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  • FIRST POST
    • aubergine99
    • By aubergine99 13th Jul 18, 11:01 AM
    • 14Posts
    • 0Thanks
    aubergine99
    Switching funds on HL
    • #1
    • 13th Jul 18, 11:01 AM
    Switching funds on HL 13th Jul 18 at 11:01 AM
    I'd like some advice pls as a newbie. I'm thinking of switching my HSBC FTSE All Share fund to Lindsell Train Global Equity for the long term. Is there anything I should consider before placing the deal? I'd be switching from Acc to Inc units. Is that a problem? Is there a best time (of day) to place deal to avoid losses? Thanks
Page 1
    • DennisTenus
    • By DennisTenus 13th Jul 18, 11:14 AM
    • 310 Posts
    • 39 Thanks
    DennisTenus
    • #2
    • 13th Jul 18, 11:14 AM
    • #2
    • 13th Jul 18, 11:14 AM
    Before 8am as thats when HL processes orders each day to the fund managers unless the the fund's cut off is in the morning

    I always do mine late at night after 9pm at least
    • londoninvestor
    • By londoninvestor 13th Jul 18, 4:23 PM
    • 430 Posts
    • 348 Thanks
    londoninvestor
    • #3
    • 13th Jul 18, 4:23 PM
    • #3
    • 13th Jul 18, 4:23 PM
    I'd be switching from Acc to Inc units. Is that a problem?
    Originally posted by aubergine99
    No, not at all.

    As for timing - what DennisTenus said.
    • ColdIron
    • By ColdIron 13th Jul 18, 4:31 PM
    • 4,812 Posts
    • 6,328 Thanks
    ColdIron
    • #4
    • 13th Jul 18, 4:31 PM
    • #4
    • 13th Jul 18, 4:31 PM
    I'd be switching from Acc to Inc units. Is that a problem?
    Originally posted by aubergine99
    You'll probably want to change your Income Instructions to Automatically Reinvested
    • aubergine99
    • By aubergine99 13th Jul 18, 5:06 PM
    • 14 Posts
    • 0 Thanks
    aubergine99
    • #5
    • 13th Jul 18, 5:06 PM
    • #5
    • 13th Jul 18, 5:06 PM
    ColdIron, I didn't know that could be done. I wondered why fund doesn't have Acc version.
    • ColdIron
    • By ColdIron 13th Jul 18, 5:49 PM
    • 4,812 Posts
    • 6,328 Thanks
    ColdIron
    • #6
    • 13th Jul 18, 5:49 PM
    • #6
    • 13th Jul 18, 5:49 PM
    There isn't an Acc class that retains the dividends but you can instruct HL to automatically buy more units with the dividends you receive from your Inc fund. Go to 'Account Settings' then 'Withdrawals, income and loyalty bonus', then 'Edit income instructions' where you can choose: Automatically reinvested

    There is a small charge for this (1%, 1 minimum) or you could leave them on account and save them up until you have 100 and buy them for free. Depends on the size of your investment
    • DennisTenus
    • By DennisTenus 13th Jul 18, 5:58 PM
    • 310 Posts
    • 39 Thanks
    DennisTenus
    • #7
    • 13th Jul 18, 5:58 PM
    • #7
    • 13th Jul 18, 5:58 PM
    There isn't an Acc class that retains the dividends but you can instruct HL to automatically buy more units with the dividends you receive from your Inc fund. Go to 'Account Settings' then 'Withdrawals, income and loyalty bonus', then 'Edit income instructions' where you can choose: Automatically reinvested

    There is a small charge for this (1%, 1 minimum) or you could leave them on account and save them up until you have 100 and buy them for free. Depends on the size of your investment
    Originally posted by ColdIron
    I've found that HL actually used some of my income from an inc fund to pay their feeds (automatically), so bear that in mind
    • ColdIron
    • By ColdIron 13th Jul 18, 6:11 PM
    • 4,812 Posts
    • 6,328 Thanks
    ColdIron
    • #8
    • 13th Jul 18, 6:11 PM
    • #8
    • 13th Jul 18, 6:11 PM
    Yes, good point. This is the default option for fee collection (income account then capital account) but you can change it to capital then income account in the fee collection options
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