ftse all share tracker

psychic_teabag

moneylover wrote: »

Yes, I am thinking of selling my ftse all share with HL. But you have got to guess the index I think that I will have to look at how the Dow closed and I subscribe to the city briefing from the Telegraph which arrives in my email about 7.30am and indicates how FTSE may open (but dont know where info is sourced)

One source of predictions is the spreadbetting prices.

HL require orders in by 8am, whereas I think Best allow orders in by 9:30am. Fidelity allow orders as late as 11am, but I'm starting to wonder it that only works for selling.

I've just started using Fidelity, but so far, it seems that cash lives in a "cash park", and a buy is treated as a switch out of that park : so the cash is removed at noon one day, and then used to make the purchase the next day. So you actually have to give 25 hours notice. Maybe it works better if you're buying with new money rather than "switching" from cash you already have in there.

moneylover

Thanks to both
Yes I knew that BestInvest and Fidelity had later trading times maybe someone who has used Fidelity for a while would be able to say if new money is treated differently from a sell and buy order.
Even one hour after the stock market opens makes a difference so obviously its useful to know about Best Invest.
I didnt know that spread betting gave an idea on opening prices for the market how do I open a demo spread betting account - I don't want to do it for real, far too terrifying for me.
I would buy S&P inUK currency how would I know about extra FX charges please?

psychic_teabag

http://www.igindex.co.uk/ shows live prices of a few indixes including ftse. No need for an account.

You can get a demo account from a few places without having to put any of your own money in.

moneylover

psychic_teabag wrote: »

http://www.igindex.co.uk/ shows live prices of a few indixes including ftse. No need for an account.

So, looking at FTSE in the morning, say at 7.30am would I be looking at the bid or the offer price for an indication of how the market might open? There seems to be quite a spread. thank you

jamesd

HL only requires fund orders by 8AM. ETF orders are traded immediately whenever the markets are open and whenever HL's dealers are around, which mainly means European market hours.

For holdings where the £2 or £1 fee isn't efficient, HL offers the BlackRock UK Tracker for the FTSE All Share Index with no monthly fee and 0.57% TER with no dealing charge. That TER may be cheaper than an ETF with dealing charges, depending on the value and frequency of trades, particularly if you're regularly adding money.

No 0.5% charge for ETFs in the fund and share account at HL, is one in the SIPP or ISA, charged monthly pro-rata. If the 0.5% is being charged you might consider LUK2, the ETFS leveraged 2x FTSE 100 synthetic ETF to reduce the effect of the 0.5%.

rockitup

moneylover wrote: »

So, looking at FTSE in the morning, say at 7.30am would I be looking at the bid or the offer price for an indication of how the market might open? There seems to be quite a spread. thank you

The spread on FTSE out of hours can be around 4 to 6 points, so just go for middle of spread for trying to work out FTSE level.

After 8:00am the spread reduces to 1 point on IG Index or 0.7 points I think on CMC Spread bet

rockitup

moneylover wrote: »

Thanks to both
Yes I knew that BestInvest and Fidelity had later trading times maybe someone who has used Fidelity for a while would be able to say if new money is treated differently from a sell and buy order.
Even one hour after the stock market opens makes a difference so obviously its useful to know about Best Invest.
I didnt know that spread betting gave an idea on opening prices for the market how do I open a demo spread betting account - I don't want to do it for real, far too terrifying for me.
I would buy S&P inUK currency how would I know about extra FX charges please?

Spread betting is not bad if you know about how to use the leverage, say for instance you buy (go long) at £1 per point and the FTSE100 is priced at 5700. Then your total risk is a maximum £5700, which could only happen if FTSE went all the way to ZERO. If it dropped to 5150, then your loss if closing the trade would be £550. Likewise if FTSE rose to 6250 by time you closed the trade you have £550 profit.

For buying S & P or DJIA ETF's that are priced in UK currency, you would need to speak with the stockbroker/fund supermarket or maybe check the t & c's on the relevant documentation. If the ETF is priced in US Dollars then it depends on the stockbroker, smallish transactions are normally charged at around 1.3% to 1.5% FX fee each way on the trade in this rip-off country. If you were using Interactive Brokers there fees are very minimal, I heard they do FX conversions at very close to Spot rate. Not sure what their minimum account balance is though

gadgetmind

dunstonh wrote: »

an ETF costing 0.4% will be more expensive than an OEIC costing 0.2x%

Go with Vanguard and their FTSE All Share tracker is on a TER of 0.15%

Whether it's worth switching depends on how long you intend to remain invested as those annual fees really add up over a multi-decade period.

moneylover

jamesd wrote: »

For holdings where the £2 or £1 fee isn't efficient, HL offers the BlackRock UK Tracker for the FTSE All Share Index with no monthly fee and 0.57% TER with no dealing charge. That TER may be cheaper than an ETF with dealing charges, depending on the value and frequency of trades, particularly if you're regularly adding money.

No 0.5% charge for ETFs in the fund and share account at HL, is one in the SIPP or ISA, charged monthly pro-rata. If the 0.5% is being charged you might consider LUK2, the ETFS leveraged 2x FTSE 100 synthetic ETF to reduce the effect of the 0.5%.

JamesD, would the BlackRock UK all sharetracker be as good as the HSBC one? It would work out cheaper than paying the dreaded £2 a month (I think) on my £3000 holding
I've lost the plot a bit on the LUK2 is this a well thought of ETF do you know - I have never heard of it.... why would it reduce the effect of the .5%? Many thanks

gadgetmind

If you switch to BestInvest you can get the HSBC tracker (and others) without charges and hold shares (including ETFs) without HL's 0.5%. BestInvest will also cover any transfer fees.

I'm not 100% happy with their platform (limit orders are somewhat broken, and they seem to have problems with real-time orders for anything with low liquidity) but they answer the 'phone quickly and act like the actually care.

Don't get me wrong, I like HL's service, but they seem to be hanging an extra charge on everything they can.