Well I'll have a chat to my financial advisor....with the knowledge that no-one truly has a clue and discuss from there. I think I will cautiously enter the market.
Im sure many on here have lost quite a bit and thats very unfortunate. For myself its a calculated risk....purchasing at 3500 is FAR better than purchasing at 6800. My initial idea is to invest say 20% of my funds at 3500 and re-asess every 2 months on further investment thereafter.
I dont intend to pick a small handfull of companies( as to be honest i wouldnt know what to purchase....and id feel more comfortable not putting too many eggs in a handful of baskets) or trade ( as im not arrogant ir silly enough), Im intending to purchase via a managed fund or LIC.- and hold.
I will be a passive investor, with a long term view, pumping as much cash in as possible along the way.
I dont have the knowledge many on here have, but it seems almost that the more you know the more you dont. Sometimes people are too clever for theyre own good and ignore the fundamentals of what makes good sense long term......( though advice will be professionally sought taxwise and the best methods etc)
My investment philosophy is KISS....keep it simple stupid.......stick to basic fundamentals.....invest with a long term view......diversify over the entire ASX.....and finally allow a buffer in case things go really wrong.....oh lastly dont panic and smile if they do....because hopefully ive been smart enough to leave a healthy buffer and not succumbed to being too greedy
Im sure many on here have lost quite a bit and thats very unfortunate. For myself its a calculated risk....purchasing at 3500 is FAR better than purchasing at 6800. My initial idea is to invest say 20% of my funds at 3500 and re-asess every 2 months on further investment thereafter.
I dont intend to pick a small handfull of companies( as to be honest i wouldnt know what to purchase....and id feel more comfortable not putting too many eggs in a handful of baskets) or trade ( as im not arrogant ir silly enough), Im intending to purchase via a managed fund or LIC.- and hold.
I will be a passive investor, with a long term view, pumping as much cash in as possible along the way.
I dont have the knowledge many on here have, but it seems almost that the more you know the more you dont. Sometimes people are too clever for theyre own good and ignore the fundamentals of what makes good sense long term......( though advice will be professionally sought taxwise and the best methods etc)
My investment philosophy is KISS....keep it simple stupid.......stick to basic fundamentals.....invest with a long term view......diversify over the entire ASX.....and finally allow a buffer in case things go really wrong.....oh lastly dont panic and smile if they do....because hopefully ive been smart enough to leave a healthy buffer and not succumbed to being too greedy