What's the best day of the month to invest in StashAway? Is there a better way to time my entry, or is it better to invest every day to average out my wins/losses?

Hi Anon,

Sorry to hear about your experience...

I think in regards to investing, it's very hard to time the market, but what is more important is to have the discipline to continue investing. As what Warrent Buffett said, Our favourite holding period is forever.

All investments are long term in nature, so do not be disheartened, because there is light at the end of the tunnel.

Hi Anon,

I have read some valuable answers from other community members.

Also, sorry to hear about your experience.

Regardless of the strategy moving forward, the best is to...well, take no action and keep investing.

Therefore, the best day is whichever is convenient for you. Set and forget is reasonable though not necessarily the best.

Cheer up and keep investing

Pascal

Based on what you said, you are already doing DCA by investing every month. In that case, you don't need to worry about timing the market! Just be patient and continue doing your monthly investment, and your returns should turn positive again in the long term.

However, if you are putting such a large portion of your salary that you are going to have trouble paying for everyday expenses, then I would advise you to relook at your allocations. Ideally, you only want to put in money that you wouldn't need for the short to medium term (at least 10 years). General rule of thumb is 50-30-20 allocation, but you should adjust as needed.

And if you are unsure what DCA is, Seedly blog actually has a great article explaining what it is and why DCA takes out the element of having to time the market.

To determine if the market condition is favourable to invest, the question will be: Is there a right time to invest?

Accordingly, I have compiled a list of financial crisis and disasters since the 90s and every other strong reasons not to invest. However, the market has proven otherwise year after year.

Therefore, focus with the right investment strategy by knowing your investment objective. Then decide the tenure and decide whether to invest a lump sum or to do it via dollar cost averaging.

Lump Sum vs Dollar Cost Averaging: https://www.blog.pzl.sg/dollar-cost-averaging-s...

Finally, invest only into assets that suits your risk appetite.

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