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Time to buy

Discussion in 'Exchange Traded Funds (ETF)' started by FrugalPoodle, 29th May, 2010.

  1. FrugalPoodle

    FrugalPoodle Member

    Joined:
    25th May, 2010
    Posts:
    22
    Location:
    Adelaide,SA
    Hi, I've been reading up and decided STW seems a good option for me.

    I'm thinking it's a reasonable good time to put money in, (even though things have gone up slightly last few days) was thinking of $5k at first, then maybe a 10k a few days or a week later - I haven't bought shares online before, so i feel i need to dip my toe at first.

    I'm looking to put in some lump sums to get things sorted quickly, maybe another 10k. Just looking for any comments.
     
  2. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    Hi FrugalPoodle

    I bought in at 4500. It seemed like a bad idea when the market went down to 4200 a few days later. But now the AO's back to 4480. The moral of the story is, Market timing is a slippery snake. You don't know if you've made a good or bad decision until you are in the future looking back.




    Johny.
     
  3. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    Now is still a much better time to buy than three years ago, but obviously March last year was better than today...

    If beginning to buy in now is part of a long term strategy of just regularly tucking money then it doesn't matter greatly whether you buy today or next week, if you are looking to hold these assets for a litfetime.

    http://www.invested.com.au/2/investing-chris-c-style-37625/
     
  4. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    "... if you are looking to hold these assets for a litfetime".

    ...and then you die :rolleyes:
     
  5. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    OK I'll re-clarify - if are looking to save the surplus proceeds from your youthful working years for sale in your twilight years then over that time frame it doesn't greater matter.

    It matters even less if like me you plan to live to be like 350 years old.

    :)