me so that I can assist you.

All the best,
AshishIG

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