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theshidoshi

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About theshidoshi

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  1. Very valid argument. Thanks for the sound reminder
  2. Hi all, I need help with calculating not just my total portfolio worth but also all fees. I have played around with IG statements, history, transactions and created a full spreadsheet but not sure how I can get the right figures I am after A scenario (ISA) Current total invested in 2019 £1000 in 2018 if I had invested £1000 that would bring it to £2000 Jan 2019 but then I have taken out £1000 out Total today £1000 Profit £100 up However, if I made £100 worth of fees (custody, commission or exchange rate commission etc) Then in reality, if I look at my overall performance over 2 years as total £2000 invested, with £100 profit and £100 fees so I have canceled out at 0. Sorry for the complicated or oversimplified explanation. I am trying to view the "you are 100 up" as you are 100 up but paid out 100 in fees so your true performance is 0 as it stands. Thanks Is this possible and easy to do?
  3. Hi TrendFollower The only thing is now I am paying custody fees with more than one provider until I get my account consolidated. trying to reduce my fees as well
  4. Hi all. Just an update to say I will put my money where my mouth is. I spoke to IG today on the phone and requested a direct and sincere update on this topic once and for all. No more dangling the carrot that it is in development or imminent. DRIP is not actively being implemented. The project has taken a backseat due to other priorities such as the new European regulations around leverage. They have no resources to commit to implementing DRIP I have given them my feedback that I will be transferring our my ISA and Share Dealing to a competitor mainly for two reasons - No DRIP - No Automatic monthly investing unless it is a smart portfolio The bonus the competitor had was that if you Auto invest, it costs £1 per transaction not the full £10 Also if your Dividend is reinvested it also costs £1. This will save a lot of money, make sure I benefit from Compounding and automate my buying and dollar cost averaging by keep buying every month for a decade or two. Thanks for all your help. I am now content with my decision and my frustration is over.
  5. IG refused to answer this question in many posts and I have also called them. After Xmas I will be taking my ISA investments elsewhere. I have phoned a few competitors and they have both features that IG is lacking, DRIP and ultra-low cost automatic investing within my ISA (stocks or ETFs). This really makes a huge difference in terms of lost opportunities and compounding.
  6. theshidoshi

    Dividend Reinvestment

    IG refused to answer this question in many posts and I have also called them. After Xmas I will be taking my ISA investments elsewhere. I have phoned a few competitors and they have both features that IG is lacking, DRIP and ultra-low cost automatic investing within my ISA (stocks or ETFs). This really makes a huge difference in terms of lost opportunities and compounding.
  7. theshidoshi

    UK ETF to mirror S&P 500 (SPX)?

    Thanks for your reply I noticed IG's Smart Portfolio does that all the time. I want to do the Index investing by myself so I was not sure if I should follow the hedging concept with SP500 tracker investing! Still learning So far my list is the below with LSE:IUSA being the preferred one thus far. CSP1 - iShares Core S&P 500 ETF USD Acc GBP (LSE:CSP1) CSPX - iShares Core S&P 500 ETF USD Acc USD GSPX - iShares Core S&P 500 ETF GBPH Dist (LSE:GSPX) IUSA - iShares S&P 500 UCITS ETF
  8. theshidoshi

    UK ETF to mirror S&P 500 (SPX)?

    Hi all, I am a beginner investor and looking to add an index fund regular investment in my portfolio for long-term (20 years) I'd like a UK equivalent to SPX/SPY or S&P500 index but in GBP. Any ideas, pitfalls, tips or what to look for? The comparison charts between my choices below and SPX were almost identical and in some cases, the UK ETF's were marginally higher. A few I looked at are: CSP1 - iShares Core S&P 500 ETF USD Acc GBP (LSE:CSP1) GSPX - iShares Core S&P 500 ETF USD Acc USD ISGSPX - Shares Core S&P 500 ETF GBP (Hedged ) another question I have is "What is the "Hedged" ETF in the above list? I understand hedging concept but having it in this ETF context is slightly confusing. Did they invest in non-SP500 companies to hedge against SP500 downturn? Many thanks
  9. Do you know when this feature will come to the regular ISA portfolio?
  10. theshidoshi

