Funds

[Seany88]

Probably a basic question for most of you but couldn't seem to find an answer anywhere.

I recently invested in a fund through an online fund supermarket. I thought that i'd invest while the market has dipped, but thinking about it did it actually make any difference?

How does a fund work? Does my money just go into a 'pot' where the fund manager then uses to buy stocks as/when he wishes OR as soon as i give them my money it gets invested directly into whatever they are invested in?

[Seany88]

UpTheIron said:

Seany88 said:

Probably a basic question for most of you but couldn't seem to find an answer anywhere.

I recently invested in a fund through an online fund supermarket. I thought that i'd invest while the market has dipped, but thinking about it did it actually make any difference?

How does a fund work? Does my money just go into a 'pot' where the fund manager then uses to buy stocks as/when he wishes OR as soon as i give them my money it gets invested directly into whatever they are invested in?

So you gave someone else your money, without understanding what they are going to do with it?!!!

Basically...yes! Well in fact no, i knew where they were investing etc just not whether it was advantageous to increase my investment when the fund dips.

Tiggsy, thanks i guess i gambled right. Well until this week happened...