The timing of the purchase of monetary funds is also skilful. Grasping the timing of the purchase can help us make full use of the time value of every penny. So how to choose the time of purchasing money funds? Here is a brief explanation for you, hoping to help you.
1. Apply on weekdays and avoid holidays
Even if we submit the subscription on holidays, we will not close the deal. We will not close the deal until the first trading day after the holidays, so that we will waste several days of earnings on holidays.
2. Try to avoid the day before the holiday
For example, if the subscription is successful before 3 p.m. on Friday, the revenue will also be calculated from the next Monday, so we should avoid the subscription one day before the holiday, and we should make preparations two days before the holiday.
3. Every subscription shall be made before 15:00 p.m
Because once 15:00 p.m. has passed, the purchase will be completed on the next trading day.
We all know that the return of investment in monetary funds is relatively small, so we should grasp the return brought by every penny, and grasp the choice of the time of purchase of monetary funds to enable us to obtain higher returns.
