Unlike stocks, mutual funds do not trade in the middle of the day. The stock market is open 9-4 eastern time and you can only buy and sell mutual funds at the end of the day. Therefore, even if you place an order during the day, it will not be executed until the end of the day. Also, if you want to see the value of your mutual fund, you must wait until the end of the day.
Mutual funds consist of a variety of stocks and it would be too difficult to compute the value of all stocks in a given mutual fund at a specific time as stock prices can change every second.
No comments:
Post a Comment