Loving this market correction - have been waiting for it to happen for over two-years now. For you non-shareholders, you should be starting to read up on companies and markets and look at putting some money in - these corrections only come round every 20 or so years and provides a perfect opportunity to get in. No rush though I'm sure there will be more pain to be had, but some sectors will bounce back quicker than others. First step is to open that brokerage account.
My advice is make the investments directly into the markets yourself - none of these investment funds/unit trusts - they rarely beat the indexes and charge you large fees for the privilege. If you not sure which individual share to buy then look at Exchange Traded Funds (ETFs). The management fee is low and allows you to invest in industries or countries that are otherwise too difficult to access.
I'm totally jealous that I won't be around to ride this one.
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2 comments:
Yes, you are correct, Anna, it is awfully good fun to watch the carnage! ha ha!
Fortunately there is short selling so some of us are not actually part of the carnage, merely able to profit from it, but yes...nice to be a part of history.
You could always have a giggle with some CFD's
:-0
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