Selling VTSAX after close. Today's price or tomorrow's?

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fortfun
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Selling VTSAX after close. Today's price or tomorrow's?

Post by fortfun »

If I sell now, 3pm (mtn) do I get today's close or tomorrow's?
Thanks,
Ff
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Stinky
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by Stinky »

Tomorrow's.

Hope the market goes up for you tomorrow.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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fortfun
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by fortfun »

Stinky wrote: Thu May 06, 2021 3:57 pm Tomorrow's.

Hope the market goes up for you tomorrow.
Thanks Stinky!
sycamore
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by sycamore »

fortfun wrote: Thu May 06, 2021 9:31 pm
Stinky wrote: Thu May 06, 2021 3:57 pm Tomorrow's.

Hope the market goes up for you tomorrow.
Thanks Stinky!
Really you want the market to go down so you get a lower purchase price. Then the market can go up after that :)
Triple digit golfer
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by Triple digit golfer »

sycamore wrote: Fri May 07, 2021 6:47 am
fortfun wrote: Thu May 06, 2021 9:31 pm
Stinky wrote: Thu May 06, 2021 3:57 pm Tomorrow's.

Hope the market goes up for you tomorrow.
Thanks Stinky!
Really you want the market to go down so you get a lower purchase price. Then the market can go up after that :)
Fortfun is selling, not purchasing.
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RickBoglehead
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by RickBoglehead »

fortfun wrote: Thu May 06, 2021 3:56 pm If I sell now, 3pm (mtn) do I get today's close or tomorrow's?
Thanks,
Ff
Mutual funds are always sold, or bought, at the market's closing price. Since you're putting the transaction in AFTER the market closed, you get the next day's closing price. If you put the transaction in at 3PM MTN on Friday, you'd get Monday's closing price. If Monday was a holiday, you'd get Tuesday's closing price.
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sycamore
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by sycamore »

Triple digit golfer wrote: Fri May 07, 2021 7:07 am
sycamore wrote: Fri May 07, 2021 6:47 am
fortfun wrote: Thu May 06, 2021 9:31 pm
Stinky wrote: Thu May 06, 2021 3:57 pm Tomorrow's.

Hope the market goes up for you tomorrow.
Thanks Stinky!
Really you want the market to go down so you get a lower purchase price. Then the market can go up after that :)
Fortfun is selling, not purchasing.
Oops, I missed that. "Never mind." :)
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Stinky
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by Stinky »

sycamore wrote: Fri May 07, 2021 7:15 am
Triple digit golfer wrote: Fri May 07, 2021 7:07 am
sycamore wrote: Fri May 07, 2021 6:47 am
fortfun wrote: Thu May 06, 2021 9:31 pm
Stinky wrote: Thu May 06, 2021 3:57 pm Tomorrow's.

Hope the market goes up for you tomorrow.
Thanks Stinky!
Really you want the market to go down so you get a lower purchase price. Then the market can go up after that :)
Fortfun is selling, not purchasing.
Oops, I missed that. "Never mind." :)
Stocks only go up. Fortfun will be fine. :D
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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fortfun
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by fortfun »

Stinky wrote: Fri May 07, 2021 7:22 am
sycamore wrote: Fri May 07, 2021 7:15 am
Triple digit golfer wrote: Fri May 07, 2021 7:07 am
sycamore wrote: Fri May 07, 2021 6:47 am
fortfun wrote: Thu May 06, 2021 9:31 pm

Thanks Stinky!
Really you want the market to go down so you get a lower purchase price. Then the market can go up after that :)
Fortfun is selling, not purchasing.
Oops, I missed that. "Never mind." :)
Stocks only go up. Fortfun will be fine. :D
Thanks Stinky! Looks like today is turning out to be a good day to sell. Using this money to pay off the mortgage, to improve cash flow in retirement, and instead of buying bonds at the moment.
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fortfun
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Re: Selling VTSAX after close. Today's price or tomorrow's?

Post by fortfun »

RickBoglehead wrote: Fri May 07, 2021 7:15 am
fortfun wrote: Thu May 06, 2021 3:56 pm If I sell now, 3pm (mtn) do I get today's close or tomorrow's?
Thanks,
Ff
Mutual funds are always sold, or bought, at the market's closing price. Since you're putting the transaction in AFTER the market closed, you get the next day's closing price. If you put the transaction in at 3PM MTN on Friday, you'd get Monday's closing price. If Monday was a holiday, you'd get Tuesday's closing price.
Thanks Rick! I knew that with buying but I've never sold before :)
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