I'm checking mutual funds and notice that the prices of the funds are different for the internet and newspaper, and they seem to be off by a day. Is this normal?
2007-06-24 05:45:12 · 3 answers · asked by buckskinbabydoll♥ 4 in Business & Finance ➔ Investing
Newspapers are usually the close price of the business day before. Internet lets you know real time what is happening. Many mutual fund companies however, will only let you buy in at the close price. It is good to ask what their rules are before purchasing/selling to avoid disappointment.
2007-06-24 06:39:39 · answer #1 · answered by Alletery 6 · 1⤊ 0⤋
Well, in the sense that the Internet is immediate information and that the newspaper must be created, printed and distributed, there are bound to be differences.
With mutual funds, unlike stocks, you typically can only trade in or out of them after the close of business. With an individual stock, you can trade it at any time of the day when the market is open (you can also trade after hours if you have that arrangement). The result is that fund prices are less time-sensitive than stock prices.
2007-06-24 12:50:16 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Funds post after the close of market so it might depend on the time of day that you look, they only have one price per day.
My broker's website updates them as they get them from about 2:30 to 3:00 Pacific time.
2007-06-24 12:52:11 · answer #3 · answered by shipwreck 7 · 1⤊ 0⤋