Heads they win, tails I lose

aroominyork

Over recent years, most times when I have been out of the market when switching funds (one day) or moving funds from a Trading account to a wrapped account (T+3) the market has moved against me. This year I decided a wouldn't be caught so, since I have cash in an instant access savings account, yesterday I 'pre-funded' the wrapped SIPP+ISA purchases, sold an equivalent Trading amount and will have the cash back in my savings account before the weekend. Except... I bought HSBC FTSE All World Index but sold Fidelity Index World which I had bought at the end of March to use CGT allowance (having sold the HSBC fund in my Trading account). Small differences in holdings but naturally the vagaries moved against me with HSBC rising 0.74% yesterday while Fidelity fell 0.07%.

You know those sites where you can copy other people's trades? If anyone wants to trade the reverse of me I can almost guarantee you will rake it in!

artyboy

Meh, I bailed out of a very large HSBA holding yesterday as I wanted to lock in a very decent gain and reduce single stock exposure.

So naturally they are up nearly 5% today on earnings. Still, glass half full and all that 

masonic

Swing pricing doing its thing? I have the same luck. My policy of trading as little as possible has helped with that.

aroominyork

masonic said:

Swing pricing doing its thing? I have the same luck. My policy of trading as little as possible has helped with that.

I'd like to think my few tens of k's swings the prices of these multi-billion Pound funds but King Canute comes to mind.

InvesterJones

Doh, just market pricing points. Annoying but probably insignificant in the grand scheme of things - or just hedge everything so you do half one day and half the next.

masonic

aroominyork said:

masonic said:

Swing pricing doing its thing? I have the same luck. My policy of trading as little as possible has helped with that.

I'd like to think my few tens of k's swings the prices of these multi-billion Pound funds but King Canute comes to mind.

Swing pricing is about what everyone else is doing. If there are net inflows on the day you are buying, then you'll get a worse price than if there were net outflows. Likewise with net outflows on a day that you sell.