So, yesterday I explained a new strategy. The husband and myself were not very sure about it either. We’re just trying different things out. I got a number of responses in Dutch. For readers who can’t read Dutch: they don’t like this new strategy. Just buy the funds when you want to buy them against the going rate. This way we’re already euro cost averaging, so we shouldn’t be worried about the price we’re paying. Another smart remark was that the money was just sitting in an account now, without earning any interest or dividend. Yeah, that’s also true. Someone else said that stock prices usually go up after payday, which is just about now. So it would be better to invest between the 5th and 10th day of each month. And Frenchie’s comment is also very true!
Guess I am a slow learner?? 😉 It’s the human emotions that get in the way. That’s why I’d like to automate these things as much as possible. This is already the case with Meesman, but I can’t do this with BinckBank. Except for wiring the money to BinckBank on a monthly basis. Well, that’s the first step!
The husband was also determined on buying stocks in April, because it’s “his month”. And today is the last day of April, so he’s going to buy them today.
I guess the new strategy isn’t a brilliant move after all. We could put in an order like this at the start of each month and if we didn’t manage to buy stocks at a lower price we should still buy at the going rate on day 8, 9 or 10 of that month.
Thanks for all your feedback!
We are going to get this investment vehicle going! Yes, don’t wait, invest!