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Selling funds advice needed
Comments
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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?0 -
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?0 -
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=2Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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