🚀 go-pugleaf

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Not when you have a set amount of money automatically withdrawn from a bank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. 

Well, most mutual funds are sold by the share, but are happy to sell fractional
shares.  Therefore, I can send a fund exactly $100 and purchase X shares
where X is 100/price per share.

I suppose this doesn't belong in this newsgroup anymore, does it.

Just to make it relevant, I too have to use a spreadsheet to track my
mutual fund and hope that if Quicken ever does come out with its next
version for the Mac, ti handles this kind of transaction sensibly.

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