facebookI'm a 27 y/o beginner and recently started investing in DBS's ETF regular savings plan. Could you give some advice as to when is a good time to cash out your money? - Seedly

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Anonymous

07 Jun 2020

General Investing

I'm a 27 y/o beginner and recently started investing in DBS's ETF regular savings plan. Could you give some advice as to when is a good time to cash out your money?

When do we know if we should increase the monthly cash-in? I'm doing $200/mth currently for a start.

Discussion (3)

What are your thoughts?

Hey there!

You are adopting a dollar-cost averaging method whereby it's often held long term (at least ten years). You should increase your monthly cash in ideally when the market prices are dropping because you should always aim to buy low.

Financial planning is an integral part of life. You can reach me here to find out more.

RSP is not meant for trade in and trade out, its for buy & hold long-term.

Tan Wei Ming

Tan Wei Ming

07 Jun 2020

Level 10·Founder and Writer at Frugal Youth Invests

I wouldn't recommend DBS ETF regular savings plan as it does not have a lot of ETF to choose from. I...

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