I recently had a conversation with a client who invests her monthly contribution on the 12th of each month. She noticed that by the 15th the market had dropped in 6 of the last 8th months. While this is not a large enough sample set to gain any statistically significant data, it did get me wondering…What is the best day to invest?
Based on this blog post from MustardSeedMoney’s research, the answer is Monday and the 23rd of each month. While I don’t believe in market timing, it would be fun to see what happens! Should we double down if the 23rd falls on a Monday?