Golden Rules for Investment Blog

DoneWorking

Just read this blog post

https://www.nutmeg.com/nutmegonomics/when-markets-slump-return-to-the-golden-rules-of-investing/

Is now a good time to begin investing or would it be best to wait a while.

Time in the market is important and I realise people should not try to time the market

Thoughts 

Albermarle

Is now a good time to begin investing or would it be best to wait a while.

If anybody knew that they would be a multi billionaire.

and I realise people should not try to time the market
Correct

R_P_W

Surely you have answered your own question?!

Out of interest what would you be waiting for exactly?

masonic

In your other threads, you've outlined a plan to use a financial adviser. They would be best placed to advise you on this based on the investments they have chosen for you.

DoneWorking

masonic said:

In your other threads, you've outlined a plan to use a financial adviser. They would be best placed to advise you on this based on the investments they have chosen for you.

Things have changed since then and I'm not sure they or anyone else knows where we are headed right now

DoneWorking

R_P_W said:

Surely you have answered your own question?!

Out of interest what would you be waiting for exactly?

I don't really think too many returning investors would want to begin investing while markets are still nose diving.
And obviously it's difficuilt to know when they may bottom out

masonic

DoneWorking said:

masonic said:

In your other threads, you've outlined a plan to use a financial adviser. They would be best placed to advise you on this based on the investments they have chosen for you.

Things have changed since then and I'm not sure they or anyone else knows where we are headed right now

Then why ask us? It's not necessary to know where we are headed, in fact it isn't ever possible to know.

DoneWorking

masonic said:

DoneWorking said:

masonic said:

In your other threads, you've outlined a plan to use a financial adviser. They would be best placed to advise you on this based on the investments they have chosen for you.

Things have changed since then and I'm not sure they or anyone else knows where we are headed right now

Then why ask us? It's not necessary to know where we are headed, in fact it isn't ever possible to know.

Was there really any need for that remark

I'm looking for helpful comments

You know I'm new to all of this and like others in the same position I am hoping I can get useful advice which may correct any errors I have taken onboard

masonic

DoneWorking said:

masonic said:

DoneWorking said:

masonic said:

In your other threads, you've outlined a plan to use a financial adviser. They would be best placed to advise you on this based on the investments they have chosen for you.

Things have changed since then and I'm not sure they or anyone else knows where we are headed right now

Then why ask us? It's not necessary to know where we are headed, in fact it isn't ever possible to know.

Was there really any need for that remark

I'm looking for helpful comments

You know I'm new to all of this and like others in the same position I am hoping I can get useful advice which may correct any errors I have taken onboard

I think there is a need for it, and I am trying to be helpful. It was a serious question intended to make you think about the real purpose of starting this thread, while the second sentence is a mere statement of fact. If you look hard enough for reasons not to invest this money, then you'll always be able to find one. The longer you procrastinate, the harder it is going to be for you to take the plunge. I fear for you that it may never happen. If that's where things are headed, then you could save yourself a lot of ongoing anguish by simply taking the decision to split it between the best savings accounts and take inflation on the chin.

bostonerimus

One of the best Golden Rules is "time in the market beats timing the market". Don't use a single snapshot of the market to dictate your investing strategy that should have a timescale of decades. I've been regularly investing for over 30 years through several crashes and booms and I've come out at the end financially independent because with all the short term ups and downs the general trend of the markets over those 30 years has been upwards. If it had been generally downwards I would have lost money. So when investing today you need to know what will happen over the long term...and frankly that takes faith.

DoneWorking

bostonerimus said:

One of the best Golden Rules is "time in the market beats timing the market". Don't use a single snapshot of the market to dictate your investing strategy that should have a timescale of decades. I've been regularly investing for over 30 years through several crashes and booms and I've come out at the end financially independent because with all the short term ups and downs the general trend of the markets over those 30 years has been upwards. If it had been generally downwards I would have lost money. So when investing today you need to know what will happen over the long term...and frankly that takes faith.

As a novice potential investor who has not yet found an IFA at a cost I like and an investment strategy that will reward me sufficiently for the risks taken on I was merely asking people's thoughts on when to enter today's nose diving market

Straight away

After a fall to a certain level

After what looks like the bottom

After what looks like a climb back

Never