facebookJust started investing and want to buy SP500 ETF, but it is at high point now. Does it mean I can buy it at any price if it is meant for long term? - Seedly

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Anonymous

13 Nov 2021

βˆ™

General Investing

Just started investing and want to buy SP500 ETF, but it is at high point now. Does it mean I can buy it at any price if it is meant for long term?

Any advice?

Discussion (10)

What are your thoughts?

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The short answer is yes, on the basis that your time horizon is long enough and it will keep increasing so you literally close eye and buy!

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Another advice, since you just started investing, is

(1) To not just focus on SP500 only. Learn about other methods, approaches, concepts of wealth building, test it out (with money you can lose) and stick with the one that you can relate to the most

(2) The biggest enemy of investment success is OURSELF. Read up more on money mindset, how it can potentially make or break you as an investor. Seedly is a good resource, IG too! You can check out my IG @richlifewithdavid where I share more about money mindset and hacks.

Monitor first.

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Buy less when rise

Buy more when dip

Yes. look for adding other countries allocation also

Market move in a "wave", if you know it is near resistant, just wait a few days. Buy near the MA, support, or minimally when the market are red. Just ensure the $$$ you planned to invest is deploy by end of the month. It is important to consistently pump $$$ into your portfolio and DCA.

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A few % extra per mth, compound over long term can be few thousand dollar.

comment

Robin

14 Nov 2021

Administrator at SG

Yes, long term is the key word. Who knows when there will be a crash in the short term? but in the l...

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