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Bad or good time to start in MF?

Discussion in 'Managed Funds & Index Funds' started by piN00b, 30th Nov, 2007.

  1. piN00b

    piN00b New Member

    Joined:
    13th Apr, 2007
    Posts:
    1
    Location:
    Sydney, NSW
    Hi,

    as my username suggests I'm n00b in investment world, only have PPOR at the moment :).

    Looking at the current shares market and global economy in general, do you think its a good time to start investing?

    I don't try to predict when market is down or anything, just in general there is quite a lot of talkking lately about recessions, credit crunch, shares market correction etc.

    I want to invest for a long term, 5-10 years to generate passive income so maybe one day we ( me & wife ) can quite day jobs.

    Anyway, what do you think? Is is worth waiting for said correction and keep saving money in bank account for a while or just buy now and hold?

    Thanks for any input.
     
    Last edited by a moderator: 30th Nov, 2007
  2. samaka

    samaka Well-Known Member

    Joined:
    30th Sep, 2007
    Posts:
    308
    Location:
    Sydney
    In my opinion - even if we get a correction next year - if your timeframe is 10 years it wouldn't be an issue. The key though is realising it's not about return on your lump sum - it's also the (hopefully) regular investments you make along the way.

    These obviously accelerate the growth of your investment but also average out the periods of bad returns.