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The FTSE 100 index of leading shares hit an all-time high last year. Over the past five years though, it has grown just 8%.
In fairness, those have been tumultuous years and the index contains a lot of mature businesses unassociated with racy growth. Nonetheless, while growth is growth (and many FTSE 100 firms are handy dividend payers to boot), that performance is hardly spectacular.
Some FTSE 100 shares look particularly cheap right now. Rather than trying to time the market and wait to buy, I would happily use spare cash to swoop on potential bargains today. At some point I expect there will be another stock market rally and I would like to have my ducks in a row first.
The perils of market timing
With the economy looking lacklustre, there is an argument that there is no rush to buy shares. After all, they could yet get cheaper. The FTSE 100 has fallen since last year’s highpoint and may go down…
