facebookFresh graduate who is thinking of starting my investment with Stashaway. Is now a good time to start investing with the recent low market? - Seedly

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Anonymous

12 Nov 2020

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Robo-Advisors

Fresh graduate who is thinking of starting my investment with Stashaway. Is now a good time to start investing with the recent low market?

Thinking of doing a lump sum deposit followed by monthly DCA. Risk index at 16%. Would like to hear from you guys. Thanks!

Discussion (7)

What are your thoughts?

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Hi there,

IMO there is no perfect time to invest. Instead of timing the market, you should start early. DCA is a great way for you to invest monthly

I myself have invested in StashAway, you can look at my reviews on StashAway here.

CNA wrote an article last month on this exact phenomenon.

https://www.channelnewsasia.com/news/cnainsider...

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

Best day was yesterday, the next best day is today. drop more = buy and accumulate more, markets go up in the long run as proven over the past decades

A good time to start investing is once you are debt free and have set aside your own emergency fund....

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