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re: High fees for Mutual funds

Posted on 2/28/11 at 4:55 pm to
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 2/28/11 at 4:55 pm to
quote:

the fund would likely receive that upon selling, if not closer to the ask.


Why do you say this?
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9313 posts
Posted on 2/28/11 at 5:05 pm to
From personal experience, I have never sold a security at the ask level if a $4 spread existed (which is huge), thinly traded or not. The author indicates the one and same buyer/seller gets skinned at the extreme on both transactions, don't see it happening in the normal course of business.
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