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Anonymous
What would pouring more money into my Robo-Advisors portfolio during this downturn entail?
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Pang Zhe Liang
13 Mar 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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This is likely based on the concept of dollar cost averaging.
In essence, you keep your capital the same. When the price of an asset drop, you are able to purchase more units.
More Details:
Dollar Cost Averaging
However, take note that in order for dollar cost averaging to work, it is assumed that the asset value will rise eventually (Example 3). Otherwise, you will end up losing more money over time (Example 1).
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