Morningstar Australia recently had a feature to the effect that dollar-cost-averaging was a worse idea than one-off purchases
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I do not disagree that dollar-cost-averaging in the best passive strategy. I use Kiwisaver for this reason: $20.83 every week into MSCI AC, 50% unhedged (3 reasons: govt incentive, international equities, limit NZD exposure). If Smartshares had the right products I would use them. There is still plenty of opportunity in the Kiwisaver product development space.
However I maintain that for a person who wants to make money, ie people on this forum, timing IS everything.
Completely agree. For someone wanting a simple low cost investment they can drip fee money into from their salary, it is good. More expensive than if you were in the US but cheap compared to the other NZ alternatives.
The question raised here (supplementary question I guess) is at what point does Smartshares get expensive and it best to go direct.
i cant believe the bubble is still going.
Last year or so have been putting money into the european ETF (EUF) Prices are not as inflated as for some other regions. Also a lesser amount into the Total world fund. Basically want more of my money away from NZ
Hi, would any investor want to share their thoughts on how they would split the $100k (original question) amongst Smartshares ETFs for long term growth?