12 Nov 2020
Thinking of doing a lump sum deposit followed by monthly DCA. Risk index at 16%. Would like to hear from you guys. Thanks!
CNA wrote an article last month on this exact phenomenon.
I think investment is more of understanding ourselves than trying to understand the market. The best time to start investing imo is when we are aware of the risk and trade-offs, both financially and emotionally. At the same time having some theoretical knowledge will be beneficial before starting to invest more, because that's when theory meets practical, which will then accelerate your learning.
As long u dont need to use the $$$ u used for the investment for next 5-10 yr. & emotionally ready to see the market swing, portfolio drop 20%. You are good to go..
Always have long term perspective
A good time to start investing is once you are debt free and have set aside your own emergency fund....
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