Long term DCA investment recommendation

Hi guys, I intended to DCA for long term like 10 years or more via Syfe platform, aims to accumulate wealth for family. Amount to start with $1000 every month. Risk appetite high.
Considering few options:
1. Choose 2 stocks from big companies like Apple, Microsoft, Alphabet, Tesla, Nvidia (any recommendations is appreciated) to start my investment. DCA $500 each stock every month
2. DCA $1000 every month into S&P500
3. DCA $1000 every month into Syfe core equity100

Which option would you choose or which combination strategy would you recommend if you were in my shoes?

Thanks

8

Discussion (8)

What are your thoughts?

Learn how to style your text

Anita Han

13 Jul 2023

S&P 😊 option 2 is safe

Reply

Save

stevebeck

09 Jul 2023

DCA S&P500

Reply

Save

Financelearner

08 Jul 2023

Syfe Core Equity100 has an overlap with S&P500 so I would not really recommend investing into both at the same time. In addition, the big company that you mentioned in point 1 are all inside S&P500 and Syfe Core Equity100. Ultimately, your planned investment strategies are investing in the same companies,

If I were in your shoes, probably I will invest in S&P 500 and QQQ.

Reply

Save

Axolet

07 Jul 2023

If you're investing in individual stocks, please do your research and not just YOLO a big company. They may be currently overvalued (such as apple and nvidia) and could net you a loss if the tides change.

Reply

Save

Joey Koh

06 Jul 2023

When choosing stocks, while it is true that big companies often get bigger, the real wealth is made ...

Write your thoughts