To switch between your investment funds, you need to place a sell trade followed by a buy trade. You can do this in the following steps:
- Log in to your Kernel account and select the fund you wish to sell. Confirm your desired number of units sold.
- If your confirmation is received before 12:00pm on Monday or Wednesday in a given week, you will likely see the sale proceeds in your wallet on Tuesday or Thursday afternoon (depending on which trading day you were in). .
- Once your cash is available, simply confirm a new investment order into your desired funds.
Hmmm okay, give me an example..
On Friday, Kate decides to switch from NZ 20 to Kernel S&P Global 100. She confirms the sell order and then goes to enjoy her weekend. On Monday that order is processed and the proceeds are available in her wallet on Tuesday afternoon. She logs into her account to re-invest them on Wednesday morning, and the trades are processed at 12PM Wednesday. Voila, an investment switch.
Thinking about switching? You can check out your investment options here.