Hi
I have a wierd observation and it has happened several times. I don’t have any facts to support this but I have realized this numerous times. During most of the month end’s ( 25th to 31st) market mostly rises and since we mostly(assuming) have SIP’s around 1st-to-5th of every month get less units as markets are on upside.
This month(Jun-12) also it happened that market rose by 450points and today is 29th-Jun. I also know that it’s purely coincidental and picture is much broader than my narrow observation. I read why markets jumped today and read factors behind it (global sentiment, Finance minister’s annocement, jump in stock rating by Morgan stanley etc)
I just wanted to vent my frustration nothing else 🙂 ? But has anybody had similar observation?
I know there are no perfect dates for SIP’s but is it going to be any better if dates are spread out during month?