If I do an IFT on Friday after 12am will it hit Monday morning or will it take another day and hit Tuesday morning. I want to transfter 100% from S to G but am wondering if I should just wait to see how Monday morning looks if It wouldt take affect until Tuesday anyway.
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IFT on Friday after 12pm EST question
- Thread starter divivinc
- Start date
PessOptimist
Market Veteran
- Reaction score
- 67
If you mean after noon EST on Friday then the answer is the IFT will take place at the close of business (COB) Monday. It will hit Tuesday morning.
An IFT made before noon EST Monday will have the same result, takes place COB Monday. An IFT made after noon EST on Monday takes place at the COB Tuesday.
Hope this helps. It can be confusing, especially on weekends.
FWIW, watching the morning performance of the Dow Jones U.S. Completion Total (symbol on Yahoo ^DWCPF) or any fund is not necessarily an indication of the closing price.
Also FWIW, when I try this approach someone usually demands I go do some work and I miss the deadline anyway.
Happy investing.
PO
An IFT made before noon EST Monday will have the same result, takes place COB Monday. An IFT made after noon EST on Monday takes place at the COB Tuesday.
Hope this helps. It can be confusing, especially on weekends.
FWIW, watching the morning performance of the Dow Jones U.S. Completion Total (symbol on Yahoo ^DWCPF) or any fund is not necessarily an indication of the closing price.
Also FWIW, when I try this approach someone usually demands I go do some work and I miss the deadline anyway.
Happy investing.
PO
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