Anonymous

18 Apr 2019

∙

How to improve my investment strategy after using dollar cost averaging since 2004?

I am 36 this year. I have been buying STI ETF using cost averaging method since since 2004. I also have also maxed out my SA since 5 years back. Apart from paying for my monthly housing loans using my OA, I have been transferring my remaining OA monies to both my parents' RA. I am proud that both have about $60k - $$70k in their RA, when they started with hardly any monies in RA. How else can I optimise my investment strategy?

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Loo Cheng Chuan

07 Nov 2018

Founder at 1M65 Movement

My investment strategy has also always been a contrarian strategy for equities. I am not a big believer of DCA not because of its poor effectiveness, but I simply cannot bring myself to buy stocks when the prices are high and expensive. I am just a person who love market crashes, and when I catch one, I go aggressive on it. But one has to be very patient and thrifty to save for a day like this. And you have to be gutsy when it happens and enter when there is blood in the street.

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Does dollar cost averaging really work well as an investment strategy? Especially now that countries are heading into recessions because of COVID-19, is it wise to take up this investment approach?

With a small capital to begin with, should I use dollar cost averaging for a few individual REITs or should i just use dollar cost averaging for 1 REIT ETF?

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