facebookI'm thinking of making small and regular increases into my StashAway high risk profile over the next few weeks to buy more US equities. Any advice? - Seedly

Anonymous

22 Mar 2020

Robo-Advisors

I'm thinking of making small and regular increases into my StashAway high risk profile over the next few weeks to buy more US equities. Any advice?

I intend to hold on to my investments in the long term so I am thinking that it might be a good move to increase my investments now (although the stock prices are currently going down) as I hope to reap returns in long run.

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Interestingly, i did ask stashaway similar question about 2 weeks ago. whether should i increase monthly contributions since the market is down.

the standard answer from stashaway is: have 6 months of emergency cash and stick with your original plans.

so, here is my take. if i am comfortable that my job will not be affected by the virus and impending recession, I will invest a bit monthly.

if I think that there is a chance that I may need the cash, on top of emergency fund, in case to downgrade or whatsoever, I will continue to stick with my current plan.

if I get bonus, increment or special bonus along the way, i can consider to make a one-time lump sum investment.

ultimately, no one knows when the bottom is or when the recession will be over. will china reopen its factory to full capacity, will consumers buy as much as before. nobody knows.

hope this helps.​​​

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