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Anonymous
I am not sure if it will drop further. Understand from my readings from this blog that there are two views - 1) duration in the market, less regard on point of entry 2) capital gains are important, more regard on point of entry as capital loss could wipe out dividends earned for many years
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Andy Sim
06 Mar 2020
HR Professional at a Financial Institution
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There is a saying that goes "time in the market is better than timing the market" We cannot predict how the stock market is going. If you had done your research and if the price is attractive to you, then by all means buy into the stock. In the long term, the stock should be rising upwards.
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Do remember dca is not the answer to everything. For example the people who dcaed hyflux must be kic...
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Hi Anon, I believe to be a passive income investor, you'd want to do the minimal work and still receive the money. No one has a crystal ball to predict how the markets will head towards, so it is good to do DCA into the market to lower the total cost of buying the stock/ETF. Your stock/ETF should rise overall in the future if you've done your proper research and due diligence.