Entering Mutual Fund Trades

Before trading mutual funds, it's crucial to conduct research. The video recommends using finance.yahoo.com's Mutual Fund Screener. Users can sort by exchanges (NASDAQ and New York Stock Exchange), fund categories (industry sector, asset allocation, market cap size, etc.), and fund companies like Vanguard. Additionally, filters such as Morningstar performance ratings can be applied to narrow down options.

After applying filters on the Mutual Fund Screener, estimated results will appear. Users can click 'Find mutual funds' to get a list and conduct further research on the company's website for more details.

To trade a mutual fund in the stock market game, visit www.stockmarketgame.org and log in. Hover over 'Trade', click 'Enter a Trade', and then select 'Mutual Fund Trade'. You can search for the fund by symbol or company name.

As an example, the video demonstrates buying 10 shares of the Vanguard 500 Index Fund (symbol VFIAX). After selecting 'Buy', searching for 'Vanguard', and specifically locating 'VFIAX' through its description, the minimum order of 10 shares is entered.

After entering the number of shares, click 'Preview Trade', review the information, and re-enter your password to confirm. A trade order confirmation will appear. Mutual fund trades execute at the end of the business day. If entered during market hours, the trade will be in pending orders and execute at day's end. If entered outside market hours, it executes at the end of the next business day. Pending orders and transaction notes can be accessed through the 'Trade' menu.