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Hi I just surrendered my hsbc life Optimus plan and would like to decide how best to continue investing my savings for long term. To hold stocks for long term investment, does it mean I should DCA monthly?
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Maybe have an end goal in mind, then hit end goals then stop? Many ways of doing it. Find one that suits you.
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Depend on what is your long-term goal. If you can't invest on your own and manage it yourself, you should just keep the plan.
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I think staying invested and DCA is always a good start.
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Firstly identify your risk appetite (based on your age band).
Build a pyramid of an investment p...
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Have variety of safe and high risk high return investments. You need to allocate them properly according to your preference.
Safe investment: SSB, T bills, fixed deposit.
Slightly risky investment: money market funds.
High risk high return: stocks and ETFs.