facebookShould I continue DCA to my Syfe account this month, as recently my portfolio is going up or should I wait till it drops before continuing to DCA? - Seedly

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Anonymous

18 Jan 2021

Robo-Advisors

Should I continue DCA to my Syfe account this month, as recently my portfolio is going up or should I wait till it drops before continuing to DCA?

I have Equity100 and REITS, both portfolio seems to be at all time highest now.
Should I hold this month's dca or should I continue dca?
I'm thinking if I put in money now means I'm buying high, and would bring down the profit?

Discussion (5)

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Syfe

18 Jan 2021

Hi there, that's a good question. Generally, we encourage investors to stick to their investment plans. Time in the market outweighs timing the market. In the long run, the cumulative value of your monthly DCAs will grow, boosted by the power of compounding.

Just dca based on your planned schedule, don't try to time the market. The purpose of dca is to make it a disciplined habit

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Chris

12 Jan 2021

Owner and Writer at Tortoisemoney.com

I think it goes back to the core purpose of Dollar-Cost-Averaging(https://tortoisemoney.com/when-t...

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