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I purchased an index mutual fund, but I don't see it changing with the market like I do my 401K mutual funds.


Why is that? Do index funds only update once a day... perhaps when the market is already closed? Is this normal? All day today it was showing the previous trading day's values... till tonight. I presume tomorrow it will show tonight's value till the trading is done. Is this a correct assumption? What is the logic behind this... and why does this not apply to my 401K mutual funds?

Mutual funds normally only reprice once per day. Are your 401K funds exchange traded funds (ETFs)? Then you'd see the quotes on them as the day progressed...which would be the prices on the exchange, not the actual value (although the actual value probably doesn't vary very much from the share price). Outside of ETFs, though, I don't know of any mutual funds that reprice midday.

Even with yoru 401k mutual funds, they will only change everyday. Prices are as of close and don't matter during the day.

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