- Joined
- 27 June 2010
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I added to my VGS last week.
I'm nervous about where markets are at the moment, but it's for the long term and I succumbed to my fear of not being in the market.
I think provided your holding period is 5 years, you don’t have to fear market corrections so much.VGS is obviously going UP long term, and is a good long term investment, as long as you can withstand huge market corrections. I'm hyper defensive at the moment and have 50% of my stocks in gold equities and physical. Overall, 75% cash.
My only general equity position is in IOZ which is where my Army pension gets deposited each fortnight.
I have nothing in international shares even though my brother says I should. But, what would he know.
The risk with VGS at the moment is that the FANGS have distorted returns over the past year so make the current gains from the 1100 breakout a case for FOMO. FANGS might still run, but it's looking like a bubble. I wouldn't go there right now. Better to just have cash in a high interest bearing account at the moment, IMO.
Weekly and daily charts below.
View attachment 172881View attachment 172882
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