Correction in progress!

BananaRepublic

username12345678 wrote: »

And, of course, the corollary to this being identifying the out-performers prior to the event.

It’s not hard. As I said, the good ones do not outperform by chance.

BananaRepublic

TBC15 wrote: »

And why not, we have to blame someone. The Daily Mail/Express tells me so.

And of course the Guardian blames no-one.

aroominyork

DairyQueen wrote: »

My portfolio is down 3.93% over the last week and 1.15% today.

I invest through HL and today's fund movements came through just before 5.30pm. You posted at 5.10pm so maybe the same for you. But if your falls include today's, please let me know your fees to manage my investments.

ChesterDog

This means I have only made 13% in the last twelve months.

I suppose it will just have to do.

We'll manage somehow.

JSCB

ColdIron wrote: »

Funds are forward priced so if you put in an instruction tonight you will get the price at the next valuation point, often midday but it differs by fund, for instance Vanguard's LifeStrategy is 21:00. The settlement date and your contract note will follow a few days later

So if you purchased at 20:59 would you get todays price or have to wait for tomorrows?

Thinking practically, if I were to boost my investment tonight, now, at 6.30pm UK time, will my order not go through until tomorrow nights 21:00? Do you know when the latest is you can make an order?

With shares you know the price, make the order and buy pretty much instantly, with funds it seems a bit drawn out, especially in times of volatility when you want to make the order with only the best knowledge you can, which ordering 24hours prior to knowing the buy price isn't really!

Last time I brought the fund it took several days to go through and get the contract note!

JSCB

Was planning on increasing my VLS80 fund anyway, but is now a good time, or has the ship sailed and the markets already pretty much recovered?

Can see how the ftse's doing etc, but can't figure how to translate all that into the funds

bostonerimus

JSCB wrote: »

Was planning on increasing my VLS80 fund anyway, but is now a good time, or has the ship sailed and the markets already pretty much recovered?

Can see how the ftse's doing etc, but can't figure how to translate all that into the funds

Your decision should not be influence by high frequency noise, but by long term trends

dunstonh

JSCB wrote: »

Was planning on increasing my VLS80 fund anyway, but is now a good time, or has the ship sailed and the markets already pretty much recovered?

Can see how the ftse's doing etc, but can't figure how to translate all that into the funds

You will know the answer to that in about 18 months

Glen_Clark

DairyQueen wrote: »

My portfolio is down ........1.15% today.

Thats remarkably Good.:)
My equity portfolio is down nearly as much as my biggest holding (SWDA World Tracker) which is down 3 times your amount -3.45%

ColdIron

JSCB wrote: »

So if you purchased at 20:59 would you get todays price or have to wait for tomorrows?

Thinking practically, if I were to boost my investment tonight, now, at 6.30pm UK time, will my order not go through until tomorrow nights 21:00? Do you know when the latest is you can make an order?

The valuation point is just when the fund produces the price, it's not when the trade is made. Various platforms will have their own policies for receiving and placing orders. For instance they may say instructions received before 8:00AM or 11:00AM or whatever will be placed using the next valuation point. If you placed an order for Vanguard at 20:59 your platform will just add it to the pile of orders to be processed after their cut off time the next working day

With shares you know the price, make the order and buy pretty much instantly, with funds it seems a bit drawn out, especially in times of volatility when you want to make the order with only the best knowledge you can, which ordering 24hours prior to knowing the buy price isn't really!

With a company share it's easy to quote the price and strike a deal in real time, with a fund of maybe thousands of holdings, less so. Some funds may hold (perhaps illiquid) bonds, property, private equity etc where an accurate price may not be available for days, perhaps weeks. As I say funds are forward priced so you can't know what it will be, it's just the nature of funds. You're going to be holding these for years so I wouldn't get hung up about it. If it bothers you have a look at how Investment Trusts work. They are shares traded in real time, they have the same issue but you will be trading in shares of the company that owns the underlying holdings and not the underlying holdings directly so there will be two prices, the company share price and the net asset value of their holdings

Last time I brought the fund it took several days to go through and get the contract note!

Receiving the contract note isn't critical, just admin. Check the transaction date and maybe time on it and it will probably be when you expected, a few days earlier. I've waited nearly a week for contract notes to turn up but the transaction is usually when I expected it to be