"That's a different discussion than what you brought up. Changing the subject to try and make a point is what you do when you are wrong."
No. The claim was that ETFs have fees too but the pertinent fact is they are far less than managed funds. The fact you think you are making a valid point by asserting noting this is changing the topic is a frightening indictment of capacity to reason -- or perhaps just your honesty.
"If you don't understand this, you should stay out of the stock market."
In other words, you cannot answer the simple question why.
"No, it's not obvious."
Really, during a massive sell-off it is as likely to be beneficial as detrimental that you cannot sell your asset asap?
"You're the one that asked the question"
I don't see where I asked for some Forrest Gump/Sling Blade understanding of how to calculate the price (not the "value" by the way) of a share of a mutual fund.
[quote]No you don't wrote:
"value of everything else is what someone is willing to pay you for it".
"This is not true of the "value of the holdings" for mutual funds?"
How isn't it?
You are scary stupid. Truly.