JPM Natural resources & Merriyll Lynch Gold & General

hyposmurf

Thanks for mentioning those two other funds.I'm looking to invest for at least 5 years possibly up to 10years so that many of the fluctuations will be ironed out.It would be beneficial to time it right and buy while stocks are lower.I wonder if today is mainly due to the paranoia surrounding the Black Monday anniversary.
Do I hold off and wait to see what happens to the market,will the markets rise or fall, or do I get in while stocks are in a lul?I wish I had got in while the last dip during Aug-Sep occured.I just need a crystal ball. :-)

wombat42_2

hyposmurf wrote: »

Thanks for mentioning those two other funds.I'm looking to invest for at least 5 years possibly up to 10years so that many of the fluctuations will be ironed out.It would be beneficial to time it right and buy while stocks are lower.I wonder if today is mainly due to the paranoia surrounding the Black Monday anniversary.
Do I hold off and wait to see what happens to the market,will the markets rise or fall, or do I get in while stocks are in a lul?I wish I had got in while the last dip during Aug-Sep occured.I just need a crystal ball. :-)

Minor dips of a few percent are of little significance if you take a long term view, If you stay paranoid about market crashes you wiull never get anywhere although some people like to do regular fund contributions to get round the timing issue. If you buy now at least you get a better price than last week.

Just to add that you should be sure you have a good cash buffer so that if you fall on hard times you can leave your equity investments alone.

hyposmurf

Yes I am also seeing it from that end of the spectrum to.Get in now as on the whole the unit cost will be higher as time goes on.Maybe I could just go the regular payments way.Am I right in thinking you can adjust your payment amount each month to suit market conditions?Theres a minimum amount but maybe this a better option to control whats my input.Also can you freeze or later on stop regular payments all together?

wombat42_2

hyposmurf wrote: »

Yes I am also seeing it from that end of the spectrum to.Get in now as on the whole the unit cost will be higher as time goes on.Maybe I could just go the regular payments way.Am I right in thinking you can adjust your payment amount each month to suit market conditions?Theres a minimum amount but maybe this a better option to control whats my input.Also can you freeze or later on stop regular payments all together?

Maybe you could do a bit of both. Put some in as a lump sum but also do regular contirbution (i think they allow as little as £50 per month). The advantage of regular contributions is that you get more units whenever the market dips so there is a sort of automatic mechanism built into regular contributions. You can stop whenever you like.

hyposmurf

Surely I have to reach a minimum amount?I couldnt make two £50 payments(not that I wouldnt be worth my time).If I get more units when it dips I also loose some units when it rises.How easy is it usually to alter your monthly payment amount?How many days does it take?

wombat42_2

hyposmurf wrote: »

Surely I have to reach a minimum amount?I couldnt make two £50 payments(not that I wouldnt be worth my time).If I get more units when it dips I also loose some units when it rises.How easy is it usually to alter your monthly payment amount?How many days does it take?

Ask your questions tp Hargeaves and Lansdowne on 0845 345 0800
https://www.h-l.co.uk

I am not sure now much leeway you would be allowed to adjust monthly repayments, but i think trying to adjust payments to try to time the market is probably more trouble than its worth and potentially counterroductive, for example the market could temporally plummet but then immediately surge twice as high as it plummeted and you would miss out on the surge.

purch

doesnt merril lynch gold & general look extremely overvalued at the moment to you?

On what basis ??

A fund is only overvalued if the sum of it's parts are overvalued.

Are the stocks that this fund invests in overvalued ?


On a totally seperate matter, personally speaking I think Gold is still undervalued.

cheerfulcat

wombat42 wrote: »

Ask your questions tp Hargeaves and Lansdowne on 0845 345 0800
https://www.h-l.co.uk

Or better, 0117 9809800.

MrMicawber_2

I like M&G Global Basics - slightly less racy than Neptune & Artemis Global funds (both of which are excellent though) but a great performer - look at the fund performance on Citywire if you haven't already. I would also prefer JPM Natural Resource to Merrill Lynch Gold & General just becuase of the greater spread in JPM NR. Probably need to rely less on market timing with JPM NR as well. Also like the idea of drip feeding money in at the moment.

egamar

Just in case the OP's initial question got overlooked:

Check out the charts for the two funds you mention - they are both quite volatile and they are at 5 year highs (at least).

I have money in both (in fact I've been overweight in both since 02/03) and they perform well in times of turmoil.

As now is a 'time of turmoil' I wouldn't be buying. I'd be holding or selling depending on a host of other factors.