Define “actually”. In the era of nominee registers, that is in any case a matter of definition even for whole shares. In both cases, the company only sees the custodian in its register, not the individual owner.
On the other hand, e.g., IB says that the “beneficial owner” of a fractional share is the client and that such shares are segregated in IB’s accounting in exactly the same way as whole shares.
The client will always be the beneficial owner of any fractional Shares in their account and all fractional Shares owned by a client are segregated in IBKR’s books and records in the same manner and to the same extent as whole shares owned by such client.
A fractional share is such that it cannot be transferred from one broker to another (whole units can be transferred).
But based on the terms, the end-user is the beneficial owner:
5.7
The User may not authorise third parties to use the Broker Service.
Regarding the use of the Broker Service and all the activities it makes possible
(such as creating and transmitting Orders), the User hereby expressly declares that he is acting in his own name and for his own account and has created and is using the User Account only for himself. Acting as an agent, broker, or trustee of any kind for another person (including by sharing legal or beneficial ownership of the User Account or the assets deposited there), and granting access to the User Account to any person other than the User, are forbidden.
On the computer, in the IBKR Desktop app, you can select the desired columns, e.g., in this case, “Unrealized P&L %”.
Similarly, in the IBKR mobile app, you can select those columns in the Portfolio view by tapping the three dots in the top right corner, then “Manage Columns”, and selecting the mentioned column from there.
For some reason, in the browser view, Portfolio / Positions, “Edit columns” is disabled.
Alright, the currency account application was finally approved at Nordnet. The deadline for that was Feb 10th. I probably submitted the application sometime in January. So, it was processed for a long time and diligently. And they probably made an inquiry to the positive credit register during the process, as I received a notification about that too. But finally, things are in order. Hopefully, others are getting theirs sorted too.
My credit/currency account application at Nordnet is still being processed, even though the application was submitted in the early days of the year. It’s funny, regarding the credit part, as I really don’t want to take it, and I put the minimum requirement of €500 for credit in the “application.”
The day before yesterday, I received a message from Nordnet that my Private Banking client relationship is ending if the capital requirement is not met within a month. Good that their control works in some area. So, for a good while now, I have been transferring my assets from Nordnet towards a better broker (breadth of investment offerings, price & service). You can’t get a perfect package anywhere, but Nordnet has room for improvement in all the aspects I mentioned. There are just too few viable competitors when considering one’s own needs.
Regarding tax return deductions, I would now need the currency exchange fee information from Nordnet (self-calculated, manual 0.075% exchange fee). For example, I received similar information from Mandatum Trader (Saxo) quite some time ago, but the 2024 annual fee report from Nordnet has not yet appeared on the site, at least for me. That’s what’s holding me up from finalizing my tax return. I also sent a question about that to customer service earlier this week. Let’s see if I manage to get an answer or the annual fee report before the final deadline for submitting the tax return ; )
My centralization with OP is only deepening; I opened OP’s Savings Box (Säästölipas). From now on, every debit card payment will be 1 euro “more expensive,” regardless of the purchase.
The goal is to now master micro-saving, even though I’ve been a savings professional for years. I’ve never maintained a separate cash buffer, as I can always gather the money for anything unexpected each month just from my salary. There have never been such large one-off purchases that I couldn’t manage them as is, but now it’s time to build a 2-3 month buffer, detached from consumption and investments, whose only purpose is to just sit there and provide peace of mind with its cash amount. I’d only use it if forced at gunpoint.
I have already consolidated a good range of services with OP, namely two current accounts, one savings account, a securities account, an Equity Savings Account (Osakesäästötili), an ASP loan, insurances, and of course, owner-customer status.
Similar “savings” are a bit dangerous in the sense that they might tempt one to spend more/more often, just like all bonus, points, … programs (which is what they are made for).
I didn’t quite grasp what you meant, but in my case, centralizing with OP has worked wonderfully; consumption has only decreased year by year, as “everything is already there,” and I don’t really need anything more expensive.
I have my own neurotic habits with money; for example, my current account balance must never drop below 1000 euros (this hasn’t happened once in over 15 years), and otherwise, as a consumer, I’m just a memory of my former spendthrift self. It’s difficult to buy a 50-euro shirt, but easy to invest 500 euros in stocks, something like that.
A growing sum of money, even just lying in an account, brings more joy than a disappearing one. Respect for money has changed a lot over the years; what was formerly just an item for consumption experienced a surge in appreciation thanks to saving and investing. I’m not one of those people who feel money burning a hole in their pocket and need to get rid of it one way or another, because ultimately, when there’s never anything to buy, what’s left is saving and investing, feat. occasional treats and entertainment.
So, I was referring to those “a euro to savings from every charge”-type schemes, which can work as long as you conveniently “forget” about their existence, rather than thinking you’re saving something by making purchases (by not making which, you’d save even more).
I have between 50-70 card payments per month, and that number won’t go up or down. However, I already save to a separate investment account, and this is an excellent, inconspicuous way to build up that cash buffer too, since it’s talked about so much.
I don’t quite understand what you are writing here. But fractional shares should normally receive dividends in proportion to ownership. From a previous document:
Clients will, however, receive payments of dividends, or in some cases in connection with stock dividends, either dividend shares or value commensurate to the dividend Shares, and will otherwise participate normally in any stock splits, mergers or other mandatory corporate actions.
Your fractional shares positions are eligible to receive dividends in the same manner as your full positions on the same stocks. The formula is the position quantity multiplied by the dividend rate (ie. 0.85 shares x 0.75 dividend rate = $0.6375).
Without a preliminary decision, the position can indeed be anything.
Does the export of transactions to a CSV file (i.e., essentially Excel) work as expected for other Nordnet users here? I’ve been having problems with it for probably at least a month, it might have been even longer. In the CSV file, the columns and their corresponding values in the rows are completely mixed up.
I’ve personally used that, for example, to easily calculate the current year’s sales gains and losses from the CSV file. So, the CSV file has a ‘Result’ column, all of which can be summed up. Based on my own experience, the value in that ‘Result’ column quite often corresponds to what is reported to the tax authorities. Sales gains appear as a positive number in the ‘Result’ column, and losses naturally as a negative number.
But now, the ‘Result’ column doesn’t always contain the actual result; sometimes it’s just text like currency EUR or USD, which should be in a completely different column, and other column values in the rows are also somewhat random. Practically completely unusable at the moment.
I did report this issue to Nordnet, but I don’t know if it only affects my account or if others have the same problem, or if anyone else has reported this. I have both domestic and foreign stock sales. I believe the problem started around the same time my Nordnet account went slightly negative, meaning I had some credit in use, but that might just be a coincidence.
I tested the CSV file with my latest transactions: If the transaction is a sale, the CSV result = 9A-result. If the transaction is a purchase, the CSV result = 0. For other transactions, the CSV result = empty. Otherwise, the columns in the CSV file seemed to be in order upon a quick check.
Nordnet uses a tabulator to separate fields, so when opening the file, make sure that the program you are using uses (only) it as a delimiter and not, for example, a comma.
it’s really great, CSV = comma-separated values… Well, I’ve gotten used to that misuse, as someone here has decided to use a comma as a decimal separator.
