facebookI have $17k in Stashaway account with $50 earnings only due to COVID. I have been DCA-ing monthly, but I have found better option. Should I withdraw from Stashaway or leave it and DCA into the better option? - Seedly

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Anonymous

23 Jun 2020

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General Investing

I have $17k in Stashaway account with $50 earnings only due to COVID. I have been DCA-ing monthly, but I have found better option. Should I withdraw from Stashaway or leave it and DCA into the better option?

Now that I know which ETFs I should invest in and I can do so at FSM instead for lower fees. Should I withdraw my Stashaway fund now and invest it into my preferred ETFs in FSM? Or leave it as it is and DCA into FSM without topping up my Stashaway? Or continue with Stashaway... hope to get some good advice thanks! ๐Ÿ™

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Does your "$50 earnings" refer to your returns gained? If that's the case, your returns are a mere 0.29% (50/17000). Since you mentioned "due to covid", may i know if a large portion of that $17k was invested before march 2020? If u started putting those money during Jan/Feb 2020, of course the returns might not look good now, but i'd say STICK WITH IT. Since you are doing DCA monthly, it's advisable to continue and review your portfolio every year. Also, you should consider the risk level your portfolio is at.

Below is my Stashaway portfolio, and u can see that I've only deposited SGD$2800 so far but enjoying returns of $107. That's partially because i started in Aug 2019 when the stock market was low. My risk level is at 22%. And u can see from the graph, during the months of March and April, most people were having negative returns, but if u dca daily $10 during the 30days of March, you'd be having higher returns now.

Keep up with your DCA. Do not withdraw now! Because not only will u not receive much return gains, you are also selling low right now. Why not continue DCA until the end of year and see if there is a change to your Stashaway portfolio?โ€‹โ€‹โ€‹

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