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Thanks in advance.
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Dionysius Ang
01 Aug 2020
Aerospace Engineering at Nanyang Technological University
It would depend on your investment duration. If you are planning to invest for the long run, withdrawing a significant amount of money out now would have quite a significant impact on your returns at the end.
Simple calculation to illustrate the example.
1000*(1.08)^40 would be $21,700
If 800 would be $17,379
If 400 would be $8,689
By removing just $200, you would decrease the amount that compounding effect can magnify by $4000.
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Alex Chua
01 Aug 2020
Seedly student Ambassador 2020/21 at Seedly
Adding on to what @nicholas wong mentioned :
Go back to why you invest in roboadvisors.
The nature...
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A few friends here have already explained the impact of withdrawal
I'd just like to add one word: do not withdraw any earnings or even your capital, instead just Dollar Cost Average (DCA) every month.
Robo advisor is for long term investment, not something that you withdraw the moment you see some profit