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Gav raises an interesting idea for someone with little money. But it is fraught with danger. Why? Because if you have few $ & choose the wrong company then you could lose it as it plumments away, if yr dollar avging down.Maybe a limited approach in a bull market is "safer"? So I'd say "in certain defined circumstances, it can work. But not as a blanket rule". Though most people's super works on this basis, does it not?We did it once and that was with a fund where the currency went against us (we were in NZ at the time and the NZ $ strengthened). Allowing for time we broke even.
Gav raises an interesting idea for someone with little money. But it is fraught with danger. Why? Because if you have few $ & choose the wrong company then you could lose it as it plumments away, if yr dollar avging down.
Maybe a limited approach in a bull market is "safer"? So I'd say "in certain defined circumstances, it can work. But not as a blanket rule". Though most people's super works on this basis, does it not?
We did it once and that was with a fund where the currency went against us (we were in NZ at the time and the NZ $ strengthened). Allowing for time we broke even.
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