Seems like today, the market correction is upon us. For high risk unit trusts especially China fund, today's price might cause your capital to drop by as much as 7%. Based on current trend, tomorrow might show a rebound but the ride might be tough ahead.
As an investor, this correction might be long overdue as hang seng had been hitting new heights almost every other day and it's time for a breather. In addition, big brother USA is not doing that well as seen by Citibank's problems. However, barring some very bad news, recovery might take place after 1-2 weeks.
If major asian indexes does not recoup its losses and in fact drop further on wednesday, you might want to wait a while before buying in more as the downtrend might continue. I do not advise buying in at the moment though even if you take a long term approach to investing and do not want to time the market. I do note that it's quite impossible to predict the lowest point of the market but it is still possible to buy when the market shows sign of recovery to ride on the tide up.
