facebookI have a saving of 10k waiting to DCA into StashAway or Syfe, is it better for me to do it weekly or monthly? - Seedly

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flossyourteeth

02 Dec 2020

Events

I have a saving of 10k waiting to DCA into StashAway or Syfe, is it better for me to do it weekly or monthly?

Discussion (12)

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Rachelle Lye

02 Dec 2020

Digital Marketing at Fintech

Hi there,

Whether you choose to DCA monthly or weekly depends on how you perceive the economy at its current time.

If volatility is driving your decision, the appropriate DCA period is a function of the level of volatility? (i.e. the higher volatility, the more frequent should be your purchases)

Monthly is usually quite a safe choice, and it is less tedious compared to DCA-ing weekly. Others consider DCA-ing quarterly as well.

Here are a couple of other community threads you can read if you're interested:

Hope this helps! 🙌

Just dump everything in and never look at it again, naturally you would worry if the market plummet after you dump everyting in, but it might plummet after you finish DCA-ing your 10k over 10 months, so there's it might not be a safer option.

Do it 1-2k monthly for now. Less hassle, don't think about it and move on. :)...

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