Selling funds advice needed

moneylover

wow, clever with Japan.
So was this with HL? So although they don't open till 8am anybuy/sell order that has been received whilst they were closed is processed at that days midday pricing (if the unit trust is one that is priced daily).
So if I place a buy order on a UT tonight will the price I get be based on what happened on Friday or a combination of Friday and Monday morning?

Jegersmart

gadgetmind wrote: »

A lot of people, including myself I'm ashamed to say, used this wrinkle to exit Japanese funds on the news of the tsunami. I got the instructions in before 8am, sold at the midday price, which was well before the Japanese markets opened and it all turned to boom boom.

I bought back in to mostly the same funds about a week later, which is a gamble that's still to prove its worth, but I am in at a lower price.

Interesting. Which platform is this?

Ark_Welder

moneylover wrote: »

wow, clever with Japan.
So was this with HL? So although they don't open till 8am anybuy/sell order that has been received whilst they were closed is processed at that days midday pricing (if the unit trust is one that is priced daily).
So if I place a buy order on a UT tonight will the price I get be based on what happened on Friday or a combination of Friday and Monday morning?

Depends on the pricing basis: http://forums.moneysavingexpert.com/showpost.php?p=46944219&postcount=2