Hi Ernie, good. I'm currently preparing all the paraphernalia I need to catch me a couple of dead cats. I plan to do this past 2012.
KY
KY
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Anyone game enough to call when the market will start to move upwards again - for real, not a 'dead cat type' bounce?
I may not live that long. But seriously, the Great Depression took five years to find a bottom, after half a dozen bear rallies so why would you believe that that was a bottom anyway? No-one rings a bell. It will be years (I think) before I am likely to recommend a friend to buy a "growth" mutual fund. Anything between now and then will need to be very carefully selected.
Trouble is, you can't sit on cash forever.
Which LICs BTW? My laptop has my chart program running.
http://www.hotcopper.com.au/Im in the market at the momen't buying blue chip for a 10 year hold....
Any recommendations ??
Craig
Sunfish, What do you mean by "sit on it"?
Don't buy blue chip for a year or two?
I thought it would be a good time to buy as these stocks are low?
Sunfish, What do you mean by "sit on it"?
Don't buy blue chip for a year or two?
I thought it would be a good time to buy as these stocks are low?
the Great Depression took five years to find a bottom
Our SMSF is sitting at about 42% cash at the moment - have made a few (hopefully well-selected) purchases in the past couple of months and would like to get the $$$ working a little harder. But what to buy???
Sorry, but that is myth for our market. By 1934, the Australian market was making new highs above the 1929 level. The American market took longer. I assume we are discussing the Australian market.
bye
All I really know is that if you buy what is going up in price (new monthly, quarterly, yearly highs, pick your own poison), you are on the side with the momentum,
The best stratergy today is to invest into the share market on a regular monthly basis.. and average your way in.
Trying to pick bottoms relies on luck more than anything else.