Fidelity ISA Fund20 Nov 2020 09:54
Sold my Fidelity ISA today so I could reinvest under the 2010 ISA wrapper in stocks and shares as I believe I can improve my returns better.
After trying to reinvest, I find out that the funds are unavailable for up to 5 working days. What a crock of sh*t!
This day and age, everything should be instant.
Now missing 5 days of potential gains (or losses!).
Hopefully IG will be better, most of my holding is with them and once I've reinvested I'm moving the 2010 ISA to them with the rest of my gold.
Anyone else had something similar? Do you think it's normal for funds to take so long to get the money?
I know IG is 3 days if you are cashing out shares but you can reinvest immediately if you are not taking the money out of the platform or transfering between accounts (eg share account to ISA account).