PILOT CLUB OF TITUSVILLE is a member of Pilot International, a global organization celebrating ninety-one exciting years of history-making service programs and projects. Chartered May 25, 1957 by the Pilot Club of Jacksonville, Florida.
Mutual funds can be bought and sold daily. However, unlike equities and other types of securities that trade on the secondary market throughout each trading day, share transactions in a fund are carried out once each day after the close of market at 4 p.m. Eastern Time.
By Kaye A. Thomas. General rules for determining the amount and type of gain or loss to report when you sell mutual fund shares. When you withdraw money from a mutual fund account, you're actually selling shares of stock in the mutual fund. As a general rule, that sale results in capital gain or loss.