I know next to nothing about the share market, and was perhaps interested in dipping a little toe in. Probably look at a managed fund I guess. IS now a good a time as any?
I'll let you know in 12 months Depending on how much of your overall wealth you are putting in, you could look to "Dollar cost average" i.e. put say 1/4 of your investment into the market every 2-3 months to protect against short term volatility
^ Will you consider an equal weight for anz? Their performance is pretty astonishing too and more affordable atm.
I spent around 6 months last year learning about stock investing. I watched videos and read books. At the end of the day I took the advice that Warren Buffett gives to people that aren't prepared to invest their entire day reading annual reports. Find a low fee index fund and invest a regular amount into it each month. Index funds are made of a sample of the entire stockmarket, so your yearly returns will equal the entire market. It's a long term strategy which will give you a return of between 8-10%. That's better than most fund managers (who kill you with fees). I found one index fund in Australia that you can invest directly with - Vanguard. Search 'Warren Buffett index fund' and 'passive investing' on youtube. Cheers!
No, now is not as good a time as any, but it is better than the first half of 2008 was. If you are not sure of the share market, then a managed fund would probably be best - effectively paying someone who should know, to invest for you. Don't listen to the cynics here! These are people who have advocated buying silver at any price over the last 2 years while it dropped by 35%. Meanwhile, the ASX has increased by 25% over the same period. The opportunity cost (loss)? 60% plus dividends. Lets say total of around 70%.
Thanks for the replies. Index funds sound like they could be for me. Perhaps half of what I wanted to invest in that, and half in something like the colonial balanced managed fund?
Nonsense. Silver is special. Divine teardrops from the angels during the moment of the Earth's creation. It has intrinsic value...have FAITH! Never ever doubt! My uncle had an erectile dysfunction, but once he rubbed a 1 ounce kook on it, every woman in a 1000m radius got pregnant. Every other investment is a sham and you'll be robbed because of third parties or naked shorts or ponzi something...
Maybe you can get some stock tips here: http://forums.silverstackers.com/topic-50679-silver-stackers-super-trader-i.html
I used to be in a Colonial fund. They charged me a fortune in fees. I got out. Colonial may also offer an index fund, but charge you twice as much in fees for what Vanguard will. That compounds over time remember. You can put all your 'stock' money into a index fund and get 8-10% return over your lifetime - that's a good result. Spend the rest of your hard earned dollars on real estate, PMs, or whatever your heart desires. The main reason I went with Vanguard is LOW FEES. You'll get a similar long term return (or lower) in almost every other managed fund, but you will putting many, many thousands of dollars into the fund managers' pockets. IMHO If you wanna play the market a bit put some money aside and go for it, but keep the bulk in an index fund. Good luck and PM if you have any questions
The right time??No one knows...There was no SS in 2000 when the price of silver was $5oz, nor in 2006 when silver was around $9oz. Too late ,too late was the call. Maybe the share market in Australia is still trying to recover from where it was pre GFC...Australian market still way behind but the USA HAS RECOVERED to be at an all time high. IMO therefore I would be happier buying Australian shares than US . How can anyone understand bank balance sheets these days when they speculate in casino betting on DERIVATIVES. At this very moment I think that the US sharemarket will collapse again soon. The only reason it has risen again to new heights is because of QE..$65 to $85 billion been pumped in each month to keep it rising.. For those who bought silver in the $30 to $45 range, you may have to wait a few more years to break even and to get a price move from $5 to $10 oz like it did between 2000 and 2006, ie double to $60/70oz may take some time or until the next financial collapse. Maybe part time instead of the right time may be the right move. Some silver, some gold, some shares, some cash, some yuan,some luck. : ) That is the way I would travel, but who am I to give advice when I missed the boat once at the turn of the century and also when the GSR dropped to below 40 to 1 after the GFC. Regards Errol 43
There are still many people sitting on CBA, after buying them at $5.40. THANK YOU komrade paul! "nobody ever went broke taking a profit", and $70 a share sound good to me! OC
I recently just chanded my investment from 50% invested in shares to just 25%, more into fixes assets instead.
So Vanguard seems to be pretty trusted and a good choice then? I will admit I have never heard of them, though that isn't saying much. edit: never mind, google is my friend!
