Read more: http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=622#ixzz4CXvrBzAP
Kinda Sketchy wrote:
Need Help again wrote:
[quote]Need Help again wrote:
Maybe some of you guys actually know something.
I hold a mutual fund with C Schwab that has a market value of @ $101k per the website.
Yet if I set up a sale of this fund, it estimated I will get @ $95k.
Isn't the market value of an asset supposed to be the price you would get for it on the market?
why do you think you'll get only 95k?
normally you multiply your share count and the daily price of the fund. The result is what you get back. There are some classes of mutual funds that charge a fee when you sell...maybe that's what you have.
Nope. This is an ETF with no sales charges. I think I will get @ $95k because when I lined up the trade that's what I was told.
Does anyone actually know anything about this stuff?
yes, I know a lot about it. It's what I do.
Given this is what you do it is scary you cannot answer the question
The Voice of Reason wrote:
The market goes up. The market goes down. Repeat.
Igy detector wrote:
Hey, Igy, are you butt hurt because the markets didn't overreact to the Brexit?