Saving Acc to ETF to Saving Acc to ETF

foxyboxer

Hello,

I am interested in beginning long term investment in order to cater for my retirement. I have been reading Mark Shipman's book 'Big Money Little Effort' recently and I believe the strategy he outlines in the book suits my investment style.

Basically, I have investment capital at the moment and I would like to get this working harder than it currently is.
The strategy involves monitoring a weekly moving average and buying and selling based on 2 simple moving averages. (30 week vs 50 week).
The strategy calls for either having the capital in a high interest instant access account or in either an ETF or Index tracker (the book focuses on the FTSE, DOW, NASDAQ etc). Basically, i want to invest one fifth of my capital at each entry signal and eventually have 5 positions, then sell based on the crossovers and transfer the cash to the savings account.

My question is where can I find out about brokers, life companies etc which offer etf's or index trackers for these indices? Also, what is currently the best instant access savings account on offer to irish citizens?

Cheers.

earlyevening

I'm not sure its so easy to make tons of cash with these schemes but NCB stockbrokers are the people to contact about ETFs and Rabo Bank or Northern Rock have the best online, instant access accounts.

BendiBus

I thought Mark Shipman preferred spread betting to shares/ETFs?

And I'm wary of anything with a title that suggests you can get something for (almost) nothing.

foxyboxer

the big money really refers to long term capital gains (10+ years). The plan for myself is really over the next 25 years. The time frame is running your profits over many years (certainly not a get rich quick scheme). the little effort refers to the technical analysis done at weekends ensuring the system is either in buy or sell mode, this takes 10 minutes. (futuresource.com which tracks the major indices). at the moment each one is in sell mode, the hang seng index went into sell mode (invest in cash) a fortnight ago.

A Random Walk

foxyboxer wrote: »

Hello,

I am interested in beginning long term investment in order to cater for my retirement. <cut>

The strategy involves monitoring a weekly moving average and buying and selling based on 2 simple moving averages. (30 week vs 50 week).
The strategy calls for either having the capital in a high interest instant access account or in either an ETF or Index tracker (the book focuses on the FTSE, DOW, NASDAQ etc). Basically, i want to invest one fifth of my capital at each entry signal and eventually have 5 positions, then sell based on the crossovers and transfer the cash to the savings account.

Call me an old fogie but that sounds like gibberish to me, I consider Technical Analysis little more than voodoo and mysticism. I would suggest some reading of books by people like Bogle, Malkiel and William Bernstein to get a critique of your chosen path and a suggested alternative.

benner

For me personally, I found technical analysis to be good for setting up rules for trading. Following rules helps to take the emotion out of trading decisions. I don't like to have to wonder was I right to buy, or sell or move the stop or should I have went short etc... I much prefer to have a more mechanical system to make these decisions for me. Mark Shipman's trend following system seems to suit this pretty well.

However in saying that Warren Buffet is the wealthiest man in the world and he is a fundamental investor. Unfortunately I don't have Buffets abilities, skill and patience to do that kind of research. So trend following technical analysis suits me much better...

Yep, from what I understand Shipman does use spread betting for some if not all of his trades.

bocirl

Hi Foxy,

Did you ever get anywhere with this, I'm looking for an answer to the have the exact question you started this thread on

daveirl

This post has been deleted.

foxyboxer

bocirl wrote: »

Hi Foxy,

Did you ever get anywhere with this, I'm looking for an answer to the have the exact question you started this thread on

I have set up a Rabodirect account for my capital, this allows instant access without penalty and online transfers to different accounts as well as a 4% rate.

I have been researching the etf's and have looked into iShares.
Trying to find out if these can be accessed by irish citizens and also tax implications. why oh why must something as simple as money be so comlicated
I still believe this is the approach for me and I know I will be kicking myself once the markets turn around again and I miss the boat.

Luck rewards the prepared as it says in the book.
I will let you know if I manage to get set up properly. Very new to all this.

bocirl

Thanks Foxy,

I'm in the same boat, there seems to be plenty of advice out there but as with everything the devil is in the detail.

However, as you said it should be worth it in the long run.

As there are no buy signals (that I can see anyway!) at the moment I'm looking at the best deposit rate I can get first.

I've got nowhere with ETF's but on Indices Keytrade seem good and I've opened an account with them.