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So I have put some money in my TFSA. How do I time buying ETFs as they are basket shares?
I have some some normal shares and my my naive strategy is to buy blue chips when they dip and hold for the long run. For example I am buying MTN as I believe that their fundamentals are good but they have been wacked by fines so sentiment must be bad but they are still paying a 5% divident. I see Tinger brands has also taken a hard nock. Then I took a gamble and put a few grand on Steinhoff and Lonmin. Is this strategy completely foolish?