    Dividend Reinvestment

    Hi @Caseynotes Thanks for your reply. I totally understand what you're saying. It is really frustrating IG is a large provider and much smaller competitors managed to comply with regulations and continue to develop and add features. Can we really afford to stay a few years longer with lost opportunities to reinvest and use the power of compounding? I am sure you can calculate what your gain would have been over the years I have been with IG if my ISA portfolio was compounding rather than pay me out the dividends of those companies. They need to give us a decisive answer so we can make a decision to stay or go. If they say a by this or that quarter, great, we may stay. if they are unsure and it actually takes a few more years, then I will take the money elsewhere. How can they not know when they plan to release something? At least tell us some promising news like (here is the beta site in non-production so you can almost smell what is coming, hang in there). That I would believe. Not the fairy and vague comments they made in the forum for the past few years. Thanks for putting up with my post. I am sure I am voicing the frustrations of many, not just mine.
  11. theshidoshi

    Dividend Reinvestment

    Back to the topic at hand.. I am doing my research now. I am interested to hear what your top 3 alternatives are and the features that made you or are making you want to leave IG? (perhaps I should move this to a new thread but keen to hear from the leavers due to DRIP ) II (formerly TD) is my main contender as I have been with them before Most important features to me: - DRIP (obviously) - Better reporting dashboard / analytics into my portfolio (better UI too) - Monthly regular (auto) investment into my ISA portfolio (no, not smart or managed portfolio but shares bought equally into few stocks of my choosing) - Easier way for setting Stop losses or Take profit points (not the fiddly way I do it here. I covered this in a separate thread) Cheers
  12. theshidoshi

    Dividend Reinvestment

    That is how you would like to interpret my message. Free society. I won't try to make you change your hasty judgement about my message being baseless moan. I have every right as a user of IG to voice my frustrations. That is AFTER I have reached out to them directly by phone and email to ask for their commitment to improve their product and remain competitive. And of course you wouldn't know that I went into great length to have a friendly chat with IG and provide my feedback as a new investor who migrated from II two years ago. They said they took my feedback and on board and passed it on to their Product teams. Now, I have every right to demand an update and to be frustrated when nothing is heard back other than the same tired updates for 2 years. I much prefer a conservative but honest feedback saying no time line, could take years. This helps me decide to stay or leave.. When you keep saying, it is happening in months or by end of year or by Xmas, then it is creating false hope and ensuring we foolishly decide to stick it out a bit longer. So please spare me your harsh, hasty and baseless judgment. I have done my fair bit of raising opportunities for improvement as a new comer behind the scenes and If I want to moan now after 2 years while deliberating and deciding what to do, then so be it. So far I only have a counter moan from you and you have nothing useful to add. For your info, I actually bothered to list the problems in my thread for the benefit of IG Staff in case they want to know what is lacking. It is not all moan. Keep your judgement to yourself if you have nothing better to add.
  13. theshidoshi

    Dividend Reinvestment

    IG keeps closing topics after it bored customers with "we value your feedback, we are forwarding it to the dev team, please standby for updates" See this example https://community.ig.com/forums/topic/1903-dividend-reinvestment-plan/?page=2 They are stringing everyone along and being vague with their product roadmap. I truly regret moving away from TD/II. The only thing that was going for IG was the lower commission rate. I did, however, lose out on many fronts such as : - lack of DRIP - Lack of automatic investment into my ISA unless (and I got eventually forced into it) you have a SMART portfolio - Bad and basic UI which is not as intuitive as the competitors - Lack of dashboard/reporting unless you have a Smart portfolio and even then that one is basic and ugly. I missed out on 2 years of DRIP since I joined IG and I am now losing hope and beginning the process of finding a better alternative. I am willing to pay a little more commission (I don't trade often) in favour of having all the useful and necessary features in a self-respecting Trading platform. When I mentioned what IG is missing and the lack of the DRIP or decent dashboard, my friends laugh really hard at me and ask why am I still there....
  14. Hi I have successfully enabled 2FA using the IG app. However I was immediately unable to logon to ig.com from any device. I did not make it as far as being asked for the codes. It simply rejects my password as incorrect. I even tried the codes instead of the password and that did not work. I have reset the password and choose another one which I confirmed. Still no joy. I was on the phone to Customer Support (IT not available until Monday) and they kept deactivating my account after each failed 3 attempts. It was not a password problem I assure you. Finally, I got fed up with 2FA and the Rep disabled it for me and my password worked straight away. This is so frustrating. I am forced to stay out of improved security because the website for whatever reason suddenly developed amnesia and thinks my password I have been using all day is wrong. I even tried the autofill **** my browser saved the password but no. It is definitely a 2FA hiccup. What do you suggest I do? Regards, Abdul
  15. Hi James You fully answered my query. Thank you. I am clear on how to "work-around" the trailing stop loss scenarios and use stop losses vs alerts for exiting losing trades or alerting if a stock rallies to lock in some profit. I understand IG uses DMA. Are there any plans to introduce a "trailing stop loss" functionality in the future to automate that process? Regards, TheShidoshi
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