1st ISA attempt, what have I signed up to.

Vortigern

Dandytf said:

@Vortigern
Similar to this part, or is this off no relevance to daily Unit price, thanks
Each fund has a daily ‘valuation point’, normally at 12 noon. At this time the manager works out the value per unit of the fund’s investments. This is the price at which units are bought and sold.

That is exactly what I was trying to tell you. The daily valuation point determines the unit price.

But if you place a buy or sell order, it will execute at tomorrow's valuation point price. You won't know the price when you place the order.  So live streaming is pointless, unless you're trading shares or ETFs.

How much have you lost so far?

Dandytf

@Vortigern
I don't yet to intend Manually Bur or Sell yet, I'll let HL Fund Managers place deals from 10th March until 21st.
Though unit price has dropped almost 10p i.e. £1.31 -current from £1.40 I haven't lost anything as this fund is initially running 12 months minimum -my max is to be 15 Years.
I had thought Live Streaming price was similar to sharesave where prices rise or fall multiple times per day , though it seems this fund is different as it only updates once per day.
I assume I haven't  lost anything yet -I intent to re check a few times per year until 12 months is complete.
thanks for your advice today.

masonic

Dandytf said:

I'll let HL Fund Managers place deals from 10th March until 21st.

The fund managers will not be placing any deals on your behalf. You have set up a regular investment, which will automatically place an order to buy £25 of the HL fund every month. It is under your control and won't be managed by another human being.

Dandytf

masonic said:

Dandytf said:

I'll let HL Fund Managers place deals from 10th March until 21st.

The fund managers will not be placing any deals on your behalf. You have set up a regular investment, which will automatically place an order to buy £25 of the HL fund every month. It is under your control and won't be managed by another human being.

Honestly, I thought I had requested HL Managers to use my monthly deposits to invest in my selected fund.
Then I'll need to begin from £100 pounds then minimum 
I thought I had chosen to 'Invest' ~£25 per month in my chosen fund.

Investment
HL Select UK Growth Shares Income	£25.00	£25.00

Cash to be held on account pending investment	£0.00	£0.00
Total	£25.00	£25.00

This was my chosen DD monthly deposit (or what HL call Investment

Dandytf

This updated price is vey late online tonight -not a change that was online this morning or afternoon.

Stock name	Price	Day change		Units	Unit cost (p)	Value (£)	Gain/loss		Actions
							£	%
HL Select UK Growth Shares 5  Inc (GBP) 2.5 p recovery -not is all lost.	133.50p	+2.54p	+1.94%	1 Unit

Dandytf

An idea of how I found my chosen fund.

Choose a ready-made ISA

You can invest for income or growth and select from three pre-determined risk levels.

Open your ISA

Once you have chosen a portfolio you can open your ISA in less than 5 minutes.

Sit back and relax

You can leave the rest to our experts. We will rebalance the portfolio for you twice a year.

Simply follow the 3 steps below to select a portfolio...

I chose the Income one then my Fund -so no further action from myself next 12 months.

masonic

Dandytf said:

masonic said:

Dandytf said:

I'll let HL Fund Managers place deals from 10th March until 21st.

The fund managers will not be placing any deals on your behalf. You have set up a regular investment, which will automatically place an order to buy £25 of the HL fund every month. It is under your control and won't be managed by another human being.

Honestly, I thought I had requested HL Managers to use my monthly deposits to invest in my selected fund.
Then I'll need to begin from £100 pounds then minimum 
I thought I had chosen to 'Invest' ~£25 per month in my chosen fund.

Investment
HL Select UK Growth Shares Income	£25.00	£25.00

Cash to be held on account pending investment	£0.00	£0.00
Total	£25.00	£25.00

This was my chosen DD monthly deposit (or what HL call Investment

The only part of that you have misunderstood is the bit about HL Fund Managers playing any part in you making your monthly investments. The £25 per month order that you set up to invest in the fund will do just that, but it is an automated investment order you set up and is under your control. HL Fund Managers have nothing to do with this process, they are just the fund management company who run the fund you have chosen to invest it. Your regular investment instruction is placed with HL Asset Management, who provide this regular investment facility as a DIY service.

masonic

Dandytf said:

An idea of how I found my chosen fund.

Choose a ready-made ISA

You can invest for income or growth and select from three pre-determined risk levels.

Open your ISA

Once you have chosen a portfolio you can open your ISA in less than 5 minutes.

Sit back and relax

You can leave the rest to our experts. We will rebalance the portfolio for you twice a year.

Simply follow the 3 steps below to select a portfolio...

I chose the Income one then my Fund -so no further action from myself next 12 months.

Hold on, this is not what you've said in previous posts. So you went for this option: https://www.hl.co.uk/investment-services/isa/ready-made-isa3/portfolio-plus 

Which invests in HL's VERY expensive Multi-manager funds and has a £1000 minimum investment amount?

Why do you believe that you have just 12 months where no further action is needed from yourself?

Dandytf

@masonic
thanks I didn't know off HL Asset Management.
Is there any further instruction required from myself,I don't have such knowledge to choose my own investments.

Dandytf

masonic said:

Hold on, this is not what you've said in previous posts. So you went for this option: https://www.hl.co.uk/investment-services/isa/ready-made-isa3/portfolio-plus 

Which invests in HL's VERY expensive Multi-manager funds and has a £1000 minimum investment amount?

Why do you believe that you have just 12 months where no further action is needed from yourself?

No not that 1k one it was from 25 pounds per month, though I thought when I chose the Fund that included HL's Stocks as prt of Fund such as Rightmove, Experian etc...is this not where my 25 pounds for 12 months is going to.