Harmoney

[alistar_mid]

knowledge.

agree with everything you have said.

we are sitting on a big bubble and I have been in a cycle of not reinvesting in harmoney and paying down revolving credit for if (and when) things "crash' i can buy in.

In saying that though I still have AP's each month into managed and index funds, as yes I know they will probably be effected when the markets suddenly turns after this bull run, but like you say, when?

You try and time it and pull the money out, then you miss out on potential returns, and if you leave it in then invariably you will get beat up a bit.

I'm going to keep paying down debt, but also just going to keep AP'ing into my funds. I trust my fund manager (milford) to minimize the effect of a downturn (for reference one of their higher risk funds, the trans tasman, did -9.9% in 2009, whilst the index did -24.9%), if it drops, I might even up the AP's or drop a lump sum in.