Iweb, some advice please

You can't calculate the precise number (though you can specify one if you wish), as the funds are forward priced, so you don't know the exact price per unit, and with shares etc. the price is live, whereas the guide price you can see beforehand is delayed by 15 minutes.

With a fund you will get the whole amount (less £5) invested, with shares, ITs etc that trade in whole units, you can still specify the whole amount, and you will be be left with a small amount of change after buying as many shares as possible with the specified amount.

LastbutFast wrote: »

Thanks Eco Miser. I bought the fund I had selected this morning. The order was accepted and a Order Reference number was given to me during the process, which I have recorded. I wonder if anyone can give me an idea when the details will appear in my s&s account? At the moment there is no detail, not even the Order Reference available but the payment has gone through. Sorry if this is another beginners naive question but would appreciate advice.

It should appear online in your account in about 3 days time, but will probably be dated as tomorrow. It depends what time you submit your 'buy' request, what time IWEB submits all the requests to the fund manager, and at what time the particular fund is priced.

My experience shows typically 3 days (excluding weekends) from me pressing 'buy' to being able to see the fund online.

LastbutFast wrote: »

Thanks badger09, especially for your patience with the anxious ramblings of a newbie investor. I am looking forward to completion of this exercise and putting on it the backburner, for say, the next 10 years. I can get then get back to enjoying this retirement lark!
I just want to say how helpful I find this forum and thanks to all contributors.

You're very welcome. We all had to start somewhere. I started investing in earnest only a few years ago in my early 60s:o It is so easy to become overwhelmed by the massive amount of information available, and I personally suffer from 'paralysis by analysis'. At least you've overcome that:)

This forum is incredibly useful, and it doesn't take long to weed out the less than helpful suggestions that are sometimes made, and to get a feel for which posters you can trust on various aspects of your finances.

I find the ongoing learning process to be fascinating, if time consuming. But then, what is retirement for if we can't choose how we spend some of our time:T