With the markets as low as they are, are you buying in this market environment? Or are you waiting for the volatility to settle down a bit?
EEK.At least you guys are better off than me, I started the SM in early 2008.
It is close to impossible to successfully time short term moves. All you can do is buy when you think prices are "reasonable". You might get lower prices but then you might keep waiting for a long time. Warren Buffet puts it best: "If you wait for the robins to sing, spring might be over" (or something to that effect).I, by nature, try to time the market. I try to fight it, but I'm always fixated on making things the *best they can be*, so I need to go in low.
I'm like you. Just opened a TFSA and I'm going to convert to e-Series soon. In addition, I am buying stocks from my company (they match 50% at the end of the year) and also making regular contributions to my spouse's RRSP.Great idea on creating the forum, guys.
I am also buying right now. I just started my "career" three months ago and have a 40 year timeline, so volatility doesn't scare me at all. I've been giving as hard as possible to the DCPP at work to maximize my employer contribution, and I just opened a TD TFSA Mutual Funds account, which I'll switch to an eSeries account this week and start investing my savings automatically.
It's good to see I'm not the only one looking to use this dip (or recession or whatever you want to call it) to maximize gains.