Intraday mutual fund estimator
I am making the transition from mutual funds to ETFs (plus occasional individual equities). Try not to laugh at my MF holdings: I aim for <= 1% MER if I use them at all! My portfolio is only now big enough to start to worry about the MER.
Does anyone know if there is software to estimate intraday mutual fund values? It's nice to know roughly where one stands on a given day when selling or buying units.
I wrote one for myself in OpenOffice Calc for the ING Streetwise funds. These funds are easy to "hack". I just weight and combine various ETFs in this case. My program is amazingly accurate on backtesting and is generally +/- 1 cent from being accurate each day on closing.
If I publish, say, an Android app that does this and include plenty of disclaimers, will anyone buy it? Will I go to jail? Will the banks sue? My defense is that mutual fund holdings are public knowledge, and the intraday price can be estimated based on this. I suppose banks would argue that this promotes abuse of the funds, but this is a weak argument.
Thanks in advance for your thoughts. I am not offended if you reply "who cares".
Does anyone know if there is software to estimate intraday mutual fund values? It's nice to know roughly where one stands on a given day when selling or buying units.
I wrote one for myself in OpenOffice Calc for the ING Streetwise funds. These funds are easy to "hack". I just weight and combine various ETFs in this case. My program is amazingly accurate on backtesting and is generally +/- 1 cent from being accurate each day on closing.
If I publish, say, an Android app that does this and include plenty of disclaimers, will anyone buy it? Will I go to jail? Will the banks sue? My defense is that mutual fund holdings are public knowledge, and the intraday price can be estimated based on this. I suppose banks would argue that this promotes abuse of the funds, but this is a weak argument.
Thanks in advance for your thoughts. I am not offended if you reply "who cares".