I, like many, get paid on a Friday. I typically like to take a portion of my paycheck and buy stocks. I'm not sure if it's just a coincidence or what not, but I often notice the major indices going up quite a bit on the day I receive my direct deposit, which is kind of annoying because it means I get less stock for my buck so to speak.
I generally don't make much of it (as "it just happens") and I don't try and time the market, but is there any statistical basis of this, or is this just a case of remembering the times it goes up more than the times it goes down or remains stagnant? Obviously, if this is a well-documented trend then I'd rather just hold on buying in and wait for a different day.
[link] [comments] https://www.reddit.com/r/stocks/comments/14ncaen/does_the_stock_market_typically_do_better_on/
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