Although i'm feeling quite hesitant about investing after the recent rally, i've decided to set up a scheduled monthly purchase of the HK Index Tracker ETF. The amount each month is very small, and the aim is really to keep accumulating equities without worrying too much about market timing.
By investing a fixed amount each month i'm fairly indifferent to market volatility. If there's a pull back or sustained fall i'll get more shares for my money and i'll have plenty of cash on the sidelines to take advantage of a buying opportunity. I also won't feel like i've completely missed out if there is a prolonged increase from here.
Whilst i generally take the opinions of bloomberg/cnbc guests with a pinch of salt, there seems to be more unanimity growing for a market pull back in the near future. We'll see how that goes, and in the meantime i'll be planning my next purchases.
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