Timing selling a fund

dannybbb

I just want to change the kind of fund I have so it sounds like AM Over a few days might be the nostbsensible way

eskbanker

dannybbb said:

I just want to change the kind of fund I have so it sounds like AM Over a few days might be the nostbsensible way

Making multiple smaller transactions instead of one large one will run up higher dealing costs....

dannybbb

i cant seem to see how to set a sell limit, that would seem to be the safest way and to keep it to 1 transaction. if i go to sell it just offers me the quanitity. Ill try get an answer at ii

eskbanker

dannybbb said:

i cant seem to see how to set a sell limit, that would seem to be the safest way and to keep it to 1 transaction. if i go to sell it just offers me the quanitity. Ill try get an answer at ii

The answer ('no') is on their website:

Order Types can only be placed on eligible UK quoted equities, so overseas stocks and funds are not eligible.

https://www.ii.co.uk/help/trading/buy-or-sell-investments/order-types-automatically-buy-or-sell-at-a-certain-price

Bostonerimus1

Why are you selling? Where is the money going? Your approach to investing will be a fast way to high blood pressure and an ulcer. Does it really matter when your sale actually executes?

eskbanker

Bostonerimus1 said:

Why are you selling? Where is the money going?

Apparently an imminent repurchase of something else:

dannybbb said:

I just want to change the kind of fund I have...

dannybbb

i want a fund with less equities so matters in that ill be selling the whole thing at once if theres a big change in value

Alexland

dannybbb said:

i want a fund with less equities so matters in that ill be selling the whole thing at once if theres a big change in value

If you strategy is likely to cause you to adjust your asset allocation again in future you may find it preferable to run a multi-fund portfolio such that the proportion you still intend to remain in equities does not need to be uninvested and quite often single asset type funds have lower % fees than multi asset funds. Still you will see bigger swings in the individual fund values and there's extra trading when making contributions and rebalancing the portfolio (although it's often possible to make small rebalances by redirecting new contributions to whichever fund required to maintain the target % asset allocation).

Bostonerimus1

dannybbb said:

i want a fund with less equities so matters in that ill be selling the whole thing at once if theres a big change in value

Of course it might go the other way. Worrying about short term fluctuations often leads to poor decisions and, as I've already said, high blood pressure as well. Make your "adjustment" and move on, think strategically rather than tactically.

dannybbb

It might go the other way but I’m happy  with lower returns and more stability. @alexland could you give me an example of this kind of fund?