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Anonymous

03 Sep 2020

Robo-Advisors

How do i know when is a good time to do weekly DCA into Stashaway?

I'm currently on monthly DCA

Discussion (3)

What are your thoughts?

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Benedict Lau

03 Sep 2020

Student Ambassador 20/21 at Seedly

Hello!

It is not about timing the markets but time in the markets. Therefore, there is no "good" time to DCA. The purpose of DCA for regular periods is to buy more units when the stock is low and to buy less when the stock is priced higher and in the long run, to even it out. So what you are doing now is fine. Hope this helps!

Pang Zhe Liang

10 Jun 2020

Lead of Research & Solutions at Havend Pte Ltd

Dollar cost averaging takes away the need to time the market through investing a fixed amount of money on every time period. Throught this process, it attempts to mitigate the short-term price volatility associated with the investment.

With this in mind, there isn't really a compelling reason to time the market. In case you need some information on what is dollar cost averaging and its principle, you may refer to this post: Dollar Cost Averaging Singapore: Does it really Work

I share quality content on estate planning and financial planning here.

Ng Wei En

10 Jun 2020

Analyst at Mastercard

Set a rule for yourself. The simple answer is everytime your portfolio in StashAway drop by x%, incr...

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