Anonymous
I am Intending to move away from StashAway. Should I slowly pump the asset I have accumulated over the 2 years from StashAway into Syfe, or dump it in one lump sum?
I've been DCA-ing into StashAway for close to 2 years.
About a year ago, I was introduced to Syfe and I've already been using 3/4 services that they have.
The only service that I didn't use is ARI because it's so similar to StashAway's SRI. Main difference is that there are a lot more individual stock/bond/etc per ARI then there is SRI.
After withdrawing from StashAway, Would it be better to slowly pump the asset I have accumulated over the 2 years into Syfe, or dump it in one lump sum?
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Syfe
01 Feb 2021
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Zac
29 Jan 2021
Noob at Idiots Invest
Read thefrugalstudent's answer - sums it up very well.
Consider if you want potentially higher returns by gaining market exposure ASAP (lump-sum shown to beat DCA generally) or you want to mitigate volatility (DCA does this).
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thefrugalstudent
29 Jan 2021
Founder at thefrugalstudent.com
Hi Anon,
Perhaps one question you can ask yourself is: how bothered will you be by short-term fluct...
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There's no right or wrong answer to the lump sum vs DCA debate. Ultimately it all boils down to what you're comfortable with and what can help you sleep better at night.
Time in the market is more important than timing the market, so whichever method you choose will be better than sitting on the sidelines holding cash. Hope this helps!