Patience is a virtue; I can’t see anything in the near future that indicates we are entering a long term bull market. The European issue is not sorted and the developed world has a lot of debt to sort out which will put a break on world growth. As we see in Europe people don’t vote for austerity so the political future is uncertain. I expect several more large corrections in the market and would not be surprised to see the FTSE down at 4500 again. I will trickle money into the market but capital preservation is my goal. I am a long term investor whether the money goes in this year or next will not make much difference. My money on deposit may be losing purchasing power but better that than an actual loss in the market.
