Exchange question exchanged 10k from one fund to another but in the mean time the market dropped causing my account to

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rec7
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Joined: Tue Oct 28, 2008 7:22 pm

Exchange question exchanged 10k from one fund to another but in the mean time the market dropped causing my account to

Post by rec7 » Thu Feb 08, 2018 11:19 pm

Exchange question exchanged 10k from one fund to another but after I made the trade the market dropped causing my account to be worth 9k what happens to that exchange? These are both Vanguard funds. Will the exchange still take place?
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Dale_G
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Re: Exchange question exchanged 10k from one fund to another but in the mean time the market dropped causing my account

Post by Dale_G » Fri Feb 09, 2018 12:31 am

If you exchanged "all shares" the exchange will surely go through. If you exchanged $10,000 based on yesterday's 10,000 value of the fund and your shares in the fund are worth only $9.000 now, then I expect the exchange will fail.

Tomorrow is another day.
Volatility is my friend

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