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For Moneyowl Dimensional Global Core Equity Acc SGD & Dimensional Emerging Markets Large Cap Core Equity Acc SGD, should I .....?
For Moneyowl Dimensional Global Core Equity Acc SGD & Dimensional Emerging Markets Large Cap Core Equity Acc SGD, should I .....?
1) continue monthly purchase (currently on monthly regular $1k purchase)
2) stop monthly purchase but hold on to this portfolio
3) stop monthly purchase and withdraw all the portfolio value
Any advice is appreciated Thanks.
From the dashboard, currently has
simple return: -8.26%
Unrealised Loss: -$1,568.41
portfolio value: $17,408.51
Cost of Investment: $18,976.92
net deposit: $20,000.00
The monthly purchase is $1k. The plan initially was for 20 to 30 years. So far reaching one year (about 11 months only) from first purchase. Seems that it has been incurring losses for the past few months.
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Albert Tan
23 May 2022
Financial Literacy & Partnerships at MoneyOwl
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- Continue to buy. Now you are buying at a 8.26% discount.
- imagine you are buying a house worth $1million, people offer you $920k. Will you take it?
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Almost everything is incurring losses. If your plan is 20 to 30 years, you don't have much to worry ...
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Hi Jerry,
We should definitely go for option 1. You started investing as the markets were recovering strongly from the last major dip caused by COVID. If we look back further from Feb to Mar 2020, you will see markets fell about 30% but subsequently recovered to historic highs.
We are currently down about 18% from the peak since the turn of the year. There have been many geopolitical events that have caused disruptions to global trade, impacting the short term volatility of the markets.
Markets recover as these events pass, as life returns to normal. Population growth drives demand for goods and services and generates profitability for businesses. Markets have rewarded discipline.
Stay the course and look at the areas of financial planning within your control. Do not make long term investment decisions based on short term information.