Quote Originally Posted by Aaron View Post
I switched my Kiwisaver to the most conservative a couple of months ago from a growth fund and will switch back to a growth fund after a correction. Maybe I should just buy a section and build a house on it? I am hoping patience will help my long term net worth this time round but as each year goes past it is getting harder not to do something particularly as I am past the halfway mark of my expected lifespan.
Mate, what happens if the correction in say 3 years does not drop the market lower than where it is now? Have a look at the chart of the DOW and you will see that it is very difficult to profit by "waiting" for a correction. Bull markets can last decades and you may be missing out on the biggest bull in History. You may not either but "waiting" for the market to fall is as dangerous as putting your money under your mattress.