Jason Zweig
speaker
906 appearances
17 recordings
1 series
first heard Jan 2018
last heard Sep 2022
Jason Zweig’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Mutual Funds Offer New Investors Convenience, With a Cost · 28 Apr 2021
podcast
It could invest in really any other kind of asset that is traded someplace in the world.
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The historical justification for mutual funds is that in the 1920s, really, when they developed, they were a cheaper, more convenient way to
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to get diversified.
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It used to be very, very expensive in terms both of brokerage commissions and other costs for individual investors to put together a portfolio of many different stocks or bonds for that matter.
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And mutual funds did it quite cheaply and conveniently.
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Now, in today's world, other options like ETFs are often cheaper.
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And it depends what kind of mutual fund you're buying.
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If you're buying an index fund that simply tracks a market average, like, say, the S&P 500 or
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you can find index mutual funds that are very, very cheap.
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If you're buying so-called actively managed funds run by stock pickers who are trying to do better than the market, mutual funds can be a lot more expensive than a comparable ETF.
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And at that point, you've got to be a price shopper.
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You have to ask yourself whether
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the skill or outperformance you're hoping to get with this manager can possibly be worth the extra cost.
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The most important is that a mutual fund is priced only once a day after the end of the trading day, typically in New York.
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And that means that if you happen to buy or sell the mutual fund earlier in the day, it doesn't matter what time you put that trading order in, there's only one price on that day for that mutual fund, and that's the one that is set after the end of the trading day.
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An ETF, however, trades continuously throughout the market day,
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And if you buy on 1.23 p.m.
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on a given Tuesday, you'll get the 1.23 p.m.
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price, not the price after 4 p.m.
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when the market closes.
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Showing 401–420 of 906 · page 21 of 46
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