ups and downs?

westy69

this might be a stupid question but i have been watching a few funds inparticular blackrock gold funds and as stated they are very volatile but is there anything to stop the brave investor/gambler buying in say 5k when its down and then selling once it hits a high? (apart from common sense maybe )
Now i know everyone says investing is a long term business ie min of 5 years which i understand but do people do what i have asked about above?

thanks

Aegis

Nothing stops you, but because you only buy or sell these funds at a single time once a day, and because you have to choose to sell before you know the price, it's certainly not ideal for short term investing.

You can probably pull it off, but it would be much easier with an investment trust or a direct share. Of course, holding those is higher risk even within the same sector.

dunstonh

but is there anything to stop the brave investor/gambler buying in say 5k when its down and then selling once it hits a high?

How do you know when its down and when its high?

Look at the last few decades at Japan or tech stocks for lows and highs.

purch

blackrock gold funds and as stated they are very volatile but is there anything to stop the brave investor/gambler buying in say 5k when its down and then selling once it hits a high?

No nothing to stop you

I have been in and out of that particular Fund a few times over the last 5-7 years.

It is of course easier to do so with a Fund which is mainly invested in a volatile but easily followed asset class, or at least closely associated with it such as the Blackrock Gold and General.

Funds can easily be charted, and traded off those charts. Of course with OEIC and Unit Funds you have a lack of transparancy with pricing, and a lack of immediateness, which means you cannot trade with 100% accuracy,and you need to set yourself a lot of leeway in both directions.

N.B. I subscribe to a service which provides a huge amount of information, and also gives you access to a massive chart library, with very sophisticated tools which makes trading most securities far easier. It would be far harder to chart Funds accurately without this type of facility.

westy69

Purch can i ask which service that is please?

purch

I have PM'd it to you....don't want to break any rules :cool:

westy69

:beer: Purch