Forum Archive Index - July 2001

["Jeffrey Kelly" <jrjkelly@ihug.co.nz>]

 

Michael

 

I like the principle of Dollar cost averaging also, especially for new investors.

 

I would suggest that if you have a lump sum to invest that you invest it over a longer period, ie 2 - 3 years. Maybe split it up into monthly installments and diversify it well between different Funds and Markets. There is plenty of information available on diversification and investing and the best investment you can probably make is time spent on research.

 

I see the markets as being unnervingly bearish at the moment and waiting until the indicators point in a more favourable direction might be a good move on your part.

 

I also favour capital protection as opposed to capital risk as the best position to take at the moment. By the end of this year markets, particularly the US which most of the others tend to follow, might give a better idea as to where things are headed in the short to medium term.

 

Regarding TeNZ, I have never looked into it but from memory I don't think it has ever performed very well.

 

Please note the above comments are an opinion only and you should not make any decisions based on them.

 

Regards

 

Jeff