Time to shop!
by Penny on March 11, 2008
Since the election our market has come tumbling down. Our composite index dropped by 100++ points, almost a 10% drop. This triggered the suspension of trading for an hour yesterday.
I’ve been watching a particular ETF and the price has come down quite substantially. The questions is, should I wait some more or is this the time to enter? If I go according to the rule of cost-averaging-investment, I should be going in now and not bothering with finding the lowest entry point. But humans err, don’t they?
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A little bit about Penny, author of this blog
I want to learn the art of creating, managing and preserving wealth. It's not as easy as ABC but I believe it can be done well with lots of determination, discipline and perseverance. To date I've written 211 posts relating to money matters on this site.
I own a blogshop, Penny's Online Shop, offering trendy ladies apparels at very reasonable prices. I also write a shopping blog, a mummy blog as well as a contributor to a health & wellness blog.
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