facebookInvested in syfe recently but recently stocks has been dipping and dipping even lower. Now on -4% returns, do I still continue to average it out but how? Just a normal average working adult - Seedly

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          Anonymous

          13 May 2021

          Robo-Advisors

          Invested in syfe recently but recently stocks has been dipping and dipping even lower. Now on -4% returns, do I still continue to average it out but how? Just a normal average working adult

          Should I continue to DCA into Syfe?

          4

              Discussion (4)

              What are your thoughts?

              Hi Anon,

              I agree that you should continue buying the dip like what Chris said in order to average your cost out. But during times like these, you'll notice that there are certain stocks that are dropping way more than most other stocks. Hence, to capitalise on a dip like this, you can also consider buying individual stocks as opposed to investing more in Syfe because when you buy through robos, you're essentially buying a basket of many stocks, some of which may not be 'dipping' as much as others. Of course, DIY investing would imply greater risk, so you should only invest what you're comfortable with :)

              Cheers!

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                  Chris

                  Chris

                  13 May 2021

                  Level 14·Owner and Writer at Tortoisemoney.com

                  If you have steady cash flow (from income), emergency fund secured, insurance covered for and no high interest debt, then you should continue to add regularly! Someone I met on Telegram once said, in reference to stocks, "People run away when they're on discount and they only want to buy them when they are expensive." Dips are the best time to buy! If you have the ability to, keep adding to your position.

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                      Ignore price movement. Just DCA.

                      4% is nothing....

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