Red Across the Board

Kendall80

Ryan_Futuristics wrote: »

Another reason I love Hargreaves Lansdown

Put my fund dealing orders in this morning, all submitted and dealt by early afternoon (not to mention all fee-free)

I remember when that used to take up to 5 days ... ETFs and investment trusts were the only way to catch the upside on weeks like this

0.45% platform charge though compared to CSDs 0.25 for lower amounts.

gadgetmind

Ryan_Futuristics wrote: »

I remember when that used to take up to 5 days ...

Some funds still only have valuation points once a week!

Rollinghome

Kendall80 wrote: »

Still takes about 4/5 days to go through on Charles Stanley although apparently the value is locked in at the next pricing point.

Couldn't resist a punt on Tullow Oil shares today.

It will take several days for the deal to be completed and settled with HL too. I suspect Ryan may be getting muddled over the pricing point and settlement.

As gadget points out, there will be variations between the funds. Most value daily at noon but others value variously between 8.00am and 4.00pm, and a few, such as Ruffer, just weekly rather than daily. So with HL and whoever, it could still in some circumstances take well over a week for the process from order to settlement to go through but orders placed a few hours before valuation should normally be placed that day.

gadgetmind

Rollinghome wrote: »

a few, such as Ruffer, just weekly rather than daily.

You got it in one!

Want to trade on a Thursday? Well, fine, but we only value on a Wednesday (afternoon, after a hearty lunch!) so please wait a week or so.

Ryan_Futuristics

Half of it's the broker and the other half's the fund ... That's why I was surprised all the deals I placed today went through in a couple of hours - dealt and settled (contract notes in my inbox)

I've been with Barclays and CS, and I remember Hargreaves wasn't this quick when I first got with them

I notice Hargreaves have also enabled £100 fund dealing recently (and even £25 on regular savings) ... so I wondered if perhaps they made larger fund purchases themselves (essentially buying in BIG blocks, monthly) and then assigned fund fragments to investors internally before rebalancing? I'd wondered that at the time, and that could explain how it's become so quick

I can't imagine JP Morgan processing 5,000 £25 fund deals each month, so they perhaps already had a regular purchase system in place? (speculating)

They're the Apple of fund trading imo - more expensive, but seem to earn more since switching over to them

Rollinghome

gadgetmind wrote: »

You got it in one!

Want to trade on a Thursday? Well, fine, but we only value on a Wednesday (afternoon, after a hearty lunch!) so please wait a week or so.

It's not their fault. Mrs Fidget, who does the accounts, can only come in on Wednesdays now since her bunions started playing up and no one else knows how to do it. Besides, it's only the oiks who buy their funds and there's more money to be made from their private clients.

Rollinghome

Ryan_Futuristics wrote: »

That's why I was surprised all the deals I placed today went through in a couple of hours - dealt and settled

Without all the details how that could ever come about is likely to remain one of life's little mysteries....

Kendall80

Portfolio reds rapidly becoming green. That was a small dip. I managed to get a few beneficial transactions in before the rise. Unfortunately missed out on the 14% Russia fund rise due to fund dealing times. ETFs next time maybe.

Mistermeaner

green and red is a bit....well...... black and white for me.

Would love a bit of yellow, amber and blue so separate the swings from the roundabouts

ChopperST

Managed to top up emerging markets, was too chicken to go for a Russian fund. Also wanted to top up my S&P tracker but funds weren't available.