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Why are Automatic Investment Plan trades made on Tuesdays?

April 26, 2017automatic Investment Plan trades tuesdays

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Why are Automatic Investment Plan trades made on Tuesdays?

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ShareBuilder uses a specific day each week for Automatic Investment Plan trades to help provide you with a consistent investing schedule. A schedule based on set days of the month (7th, 15th, etc.) would constantly require adjustments to the trading schedule when the date fell on a weekend. Tuesday was selected as it is rarely impacted by market holidays or other scheduled closures.