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Yes I have been reading a lot and I’m no expert by any means but it seems like the best way to invest for a novice like me! ?
Yes I have been reading a lot and I’m no expert by any means but it seems like the best way to invest for a novice like me! ?This has turned into a really good thread.
I was trying to place something I'd read about Buffettt and index funds, so tracked it down:
From: make it
...[Warren] Buffett warned against investing in individual stocks, as “I do not think the average person can pick stocks,” he said... Instead of stock picking, Buffett suggested investing in a low-cost index fund..
..he has instructed the trustee in charge of his estate...I just think that the best thing to do is buy 90% in S&P 500 index fund.”..
This has turned into a really good thread.
I was trying to place something I'd read about Buffettt and index funds, so tracked it down:
From: make it
...[Warren] Buffett warned against investing in individual stocks, as “I do not think the average person can pick stocks,” he said... Instead of stock picking, Buffett suggested investing in a low-cost index fund..
..he has instructed the trustee in charge of his estate...I just think that the best thing to do is buy 90% in S&P 500 index fund.”..
Was it this Belli?I've been attempting to find the source without success but I recall reading something that Jack Bogle was not in favour of ETFs as they encouraged trading and timing of the market. I think he was more inclined to unlisted index funds where the idea was to remove the market from investor emotions. I could be incorrect on those aspects but maybe someone here knows more.
Was it this Belli?
Jack Bogle never liked ETFs. Here's why
The late Jack Bogle is often taken as the founder of index investing. Many interpret this as meaning Bogle endorsed ETFs, the vast majority of which are inwww.etfstream.com
Good info see below he says:Was it this Belli?
Jack Bogle never liked ETFs. Here's why
The late Jack Bogle is often taken as the founder of index investing. Many interpret this as meaning Bogle endorsed ETFs, the vast majority of which are inwww.etfstream.com
Hi Belle,
sorry what do you mean by your comment?
Was it this Belli?
A key point for any investor is to use an approach they’re able to actually implement.Should menion it doesn't matter to me how others approach investing or what they invest in. I'm only concerned about myself in that regard and what suits me.
Ah ok noted, you are a completely passive non market participant.Wouldn't have a clue what the particular prices are at the moment. No spare funds to place in the market so it doesn't matter to me. When I do get the funds shortly, they will just go in on that day no matter what.
But probably wrong thread?...and another good point, well made:
Another way to see those words is to compare an ETF with any other consumer product.I just look at ETFs like any other product available for sale in the market
Hmm apologies... I blame heatstrokeBut probably wrong thread?
Ah ok noted, you are a completely passive non market participant.
And if you buy $100 of potatoes (or index) each week, some weeks it’s expensive and you get less some weeks it’s cheap and you get more, but the key point is you will accumulate a lot of potatoes over time, eventually enough to feed you in retirement.Another way to see those words is to compare an ETF with any other consumer product.
If you want it and it’s on sale at a discounted price well that’s the time to buy.
Even if the price is further discounted next week, at least you haven’t paid full price.
I like this ?And if you buy $100 of potatoes (or index) each week, some weeks it’s expensive and you get less some weeks it’s cheap and you get more, but the key point is you will accumulate a lot of potatoes over time, eventually enough to feed you in retirement.
My super is 50% VAS and 50% VGS, and I contribute a steady amount every fortnight, I am not attempting to trade or time the market, just steadily accumulating through what ever ups and downs come, it will all balance out, I turn 40 this year, so have 25 years till I will be drawing a wage from my super, off course there will be big drops between now and then, but the at just means I get more potato’s that year.
I wouldn't think that's the case. By choosing not to sell , he remains a participant.Ah ok noted, you are a completely passive non market participant.
And that sounds like Dollar Cost AveragingAnd if you buy $100 of potatoes (or index) each week, some weeks it’s expensive and you get less some weeks it’s cheap and you get more, but the key point is you will accumulate a lot of potatoes over time, eventually enough to feed you in retirement.
My super is 50% VAS and 50% VGS, and I contribute a steady amount every fortnight, I am not attempting to trade or time the market, just steadily accumulating through what ever ups and downs come, it will all balance out, I turn 40 this year, so have 25 years till I will be drawing a wage from my super, off course there will be big drops between now and then, but the at just means I get more potato’s that year.
Love the analogy of the two guys on your shoulders! I work with my intuition/Gut mostly so I’ll sit and watch more a bit, build my confidence first which feels right ?
i agree timing matters ( to me ) , but bondog is also trying to park his money as sensibly as he can , after all is was initially taken out of the super ,And today the ASX 200 is 2.7% cheaper to buy than yesterday - timing matters, with 20 years in the market you know that.
just be ready ( if time permits ) to cancel the order OR move the price lower ( there could be any sort of crazy news overnight ) and a better time ( or deal ) might be possibleYep put in an order at $92 so will see!
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