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- 5 January 2022
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- 37
Yes I only put it in for the day, so all good ?
Yes I only put it in for the day, so all good ?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 possible
good luck
Yes look I that is what I’m trying to do as it seems like a good long term plan.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 ,
so bondog ( and others in a similar position ) needs that cash working even if just to resist real inflation , because goodness knows if there will be a pension in twenty years time ( i suspect the Government will expect you to survive on your super returns )
so it is a balancing act , luckily the two ETFs selected have a reasonably predictable ( div. ) distribution cycle , so they can be bought in ( roughly ) the next ten weeks , join up in the DRP ( if desired ) and have the train rolling ... or decide to wait longer ( or do something else completely )
Say the price of potatoes does change when bought once a week, one still has to pay a delivery fee, generally speaking.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.
A market participant with no interest in the market isn't much of a participant, i occasionally buy potatoes but dont consider myself a vegetable market participant.I wouldn't think that's the case. By choosing not to sell , he remains a participant.
It’s possible to beat the market average by trading, but it’s all possible to under perform the market by attempting to trade, those delivery fees and taxes can add up if you try trading in and out.Say the price of potatoes does change when bought once a week, one still has to pay a delivery fee, generally speaking.
Ideally and regardless of purchase method, one would partially sell their potatoes in the next Great Irish Potato Famine, which, by all accounts, could start any day now. (Due to start after the Global Bog Roll Crisis Part VII ends.)
One would have to keep their "eyes" open for a good sell price. Pun intended.
View attachment 135328
Yep, it is.And that sounds like Dollar Cost Averaging
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.
Hi @Belli I can't open the file, did your calcs confirm VC's theory?
So what would have been better, lump sum investing or investing a bit each time through out the period?By the by @sptrawler, assuming I've added up proper like, over the period of 14 years the investor would have received a total of $263k in distributions (includes 2022 distributions to date.)
While I've known for many years about the glorious impact of not caring very much (as it applies to me) it wasn't an exercise I've done previously. Invest on a set date either in dollar amount or number of shares then shut down until the time to place additional funds.
It seems to fit with the principle Jack Bogle espoused which somehow has now been distorted in various ways with ETFs providers and investors.
So what would have been better, lump sum investing or investing a bit each time through out the period?
Could not open the attachment on the phone.harder to do but ideally you want to compare lump sum vs monthly with the non invested part earning TD interest..remember it used to be 7 to 8% not so long ago.
investing the lump sum NEAR a market bottom ( and very nice work IF you can do that ) should win UNLESS you , say waited until 2011 to buy in ( missing 3 years of gains , and divs )So what would have been better, lump sum investing or investing a bit each time through out the period?
So what would have been better, lump sum investing or investing a bit each time through out the period?
it opened for me , and the spreadsheet downloaded fine , but i use a non-popular browser , so it MIGHT be a browser/software thingAs has been said previously a lump sum is supposed by many to be statistically better.
Yeah, a bit more difficult as ideally these aspects would also need to be considered:
View attachment 135351
PS: My apologies if you were not able to open the spreadsheet. It is the first time I've ever attempted to upload one and obviously I stuffed it up. Sorry for any inconvenience or frustration.
the unable to open was just on the mobile phone, all good with laptop, and mobile was not using the excel compatible app properly, you did good, not an issue on your side!!As has been said previously a lump sum is supposed by many to be statistically better.
Yeah, a bit more difficult as ideally these aspects would also need to be considered:
View attachment 135351
PS: My apologies if you were not able to open the spreadsheet. It is the first time I've ever attempted to upload one and obviously I stuffed it up. Sorry for any inconvenience or frustration.
I assume others will nuance it "However, if you did this or that, etc." but that seems to me to miss the point.
The way I look at it, even if I pay the going rate on the day as it rides at the top of a rising support line not too far from the 200dsma, I will not be paying full price as it will continue to rise. To wait for a discount may mean one has to chase a price higher if there is no fall or at worst the stock continues to discount until your capital is profoundly discounted along with it.Even if the price is further discounted next week, at least you haven’t paid full price.
Yes largely. Holding only LICs and ETFs I don't feel any real connection with individual companies nor an affinity with the share market in general.
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