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Topped up my S&S Isa today
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Murphy_The_Cat wrote: »:rotfl::rotfl:I remember the feller (George Soros ?) that made £1 billion when the UK came out of the ERM -I'm not quite at that status yet :j Although my transaction may just have tipped the market up.
Don't worry, its gone back down again now! :T :eek:0 -
Murphy_The_Cat wrote: »It may work well for me, it may work against me, but has anyone else looked upon the market falling as an opportunity to buy ?
I wish you all the best of luck. I think that markets have much further to fall ( and am waiting for that ), but over the long term and with hindsight I expect that this will have been a good time to buy.0 -
cheerfulcat wrote: »I wish you all the best of luck. I think that markets have much further to fall ( and am waiting for that ), but over the long term and with hindsight I expect that this will have been a good time to buy.
I've woken up this morning and the 'distant' stock markets have all done down substantially again - so it all depends on what pricing point my purchase is made at.
But if I take the view that its part of my ongoing S&S education, then its been a lesson with a moderate charge attached.
p.s. if anyones interested, I;ll let you know how the ordering/pricing timing worked for me on this one.0 -
I didnt do my buy until late so I am getting close to business todays price.
It doesnt matter if it goes down again. Remember you are between 10-30% lower than the high point. That means you are 10-30% better off than had you purchased at that time. Its not a short term investment but a long term and that gives you a 10-30% improvement.
I tend to top mine up monthly using single premiums so for me its a case of picking time in the month. So if it goes down again then next one will be cheaper still.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Yep. Fidelity India getting a top up from me. Cannot ignore the drop it has had in the last week.
Just looked up Fidelity India on the H-L website and it's listed in the "Offshore" sector, whereas my India funds are in Specialist.
I've not come across this in the context of funds before. Can anyone tell me how it affects how/what you invest?"Success is the ability to go from failure to failure without losing your enthusiasm" (Sir Winston Churchill)0 -
Just looked up Fidelity India on the H-L website and it's listed in the "Offshore" sector, whereas my India funds are in Specialist.
Thats HL choosing to put it that way. Cofunds and Selestia have it as specialist.
Fidelity India is a SICAV and not a UT/OEIC so it doesnt fall under the ABI/AMI sectors. However, you know what type of fund it is and with a bit of common sense you put it int the right sector, which would be specialist. HL have decided not to do that but just call it offshore. That may be a compliance thing due to their execution only service or a limitation by their software or a choice not to put SICAVs in the equivalant sector.
SICAVs are offshore versions of OEICs.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
For my first foray into investing, Last tax year 06/07 I put my full £4K allowance into a s & S isa. It was looking really good earlier this year, so good that I took out £1000 into cash from it, still leaving at the best £4700 or so.
Now its down to £4003! Still, at least its still a profit taking into account the management fees etc.
Looks like I will be holding onto the funds for a good few years to hopefully get better returns.0 -
If it's offshore there may be no 0.5% stamp duty to pay on purchases. Check with HL for the individual fund.0
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So where can we find out? I will make an enquiry online with fidelity
now and let you know the outcome.
This is the response I got....Thank you for your email about our dealing procedures.
I confirm that the unit prices of all our funds are updated each business day (according to their respective dealing point). For example, the unit price of the Special Situations fund (SS) is updated at 12 noon each business day.
Continuing with this example, if you invest in SS through your MSP on the 20th, the unit price applied to the MSP deal will be the unit price of the 20th itself. If the 20th falls on a weekend, then we will make the investment on the business day closest to (before or after), the 20th.0
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