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Question(s) about Mutual Funds & Price Updates
I understand that mutual fund prices do not update during the day and updates are posted at the end of the day.
1) is there a specific time that everything updates and do they all update at the same time? I find myself checking my account but I'm not sure if they are updating separately or all at the same time. Seems like I start checking about 2pm Pacific and see nothing but later I will see a change but not sure when it happend. I'm just wondering if there is an "official" update time and I will wait until then - I have 13 funds.
2) What is the logic of mutual funds updating at the end of the day. I have several ETF's that are very similar to mutual funds and they update throughout the day?
None of these questions are critically important, I'm just educating myself.
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