The Guide to Investing in Stocks and Shares
sports Stars Media

Get your free $100,000 CFD trading account today

BuyPennyStocks.com - an unbiased resource dedicated to helping investors interested in penny stocks.


Invest in the Future

Advertise with Shareworld now and profit from our future
Click here for more information


basically i am geting 7 grand compensation, however on the paper it says "securities held: 265.504 Equity index tracker fund income units" and on the form it gives me n option like: Securities holdings (stocks/shares) A. All security holdings to be sold B. All holdings tranfs...

Question

basically i am geting 7 grand compensation, however on the paper it says "securities held: 265.504 Equity index tracker fund income units" and on the form it gives me n option like: Securities holdings (stocks/shares) A. All security holdings to be sold B. All holdings tranfsferred in to my name C. part sold and part transferred Now what i don't get is...im not good with finance or business but i have a fairly good idea of what a shares/stock is ... what would be the best option to take? and how much is "265.504"? cos i dont know where the 504 comes from (btw this is in sterling british pounds) what would the best option be to get the most money from this "share or stock"? also say if the stocks are worth for example 10 pounds per share or whatever? would that mean i get 265.504x10? thanks for any help - Posted by Jack

Answer

ANSWER 2nd March 2010 Hi Jack, Without seeing the piece of paper I am not sure I could give you a proper answer. I don't know why you are getting 'compensation'. Compensation for what? AS I have said elsewhere you appear to have money in a fund that tracks (goes up and down with) the Index. But that could be any Index, I guessed at the FTSE100 index, the UK's main share index. Presumably you purchased these Units at some time? If you want to email me a copy of the letter I will have a look (see Shareworld contact page). Although the easiest way would be to 'phone the Managers running the fund and ask them for values etc.
Add A Comment

Add A Comment

This is a captcha-picture. It is used to prevent mass-access by robots. (see: www.captcha.net)
Code in the picture:
Title:
Your Name(*):
Email:
Notify me of any further comments to this thread:
Website:
Comment(*):
 

Have you Joined our Investment Forum?

The moderator of our Question and Answer service is an active member in our investment forum and gets involved with discussions in much greater depth. If your not already a member, you can join here, its completely free and it takes a couple of minutes to register.