The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not a war, I, like many others I suspect, am sick to death of the tiresome childish insults and snide remarks that seem to be a constant feature of this board. If people haven't got something positive, helpful or constructive to contribute then I wish they would STFU.
My objection is that it takes up to 14 days to get my unused funds back. In the old days it used to take 3 days to clear a cheque because bank messengers met in a Clearing house to exchange cheques. Then they dicovered compuers and now we have instant clearing. Perhaps Avacta should invest in some of those. 10-14 days is outrageous. So it is not my fault.
The funds I used to apply for additional shares were removed from my HL account yesterday but no allocation has appeared in my statement. Nor have the unused funds been returned to my account. I understand from HL that it will take 7 to 10 before the unused funds reappear. They couldn't offer an explanation for the long delay and told me to talk to Avacta as the funds are currently with them. Bullsh*t. I've tried contacting Avacta and FTI but you all know how difficult they are to communicate with. I gather I am not alone in being shocked and annoyed about this.