I've heard so many saying now is the perfect time to invest because of the idea of 'buy low, sell high'. I've never invested before but now seems like the perfect time. Any advice?

Hi Anon, no doubt prices during this period of time looks attractive. But I suggest you not to invest if you have yet to do sufficient research. You do not want to be following what others are buying. Instead, I would suggest you to use this period of time to read up more about investment, attend some webinars and try and gain as much knowledge as possible before you start your investment journey.

All the best! :)

Garner all the necessary knowledge before you start. Start with a small capital so that your mistakes will not be too grave, and keep on learning. Goodluck!

Yes the best time to invest is now because most assets is at it deep.. I have I bought over 60% stocks and shares in a company amexSFC.com just in 2weeks 30% value has been added..

Hi Anon,

A stock market crash or a recession is like a dream come true for investors. It doesn’t happen very often and understandably investors would be excited at a golden opportunity like this.

But before you do any investments now, it is important to ask yourself a few questions before doing so.

1. Do you have enough emergency funds?

You should only invest money that you don’t have to touch. This means you need to have your emergency funds covered. Don’t invest if you don’t have enough rainy day funds because that will cause bigger financial troubles. Tougher times lie ahead, you want to have enough cash at hand first and be able to tide through.

2. Have you done your research?

Before buying stocks or investing in businesses, always do a good amount of research before making big financial decisions. For example, there’s a lot of buzz that it’s a good time to buy Zoom shares now given the spike in new users since COVID-19 happened. But is this really a good time to buy their shares now? You need to do sufficient research before making the decision.

As you haven’t invested before, I suggest to not invest too much at once. If you’ll like to increase your investments or stakes in future, you can gradually ramp it up.

No one knows when is the perfect time to invest. Timing the market shouldn’t be the approach to take when investing. We will only know when the perfect time was when it’s over but by then, it would have been too late.​​​