Investing - Where to start?

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  • LL_USS
    LL_USS Posts: 272 Forumite
    100 Posts First Anniversary Photogenic Name Dropper
    @masonic I think so too. But the ups and downs unpredicted too much at the moment makes me worried. I think I said somewhere in the last couple of days that missing out is more bearable than too unpredictable. I am habituating a bit with more the situation first before I get in.
  • masonic
    masonic Posts: 26,474 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 12 April at 10:32PM
    Even though the daily movements seem large, they will be insignificant in the context of the 10 or 20 year performance. Yes it is nice to invest on a day where the next day is positive, but what happens on Monday, or any other day next week is going to make very little difference to your long-term outcome.
  • InvesterJones
    InvesterJones Posts: 1,111 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 13 April at 9:09AM
    LL_USS said:
    @InvesterJones indeed. I am still planning to buy global equity from my Dodl LISAs (first time buyer of S&S :-).  Just waiting a bit longer till my nerve can take the recent fluctuations of the market.

    Dodl is great in that there's no cost for transactions in the kind of funds you are talking about (eg HSBC FTSE All-World index fund - 'on top of the world') so you can drip feed a regular amount rather than lump sum, taking the psychological edge off the timing worry.
  • LL_USS
    LL_USS Posts: 272 Forumite
    100 Posts First Anniversary Photogenic Name Dropper
    edited 13 April at 10:37PM
    @InvesterJones i have been leaning towards that drip-feeding method given the uncertainty. Also good that Dodl doesn't charge fee each time we buy or sell funds. Thank you.
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