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Anonymous
Will you take advantage of the drop in price by buying more shares or wait for the next DCA?
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Joel Koh
29 Oct 2020
Writer at Seedly
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Hello Anon,
Thanks for the question.
But, I would like to remind you that no one can to time the market consistently. Finding the 'right time' to enter is rather fruitless as who knows? When the time comes around for your next Dollar Cost Average (DCA) investment, the drop in price might be greater than the current drop in price.
The people who tell you they know the right time to enter and exit are bluffing. You probably heard of this famous quote:
"time in the market not timing the market."
If you have already done your research and decided to invest in the investment vehicle, trust the process of Dollar-Cost Averaging, invest regularly, take the guesswork out of the equation and have more time in the market.
https://blog.seedly.sg/dollar-cost-averaging-vs...