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Anonymous
I also have a lower risk tolerance level. Would it be wiser to just save and not invest for now?
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Josh Tan Jian Liang
26 Mar 2020
Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
Hi Anon,
Start today. Plain and simple. It's something I've done myself, suggested to family and to any private clients.
There is little benefit to procrastinate.
It doesnt matter what the market will look like next month. It could be much worse, a little bit worse, same, better... ?
What matters to you most is to be able to invest and not look at it for 5years. It is very likely (when you look back then) a great decision.
It is better to give up the idea of finding a market bottom because low can always go lower.
Bad news has always been around and may persist.
Avoid losses totally is not an investment goal and neither should you wait for "all clear" because it doesn't happen.
Have a plan like dollar cost averaging and stick to it
Read more from our article "Don't worry about the market bottom" here
PS: Follow us also on Telegram too
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Going to give you a different perspective. Not everyone will concur with this perspective though.
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What I have learnt in the past years is that focusing on price for gains... Is more of trading, and tends more often than not to lead to investing mistakes, the worst from your own emotions.
If you understand this example, the future price is only an illusion. You are exchanging 17 dollars for a future stream of 26.4 over 20 years and the possible sell price then.
It took me a few months to master this concept, and a longer time to forget what the world was trying to teach me for 30+ years.
note: this is not a buy / sell call for stock xxxx, only an example