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Faster buy/sell than Vanguard?
lastminuteinvestor123
Posts: 10 Forumite
Hi. I have a pension/savings strategy that uses Vanguard which was an appropriate company to use for my previous circumstances, where I had a steady income and only ever wanted to regularly buy and not sell and their fees were low. My circumstances have now changed and a few times a year I’ll have to sell and the delay between the order and it being actions is too long (it just cost me £2k on a sell order because of market change during the delay). I mainly use the Vanguard FTSE Developed World ex-UK accumulation fund.
Does anyone know if there’s a different company I could buy/sell that fund (or very similar) from who have a more immediate response to a sell order and whose fees are still quite low?
Thank you.
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Comments
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I'd suggest reading up on the differences between ETFs and OEICs, one of the key variances being that the former is traded live in real time but the latter isn't (and entails a lag of at least a day), so you need to choose the right sort of instrument for your needs, rather than pointing the finger at your chosen platform or fund manager, neither of whom affect what you're describing.
However, investing money that you need quick access to in a global equity index tracker is an extraordinarily risky thing to do in the first place, why would you do that?0
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