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The Investor Challenge / Re: Wheres the money?
« on: June 11, 2014, 12:16:03 pm »
Ok, all 8 people who sold this morning should have their cash back...
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And don't forget the game's money is in. Now to find something interesting to write about...
I just bought ABL - - shows I bought at 20% loss.
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You can't compare apples with apples. Somebody mentioned earlier in this forum about "probably due to the price fluctuation. Rand cost averaging". Remember, over a 3 year period you will via your monthly purchases, buy the dips. That would give you more bang for your buck as you are purchasing in those dips giving you more "shares" in the ETF for the same amount of money.
In those dips, the lump sum option will actually lose money and will most probably make it back once the market rises again, but the monthly oke got more out of that dip.