Hargreaves Lansdown Investment

Tom_Pickering

Just joined HL stocks & shares ISA. Need clarification on a few points.
a/ the investment limit in this tax year is £10,680, is this in addition to the cash ISA i have for this year (£5200)?
b/the HL funds are valued every day at 12 noon, is this the same for all the funds HL offer?
b/ if it's been a poor morning for the FTSE 100, can i deposit £1000 and buy into a tracker fund at, say, 11am and that money will go into the fund at 12 noon? And the value of the fund will reflect the falls on the FTSE 100 in the morning....or is the fund reflecting the previous days FTSE levels?
c/same as b really, but foreign funds, say Asian. Does the 12 noon valuation reflect the previous nights trading which would have closed only 5 or 6 hours ago?

Thanks

Lokolo

a) No the allowance is £10,680 MINUS anything you have put in Cash ISA.

b) No, funds don't work like that. Funds update once a day.

c) No you will buy at prices at the morning, whatever that may be.

Sparky47

Tom_Pickering wrote: »

a/ the investment limit in this tax year is £10,680, is this in addition to the cash ISA i have for this year (£5200)?

Just to clarify, the total ISA allowance this year is £10680, of which up to £5340 (not £5200) can be in a cash ISA with the remainder in a S&S ISA.

dunstonh

b/ if it's been a poor morning for the FTSE 100, can i deposit £1000 and buy into a tracker fund at, say, 11am and that money will go into the fund at 12 noon? And the value of the fund will reflect the falls on the FTSE 100 in the morning....or is the fund reflecting the previous days FTSE levels?

Not with the types of investments HL offer. You would need a more advanced platform for that.

psychic_teabag

As far as I can tell, at HL you have to have your fund purchase/sale request in by 8am in order to be executed at noon. After that, it will be held over until the next working day. (That's online - don't know if it's any different by phone.) Then for most funds the transaction will take place at noon's price. So you can't wait to find out what the price is going to be.

(For a US index tracker, while the fund is priced at noon, I believe it will be based on the previous day's closing price, though perhaps with latest exchange rate. Not sure about that either.)

almondsalty

Why did you make a new thread about this? These are issues you should ask their customer support not a third party forum.

It makes no sense to make a thread asking detailed questions about a provider on a third party forum of which the provider can easily answer.

Looks like SPAM to me, seeing a lot of these 'HL.....' threads on here as of late.

Lokolo

almondsalty wrote: »

Why did you make a new thread about this? These are issues you should ask their customer support not a third party forum.

It makes no sense to make a thread asking detailed questions about a provider on a third party forum of which the provider can easily answer.

Looks like SPAM to me, seeing a lot of these 'HL.....' threads on here as of late.

Then why would this forum exist if everything was easily available from every provider?

The reason HL is mentioned a lot if because most of the regulars use them, so recommend them, not rocket science is it?

The user also joined in March 2009 - which indicates its not likely to be spam.

jamesd

Tom_Pickering wrote: »

the investment limit in this tax year is £10,680, is this in addition to the cash ISA i have for this year (£5200)?

If you want to move the cash part to HL you can do that using a transfer from. As others have said the £10,680 is the total for both.

Tom_Pickering wrote: »

the HL funds are valued every day at 12 noon, is this the same for all the funds HL offer?

Noon is common but not all funds use noon. The valuation time is usually given somewhere in the fund prospectus. Trades happen at the values given at that time, with a few small variations in value possible that aren't usually worth wondering about - small fractions of a percent.

Tom_Pickering wrote: »

if it's been a poor morning for the FTSE 100, can i deposit £1000 and buy into a tracker fund at, say, 11am and that money will go into the fund at 12 noon? And the value of the fund will reflect the falls on the FTSE 100 in the morning....or is the fund reflecting the previous days FTSE levels?

Not at HL because they won't act on an instruction for a unit trust or OEIC given that late. Though you could try phoning in the order to see if it's better that way.

If you were to use an ETF or investment trust you could do live dealing on those at any time when their market is open, just like share dealing. HL will charge you 0.5% a year to hold ETFs or investment trusts, capped at £45 or so total for the ISA account.

Tom_Pickering wrote: »

same as b really, but foreign funds, say Asian. Does the 12 noon valuation reflect the previous nights trading which would have closed only 5 or 6 hours ago?

Yes, it would include the effect of that trading. It's possible that the transaction would not be processed until the next time the market is open because the fund management company may have to buy or sell shares to fulfill the order. If so the deal will be delayed until the next valuation point after that can be done.

experience08

Valid questions, still can't figure out the answers :money: Well, these are supposed to be LONG TERM investments. I'm mostly short term.

Porcupine

Some funds have longer dealing times: I know one where the dealing is only once a week (on a Wednesday). As a secondary effect it looks a smoother ride because it's only priced once a week too.

FWIW I made a buy order of some European and American funds on a Thursday evening about 10 days ago on HL's website. Order actioned on Friday morning, but took the prices from 8am Monday morning. Which meant that I caught the dead cat bounce from the US Congress debt agreement

moneylover

I have never owned a fund. If the markets are volatile is a fund proportionately as volatile as a share or do they move more slowly Was wondering because with an investment trust (not that I have owned one of these either), the price you see when you trade is what you get.
Also with an ETF tracker in say the ftse as opposed to a tracker fund
Would, in each case, this transparency of sale price be worthy of any consideration when deciding what investment to go for if you are looking at mirror or near mirror investments?