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A benefit of the ETF is they trade like stocks which let you set the price you want to buy or sell at. In a mutual fund you have to buy and sell on the day you place the order and at the closing price.
So if I move some money to buy into a mutual fund at the end of the day after the market closes, do I buy in the next morning at previous day closing price or current day closing price?
open ended mutual funds only trade once a day .as long as you get your order in with an open ended mutual fund , while the market is open you get the closing price that day . etf's can be bought all day long until the close
Fidelity and Vanguard both have some good growth funds that you should look at even at a slight fee. I really don't mind paying for that active management when I'm getting at least at least 3% above index performance year after year. If you have low returns you are not really protecting your assets.
Yes, I have some FBGRX and also some Select Funds, but the major part of Stock Allocation is in the wider index funds......I'm just a little risk averse at this stage.....CD Ladder acts as a sort of shock absorber.
I know I am an outlier with this opinion, but why buy an Index Fund which is so broad that it includes guaranteed losers? The S&P 500 currently includes companies which have seen a 40% decrease in their stock prices this year.
I prefer other Mutual funds where the Managers are attempting to outperform rather than match the market, and where data is available which indicates their past success at achieving this feat.
Umm, maybe because past history has shown that none of these "outperformers" can outperform on a regular long-term basis? And the ones that do were not predictable, IOW, they weren't regularly beating the market before.
really , none can outperform ? you may want to look up funds like fidelity contra , fidelity blue chip growth , fidelity growth co , etc ,etc and i only follow fidelity funds.
in fact a morningstar study shows if you simply pick from the top 20% mega size funds odds are the reverse . 80% of them will beat their index .
the problem is not stock picking . managers have no problem stock picking , the issues are most funds are to small in size . the fixed expenses eat up any alpha they get .
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