🚀 go-pugleaf

In article 93Jan21120904@tatjana.rice.edu, pete@tatjana.rice.edu (Louis Wu) writes:
>In article <1jmdsqINN4qr@armory.centerline.com> chapman@centerline.com (Scott Chapman, (Scott Chapman x233)) writes:
>
>   >When buying mutual funds, it asks me the # of shares and price/share. I buy
>   >mutual funds by dollar amount not units of shares. So I have to use a
>   >calculator to figure out # of shares based on the dollar amount and price
>   >per share.
>   You are mistaken here, most (if not all) mutual funds *are* sold by shares.
>
>Not when you have a set amount of money automatically withdrawn from a bank
>account by a mutual fund each week. 
>
Sorry if this is no longer relevent to MYM. What kind of information you are
sent about your contributions is determined by whom you make contribution to.
For example, I have money electronically withdrawl from my bank account into
a mutual fund, and I get wonderful reports from my mutual fund telling me
how many shares I was able to get (and at what price).

What mutual fund are you talking about? I do think that all (atleast as far as
I know) mutual funds are purchased and sold by the share.


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                    Scott Chapman | chapman@centerline.com
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