Hi, Is it best to buy a mutual fund on the last day of the month or the first day of the month? Thanks.......bildi
Is it best to buy a mutual fund on the last day of the month or the first day of the month?Depends on the month. October 1987 was a bad month. You'd have been better off waiting for the end of that month. Over the long term your money will benefit from compounding, so the sooner you invest, the better.
I am dollar cost averaging from a money market to different equity funds over the next 10-12 months. Thought I read somewhere that one of the days (first or last day of the month) was better than the other for buying equity funds. Does anyone know, overall, which day is best?.......bildi
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