Has anyone done research to find out if there is an optimal day to make automatic purchases of mutual funds? Is the 2nd of the month better than the 18th? Is the 5th of the month better than the 25th?
I make monthly automatic purchases of mutual funds and I am just looking for the best day to choose. Does it make any real difference over 20 years or so?
2007-03-15 02:50:23 · 3 answers · asked by tmpafford 3 in Business & Finance ➔ Investing
The bottom line: If you have a choice in your monthly investing, schedule it for the close of the third-to-last trading day of each month. Similarly, if you have a lump sum to invest, this may well be the most propitious day to pull the trigger.
2007-03-15 04:24:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Statistics show the earlier you invest your money, the more it will grow. So, if you are putting money in once per month, go with the 1st of the month.
The actual results have a minimal difference between the 1st, 15th, or 30th... but the 1st gives you the best return over 20 years.
2007-03-15 03:07:12 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
I watch these things and friday seems to be the consistant low day, probably because of indecision of what will happen during the weekend when stocks don't trade.
Just set of your buying for the close of any given friday.
2007-03-15 04:48:24 · answer #3 · answered by bob shark 7 · 0⤊ 0⤋