Increase drip feed?

Amarone

I've been drip feeding my Vanguard Lifestrategy 80 over the past year £250 a month but was considering increasing this to £500 due to increased income. This was before the dip but I'm thinking this might still be a good idea as last month it purchased at 142 and then down to 137 and further.
I will get more for my money and I'm holding this for at least 12 years so in for the long term.

Is my thinking correct?

badger09

Amarone wrote: »

I've been drip feeding my Vanguard Lifestrategy 80 over the past year £250 a month but was considering increasing this to £500 due to increased income. This was before the dip but I'm thinking this might still be a good idea as last month it purchased at 142 and then down to 137 and further.
I will get more for my money and I'm holding this for at least 12 years so in for the long term.

Is my thinking correct?

It is indeed.

Yesterday's valuation for acc units was £132.8487, so your £500 will buy more.

Obviously, it may go up or down, or more likely both :cool:

george4064

Concentrate on time in the market rather than trying timing the market, just increase your monthly contributions as soon as you can afford to.

chockydavid1983

I'm thinking of doing the same thing.
It's very tempting to try to time the market a bit.