Hargreaves Lansdown Investment

jimjames

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.

Asking about ISA limits is hardly spam - seems like a genuine question to me. Maybe not everyone has the same level of understanding as you. The other questions maybe answered more easily by the provider but probably not on a Sunday evening!

experience08

jimjames wrote: »

Asking about ISA limits is hardly spam - seems like a genuine question to me. Maybe not everyone has the same level of understanding as you. The other questions maybe answered more easily by the provider but probably not on a Sunday evening!

Hi jim, what do the Asian futures look like tonight? Can't log into my usual account:mad:

jamesd

moneylover wrote: »

If the markets are volatile is a fund proportionately as volatile as a share or do they move more slowly

A fund has to hold more than one share so it is likely to move more slowly than any single share.

moneylover wrote: »

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.

With a fund the price you get is the price at the net valuation point, often noon. How orders are processed also differs between brokers and some may require that an order be placed before 9AM or even 8AM to trade at that day's noon valuation.

moneylover wrote: »

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?

It's a consideration. So are the likely differences in level of counterparty risk and tracking error between the two approaches.

Ark_Welder

moneylover wrote: »

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?

Depends on your timescales. In highly volatile conditions, or for short-term trading, then it might. But if you were looking to invest for ten years then would the ability to trade more frequent than on a daily basis have much of an overall effect?

moneylover

jamesd wrote: »

So are the likely differences in level of counterparty risk and tracking error between the two approaches.

I understand tracking error but not counterparty risk if there is a simpler way of expressing it?

Ark_Welder

moneylover wrote: »

I understand tracking error but not counterparty risk if there is a simpler way of expressing it?

Two words: Lehman Brothers.

Some ETFs do not hold the physical assets that they track, they hold a different type of asset and then use derivatives to mimic the tracking. The risk is that the issuer or holder of the derivative - the counterparty - does not pay out when it is exercised.

dunstonh

ETFs are a more complicated investment option than unit trusts. You get different types of ETF and some are actually quite a bit higher risk than people realise.

Synthetic or swaps-based Exchange Traded Funds are quite a bit higher risk than those which use physical assets.

moneylover

thanks to those who explained Counterparty Risk.
Its actually the ftse all share etf I want to buy. If I was buying the tracker fund I would use H-L and get HSBC as seems to be the cheapest. Can anyone tell me what the equivalent to buy is in an ETF. I have an account with X-O and one with H-L
Many thanks

dunstonh

You will almost certainly find that the UT/OEIC trackers are better value than the ETF trackers in this case. It really depends on how much you want to have greater trading flexibility on timing.

moneylover

dunstonh wrote: »

You will almost certainly find that the UT/OEIC trackers are better value than the ETF trackers in this case. It really depends on how much you want to have greater trading flexibility on timing.

Thank you, but can you briefly say why for the ftse all share which doesnt havethe risks of some ETFs - I do want to learn

I think that I do want an ETF this time (flexibility of timing appeals - I like the transparency of what I get if I sell) but I don't know what I should be buying is it i-shares via a normal online broker (I use x-o) . I know that with a tracker I would prob go with HSBC but I dont know whaat is what with the ETF for ftse all share or even if there is one!

Thanks for all the help