Portfolio Help

Recurring Buy/Sell Frequencies

Globe Portfolio allows you to set up a recurring transaction with any of the following frequencies.

For Weekly transactions, Globe Portfolio will execute the transaction every 7 days. If it hits a statutory holiday (markets are closed), it executes the transaction on the next business day. The following transaction will be 7 days after the holiday.

For Bi-weekly transactions, Globe Portfolio will execute the transaction every 14 days. If it hits a statutory holiday (markets are closed), it executes the transaction on the next business day. The following transaction will be 14 days after the holiday.

For Semi-monthly transactions, Globe Portfolio will execute the transaction on the same two days each month (e.g., May 1 and 15, June 1 and 15). If either of those two days is a statutory holiday (markets are closed) or weekend, Globe Portfolio executes the transaction on the next business day.

For Monthly transactions, Globe Portfolio will execute the transaction on the same day each month (e.g., May 11, June 11, July 11). If that day is a statutory holiday (markets are closed) or weekend, globefund executes the transaction on the next business day.

For Bi-monthly transactions, Globe Portfolio will execute the transaction on the same day of every second month (e.g., January 15, March 15, May 15, July 15). If that day is a statutory holiday (markets are closed) or weekend, Globe Portfolio executes the transaction on the next business day.

For Quarterly transactions, Globe Portfolio will execute the transaction on the same day of every third month (e.g., January 15, April 15, July 15). If that day is a statutory holiday (markets are closed) or weekend, Globe Portfolio executes the transaction on the next business day.

When Semi-monthly, Monthly, Bi-monthly, or Quarterly transactions have a start date that is either the 29th, 30th or 31st of the month, and Globe Portfolio hits a month that does not have that many days, the transaction is usually executed on the 1st business day of the following month (see below for exception). Even when the short month of February comes around, all semi-monthly, monthly, bimonthly, or quarterly transactions with a start date that is the 29th, 30th or 31st of the month will be executed on the first business day of March.

If you choose the frequency 'End of month', Globe Portfolio executes the transaction on the last business day of the month whenever that is. If the last business day falls on a holiday, the transaction is executed on the first business day of the next month. However, Globe Portfolio uses the closing price of the day prior to the holiday when executing the transaction.