This is a special post for all my followers in wishing them a Happy Thanksgiving. I hope everyone is spending it with their family and will be enjoying the oven roasted turkey that has been prepared for this evening, and if you don’t eat turkey, I’m sure you will love your meal just as much. Nothing beats having a big dinner at home with your family. I know I’m looking forward to tonight’s dinner, although I must admit I’ll probably over eat as I do every year! Guess I’ll have to hit the track sooner and for a longer period of time, but it will soooo be worth it!
Anyhow, let’s get back to the task at hand, investing! As you may know, along with schools being closed, the government and many other institutions are closed as well. However, just because the government is closed on holidays does not suggest the market is always closed. Thus I have provided a list of holidays in which the market is closed, while outlining the holidays the market is open even though banks and the government may be closed. Unfortunately for me, if the market is open, my company is open for business, and thus I am required to go in. Although this is a bit of a drag, there is one holiday in which the market is closed but the government and banks are open. Can you guess which holiday? Check below to find out, and see if you can spot the missing holiday(s). The following are market holidays:
• New Year’s Day • Martin Luther King, Jr. Day • Presidents Day
• Good Friday • Memorial Day • Independence Day
• Labor Day • Thanksgiving Day • Christmas Day
The stock market has 3 trading sessions, a pre-market, normal market, and after-market. The Pre-Market hours are from 7am to 9:29am, Market from 9:30am to 4pm, and After-Market from 4:01pm to 8pm. Pre-Market & After-Market hours don’t see too much trading, thus not all stocks trade during these hours, only the major heavy volume stocks. In addition to the above closures, the market closes early (at 1:00 PM ET) on the day before Independence Day and Christmas Day, as well as the day after Thanksgiving Day. There are a few special rules that apply to stock market holidays. When any of the above listed holidays falls on a Saturday, the market will be closed on the previous day (Friday) unless that Friday is the end of a monthly or yearly accounting period. If the holiday falls on a Sunday, the market will be closed the next day (Monday). The federal holidays the market is open on are Columbus Day & Veterans Day, and the market holiday the government is open on is Good Friday.
In my next post I will continue the topic of IRA’S and explain how SIMPLE’s work and how similar and yet different they are from SEP’s.
No comments:
Post a Comment