So does iTrade REALLY move DLR.U between sections without direction to do so? If so, it would make ZSP.U different to DLR.U.
Obviously we don't expect ZSP.U or, indeed any other holding, to be automagically journaled around between sections without our specific direction to do so. Reports are that iTrade nonetheless actually does this with DLR.U for some reason that I do not fully understand. Is it actually true? If it is, what makes it right and proper for them to move DLR.U but not obvious that ZSP.U should be subject to the same logic?
And in case it is not clear, it is this information I am trying to make sense of:
Is that in fact true that this happens with iTrade?
I am only relaying information my FIL provided to me. Not sure if he misheard or misinterpreted what the rep said but that is my understanding of the information he received from the person he was talking to at iTrade.Is that in fact true that this happens with iTrade?
Also with Itrade I am unclear about the journaling process after buying. I do not see any drop down menu regarding transfer of securities. Guess only way to do it is to call?Gonna finally attempt this in Itrade. I notice DLR is down 0.19% today. Am I risking something here just to possibly save a few bucks? On $100,000 that would be a $1900 loss if it takes a couple days to settle before journaling...or am I misunderstanding this process?