I recently got my bonus at work and am planning to invest 25k into ING Streetwise Equity Growth fund (non-registered), as a long term investment. (My TFSA and RRSP's are maxed)
I know trying to time the market is near impossible, especially if its a long term investment, but my question is should I purchase it all in one shot or spread it out over a few weeks/months?
Even though it will be used as a long term investment (20-30 yrs) I still don't like the idea of seeing it down in the short term, which is of course a reality that I have to accept...
How would you go about investing 25k in this fund?
I know trying to time the market is near impossible, especially if its a long term investment, but my question is should I purchase it all in one shot or spread it out over a few weeks/months?
Even though it will be used as a long term investment (20-30 yrs) I still don't like the idea of seeing it down in the short term, which is of course a reality that I have to accept...
How would you go about investing 25k in this fund?