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[…] Secondary market VCTs for income – 7 Circles […]
by Mike Rawson · Published · Updated
by Mike Rawson · Published February 17, 2023
by Mike Rawson · Published March 22, 2015 · Last modified October 20, 2016
by Mike Rawson · Published December 14, 2018
[…] Secondary market VCTs for income – 7 Circles […]
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When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.
Great article, thanks Mike. interesting insights. did you ever do the proposed followup article? which brokers are best for secondary market trades for VCTs?
Hi James,
Not yet, but stay tuned – it’s on the to do list for January.
Mike
Great – thanks Mike. In the meantime, any names re brokers? I have seen Singer, Matrix and Winterflood recommended, but their websites look very corporate.
In the secondary market, you don’t need to use specialists. When I was last buying and selling VCTs, I used my regular brokers which at the time were SelfTrade (when they were owned by SG) and Hargreaves Lansdown.
Next time I plan to look at the cheapest brokers (iWeb and DeGiro) plus people I have existing accounts with (like HL and YouInvest).
Let me know if there’s anyone in particular you’d like to know about and I’ll add them to the list.