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Anonymous
I'm currently on monthly DCA
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Benedict Lau
03 Sep 2020
Student Ambassador 20/21 at Seedly
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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
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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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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!