03 May 2021
I am a fresh graduate who just recently started out in the workforce and is planning to start investing early at ~3k on roboinvestors(e.g stashaway) and ~2k on ETFs currently. Do you think it is a good choice to invest now or should I wait a few more weeks/ months for the prices to drop further? Will it drop further? Thanks
Stumbling upon this post one year later and it's interesting to see how the saying "Time in the market beats timing the market" held true to some extent. Hope OP made the leap of faith to invest back then with some of the great advice given here and have benefitted from the market recovery!
I read one tip and i always remember it deeply.
time in market is always better than timing the market! :)
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Hi, you cannot 'market time', so any time point is the right one. invest regularly, so there will be no question of right or wrong, everything is averaged out over longterm. maybe you don't need a robot, you could cheaper all do it by yourself.
If you are investing, anytime is a good time. Dont need to time the market. Just make sure you do a well research and do your own due diligence. Dont buy what others tell you to.
But ensure you got your emergency funds ready. The economy now is bad. You dont want to be caught in the situation whereby you are forced to sell your investments at a loss.
Aim to hold your investments for the next 10 years.
Ernest Yeam Wee Leong
13 May 2020
Content Creator at www.youtube.com/c/JustBeingErnest
Ultimate aim is to invest in good companies
So that even if it goes down, it goes up the fastest.
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