Currently funds are auto-invested at 8:00 am. For European markets, this essentially means the funds will be invested when the market opens.
However when markets open, the spreads are high and it’s not a good time to buy. I normally wait some hours to buy.
It would be really helpful to set a purchase time for each pie at which funds are auto-invested.
Hey.
That’s an interesting suggestion, @HuskyDogg, and I’ve passed it on for consideration. I will let you know if we have any news regarding such a feature.
It’s a good point @HuskyDogg reminds me back to something I read not so long ago:
If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571 percent.
On the other hand, if you had done the reverse, buying the E.T.F. at the first second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down 4.4 percent since 1993.
Buying at market open isnt always the best time to buy.