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Anonymous
What would you do with spare cash of $20k, assuming emergency funds and insurance are taken care of?
I’m in my late 20s with a newborn. Possibly considering career switch in 3 years. I’ve been DCA-ing into different portfolios consisting of mostly equities, with some bonds and REITs. I’ve also topped up my SRS for further investments. Should I temporarily increase my DCA, do a lump sum investment or keep the extra cash?
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Lump sum usually performs better with a overall upward trend.
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Lump sum. You already have your Emergency fund. You can go all out with the $20k, since is spare cas...
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When it comes to saving $20,000, it’s unlikely that one financial move is going to help you achieve that goal in a short amount of time. For instance, you could finally work up the courage to ask your boss for tha raise you deserve, but even if your raise equaled an extra $500 each month it would take you more than three years to get to $20K.