entering mutual fund trades
before we dive into trading mutual funds in your trading portfolio we want to stress the importance
of doing your research we covered a simple stock screener in the building your portfolio video
but did you know that you can do a mutual fund screener on yahoo finance too
visit finance.yahoo.com and hover over screeners and click mutual
fund screener here you can sort for mutual funds that you're interested in investing in
for example you can change the exchanges to the nasdaq and the new york stock exchange
because those are the two exchanges available in the stock market game you can sort by fun
categories so if you're interested in investing in a basket of stocks in a specific industry
sector asset allocation balance market cap size or other you can sort that here you can also sort by
company that creates the fund for example vanguard is one of the largest providers of mutual funds
you can select the morningstar performance rating you would like
and add other filters too
you can see the estimated results on the right and click find mutual funds to get your list
you can always do further research on the company's website too
now we'll demonstrate how to make a mutual fund trade in your stock market game trading portfolio
visit www.stockmarketgame.org and enter your student trading portfolio id and password
then hover over trade and click on enter a trade and select mutual fund trade
you can search for the mutual fund by symbol or by company name
for an example let's go ahead and buy 10 shares in the vanguard 500 index fund symbol vfiax
this fund is composed of 500 of the largest u.s. companies select buy and then type in
vanguard and click search by mutual fund description then search for viafx in the options
since there are so many vanguard funds an easier way might be to just type in
vfiax and click search for mutual fund
the minimum number of shares you can buy in the order is 10.
so let's enter 10 shares and click preview trade review the information and then re-enter your
password to confirm the trade you will then see a trade order confirmation message with
information on where to view the transaction in the pending orders page mutual fund trades always
execute at the end of the business day so if you enter a mutual fund trade during market hours
the trade will appear in pending orders and execute at the end of the business day
if you enter a mutual fund trade outside of market hours the trade will execute at the end
of the next business day you can always access the pending orders page by trade pending orders
and after the trade executes a record of the transaction appears in transaction notes
you can access the transaction notes page by hovering over trade and clicking transaction notes
question to consider if you were to enter a mutual fund trade on a sunday
when would the trade execute
thank you for watching