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Time ok or stupid?
ANGLICANPAT
Posts: 1,455 Forumite
£5k has just become available to be added from a relative, into my grandkids Scottish Mortgage trust (which was a fair bit down from 6mths ago in last statement). Am I right in thinking it might just as well be posted immediately as wait for a while to see what happens after tomorrow - since nobody has a crystal ball, and any effect may not be immediate anyway?
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ANGLICANPAT wrote: ȣ5k has just become available to be added from a relative, into my grandkids Scottish Mortgage trust (which was a fair bit down from 6mths ago in last statement). Am I right in thinking it might just as well be posted immediately as wait for a while to see what happens after tomorrow - since nobody has a crystal ball, and any effect may not be immediate anyway?
Not really sure what you're asking, but yes you're right - no-one has a crystal ball and markets could go up or down. So technically there is never a good or bad time to invest, other than the old saying 'focus on time in the market, not timing the market'."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Is all the money you are saving for your grandchildren in SMT? SMT (and Baillie Gifford generally) have done well in the last couple of years as tech-heavy growth companies have been in favour. Planning for that to continue would be a high risk strategy.0
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It is yes . Think its five or 6yrs since since I opened it for them ( age 10 now) by the sound of it maybe I should also be re assessing if its still suitable Thanks.0
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