Why don't funds sell on Thursday and buy on Friday?
Don't sell on Thursday: because the trading day of the stock market is Monday to Friday, which means there is a trading day on Friday after Thursday. If investors choose to sell on Thursday, the price sold on Thursday is subject to the closing settlement price of the day, while the probability of change on Friday is greater, and they generally do not choose to sell on Thursday.
Don't buy on Friday: Friday is the last trading day of the stock market week, and it is the weekend after Friday. The news over the weekend will directly lead to the rise or fall of the stock price, so it is uncertain. Suppose there is bad news on the weekend, and the fund is bound to plummet on Monday, then the investors who bought it on Friday will lose money. It is worth noting that those entrusted before three o'clock on Friday will be purchased at Friday price.
Generally speaking, there is some truth in saying that you don't sell on Thursday and don't buy on Friday, but there are also investment misunderstandings, so you can't believe them all. Instead of spending time choosing a day of the week to buy and sell funds, it is better to spend more energy on screening high-quality funds. Fund investment is a long-term process, and long-term persistence will bring good returns. If investors are not good at timing, they can choose investment funds. In the long run, the fund can share the cost and reduce the risk, which is an effective way to improve the income.
Finally, remind investors that the fund is risky and investment needs to be cautious.