RE:RE:RE:DGS unit NAv to March 10 guess = 13.66raptorsfan wrote: Thanks for the post John. quick follow up question: if you're looking to get in around $4 then wouldn't now be a good time to buy? Or are you waiting to see how much lower it will go?
I was planning for the TSX to fall at least 20% and today it hit that mark. Although DGS may go lower, it could just as easily be NEAR bottom. Nobody knows.
DGS, although a good buy (here or lower) for the long run, is essentially dead money for roughly the next 2-9 months (or longer). I have better places to put my money today. If you're willing to wait 6 months for return, I would start scaling into DGS now -- maybe 20-25% of your intended position. Another 20-25% when/if it goes lower and so on. Buy the last 20% of your position when you are sure that a market recovery is in place and the markets have a well defined uptrend.
All the above is just my opinion and is DEFINITELY not to be regarded as advice. I have no idea of your unique circumstances or goals.