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Selling Funds to buy Funds - Best / cheapest method.


Decided to sell some of my  funds to put them all into a World index tracker to make life simple especially as I do not really know what I am doing and want to avoid temptation of messing around too much..

My question Is , is there a best time of day to sell funds ? When I click on the sell option on my Iweb account on my HSBC GBL STRAT  it says will be priced at the next valuation point , does this mean the funds will be "held" until that point ?

thanks

Comments

  • masonic
    masonic Posts: 29,604 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Funds are priced once per day. There will be a cut-off time before which you'll get that day's valuation and after, the next day's valuation. This varies by fund, but doesn't matter a great deal, as you don't know which price will be better.
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